Cement News tagged under: Acquisitions

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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...

LafargeHolcim

03 September 2018, Published under Cement News

LafargeHolcim has acquired Metro Mix LLC, a ready-mixed concrete producer in Denver, Colorado, which last year produced a turnover of some US$30m from two batching plants, employing in excess of 50 people. LafargeHolcim’s Kenyan subsidiary Bamburi Cement, active in Kenya and in Uganda has announced a first-half turnover 0.2 per cent lower than a year earlier at KES17,556m (EUR157.8m), with the trading profit falling by 56.2 per cent to 1164m (EUR9.9m) and the pretax profit falling by 72.9...

HeidelbergCement attracted to possible LafargeHolcim Indonesia sell-off

02 August 2018, Published under Cement News

HeidelbergCement could buy parts of LafargeHolcim's business in Indonesia that is up for sale, says HeidelbergCement CEO, Dr Bernd Scheifele. LafargeHolcim is planning to raise around CHF2bn (US$2.02bn) from selling assets as it reduces its operations, with speculation that its business in Indonesia could be among the candidates for sale, claims Reuters. "LafargeHolcim is in the market regarding the sale of its entire Indonesia business. In principle we always look at such topics... but it...