Cement News tagged under: HeidelbergCement
Kazakhstan: a nation’s vision17 October 2016, Published under Cement NewsWhile the need for infrastructure and housing is considerable in Kazakhstan, lower oil receipts, a depreciating tenge and sluggish global growth conspire against elevated levels of public spending. However, the government has pinned its hopes on foreign investment to meet construction demand as well as expand the cement production base, which in turn will reduce expensive imports. While cement demand growth rates of the past are not expected going forward, Kazakhstan still has a co... |
HeidelbergCement13 October 2016, Published under Cement NewsFollowing the closure of its mandatory offer for Italcementi, HeidelbergCement now has 96.4 per cent of the shares and has stated its intention to compulsory acquire the remaining shares as hit holds in excess of 95 per cent of the equity. The Italcementi shares will be de-listed on 7 October 2016. |
EC to investigate HeidelbergCement-Schwenk acquisition of Cemex Croatia11 October 2016, Published under Cement NewsThe 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 ... |
Visible cracks10 October 2016, Published under Cement NewsOver the last 18 months CDP has analysed sectors ranging from electric utilities and automotive manufacturing to extractives and has benchmarked how leading players manage climate risks and opportunities. In June it was the turn of the cement sector, as CDP published ‘Visible Cracks’, its first report for investors on the global cement industry. This publication revealed how differently companies in the sector are preparing for the transition to a low-carbon economy. By Tarek Soliman and Cha... |
Italcementi shares to cease trading07 October 2016, Published under Cement NewsShares in Italcementi will be removed from the Milan stock exchange next Wednesday after the conclusion of HeidelbergCement’s takeover, Il Sole 24 Ore reports. Heidelberg has now amassed a stake of more than 96 per cent in Italcementi, giving the German firm the right to purchase the outstanding shares. |
Essroc Canada's integration to the HeidelbergCement Goup is approved06 October 2016, Published under Cement NewsThe integration Italcementi's business in Canada with the HeidelbergCement Group was formerly approved by the company's board of directors yesterday. Since 1 July 2016 HeidelbergCement Group has been held the majority stake in Italcementi and will take over the entire company following a mandatory takeover bid. The transaction involves the acquisition by Canadian Lehigh Hanson Materials Ltd (LHM), indirectly owned by HeidelbergCement, of the entire share capital, including ordinary and ... |
HeidelbergCement achieves high acceptance rate for Italcementi share offer03 October 2016, Published under Cement NewsHeidelbergCement achieved a high acceptance rate in the mandatory tender offer to the remaining shareholders of Italcementi. According to provisional results, 165,371,229 Italcementi shares were tendered at the end of the subscription period, on 30 September 2016. In addition, HeidelbergCement purchased 14,000,000 Italcementi shares outside the offer on the stock exchange. Together with the 45 per cent stake already acquired from Italmobiliare on 1 July 2016, the tendered and acquired shar... |
Cementos Argos27 September 2016, Published under Cement NewsCementos Argos has agreed to purchase the Essroc cement plant in Martinsburg, West Virginia, USA, from HeidelbergCement. The deal, which is reputedly worth around US$650m, forms part of HeldelbergCement’s divestment plans resulting from its ongoing acquisition of Essroc’s parent company, Italcementi. To help fund the purchase, Cementos Argos has sold a 20 per cent stake in its Panamanian subsidiary to Panama-based real estate investment firm Grupo Provivienda for US$126m. This leaves Cemento... |
USA: public asked for their comments on Martinsburg plant's future27 September 2016, Published under Cement NewsFederal regulators are seeking public opinion on one aspect of the pending US$4.2bn merger between HeidelbergCement and Italcementi that will include a change in ownership for Essroc Cement Corp and the Martinsburg cement plant, West Virginia. The Federal Trade Commission (FTC) have raised concenrs about the likelihood that the sale of the Martinsburg cement plant to Argos USA LLC for US$660m would likely harm competition in five US markets - Indianapolis, Baltimore-Washington, DC, Syracus... |
UK cement after Brexit21 September 2016, Published under Cement NewsThe UK’s cement sector has seen substantial change in the last 12 months, with new cement producers coming to the market and a raft of legislation to ensure a competitive market for customers going forward. The recent Brexit vote has cast a shadow over the economy, but even though several very large projects are currently on hold, the long-term fundamentals for cement demand remain strong. HeidelbergCement-owned Hanson operates around 3Mta of cement capacity at plants in Padeswood ... |