Cement News tagged under: Acquisition

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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.  

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.