Cement News tagged under: Acquistions

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West China Cement shares drop by one third in single day’s trading

29 June 2016, Published under Cement News

Hong Kong-listed West China Cement (WCC) has seen its shares fall by 32.7 per cent in a single day, wiping US$350m off the value of the company, Bloomberg reports. At one point, the company’s shares were trading 46 per cent down on their opening value, before recovering slightly to close at HKD1.07 (US$0.14). In May West China Cement reached an agreement with Anhui Conch that would see the latter company acquire the former. However, the deal has yet to be finalised and requires officia...

India: Birla sees Q4 profit rise to US$17m

09 May 2016, Published under Cement News

Birla Corporation has released its earnings figures for the three months to 31 March 2016, during which time the firm achieved a profit of INR1.16bn (US$17.4m), up fourfold on a year earlier, the Hindu reports. Revenue for the quarter rose by nine per cent to INR8.7bn (US$131m). Full-year earnings saw total income rise by two per cent to INR32.7bn (US$492m), while profits were down 10.3 per cent at INR1.57bn (US$24m). Chairman, H V Lodha, said that both the cement and jute divisions pe...

Deadline nears for LafargeHolcim India assets bids

05 April 2016, Published under Cement News

Advisors to the sale of LafargeHolcim's 11Mta Indian cement production capacity say that they expect to receive seven to eight bids before next week's deadline. The sale - which was a required by competition authorities - has attracted the attention of a number of private equity firms. According to reports by India’s Mint newspaper, Temasek Holdings, Advent International, Barings Asia Private Equity, Blackstone, Aion Capital and the investment arm of Piramal Group are all evaluating the d...

India: UltraTech confirms US$2.4bn purchase of Jaypee assets

01 April 2016, Published under Cement News

UltraTech Cement has reached a definitive agreement in its deal to buy 21.2Mta of production capacity from Jaiprakash Associates (JAL) at a cost of INR159bn (US$2.4bn).  India's Telegraph newspaper reports that UltratTech will acquire existing plants with a capacity of 17.2Mta as well as a 4Mta grinding unit currently under construction.  Originally, the sale was to include Jaypee’s 1.2Mta Shahabad plant, but this will now be retained by JAL, which will still have 10.6Mta of production...

Fives FCB acquires Technip’s cement division, France

31 July 2012, Published under Cement News

Fives FCB, a subsidiary of the Fives Group, has acquired the business portfolio of CLE Groupe Technip France, the specialist cement plant division of the Technip Group. For more than 40 years, the CLE, Groupe Technip France division has completed installation and revamping projects for many cement manufacturer customers. More recently, it has been involved in major revamping projects in France, Poland, Spain, Tunisia, Morocco, Turkey and Brazil. The many facilities developed by the CLE, Gr...

CRH is ahead in America but suffered from adverse weather in Europe

09 May 2012, Published under Cement News

CRH's underlying sales improved by about 2% during the first four months of the year, with North America benefiting from comparatively favourable weather conditions, while the opposite was a case in Europe, which suffered from a harsh winter, particularly in February. Thirteen acquisitions or major investments were undertaken in the period for a cost of about €230m, compared with €135m spent in the same period last year.  Heavy building materials volumes were well ahead in the Ukraine, ...