Cement News tagged under: divestment
LafargeHolcim Le Havre site up for sale28 February 2022, Published under Cement NewsInstalled in 1969 along the canal in the industrial port area of Le Havre, the former LafargeHolcim cement plant is being dismantled. The plant had been converted in 2016 to a centre for grinding imported clinker. A call for expression of interest has been launched by Haropa port to find a buyer for the 24.3ha site. Deadline for applications is 11 March 2022, with a possible award scheduled during the summer. |
Holcim divests Northern Ireland cement business26 January 2022, Published under Cement NewsHolcim has sold its Northern Ireland cement business to Cookstown Cement Ltd for more than GBP55m, reports the BBC. Cookstown Cement Ltd is a new local business that has acquired all of the business of Lafarge from Aggregate Industries (Holcim group). The deal includes a cement plant and limestone quarry in Cookstown, a shale quarry in Dungannon and a facility at Belfast Harbour. The new owners have committed to invest GBP12m in the facilities to upgrade environmental capabilitie... |
Cemex and Cementos Progreso see growth scenarios07 January 2022, Published under Cement NewsAt the end of last year, Cemex agreed to the sale of its Costa Rica and El Salvador operations to Guatemala's Cementos Progreso for US$335m. ICR discusses the ongoing Cemex strategy of Operation Resilience and considers how the new assets will fit in with Cementos Progreso's portfolio. Cemex's divestment included the sale of one fully-integrated cement plant, one grinding station, seven ready-mix plants an aggregate quarry and a distribution centre in Costa Rica as well as a distribut... |
Cemex to sell Costa Rica and El Salvador operations to Cementos Progreso30 December 2021, Published under Cement NewsMexico-based Cemex has signed an agreement for the sale of its operations in Costa Rica and El Salvador with Guatemala’s Cementos Progeso Holdings, for the amount of US$335m, to be completed in the first quarter of 2022. The assets up for sale include an integrated cement plant, a grinding station, seven concrete plants, an aggregates quarry and a distribution centre in Costa Rica as well as a distribution centre in El Salvador. The disposal of the operations are in line with Cemex’s str... |
Boral sells US fly ash business for US$755m06 December 2021, Published under Cement NewsBoral has called time in the US after more than 40 years with the sale of its fly ash business to Eco Material Technologies for US$755m, as it focuses on its construction materials business back in Australia. Chief executive Zlatko Todorcevski says the group’s ongoing divestment programme has now “unlocked substantial value”. “Together with the sale of the North American Building Products business and our stake in Meridian Brick … we will have divested the North American busines... |
HeidelbergCement increases divestments with 'Beyond 2020' strategy03 December 2021, Published under Cement NewsThe reorganisation of HeidelbergCement is gradually taking shape as the company seeks to prioritise its strongest markets as part of its 'Beyond 2020' strategy. This week, HeidelbergCement made another divestment, selling its 50 per stake in the 0.5Mta Sierra Leone Cement Ltd (Leocem) subsidiary to the Diamond Cement Group (WACEM). West Africa is a highly active marketplace and the German multinational will maintain a strong presence in the region with facilties in Ghana, Liberia, Togo,... |
Holcim divests Zambian subsidiary to Huaxin Cement02 December 2021, Published under Cement NewsHolcim has closed the sale of its business in Zambia, representing a 75 per cent stake in the company, to the Chinese cement group Huaxin for an enterprise value of US$150m for 100 per cent ownership of the company. The deal was closed following approvals from Chinese and Zambian authorities. Jan Jenisch, Holcim CEO: said “This divestment is another step in our transformation to become the global leader in innovative and sustainable building solutions giving us the flexibility to con... |
HeidelbergCement agrees sale of Sierra Leone subsidiary01 December 2021, Published under Cement NewsHeidelbergCement has signed an agreement to sell its subsidiary Sierra Leone Cement Corp Ltd (Leocem) to the Diamond Cement Group. The sale includes a cement grinding plant with two grinding mills. The Freetown cement plant has a capacity of ~500,000tpa. HeidelbergCement holds 50 per cent of the shares in the company and has full management responsibility. The divestment is part of HeidelbergCement’s ongoing portfolio optimisation and margin improvement programme within its ‘Beyo... |
Holcim divests Brazilian business10 September 2021, Published under Cement NewsHolcim has signed an agreement with Companhia Siderúrgica Nacional (CSN) for the divestment of its business in Brazil for an enterprise value of US$1.025bn. The deal includes Holcim’s five integrated cement plants, four grinding works, six aggregates sites and 19 RMC facilities, according to a press release. "This divestment is another step in our transformation to become the global leader in innovative and sustainable building solutions giving us the flexibility to continue investing in a... |
Sinai Cement approves Sinai White Portland Cement exit21 June 2021, Published under Cement NewsSinai Cement Co approved the sales of its shares in Sinai White Portland Cement Co based on the fair value of Sinai White’s share, according to a filing to the Egyptian Exchange. Sinai Cement Co held a general assembly on 17 June to ratify the business continuity of the company as well as its financial results for 2019 and 2020. It incurred a consolidated net loss before minority interests of EGP147.976m in the first quarter of 2021. |