Cement News tagged under: Weekly Newsletter
Lafarge Malaysia Bhd to acquire Holcim Malaysia21 September 2015, Published under Cement NewsLafarge Malaysia Bhd plans to acquire Holcim (Malaysia) Sdn Bhd, for MYR330m (US$77.4m) cash, as part of parent company LafargeHolcim Ltd’s plans to consolidate operations in the southeast Asian country. In a filing with Bursa Malaysia today, Lafarge Malaysia said it has entered into a conditional share purchase agreement with Holcim Indonesia for the proposed acquisition. Lafarge Malaysia said it plans to finance the purchase consideration via a combination of internal funds and/or bank b... |
San Miguel Corp to up investment spend21 September 2015, Published under Cement NewsPhilippine conglomerate San Miguel Corp said on Monday it is raising planned investment in cement manufacturing to almost US$1bn with the addition of three new cement plants to two previously announced facilities. President Ramon Ang outlined the investment at a briefing following the listing of San Miguel's PHP33.5bn (US$720m) worth of newly issued preferred shares. Ang said in July San Miguel was building two cement plants, worth US$800m, expected to be completed in 2017. (Source: Reute... |
Cementos Pacasmayo begins commercial operations at Piura plant18 September 2015, Published under Cement NewsCementos Pacasmayo SAA, a leading Peruvian supplier of cement and construction materials, announced today that it has begun commercial production from its new cutting-edge Piura facility. The first ton of cement from the Piura facility was produced and shipped today. Final clinker and cement capacity will be 1Mta and 1.6Mta, respectively. "I am delighted to announce the beginning of commercial operations at the Piura plant, an important milestone for Cementos Pacasmayo and the Peruvian c... |
US seven-month shipment update17 September 2015, Published under Cement NewsShipments of Portland and blended cement in the US and Puerto Rico totalled 50.038Mt in the first seven months of the year, preliminary data from the US Geological Survey (USGS) shows. Imports accounted for 5Mt of the total. In July 2015, shipments reached 9.257Mt, with imports representing 935,779t of dispatches. Clinker production, meanwhile, is reported to be 42.282Mt for the seven month period, with output at 6.965Mt in July alone. |
Lafarge Zambia reports first-half increase16 September 2015, Published under Cement NewsLafarge Zambia plc has posted a four per cent profit after tax from ZMW180.7m ((US$18.4m) in 1H14 to ZMW187.1m in the same period of 2015 despite the country's economic challenges and political uncertainties in Democratic Republic of Congo (DRC), which constitutes the company’s major export market. The company also recorded a 14 per cent turnover of ZMW699.1m in 2015 from ZMW614.3m in 2014. Lafarge Zambia CEO Emmanuel Rigaux said domestic demand in the second half is expected to continue t... |
LafargeHolcim offers €60 a share in squeeze-out15 September 2015, Published under Cement NewsLafargeHolcim has decided to implement a squeeze-out procedure for the Lafarge shares not tendered between May and July 2015 (representing 3.56 per cent of the share capital). LafargeHolcim is offering to indemnify in cash the shareholders of Lafarge at a price of €60 per share. As an alternative to the cash indemnification proposed, an exchange option of 9.45 LafargeHolcim shares for 10 Lafarge shares has also been offered. On the date of implementation of the squeeze-out, Lafarge sh... |
Buzzi Unicem makes binding bid for SACCI15 September 2015, Published under Cement NewsBuzzi Unicem has made a second offer for fellow Italian producer SACCI to acquire its cement and ready-mix concrete business. In a statement Buzzi said it had offered a provisional price of EUR74m to be financed through liquidity on hand and/or existing credit facilities. A further variable outlay is expected on top of the original commitment which will be worth no less than EUR25m, Buzzi said. This variable outlay is connected to certain future events, most importantly the core earning... |
CRH plc completes Philippines element of LafargeHolcim transaction15 September 2015, Published under Cement NewsCRH has completed the acquisition of the assets acquired from LafargeHolcim in the Philippiness. In early August, CRH confirmed that the majority of the transactions relating to the package of assets to be acquired from LafargeHolcim were complete, with the exception of the operations in the Philippines which it advised would be finalised in 3Q15. |
Cementos Argos included in the Dow Jones Sustainability Index for the third-consecutive year11 September 2015, Published under Cement NewsThe Dow Jones Sustainability Index has selected Cementos Argos once again as one of the three most sustainable cement companies in the world. For the third-consecutive year, the company managed to get the score necessary to be included in the World and Emerging Markets Indices. For the economic dimension, Argos obtained the highest score in the industry, nearly doubling its average score, and being the best-placed company for aspects such as transparency, compliance and conduct, risk mana... |
Competition Market Authority consults on draft cement price announcement order11 September 2015, Published under Cement NewsThe Competition Market Authority (CMA) has published a draft order which would prohibit cement suppliers in Great Britain from sending generic price announcement letters to their customers. In January 2014, the Competition Commission (CC) published its final market investigation report into aggregates, cement and ready-mix concrete which required Lafarge Tarmac to sell one of its cement plants and Hanson to sell one of its ground granulated blast furnace slag (GGBS) plants to enhance compet... |