Cement News tagged under: Acquisition

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Ssangyong Cement creditors reject Taiheiyo offer

18 December 2015, Published under Cement News

The administration responsible for selling South Korea's Ssangyong Cement is likely to reject an offer made by Japan’s Taiheiyo Cement Corp, Ssangyong’s second-largest shareholder, to acquire all its shares. It was based on the judgment that the Japanese cement maker's offer was intended to obstruct the sale.  "The offer by Taiheiyo to take over all the Ssangyong Cement stake is equivalent to saying Ssangyong must accept its claims of preemption right currently in dispute in the court," c...

LafargeHolcim

02 December 2015, Published under Cement News

LafargeHolcim is making an offer to acquire the shares in the Greek Heracles Cement SA. The offer runs until 11 December and, if successful, the Heracles Cement shares would be de-listed from the Athens stock exchange. Lafarge Malaysia Bhd has bought Holcim Malaysia from Holcim Indonesia for EUR69.8m. With the addition of Holcim Malaysia, Lafarge Malaysia now has a cement capacity of 14.14Mta and operates three integrated cement works, two grinding centres, six aggregates quarries and in ...

Algeria: Beni Saf acquires three quarries

23 November 2015, Published under Cement News

Société des Cements de Beni Saf has acquired three quarries to supply its second production line. The Dhayet Smaâ quarry has an estimated limestone reserve of 78.66Mt. In addition, the clay deposits of Koudiet El Tine (24.3Mt) and El Ancer will also supply the 2Mta cement line. The cement producer has acquired the quarries, which cover an area of 370ha, for a record DZD1.005bn (US$9.3m). Exploration work will be carried by CETIM, the Centre for Study and Technology Service of the Constr...

LafargeHolcim

02 November 2015, Published under Cement News

Lafarge Africa has now completed the acquisition of the outstanding 30 per cent of United Cement Company of Nigeria from Flour Mills of Nigeria to make it a wholly-owned subsidiary. United Cement is currently in the process of building a 2.5Mta production line, which will double its annual capacity to 5Mta. Lafarge Africa’s turnover improved by 5.5 per cent to NGN168,400m (EUR758m) in the first nine months of the year while the pretax profit declined by 11.6 per cent to NGN33,670m (EUR151.6m...

HeidelbergCement

02 November 2015, Published under Cement News

HeidelbergCement’s Polish subsidiary Gorazdze Cement is proposing to acquire Duda Kruszywa, an aggregates producer, and Duda Beton, ready-mixed concrete, from Opole-based JD. For the deal to be approved, the Polish competition authorities demands that Gorazdze Cement disposed of a batching plant in Olszowa.

Heidelberg's European bet

22 October 2015, Published under Cement News

Following the completion of the LafargeHolcim merger in mid-July, less than a fortnight later, HeidelbergCement announced its intention to buy Italcementi. The acquisition would consolidate HeidelbergCement’s no 2 position in the cement industry and regain its market leadership in the aggregates sector. ICR examines the drivers behind this latest M&A activity in the cement industry. With the Italcementi acquisition, HeidelbergCement takes a punt at the forecast Mediterranean recovery ...

CRH

01 October 2015, Published under Cement News

CRH completed the acquisition of certain assets in the Philippines on 14 September, the largest of which is Lafarge Republic.  CRH has secured a EUR484m investment by Abostiz Equity Partners, a Philippine conglomerate, into the business as a shareholder. 

Buzzi Unicem

01 October 2015, Published under Cement News

Buzzi Unicem has submitted an offer to acquire the cement and concrete operations of SACCA SpA. These consist of five cement works with an approximate market share of six per cent, three idle cement terminals and 27 ready-mixed concrete batching plants, mainly in central Italy.  Provisionally, the operations have been valued at EUR74m. 

Italcementi

01 October 2015, Published under Cement News

Italcementi has sold its 5.24 per cent stake in West China Cement for HKD341m (EUR38.5m).  The stake had been held through CimFra (Chine) Ltd.

LafargeHolcim

01 October 2015, Published under Cement News

Lafarge Malaysia is spending MYR330m (EUR68.5m) to acquire Holcim (Malaysia). This deal would raise Lafarge Malaysia’s capacity from 12.95Mta to 14.14Mta.