Cement News tagged under: Lafarge
Buzzi Unicem06 January 2015, Published under Cement NewsBuzzi Unicem completed the acquisition of Uralcement from Lafarge on 1 December. The addition of the 1.1Mta wet-process works at Korkinho at a cost of EUR104m gives the Buzzi Unicem subsidiary Dyckerhoff a second works in the Urals. |
Holcim06 January 2015, Published under Cement NewsThe European Commission has cleared the proposed merger of Holcim and Lafarge, subject to the disposals already agreed with the commission. The names of the merged group’s executive team have been announced and, in addition to the previously-announced CEO and finance director, these consist of four candidates from each of the two companies involved. Meanwhile, Holcim New Zealand is selling its 72 per cent stake in McDonalds Lime to the Canadian group Graymont, which is the second-largest ... |
Holcim and Lafarge select future executive committee24 December 2014, Published under Cement NewsHolcim and Lafarge have selected the future executive committee to head the combined company after completion of the merger. In the new set-up, Bruno Lafont, as CEO, will head up a project team of 10 seasoned managers who will lead the transition until the completion of the merger. Once the merger is finalised, the members of this project team will be officially appointed members of the Executive Committee of the proposed combined company by the future Board which will be chaired by Wolfgang... |
Cementos Argos23 December 2014, Published under Cement NewsCementos Argos has pulled out of the running for any Brazilian assets being sold off following the Lafarge/Holcim merger. According to Cementos Argos, any potential purchase would not “generate the value its investments would expect”. UltraTech Cement has reportedly also followed suit with the Brazilian economy being blamed by many for the u-turn. Brazil has seen its economy shrink by 0.9 per cent in 2Q14 and a further 0.25 per cent in the third quarter. Growth of around 1.4 per cent is p... |
CRH increases investment war chest19 December 2014, Published under Cement NewsCRH’s recent disposal announced this week is being viewed as positive for further development as it keeps in line with the company's efforts to streamline its portfolio and provides additional financial flexibility for acquisitions. On Tuesday CRH announced it had reached an agreement to dispose of its clay and concrete businesses in the UK and its clay business in the US. The move had been expected for a while with CRH said to be dissatisfied with the structural returns in the brick bu... |
UltraTech re-evaluating Brazil asset bid11 December 2014, Published under Cement NewsIndian cement major UltraTech Cement is reportedly re-evaluating its decision to bid for the Brazilian assets put on the block by Holcim and Lafarge ahead of their planned merger. According to local press reports, the Aditya Birla company had submitted non-binding bids for the cement assets in October, after which binding bids are due in January. The company is now said to be “rethinking about the bids” and UltraTech Cement may “pull back at the binding stage,” sources familiar with the m... |
Argos to not bid for Lafarge/Holcim Brazilian assets10 December 2014, Published under Cement NewsCementos Argos has decided not to not bid for the Brazilian assets that Lafarge and Holcim have put up for sale ahead of their planned merger. Colombia’s largest cement producer has informed the Superintendencia Financiera that it does not see such a purchase as being likely to generate the value its investments would expect. Argos had been in consultation with Itau Unibanco concerning a possible bid. |
UNACEM completes Ecuador acquisition03 December 2014, Published under Cement NewsPeruvian cement producer Union Andina de Cementos SAA (UNACEM) confirmed that it has completed the purchase of Lafarge’s cement operations in Ecuador. "We are pleased with the closing of the transaction, which represents an important step in our growth strategy,” Carlos Ugás, managing director of Unacem. The company closed the acquisition, initially announced in May this year, for approximately US$517m, according to local press reports. The deal involves the purchase of a 1.4Mta cement w... |
Tanzania likely to start exporting cement soon26 November 2014, Published under Cement NewsTanzania expects to double its cement production in the next few years as new factories come on-stream to satisfy growing demand from the construction sector, a senior government official said on Tuesday. Tanzania's cement output rose 18.9 per cent last year to slightly above 3Mt on the back of higher demand. Janet Mbene, deputy trade minister, said the rise in output would see Tanzania produce a surplus to be exported. Annual cement production in east Africa's second-largest economy wil... |
Holcim expects to select buyers for assets by end-Jan19 November 2014, Published under Cement NewsHolcim said it expects to have found buyers for the cement plants and other operations linked to its tie-up with Lafarge by the end of January, and that the merger is on course to be completed by the middle of next year as planned. "We expect the final bids somewhere in January 2015," Bernard Fontana, chief executive of Holcim said at the company's investor day on Tuesday, adding that Holcim also hoped to select buyers for the assets the same month. "All this is consistent with an over... |