Malaysia: Lafarge Malaysia buys local Holcim company

Malaysia: Lafarge Malaysia buys local Holcim company
23 November 2015

Lafarge Malaysia Bhd has bought Holcim (M) Sdn Bhd from PT Holcim Indonesia in a deal worth MYR325.5m (US$75.5m). Lafarge Malaysia Bhd now becomes part of the LafargeHolcim Group, the biggest materials firm globally.

According to Lafarge, this newly-combined unit of Lafarge and Holcim Malaysia provides the most comprehensive network of facilities and widespread solutions in Malaysia. The joint entity grows the firm's standing as the preferred partner with technical expertise, support and experience for challenging construction projects.

Lafarge Malaysia said: “With this merger, our annual installed cement capacity will rise to 14.14Mt from 12.95Mt through the combined strength of three integrated cement plants, two grinding stations, over 40 ready-mix concrete batching plants and six aggregate quarries.”

Published under Cement News