Cement News tagged under: Acquisitions

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Ambuja Cement to support cement activities with RMC and aggregate acquisitions

15 July 2019, Published under Cement News

LafargeHolcim-owned Ambuja Cement is looking to acquire capacity in ready-mix concrete (RMC) and aggregates business to fuel growth, according to The Business Standard, citing a company official. Analysts see the move as a step towards being a building materials company and not solely a cement maker. “Globally, cement giants have looked at developing a building materials image and not just as a cement manufacturer and the focus of Ambuja (Holcim Group) appears to be on similar lines. The fo...

Where will LafargeHolcim reinvest?

05 July 2019, Published under Cement News

In the last year LafargeHolcim has been disposing of assets in the cement market in which it no longer sees long-term value. This has meant the US$917m sale of its 80.6 per cent share holding in PT Holcim Indonesia to PT Semen Indonesia as well as its 51 per cent stake in Lafarge Malaysia for US$365m and the disposal of its 91 per cent holding in Holcim Singapore to YTL Cement. Closure of the sale of Holcim Philippines Inc to San Miguel Corp for US$2.5bn is expected to be completed in ...

Schwenk Zement to exit Namibia

18 March 2019, Published under Cement News

This week, ICR learned that the Namibian cement market was in the process of change with Schwenk Zement's 0.7Mta Ohorongo plant now expected to come under control of International Cement Group (ICG), a Singapore-based company owned by Compact Metal Industrial Plc. ICG aims to acquire 69.83 per cent in Ohorongo Cement, subject to approval by the competition authorities. The remaining 30.17 per cent of shares are held by the Development Bank of Namibia and other South African shareholders. ...

GCC looking for additional US assets

27 February 2019, Published under Cement News

Grupo Cementos de Chihuahua (GCC) is exploring options for mergers and acquisitions in different markets, particularly the USA, according to CE Noticias Financieras. "In terms of growth in the US we are actively seeking expansions, mergers and acquisitions and that does not necessarily exclude completely that we could not expand through special capex," said GCC Director Enrique Escalante. In June 2018 GCC acquired the 0.315Mta Trident cement plant in Three Forks, Montana, from CRH.

Vicat

04 February 2019, Published under Cement News

Vicat subsidiary Sinai Cement is to invest up to a further EUR30m to meet the increasing demand for the company’s products. In Brazil Vicat has completed the purchase of a 64.74 per cent interest in Cimento Planalto, which operates a 3.2Mta cement works near Brasilia, nine ready-mixed concrete plants and five sites for extracting aggregates.  

Semen Indonesia to buy LafargeHolcim’s Indonesian unit

13 November 2018, Published under Cement News

Indonesia's largest cement producer, Semen Indonesia, is buying the local business of LafargeHolcim for around US$940m. LafargeHolcim is disposing of its entire 80.6 per cent shareholding in Holcim Indonesia. The transaction will merge the operations of Indonesia's largest and third-largest players, representing a significant consolidation in the industry. PT Semen Indonesia currently holds 40.8 per cent of the market while PT Holcim Indonesia has a market share of 14.6 per cent. The deal ...

Vicat

02 October 2018, Published under Cement News

Vicat is in discussions that might lead to the acquisition of all or part of the privately-owned Brazilian cement group Cimento Planalto SA, generally known as CIPLAN. CIPLAN was established in 1968 and currently has come 1100 employees. Its Sobradinho works has a capacity of 1.6Mta and the company also produces mortars, ready-mixed concrete and aggregates.

UltraTech

26 September 2018, Published under Cement News

UltraTech, part of the Aditya Birla Group, has been busy buying up capacity across India, making it one of the country’s most acquisitive companies. Its spending spree means it now holds around 40 per cent of the western and central Indian markets. Cement is big business for the Birla Group, making up over 60 per cent of its consolidated EBITDA, according to Bloomberg. No wonder then that UltraTech is now looking to increase its market share in eastern India. UltraTech currently claims ju...

Vicat is looking at Brazil

21 September 2018, Published under Cement News

Vicat has confirmed that it is in conversations with Ciplan, Cemento Planalto SA, which could lead to an investment in the Brazilian group. The privately-owned Ciplan was established in 1968 and is active in cement, mortar, concrete and aggregates and has around 1100 employees.  No further information was disclosed by Vicat.

Buzzi Unicem set to acquire 50% of Grupo Ricardo Brennand

06 September 2018, Published under Cement News

Buzzi Unicem has signed an agreement with Grupo Ricardo Brennand aimed at acquiring 50 per cent of BCPAR SA, a subsidiary of Brennand Cimentos, including two integrated cement plants in Paraíba and Minas Gerais, Brazil. The agreement allows Buzzi Unicem to reach a 50 per cent stake in BCPAR SA after acquiring the totality of the shares held by the current minority shareholders, BNDESPAR and FIP MPlus, besides a part of the shares owned by Brennand Cimentos, as well as the underwriting of de...