Cement News tagged under: Acquisition

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Sino Energy International eyes Mozambican cement plant

23 November 2020, Published under Cement News

China-based Sino Energy International Holdings Group Ltd has signed a non-binding Memorandum of Understanding (MoU) with Sino-Harbor Construction Group (Hong Kong) Ltd for the acquisition of a 65 per cent stake in a 0.4Mta cement plant in Pemba, Cabo Delgado, Mozambique, according to its statement to the Hong Kong Stock Exchange. Sino Energy now has 120 days to review the plant’s accounts before deciding whether to sign a definitive purchase agreement, reports CE Noticias Financieras. Si...

MBCC Group acquires BASF Construction Chemicals

06 November 2020, Published under Cement News

MBCC Group has emerged from the former BASF Construction Chemicals business after its acquisition by an affiliate of global private equity firm Lone Star (Lone Star) and started operations as of 1 October 2020. The transaction between BASF and Lone Star was closed on 30 September 2020.   Lone Star is now the new owner of the business. MBCC Group has been carved out from BASF Group over the past 18 months and is now a fully-standalone organisation. MBCC Group is one of the leading s...

BCPAR joint venture buys CRH's Brazilian assets

27 October 2020, Published under Cement News

Companhia Nacional de Cimento (CNC), a wholly-owned subsidiary of BCPAR SA, company in which Buzzi Unicem holds 50 per cent of the share capital in a joint venture with Grupo Ricardo Brennand, has signed a purchase agreement for the businesses of the CRH group operating in Brazil. The CRH companies operating in Brazil own three integrated cement plants and two grinding units in the southeast. The acquisition will result in a significant strengthening of BCPAR, which also operates i...

Chryso acquires majority stake in APTEX

15 October 2020, Published under Cement News

The Chryso Group has signed of an agreement to acquire a majority stake in APTEX, a Moroccan construction chemicals company. The Chryso brand has made construction chemicals for the Moroccan market for more than 30 years, while APTEX has been operating for two years in the country, and has a production unit and an application laboratory located in Casablanca. The Chryso-APTEX joint venture will provide cement manufacturers, concrete and precast producers, applicators, construction comp...

Raysut Cement acquires 75% stake in Maldives terminal

14 October 2020, Published under Cement News

Oman’s Raysut Cement Co has announced that its has acquired a 75 per cent stake in LafargeHolcim’s cement terminal at Thilafushi Island in the Maldives. As a result, it has formed a new joint venture, Raysut Maldives Cement Pvt Ltd. The new entity, with the State Trading Organisation (STO) of Maldives owning 25 per cent, has plans to expand the terminal's capacity from 75,000tpa to over 200,000tpa. The terminal will be owned and operated by the RCC-STO joint venture entity. "The Maldiv...

FLSmidth acquires KnowledgeScape for its digital portfolio

02 October 2020, Published under Cement News

FLSmidth has acquired KnowledgeScape and its advanced solutions to expand its digital ENABLR™ portfolio. The KnowledgeScape™ portfolio has documented capabilities in increasing the total output of a processing plant by 4-10 per cent. At the same time, its solutions reduce power, water and reagent consumption, which contribute significantly to the goals of FLSmidth’s MissionZero sustainability strategy. "With this acquisition, FLSmidth reinforces a strong track record of M&A and integra...

Breedon welcomes CMA announcement on Cemex asset acquisitions

10 September 2020, Published under Cement News

Breedon welcomes today's announcement from the Competition and Markets Authority (CMA) that it has reasonable grounds for believing that the undertakings offered by Breedon in connection with its completed acquisition of certain assets and operations from Cemex, or a modified version of them, might be acceptable. These undertakings will require the divestment of a small number of ready-mixed concrete plants and an asphalt plant in England, as well as two quarries and a cement terminal in S...

CMA raises competition concerns over Breedon and Cemex deal

26 August 2020, Published under Cement News

Breedon’s purchase of certain Cemex assets has raised competition concerns in the supply of building materials in some parts of the UK, the Competition & Markets Authority (CMA) has found. Breedon announced in January 2020 that it had agreed a GBP178m deal to buy approximately 100 Cemex sites, including aggregates quarries, ready-mixed concrete facilities, asphalt plants and a cement terminal, across the UK.   Following its initial Phase 1 investigation, the CMA found that the deal gives ri...

Breedon completes asset acquisition from Cemex

03 August 2020, Published under Cement News

Breedon has completed completion the acquisition of certain assets and operations from Cemex, as announced on 8 January 2020. As previously indicated, the Competition and Markets Authority (CMA) has instructed that these assets should be held separate from Breedon until it has completed its investigation. Accordingly, the assets will be operated as Pinnacle Construction Materials (Pinnacle), a newly-created ring-fenced business led by an independent management team and operating from its o...

Xinjiang Tianshan set to acquire six CNBM subsidiaries

28 July 2020, Published under Cement News

Xinjiang Tianshan Cement Co Ltd is in talks with China National Building Material Co Ltd (CNBM), about the acquisition of six of CNBM's cement-making subsidiaries, according to a filing to the Shenzhen Stock Exchange. To complete the deal, Tianshan suspended trading of its shares on the Shenzhen Stock Exchange Monday for a period of no more than 10 days. CNBM with a cement capacity of more than 500Mta has been the largest indirect shareholder of Xinjiang Tianshan Cement Co since 2018, when...