Cement News tagged under: Croatia

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Nexe Grupa reportedly looks to acquire Cemex Croatia

29 January 2020, Published under Cement News

Croatia’s Nexe Grupa is reportedly interested in acquiring the local unit of Cemex, which is still for sale following HeidelbergCement’s bid to buy it several years ago, according to Croatian media reports. Representatives from Nexe visited the headquarters of Cemex Croatia to carry out due diligence of the business, according to Slobodna Dalmacija. Cemex Croatia's assets comprise of three cement plants, two aggregate quarries and seven ready-mix plants. In 2015 Cemex signed an agreeme...

Cemex Croatia is supporting Montenegro infrastructure projects

10 May 2018, Published under Cement News

Cemex Croatia is actively participating in Montenegro's infrastructure boom by supplying building materials for several infrastructure projects, including three mixed-use resorts and a highway. For the Smokovac-Mateševo section of the Bar-Boljare highway – the largest engineering project currently under development in Montenegro – Cemex has already supplied over 280,000t of cement and continues to participate in this project. This 41km-long section of highway, part of Bar-Belgrade-...

Croatia's cement sector still craves an upturn

13 April 2017, Published under Cement News

Croatia's market has been top of the news in the EU with the commission's decision to block the sale of Cemex's Croatian cement plants to Duna-Drava Cement of Hungary, jointly-owned by HeidelbergCement and Schwenk Zement. The commission was said to be concerned with the situation that after the transaction the largest cement producer in Croatia would also be the largest importer and would virtually dominate the southern Croatian market. Currently competition in Croatia consists of ...

Croatia: EC prevents Cemex Croatian sale

07 April 2017, Published under Cement News

Cemex SAB de CV has announced that the European Commission has refused Cemex permission to sell its Croation operations to Duna-Drava Cement Kft, a joint venture owned by HeidelbergCement and Schenk Zement AG. Therefore, Cemex will maintain its three cement plants, seven concrete plants and two aggregate quarries in Croatia, as well as its network of maritime and land-based terminals in Croatia, Bosnia-Herzegovina and Montenegro.

EU reportedly set to block HeidelbergCement, Schwenk's Cemex Croatia deal

29 March 2017, Published under Cement News

EU antitrust regulators are set to block HeidelbergCement and Schwenk's joint bid for Cemex's Croatian unit barring a last minute change of mind, Reuters reports. The European Commission, which opened an investigation into the deal in October last year, has not been convinced so far by the companies' offer to lease a terminal on the Dalmatian coast to a rival to address its concerns, the news agency reported citing two source familiar with the matter. The EU competition authority has said ...

Holcim Croatia boosts revenues thanks to exports

03 March 2017, Published under Cement News

Holcim Croatia saw its revenues rise by seven per cent YoY in 2016 as it improved exports. In addition, the company reduced its expenditures and kept cash flow high. However, the domestic market maintained the pressure to lower prices. Unfortunately, on the domestic market there is still a constant pressure to reduce prices, so all the effort we've invested as a team could actually have had a much better effect", the company’s CFO, Denis Zupicic, explained. He added that if prices were to...

Croatia: HeidelbergCement appeals Commission's decision

28 February 2017, Published under Cement News

HeidelbergCement AG has appealed against an EU Commission decision from 10 October 2016 that initiated an in-depth Phase II investigation into the joint acquisition of Cemex Croatia by HeidelbergCement and Schwenk. HeidelbergCement and Schwenk Cement jointly control Duna Dráva Cement ("DDC"), a Hungarian cement company that is the largest cement importer in Croatia. Cemex Croatia, the largest cement producer in Croatia, is a subsidiary of the Cemex Group. Schwenk has also appealed the dec...

EC to investigate HeidelbergCement-Schwenk acquisition of Cemex Croatia

11 October 2016, Published under Cement News

The plans of HeidelbergCement and Schwenk to acquire Cemex's Croatian subsidiary will be subject to review by the European Commission (EC). The transaction would result in the merger of Cemex Croatia, the largest domestic cement producer, with Duna Drava Cement, the largest importer and a subsidiary of the two German cement producers. After a preliminary analysis, the EC concluded that "the proposed transaction would remove a significant competitor in an already concentrated regional ...

Cemex announces divestment of operations in Austria, Hungary and Croatia

12 August 2015, Published under Cement News

Cemex announced today that it has signed an agreement for the sale of its operations in Austria and Hungary to the Rohrdorfer Group for approximately EUR160.1m. The Austrian operations consist of 24 aggregate quarries (approximately 6.47Mt of aggregates sold in 2014) and 34 ready-mix plants (approximately 1.60Mm 3 of ready-mix sold in 2014). Cemex’s operations in Austria had net sales of approximately US$241m in 2014. The Hungarian operations being divested consist of five aggregate qua...

Holcim Croatia to boost profitability

25 October 2013, Published under Cement News

Holcim Croatia said it is implementing a new strategy to help drive the company back to profitability by 2015. The new operational plan cover all of Holcim's divisions and business segments in Croatia with measures including increasing prices and finding new markets as well as niche ones, SeeNews reports. As a result of a difficult construction market, cement consumption has fallen from 2.39Mt in 2009 to around 1.7Mt in 2012. This is well below total domestic capacity of 3.7Mta and industr...