Cement News tagged under: Acquisition

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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.

Lafarge

06 January 2015, Published under Cement News

Lafarge Africa is offering to buy out the 41.39 per cent minority in Ashaka Cement. Lafarge Africa is obliged to make the offer as it has become the new majority shareholder in Ashaka Cement following the September merger of Lafarge Cement WAPCO Nigeria and Lafarge Industries South Africa. The offer is 57 Lafarge Africa shares for every 202 shares held plus NGN2 in cash and has been recommended by the board of Ashaka Cement. Separately, Lafarge Africa has agreed to purchase Flour Mills of...

UltraTech Board approves Jaiprakash Associates MP acquisition

24 December 2014, Published under Cement News

The Board of Directors of UltraTech have approved in principle the acquisition of the Madhya Pradesh assets of Jaiprakash Associates Ltd, which represents an entreprise value of INR54bn (US$852m). The acquisition includes an integrated cement plant with a clinker capacity of 2.1Mta and a cement capacity of 2.6Mta in Bela and an integrated unit at Sidhi with clinker and cement capacities of 3.1Mta and 2.3Mta, respectively. The deal also covers a 180MW thermal power plant complex of which 1...

Swiss CemIn West acquires 96.6% of Ivano-Frankivskcement

23 December 2014, Published under Cement News

Switzerland-based CemIn West SA has bought a 96.6 per cent in Ukraine’s Ivano-Frankivskcement, according to the target company. The majority holding was bought from Cyprus-based Permixo Ltd, Basmaren Enterprises Ltd and Prenters Engineering Ltd, which sold their respective stakes of 36.98%, 20.76% and 13.3% in the Yamnitsa-based entity. Ivano-Frankivskcement closed 2013 with a net profit of UAH130.3m (US$8.2m).