As part of the same agreement, Cemex is acquiring Cementir’s two subsidiaries in Poland active in ready-mixed concrete and aggregates. These operate nine batching plants and last year sold 0.46m m³ of ready-mixed concrete, achieving a turnover of €20.2m and contributing an EBITDA of €1.1m. The Polish deal is also subject to official clearance, but this is unlikely to pose a problem as HeidelbergCement is not that far behind the former RMC operations in terms of ready-mixed concrete volumes and both Buzzi Unicem and Lafarge also have sizeable downstream operations on top of which there are a number of independent producers.
Assuming both deals are completed, Cementir’s ready-mixed concrete arm Unicon will pay Cemex around €10m, reflecting the higher volumes and profits of the Danish business. Cementir is the sold cement producer in Denmark and has no cement involvement in Poland, other than some exports, while Cemex has considerable cement interests in Poland, inherited when it acquired the RMC Group.
