Cement News tagged under: Acquisition
Companies circle for InterCement's assets26 February 2024, Published under Cement NewsCompanhia Siderúrgica Nacional (CSN) and a consortium led by Votorantim Cimentos , including Polimix and Buzzi, have made binding proposals for the purchase of the assets in Brazil of Loma Negra 's parent company InterCement Participações (InterCement), according to a local source. InterCement has commented that it has received a series of inquiries and expressions of interest in its assets during recent months. BTG Pactual Bank is assisting in evaluating strategic alternatives, such... |
Qassim Cement Co is to acquire all of Hail Cement Co's shares20 February 2024, Published under Cement NewsTwo cement producers in Saudi Arabia are in the amalgamation process and have informed their intention with limited details to the local bourse. According to a notification of both firms at the Saudi Exchange, Qassim Cement Co (QCC) is to acquire all of Hail Cement Co ’s shares. Concerning the announcement made by Hail Cement Co (HCC) on the Saudi Exchange website recently regarding the entry into a binding implementation agreement (the “Implementation Agreement”) with Qassim Cement Co... |
Gamma Civic and Cemindo Gemilang acquire Cementis Madagascar14 February 2024, Published under Cement NewsCementis (Madagascar) SA has been acquired by Mauritius-based Gamma Civic Ltd, in collaboration with its Indonesian strategic partner, Cemindo Gemilang. The new company will be renamed as Alpha Ciment SA and is expected to significantly reduce cement imports. Gamma Civic established itself in Madagascar in 2021 through its subsidiary Kolos Madagascar, marketing the Mafonja brand. Meanwhile, Cemindo Gemilang operates eight cement plants in Indonesia and one in Vietnam, producing 15Mta of ... |
TITAN acquires pozzolana quarry31 January 2024, Published under Cement NewsTITAN Cement International (TCI) has acquired concession rights in Vezirhan Pozzolana Quarry, in East Marmara, Turkey. The acquisition will expand the portfolio of low-carbon cementitious products available to its customers. This reinforces TITAN's 2026 growth strategy, which focusses on doubling the volume of green cements and expediting the market launch of new green products and cementitious solutions. The current acquisition follows the one of a participation in Aegean Pe... |
Adani Cement acquires Sanghi Industries in west coast expansion06 December 2023, Published under Cement NewsAdani Cement Ltd has secured a 54.51 per cent stake in Sanghi Industries and will look to harness operational synergies from this acquisition, according to the company. The primary objectives for the acquisition include boosting efficiency, minimising costs, and fostering a sustainable approach to cement production. Sanghi Industries’ expansive Sanghipuram integrated manufacturing plant spans 2700ha, making it India's largest single-location cement and clinker production facility. The... |
UltraTech Cement to acquire Kesoram Industries Ltd's demerged cement business01 December 2023, Published under Cement NewsKesoram Industries Ltd has decided to demerge its cement business and has approached UltraTech Cement Ltd in relation to the same. The Board of Directors of UltraTech, after considering the recommendation and report of the Audit Committee and the Committee of Independent Directors, at its meeting held on 30 November 2023, considered Kesoram’s proposal and have approved a Composite Scheme of Arrangement to demerge Kesoram's cement business into Ultra Tech Cement. |
Burnpur Cement Ltd acquisition increases UltraTech Cement's capacity30 November 2023, Published under Cement NewsUltraTech Cement has acquired a 0.54Mta cement grinding assets of Burnpur Cement Ltd, located at Patratu in Jharkhand, India, at a consideration of INR169,790m. This investment marks the company’s entry in the state of Jharkhand. With this acquisition, UltraTech Cement's capacity in India now stands at 133Mta. |
PPC sells Cimwera to National Cement Holding Ltd for US$42.5m20 November 2023, Published under Cement NewsPPC Ltd has completed the sale of its 51 per cent stake in Rwandan cement producer Cimerwa to National Cement Holding Ltd for a cash consideration of US$42.5m. The deal is a significant step in PPC's strategic shift to focus on its southern African operations and improve its financial leverage. The share transfer is set to take place seven business days after the necessary conditions are met, including notifications and clearances from the Common Market for eastern and southern Africa (... |
Holcim arrange shareholding agreement for Elite Cementos09 November 2023, Published under Cement NewsThe shareholders of the company Élite Cements SL , Grupo Simetry and Holcim España, have reached an agreement by which Holcim acquires the entire share capital of Élite Cements, thus becoming the sole partner of the company. Elite Cementos, located in the port of Castellón-el Grao, will continue to operate under the same brands and will continue its commercial activity, under Holcim Spain . For its part, Simetry Group continues with its diversification strategy. In recent years, Si... |
Grupo UNACEM completes Tehachapi acquisition03 November 2023, Published under Cement NewsGrupo UNACEM has successfully completed the acquisition of the 0.9Mta Tehachapi integrated cement plant, located in California, USA. This significant milestone enables the Peruvian cement producer to double its installed capacity and strengthen its position in the competitive southwestern market in the United States. Grupo UNACEM has extended a warm welcome to the Tehachapi cement plant and its 115 dedicated workers. “We are confident that, by working together, we will enhance... |