Cement News tagged under: merger
PPC30 August 2017, Published under Cement NewsPPC Zimbabwe recorded its highest monthly volumes in seven years in June 2017. In the year ended 30 June 2017, the company also saw double-digit volume growth, following a new US$82m grinding plant in Harare, which boosted the company’s production capacity in the country to 1.4Mta. Across Africa PPC has seen double-digit volume growth compared to last year, with revenue and EBITDA also both ahead. In Ethiopia, where PPC cement production only began in June this year, more than 100,000t of... |
PPC28 March 2017, Published under Cement NewsAfriSam is reportedly appointing a new chief executive officer to help pave the way for the company’s proposed merger with PPC. Stephen Olivier, AfriSam’s existing CEO, is to be replaced on a short-term basis by Rob Wessels, a former chief investment officer at AfriSam’s partner Phembani Group, until the permanent candidate is announced. Last month the two companies revived talks of a merger, an idea that was abandoned two years ago. With both companies tackling poor pricing in their home... |
PPC27 February 2017, Published under Cement NewsSouth African cement manufacturer PPC is reportedly in talks with its nearest rival AfriSam Group over a possible merger. Merger talks first took place in 2014 when PPC’s share price came under pressure. Today PPC is valued at around US$823m and has borrowed heavily of late to build new capacity in Ethiopia, Rwanda, Zimbabwe and the Democratic Republic of Congo. However, the slow implementation of infrastructure investment in its home market and the loss of its investment grade debt ratin... |
HeidelbergCement merges HC Trading and Interbulk Trading23 November 2016, Published under Cement NewsFollowing the acquisition of Italcementi by HeidelbergCement Group, HC Trading and Interbulk Trading have merged their operations into a new company with a total turnover of round US$1.4bn (based on 2015 trade volumes). The merger of HC Trading and Interbulk Trading under the entity of HC Trading BV will carry the group’s international trading activities, specialising in cement, clinker, coal and petcoke, one step further by expanding the trade network and improving its position in the ma... |
India: Dalmia OCL merger07 November 2016, Published under Cement NewsThe boards of Dalmia Bharat Ltd and OCL India have decided to merge the two entities, creating the fourth-largest cement manufacturer in India with a total capacity of 25Mta and annual revenues of approximately INR100bn (US$1.5bn). OCL will merge with Dalmia Bharat and will issue fresh shares for public shareholders in lieu of their ownership in OCL. Public shareholding in OCL stands at a little over 25 per cent. Dalmia Bharat will not be issuing any fresh shares against its own 74.9 per ... |
China National Building Materials (CNBM)19 October 2016, Published under Cement NewsCNBM’s recent merger with China National Materials Group Corp is creating China’s largest building materials company with total assets of more than US$82bn.The merger is part of the wider trend of cement producer consolidation currently taking place in China. The China Cement Association (CCA) prepares to tackle overcapacity through consolidation. The CCA has announced that by 2020 more than 60 per cent of the China’s cement production capacity will be controlled by the top 10 compani... |
China: consolidation on production capacity by 202010 October 2016, Published under Cement NewsThe China Cement Association (CCA) has advised that the merger of leading cement companies will likely concentrate the industry’s capacity, informing that government that by year end 2020 more than 60 per cent of production capacity would be controlled by the top 10 companies. President of the CCA, Qiao Longde, said, “there are too many cement enterprises, which makes it very hard to utilise resources effectively." The industry is experiencing low efficiency and fragmentation as most plan... |
China National Building Materials (CNBM)27 September 2016, Published under Cement NewsChina National Building Materials (CNBM) group’s merger with China National Materials (Sinoma) group has been approved. An official merger ceremony was held in Beijing at the end of last month. According to Cao Jianglin, president of CNBM, the new company will have total assets of about CNY550bn (US$83.4bn) with annual revenue of approximately CNY300bn and 250,000 employees. Despite CNBM seeing revenue fall by nine per cent YoY in the January-June period this year, observers say that Augu... |
HeidelbergCement02 September 2016, Published under Cement NewsTo eliminate monopoly issues in the USA caused by the acquisition of Italcementi, HeidelbergCement has agreed to sell the cement works at Martinsburg, West Virginia, and eight cement terminals to Cementos Argos for US$600m. This transaction is expected to be completed during the final quarter of this year. HeidelbergCement has agreed to sell its aggregates operations in the Gothenburg region to Swerock, a subsidiary of the Swedish contracting group Peab, for around EUR11.6m, with the deal... |
Belarusian Cement to merge with Minsk Silicate Materials26 August 2016, Published under Cement NewsBelarusian Cement Plant, located in the Kostiukovichi Mogilev region, is set to incorporate OAO Minsk Silicate Materials Plant. The merger is due to be finalised by December 2016. The Belarusian Cement Plant will increase its statutory capital by issuing 287,227 supplementary shares valued at BYN10 (US$4.97) each. These will be transferred to the state, expanding the state-owned stake in the cement company from 99.45 to 99.46 per cent. |