LafargeHolcim will create Indian market leader

LafargeHolcim will create Indian market leader
21 April 2014

The merger of Lafarge and Holcim will create the largest producer in India, overtaking the current leader, UltraTech Cement, according to a report in The Economic Times of India.

Currently, Holcim controls ACC and Ambuja Cements, while Lafarge operates around 8Mta capacity, concentrated in the east of the country.

After the merger, the combined Lafarge Holcim entity plus UltraTech would represent 40 per cent of total domestic production capacity, which will prompt the Competition Commission of India to scrutinise the deal and behaviour of the new group for evidence of anti-competitive practice.

It is possible, the report notes, that Holcim will opt to run the unlisted Lafarge operations as a separate business unit to avoid tax implications.

Published under Cement News

Tagged Under: Lafarge Holcim India