Cement News tagged under: Acquisition

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Buzzi Unicem

03 October 2014, Published under Cement News

Buzzi Unicem is to acquire, through its subsidiary Dyckerhoff, the 100 per cent interest in Uralsement from Lafarge for EUR104m in cash. The deal, which still requires regulatory approval, is expected to be completed later this year. The single plant has a capacity of 1.1Mta and is located near the town Korkino some 40 km south of Chelyabinsk and has ample raw material reserves. When completed, Buzzi Unicem should have a Russian cement capacity of some 4.5Mta, all in the Urals.

Fiji: Holcim JV sells stake in Pacific Cement Ltd

19 September 2014, Published under Cement News

South Pacific Cement, a joint venture between Holcim New Zealand and Fletcher Building Ltd, has sold its 47 per cent stake in Pacific Cement Ltd (PCL) to the Vinod Patel Group. PCL is a joint venture with Fijian Holdings Ltd (FHL), which holds a 51 per cent stake. The balance of shares is owned publicly. The company was the first cement manufacturer in the country with a production capacity of 0.2Mta. FHL group chairman, Iowane Naiveli said the Vinod Patel Group had become a strategic...

Argos considers acquiring Holcim and Lafarge Latin America divestments

15 August 2014, Published under Cement News

Colombia's Cementos Argos is currently looking into acquiring the assets Lafarge and Holcim are planning to sell in Latin America, particularly Mexico and Brazil. However, it has not yet finalised any negotiations. "We are firstly interested in looking at Mexico and Brazil," said José Alberto Vélez, president of the Argos Group, in the local newspaper La República. "We have been watching with interest and enthusiasm, but have nothing concrete yet." Earlier this month, Holcim and Lafarge...

STC eyes Holcim Mauritius acquisition

28 July 2014, Published under Cement News

In the latest step towards to completing the LafargeHolcim merger, Holcim Mauritius could become a public-private partnership (PPP) while the State Trading Corporation (STC) could re-enter the island's cement market at the same time. STC would be willing to buy the 51 per cent stake in Holcim Mauritius put up for sale, according to Defimedia.The balance of shares is owned by Gamma-Civic. The presence of STC in the market would offer a greater price control as it will control the entire...

Pakistan: Kohat Cement Co interested in 76% Lafarge Pakistan stake

05 May 2014, Published under Cement News

Pakistan's Kohat Cement Company announced that it will participate in the bidding process for the acquisition of 1.1bn ordinary shares of PKR10 each of Lafarge Pakistan, representing 75.86 per cent of the total issued and paid-up share capital of Lafarge Pakistan, according to local news service The News. Vision Holdings Middle East, which holds a 47 per cent stake in Pioneer Cement, and DG Khan Cement have also expressed interest in acquiring the stake from Lafarge subsidiary Sofima SA. ...

Semen Indonesia allocates Myanmar spend

21 April 2014, Published under Cement News

PT Semen Indonesia has allocated US$200m for the acquisition of a cement plant in Myanmar, Agung Wiharto, corporate secretary of the Indonesian cement group has revealed. The deal will not be completed this month, as previously expected, but due diligence is currently underway. In an interview with The Jakarta Post, Mr Wiharto said that Myanmar’s cement demand stood at between 8-9Mta, while cement producers could only supply half that volume. "They've imported cement from Thailand and China...

Cementos Molins cuts back in Spain while expanding in foreign markets

13 February 2013, Published under Cement News

As the Spanish construction crisis shows no sign of abatement, Cementos Molins expects to continue the adjustment in its Spanish workforce. The company’s vice-president and CEO Joan Molins said the company would be restructuring its operations, cutting back in Spain and increasingly shifting its focus to foreign markets.  He announced new projects in Uruguay, Brazil, Mexico and Tunisia. Over the past five years, the firm increased its number of employees abroad from 2500 to 3200.  In a...

Portland Valderrivas explores sale of Cemento Lemona to CRH

13 February 2013, Published under Cement News

Spain’s Cementos Portland Valderrivas is currently considering the sale of its Basque subsidiary Cementos Lemona to the Irish multinational CRH. Yesterday, CRH directors visited the facilities of Prefabricades Lemona. This follows a visit last month to the Lemona’s quarries and cement plant, according to Spanish daily El País. Sources indicate that after months of negotiation, the acquisition process is in its final stages although there has been no confirmation of the sale yet. Portla...

Tightening belts at CRH

09 January 2013, Published under Cement News

The Irish building materials company CRH Plc plans to make €300m in savings between 2013-15 by focussing on reducing energy costs, rationalising capacity and continuing its acquisitions programme. At 7Mta clinker capacity, the Shuangyang cement plant in Jilin province is the largest in northeastern China and part of the 26 per cent CRH-owned Yatai Cement With over 700 acquisitions to-date, growth through vertical integration has become synonymous with the success of Irish con...

IL&FS Trust Co ups stake in India’s Deccan Cement

21 November 2012, Published under Cement News

Deccan Cement reported that IL&FS Trust Company increased its stake in the Indian cement producer by 2.01% to 19.82%.  The transaction, understood to have taken place between February and November, added 1.4 lakh shares to the 1,247,000 shares already owned by IL&FS Trust Company.