Cement News tagged under: Acquisition

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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...

Ecuador: Peru’s Cementos Yura buys stake in Unión Cementera Nacional

26 January 2015, Published under Cement News

Cementos Yura, part of Peru’s Grupo Gloria, has acquired a 63.5 per cent share in state-owned Unión Cementera Nacional of Ecuador, which will hold the balance of shares. The $230m investment will be disbursed to the Ecuadorian cement producers via a trust over the next 40 months, during which the construction will take place of a new 2400tpd clinker production line in Riobamba. "We will participate in this company with this contribution and are very optimistic that this will benefit t...

CRH announces 2014 acquisition spend of EUR0.19bn

08 January 2015, Published under Cement News

CRH announced a total 2014 acquisition and investment spend of EUR0.19bn, reflecting the completion of 21 transactions. On the divestment front, the group undertook 16 transactions and realised total disposal proceeds of EUR0.35bn. Commenting on these developments, Albert Manifold, CRH Chief Executive, said: “In August 2014 we announced a multi-year EUR1.5 billion to EUR2 billion divestment programme; the proceeds of EUR0.35bn generated in 2014 demonstrate that this programme is well underw...

Buzzi Unicem

06 January 2015, Published under Cement News

Buzzi Unicem completed the acquisition of Uralcement from Lafarge on 1 December. The addition of the 1.1Mta wet-process works at Korkinho at a cost of EUR104m gives the Buzzi Unicem subsidiary Dyckerhoff a second works in the Urals.