Cement News tagged under: Acquisitions
PT Indocement31 July 2019, Published under Cement NewsPT Indocement has said that it has not ruled out acquiring a new cement plant this year, should the opportunity arise. In March this year, the company expressed an interest in purchasing PT Sinar Tambang Arthalestari, owner of Semen Bima, but was unsuccessful. Christian Kartawijaya, president director of PT Indocement, has said that the company is still open to factories in strategic locations where Indocement does not currently operate. “Indocement is in a position that it is ready to ma... |
Ciments du Maroc to acquire Atlantic Cement and Cimsud29 July 2019, Published under Cement NewsCiments du Maroc has announced it has signed an agreement with Anouar Invest for the acquisition of two cement companies, Atlantic Ciment and Cimsud. Atlantic Cement is currently building an integrated cement plant in Settat province. Cimsud has a 0.5Mta grinding unit at Laâyoune. The acquisition is expected to be completed in the second half of this year and is subject to meeting several conditions. |
Ambuja Cement to support cement activities with RMC and aggregate acquisitions15 July 2019, Published under Cement NewsLafargeHolcim-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 NewsIn 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 Namibia18 March 2019, Published under Cement NewsThis 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 assets27 February 2019, Published under Cement NewsGrupo 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. |
Vicat04 February 2019, Published under Cement NewsVicat 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 unit13 November 2018, Published under Cement NewsIndonesia'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 ... |
Vicat02 October 2018, Published under Cement NewsVicat 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. |
UltraTech26 September 2018, Published under Cement NewsUltraTech, 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... |