Cement News tagged under: acquisitions
Cementir to acquire HeidelbergCement’s Belgian operations25 July 2016, Published under Cement NewsCementir has announced that it is to acquire HeidelbergCement’s Belgian assets for an enterprise value of EUR312m (US$342m). The deal primarily consists of Compagnie des Ciments Belges SA and is subject to the European Commission giving its approval. HeidelbergCement has been obliged to sell its Belgian operations as part of the process of acquiring Italcementi. In 2015 the assets generated pro forma sales of EUR180m (US$197m) on sales of 1.8Mt of cement, 4.8Mt of aggregates and 0.8Mm 3 ... |
India: Nirma to acquire Lafarge India for US$1.4bn11 July 2016, Published under Cement NewsLafargeHolcim has announced that it has reached agreement with Nirma Group for the sale of Lafarge India. The deal - valued at US$1.4bn - will see Nirma acquire assets that include 11Mta of grinding capacity and several limestone quarries. Nirma has won out against four other bidders: China’s Anhui Conch, Mexican firm Cemex, and domestic firms JSW Cement and Piramal Group. The Competition Commission of India still needs to approve the move, but given Nirma’s small existing presence in the... |
India: Birla eyes September completion of Reliance acquisition11 July 2016, Published under Cement NewsBirla Corporation has said that it expects to complete its acquisition of Reliance Cement by September, Gulf Today reports. The US$711m deal was initially struck in February 2016 and will raise Birla’s cement capacity from 10Mta to 15.5Mta, as well as securing access to mineral concessions. A group of Birla shareholders took the company to court in an effort to block the deal, but this was rejected by the Kolkata High Court in May. Birla Corporation chairman Harsh V Lodha said: “The ac... |
CRH02 February 2016, Published under Cement NewsCRH raised some EUR960m from disposals during 2015, of which the disposal of the British and American clay operations accounted for EUR430m. The next biggest divestment was the sale of a 25 per cent interest in the sole cement producer in Israel. It spent some EUR8m on 22 acquisitions during 2015, notably the assets acquired from Holcim and Lafarge and CR Laurence in North America. In addition, a ready-mixed concrete joint venture was set up in Saint Petersburg, Russia, a concrete paving ... |
Limak plans EUR1bn Africa spending spree18 December 2015, Published under Cement NewsTurkey's Limak Cement is currently in talks to acquire African cement operations to the value of EUR1bn, according to senior executive quoted by Reuters. While there was no certainty that the deal would go ahead, the Turkish cement producer has reportedly signed a confidentiality agreement relating to the acquisition from an international cement company. "A global cement firm is considering selling its facilities in three African countries... We are seriously interested and have signed a c... |
Blazing the acquisition trail14 December 2015, Published under Cement NewsNorth American construction materials company Summit Materials has been engaged in an impressive phase of expansion, enhancing its portfolio both organically and through acquisitions. Having effectively doubled its cement capacity through the recent purchase of a 1.2Msta cement plant in Davenport, Iowa, Summit Materials President and CEO, Tom Hill, speaks to ICR about the timely nature of the deal, how it fits with the company’s vertical integration model and plans for growth. Followi... |
HeidelbergCement02 July 2015, Published under Cement NewsHeidelbergCement has commented on rumours that it is in advanced talks to acquire Jaiprakash’s Sikandarabad works in Uttar Pradesh, saying that "There are no such proposals at the moment". HeidelbergCement is also being mentioned as a possible buyer of one of the two Indian plants that Holcim and Lafarge have been instructed to sell if the merger goes through. |
The year ahead...12 January 2015, Published under Cement News2015 has got off to something of a bumpy start with sharply-declining oil prices (below US$50/bbl at the time of writing), on-going geopolitical risks (eg Russia and Syria), and economic uncertainty in some key regions, most notably the eurozone. China will continue to be the focus of attention as its government tries to engineer a smooth transition from an investment-driven to consumption-led economy. This will have big implications for cement demand, which has been a major beneficiary of ... |
CRH first-half development spend EUR0.25bn03 July 2012, Published under Cement NewsCRH plc has completed 18 acquisition and investment initiatives undertaken during the first-half of 2012. The 18 transactions, comprising five in Europe and 13 in the Americas, bring first-half development spend for the Group to approximately €0.25bn, the group said in a development strategy update today. The European deals amounted to an investment of EUR155m. These transactions include a significant addition in Germany to the company’s RMI-oriented Shutters & Awnings business and two ac... |