Cement News tagged under: Lehigh White Cement Co
Lehigh plans upgrades following alleged violations of Clean Air Act05 December 2019, Published under Cement NewsIn a settlement to resolve the alleged violations of the Clean Air Act, Lehigh Cement Co and Lehigh White Cement Co have agreed to invest approximately US$12m in pollution control technology at their 11 Portland cement manufacturing plants, announced the Department of Justice and the Environmental Protection Agency (EPA). "This settlement with Lehigh and Lehigh White will significantly reduce harmful air emissions at their cement plants nationwide," said Bruce Gelber, deputy assistant atto... |
Cementir Holding completes acquisition of Lehigh White Cement Co stake04 April 2018, Published under Cement NewsCementir Holding completes today the acquisition of an additional 38.75 per cent stake in Lehigh White Cement Co. The acquisition of the stake from HeidelbergCement-owned Lehigh Cement Co LLC was announced on 14 February 2018 and purchased at a price of US$106.6m, on a cash and debt-free basis. Following the transaction, Cementir will hold 63.25 per cent of shares in Lehigh White Cement Co, with the balance of shares owned by Cemex Inc. The purchase allows Cementir to directly manage ... |
A time of reassessment for HeidelbergCement23 February 2018, Published under Cement NewsThis week it was announced that HeidelbergCement would be selling its 51 per cent stake in the Lehigh White Cement Co LLC while the company also reported on its full-year and 4Q17 results . The sale of HeidelbergCement's interest in the Waco and York cement plants in the USA would mean a complete exit from the North American white cement market for the Germany-based multinational. HeidelbergCement is carrying out a global portfolio review and optimisation process to generate cash flow. T... |
Cemex to increase its shareholding in Lehigh White Cement19 February 2018, Published under Cement NewsCemex Inc has agreed to acquire an additional 12.25 per cent stake in Lehigh White Cement Company, a manufacturer of white cement, from Lehigh Cement Company LLC for US$34m. Lehigh White's enterprise value of the transaction is about US$140m. It operates two plants in Waco, Texas, and York, Pennsylvania, with a combined white cement production capacity of approximately 255,000tpa. Following the transaction, Cemex will hold 36.75 per cent of Lehigh White. In addition, Aalborg Cement ... |
HeidelbergCement to sell to stake in Lehigh White Cement Co15 February 2018, Published under Cement NewsHeidelbergCement announces that its subsidiary Lehigh Cement Company LLC has signed an agreement to sell its 51 per cent position in Lehigh White Cement Company to the minority shareholders Aalborg Cement Company Inc and Cemex Inc. The enterprise value of the transaction amounts to about US$140m. Closing of the transaction is subject to customary conditions and is expected during the first quarter 2018. “As a niche product with small volumes, the standalone production of white cement does... |
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