Cement News tagged under: Acquisition

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UltraTech Cement

29 September 2015, Published under Cement News

UltraTech’s Awarpur plant in Maharasthra has been given Environment Ministry clearance to expand its capacity. The proposal will see cement capacity rise from 4.48Mta to 6Mta and clinker potential from 3.3Mta to 4.5Mta. Although the expansion will be carried out within the existing plant area, an additional 5.1MW of power is expected to be required. The company has been asked to comply with certain conditions as part of the expansion plan including installing air monitoring devices to kee...

Buzzi Unicem

03 August 2015, Published under Cement News

Buzzi Unicem is selling the remaining 50 per cent of cement additives group Addiment Italia to its joint venture partner Sika AG, which had been its partner since 2003.

Lafarge

02 July 2015, Published under Cement News

As part of the joining up with Holcim, Lafarge is acquiring Baring’s 14 per cent stake in Lafarge India for EUR270m. Lafarge’s subsidiary Ashaka Cement reported a 53.5 per cent drop in first-quarter profits to the end of March to NGN886m (US$4.5m) as insurgency disrupted operations and a prolonged rainy season reduced demand. The turnover in the perion decreased by 29.8 per cent.

UltraTech Cement

01 June 2015, Published under Cement News

Jaiprakash Associates Ltd has reportedly been given the green light by shareholders to sell two cement units in Madhya Pradesh to UltraTech Cement Ltd. The deal, which was originally penned in December last year, is believed to be worth around INR54bn (US$847m). According to press reports, UltraTech is also interested in purchasing Jaiprakash’s 2.2Mta plant in Chhattisgarh state in a deal worth INR20bn. If it receives the go-ahead, the move will boost UltraTech’s total production capacity to...

Cementos Argos

01 June 2015, Published under Cement News

Cementos Argos has reported a 3.3 per cent YoY increase in net profit to COP78.9m (US$29m) in 1Q15, driven by improved sales in the US. EBITDA in the period grew by 18 per cent while revenue advanced by 27 per cent. Around 60 per cent of the company’s income now comes from outside Colombia. Total cement sales during the quarter came in at 3.2Mt, up by 18 per cent compared to the same period last year, while ready-mixed concrete volumes improved by seven per cent to 2.5Mm 3 . Colombian cem...

Italcementi

07 May 2015, Published under Cement News

Italcementi’s North American arm, Essroc, has agreed to acquire Holcim’s slag cement grinding centre in Camden, New Jersey, and the cement terminal at Everett, Massachusetts. The proposed disposal is subject to the Holcim purchase of Lafarge going ahead. The Camden grinding centre has a capacity in excess of 0.5Mta.   

UltraTech Cement

29 April 2015, Published under Cement News

UltraTech Cement has reported a drop in its quarterly net profit for the fourth quarter ended 31 March, 2015. Profit has slipped to INR6.15bn from INR8.38bn in the same period last year. This includes a tax provision reversal of INR960m and an additional INR500m provision for deferred tax. Combined cement and clinker sales for its Indian operations over the quarter came in at 11.81Mt, a drop of three per cent YoY. During the quarter, the company has commissioned a 2Mta clinker plant in Rajas...

CRH

02 February 2015, Published under Cement News

CRH spent around EUR190m on 21 acquisitions during 2014 and raised some EUR350m from 16 disposals during the course of 2014. The biggest deal was the divestment in November of the 50 per cent interest in Denizili Çimentok to Oyak, which raised EUR170m. A number of ready-mixed concrete and concrete products plants were sold as were some property assets in six disposals. The total raised was some EUR240m. In North America, EUR110m was raised from the sale of nine investments and an asset ex...

Cemex

02 February 2015, Published under Cement News

Cemex completed the purchase Holcim’s activities in the Czech Republic and two of Holcim’s Spanish cement works and its sale of its cement, concrete and aggregates assets in western Germany along with 59 batching plants in Germany and six in The Netherlands.

Holcim

02 February 2015, Published under Cement News

Holcim completed the purchase of Cemex’ cement and aggregates assets in western Germany along with 59 batching plants in Germany and a further six in The Netherlands, while disposing of its activities in the Czech Republic and two of its Spanish cement works. Holcim is negotiating to sell most of its assets in France and all of its assets in Slovakia, Hungary, Serbia and Canada as well as certain assets in Brazil and the Trident cement works in Montana and certain terminals in the Great L...