Cement News tagged under: Building Materials
FLSmidth concludes Cembrit sale02 February 2015, Published under Cement NewsFLSmidth has now successfully closed the divestment of Cembrit to Solix Group AB, to sell all shares in Cembrit Holding A/S at a price of DKK1.1bn (enterprise value on a debt-free basis). Cembrit is one of the leading distributors and manufacturers of fibre-cement products in Europe. The deal was initially announced in mid-January 2015 and concludes FLSmidth's divestment of building materials companies. |
CRH announces clay and concrete disposals15 December 2014, Published under Cement NewsCRH has said that it has reached agreement to dispose of its clay and concrete businesses in the UK and its clay business in the US to funds managed by Bain Capital Europe LLP for an enterprise value of GBP414m (EUR522m). This amount excludes real estate assets with an estimated market value of GBP£30m that are being retained by CRH for future disposal. The transaction is subject to regulatory approvals and is expected to close in 1H15. The business being divested comprises clay compan... |
HeidelbergCement looking to shed assets02 July 2014, Published under Cement NewsHeidelbergCement is reportedly looking to sell off its US and British construction materials business this year in a bid to position itself for some assets that may be put on the block as part of the Lafarge Holcim merger, a source with knowledge of the company's plan told Reuters. The German cement major had said it can wait to get the best price for the business in the US and Britain, which makes mainly bricks, concrete pipes and roofing tiles and is worth at least EUR1bn. HeidelbergCem... |
HeidelbergCement to sell building materials business18 June 2014, Published under Cement NewsGerman cement maker HeidelbergCement will dispose of its bricks and building materials business, and has already contacted several banks about the deal, the Financial Times reported. The paper advised that HeidelbergCement's CEO, Bernd Scheifele, had been planning on conducting the sale for a long time. The division is expected to be sold for a sum of between US$1.5bn-2bn (EUR1.1-1.5bn). In the last business year, the unit to be sold saw its revenue drop by a tenth to EUR1.1bn. |
Morgan Stanley bearish on China Building Materials Sector22 March 2012, Published under Cement NewsMorgan Stanley believes second quarter pricing for China’s building materials will still be lower than the first quarter as it expects 2Q demand seasonal recovery to be weaker than normal years due to the slowing construction pace of property developers. “We hold the view that developers will not reaccelerate construction activities until they have cleared their four-year high property inventories,” In addition, the supply side is facing pressure as well, especially from new capacity addi... |