Cement News tagged under: Acquisition

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LafargeHolcim acquires leading Texan ready-mix concrete company

04 July 2018, Published under Cement News

LafargeHolcim has acquired Tarrant Concrete, a leading providing of ready-mix concrete in the Dallas/Fort-Worth area in Texas, USA. Jan Jenisch, CEO of LafargeHolcim: “The acquisition of Tarrant Concrete follows our Strategy 2022 – ‘Building for Growth’ by capturing growth opportunities in our most attractive markets. By being highly complementary to our existing business, Tarrant Concrete will allow us to expand our ability to serve customers in a high growth area of Texas. I very much we...

Mega Conglomerate withdraws bid to acquire Dewan Cement

03 July 2018, Published under Cement News

Pakistan’s Mega Conglomerate Private Ltd (MCPL) has reportedly withdraw its bid to buy controlling shares in two plants of Dewan Cement based in Dhabeji, Sindh and Hattar Industrial Estate, Khyber Pakhtunkhwa. The two facilities have a combined capacity of 2.89Mta. Dewan Cement is yet to comments on failure of the deal, but markets predict it may be due to high prices and change in dynamic of cement industry in country. BMA Capital has informed Pakistan Stock Exchange (PSX) that in capa...

Shree Cement budgets for United Cement acquisition

12 June 2018, Published under Cement News

Shree Cement plans a capital expenditure of INR35,000m (US$519.1m) in the current financial year including INR20,000m on the completion of the deal to acquire UAE-based United Cement Co PSC. The management of Shree Cement, led by managing director HM Bangur, has historically avoided taking over existing capacity because it is of the view that it can set up plants ground up at a much lower cost, reported Livemint. Shree will spend at least INR15,000m in the current financial year to acquire...

Colacem completes Maddaloni Cement acquisition

12 June 2018, Published under Cement News

Colacem SpA acquired on 1 June 2018 the entire share capital of Maddaloni Cement Srl, owner of a 0.3Mta cement manufacturing plant based in Maddaloni (CE), from Cementir Italia SpA (HeidelbergCement group). The transaction, which has been successfully finalised by the directors of the Colacem Board, will increase the domestic market share held by Colacem. "This step demonstrates our trust in the potential of our country and in the role cement will play as an indispensable product today...

Breedon Group Plc acquires Blinkbonny quarry

01 June 2018, Published under Cement News

Breedon Northern Ltd, a subsidiary of Breedon Group plc, has completed the acquisition of Blinkbonny Quarry (Borders) Ltd for an undisclosed sum. Blinkbonny operates a quarry and ready-mixed concrete plant near Kelso in the Scottish Borders, employing 14 people. The acquisition provides Breedon with its first quarry in the region, with approximately 2.8Mt of high-quality basalt hard rock reserves and resources and a fleet of ready-mixed concrete mixers and tippers together with a volumetr...

Asamer Baustoffe seeks buyout bid for Fabrika Cementa Lukavac

09 May 2018, Published under Cement News

Austria's Asamer Baustoffe is launching a buyout bid for Bosnia-Herzegovina-based Fabrika Cementa Lukavac, following a notice posted with the Sarajevo bourse on Tuesday, reports SeeNews. Asamer Baustoffe AG currently holds a 99.3 per cent in Fabrika Cementa Lukavac, while the remainder is in the hands of physical entities.

Shree Cement to acquire railway siding operator

01 May 2018, Published under Cement News

The board of India’s Shree Cement Ltd has approved the acquisition of Raipur Handling and Infrastructure Pvt Ltd, a private railway siding operator, for INR590m (US$8.8m). The acquisition will help the company improve the management of goods transportation on the railway network, according to a stock exchange disclosure. While the deal is subject to the approval from railway authorities, it is expected to be completed within three months of the execution of a definitive agreement, accordi...

Grinding plant and quay berths acquired by CK Infrastructure Holdings

25 April 2018, Published under Cement News

Cheung Kong Infrastructure Holdings has acquired a cement grinding station and three quay berths in Yun Fu city in Guangdong province, China, at CNY180m (US$28.5m). The agreement was made for the purchase with Chuang Dong Chemical Ltd. The facility covers an area of 68,000m 2 and it has cement grinding capacity of 1Mta. The three berths handle an average 3Mta, CKI said. CKI;s subsidiary Green Island Cement (Yunfu) will own the new assets and clinker produced by Green Island Cement in Hong ...

ArcelorMittal increases Ecocem stake

24 April 2018, Published under Cement News

Steelmaker ArcelorMittal has increased its shareholding in Ecocem France. By the end of May, ArcelorMittal will hold a 49 per cent stake in the cement company, compared to 30 per cent to date. The joint venture Ecocem France was created in 2007 by ArcelorMittal and the Irish group Ecocem Materials to develop the production of granulated blast furnace slag (GGBS), a by-product of steel manufacture by ArcelorMittal in France. Ecocem France currently operates a 0.7Mta ground slag productio...

Buzzi Unicem

04 April 2018, Published under Cement News

Buzzi Unicem’s subsidiary Dyckerhoff has agreed to acquire Portland Zement Seibel und Söhne GmbH & Co KG from the family shareholders for an estimated EUR35m. The company has a 0.7Mta cement works at Erwitte in Westphalia. The deal is subject to Cartel Office clearance, but given the fragmented state of the Westphalian cement market, this is not expected to pose a problem. Seibel primarily sells bagged cement to builders’ merchants.