Cement News tagged under: Acquisition
Calicom Industries applies to acquire Dandot Cement01 November 2018, Published under Cement NewsDandot Cement Co Ltd (DCCL) has informed Pakistan Stock Exchange that the company has received a firm intention from Calicom Industries (Pvt) Ltd, Lahore to its acquire control of DCCL and 63,542,787 voting shares (67 per cent of paid up capital) of DCCL beyond the thresholds prescribed under Section 111 of the Securities Act 2016 (the "Act"). This intention was notified to DCCL's board of directors on 31 October 2018, stated by Mr Muhamamd Kamran, Company Secretary to PSX. Calicom Ind... |
UltraTech30 October 2018, Published under Cement NewsShares in UltraTech Cement hit a 52-week low in late October following the announcement that the company has seen its consolidated net profit fall by 11 per cent YoY in 2QFY19. Net profit for the three-month period came in at INR3.76bn (US$51.29m), below analyst expectations. There was some good news as net sales advanced by 20 per cent YoY to INR81.11bn, but again this was lower than forecast. Meanwhile, the 23 per cent YoY increase in cement volumes predicted by analysts came in at just 21... |
Buzzi Unicem02 October 2018, Published under Cement NewsBuzzi Unicem has signed an agreement with Grupo Ricardo Brennand to purchase a 50 per cent stake BCPAR. This will involve a capital outlay of BRL700m (EUR144m), half of which will come in the form of a capital increase. It is expected that the deal will be concluded by the end of the year. There will be an option to acquire the remainder of the share capital during the 2025-26 period. In 2017 BCPAR generated a turnover of BRL538m (EUR110m) and an EBITDA of BRL88m (EUR18m) when 2.7Mt of ce... |
Cemex02 October 2018, Published under Cement NewsCemex USA has acquired a limestone quarry at Chico, Texas, 45 miles from Fort Worth. The 122ha site is believed to have a further 25 years of supply and the acquisition will bring the number of Texan quarries up to five. Cemex USA also has a cement works and 30 concrete batching plants in the state. |
LafargeHolcim acquires leading Texan ready-mix concrete company04 July 2018, Published under Cement NewsLafargeHolcim has acquired Tarrant Concrete, a leading providing of ready-mix concrete in the Dallas/Fort-Worth area in Texas, USA. Jan Jenisch, CEO of LafargeHolcim: “The acquisition of Tarrant Concrete follows our Strategy 2022 – ‘Building for Growth’ by capturing growth opportunities in our most attractive markets. By being highly complementary to our existing business, Tarrant Concrete will allow us to expand our ability to serve customers in a high growth area of Texas. I very much we... |
Mega Conglomerate withdraws bid to acquire Dewan Cement03 July 2018, Published under Cement NewsPakistan’s Mega Conglomerate Private Ltd (MCPL) has reportedly withdraw its bid to buy controlling shares in two plants of Dewan Cement based in Dhabeji, Sindh and Hattar Industrial Estate, Khyber Pakhtunkhwa. The two facilities have a combined capacity of 2.89Mta. Dewan Cement is yet to comments on failure of the deal, but markets predict it may be due to high prices and change in dynamic of cement industry in country. BMA Capital has informed Pakistan Stock Exchange (PSX) that in capa... |
Shree Cement budgets for United Cement acquisition12 June 2018, Published under Cement NewsShree Cement plans a capital expenditure of INR35,000m (US$519.1m) in the current financial year including INR20,000m on the completion of the deal to acquire UAE-based United Cement Co PSC. The management of Shree Cement, led by managing director HM Bangur, has historically avoided taking over existing capacity because it is of the view that it can set up plants ground up at a much lower cost, reported Livemint. Shree will spend at least INR15,000m in the current financial year to acquire... |
Colacem completes Maddaloni Cement acquisition12 June 2018, Published under Cement NewsColacem SpA acquired on 1 June 2018 the entire share capital of Maddaloni Cement Srl, owner of a 0.3Mta cement manufacturing plant based in Maddaloni (CE), from Cementir Italia SpA (HeidelbergCement group). The transaction, which has been successfully finalised by the directors of the Colacem Board, will increase the domestic market share held by Colacem. "This step demonstrates our trust in the potential of our country and in the role cement will play as an indispensable product today... |
Breedon Group Plc acquires Blinkbonny quarry01 June 2018, Published under Cement NewsBreedon Northern Ltd, a subsidiary of Breedon Group plc, has completed the acquisition of Blinkbonny Quarry (Borders) Ltd for an undisclosed sum. Blinkbonny operates a quarry and ready-mixed concrete plant near Kelso in the Scottish Borders, employing 14 people. The acquisition provides Breedon with its first quarry in the region, with approximately 2.8Mt of high-quality basalt hard rock reserves and resources and a fleet of ready-mixed concrete mixers and tippers together with a volumetr... |
Asamer Baustoffe seeks buyout bid for Fabrika Cementa Lukavac09 May 2018, Published under Cement NewsAustria's Asamer Baustoffe is launching a buyout bid for Bosnia-Herzegovina-based Fabrika Cementa Lukavac, following a notice posted with the Sarajevo bourse on Tuesday, reports SeeNews. Asamer Baustoffe AG currently holds a 99.3 per cent in Fabrika Cementa Lukavac, while the remainder is in the hands of physical entities. |