Cement News tagged under: M&A

RSS feed

Sailing through high seas

06 August 2019, Published under Cement News

Pakistan’s cement producers are sailing through high tides as domestic demand succumbs to macroeconomic pressures, manufacturing costs rise and utilisation levels look set to weaken with the addition of new capacities. Exports are providing a much-needed cushion, as is the shift towards reducing costs and improving operational efficiencies. By Syeda Humaira Akhtar, BMA Capital Management Ltd, Pakistan. Against a backdrop of lower domestic demand and higher production costs, Pakistan p...

GCC acquires Trident Cement, sells OK and AR ready-mix operations

15 June 2018, Published under Cement News

Meixcan cement producer Grupo Cementos de Chihuahua (GCC) received regulatory approval for the purchase of the 0.315Mta Trident cement plant in Three Forks, Montana, USA, from CRH, as well as the sale of its ready-mix concrete operations and transportation assets in Oklahoma and Arkansas. Following the transaction GCC owns eight cement plants in the US and Mexico, with a total production capacity of 5.4Mta. In addition, the company expects to commission the expansion of its cement plant in...

Shaping southeast Asia

28 June 2017, Published under Cement News

Ahead of Cemtech Asia in Singapore, 9-12 July 2017, ICR takes a moment to consider the changing make-up of southeast Asia’s cement capacity. The region has been at the forefront of cement industry growth for the last decade and, while the impetus for new capacity has started to ease, several key regional players have emerged and are now extremely influential in determining regional cement trade and supply. Producers such as Thailand’s SCG are entering promising markets like Myanmar as...

Anhui Conch

26 June 2017, Published under Cement News

Building on its eight per cent sales volume growth in 2016, Anhui Conch’s plan for this year is to continue setting up cement activities abroad while concentrating on its M&A activities at home, according to the latest edition of the Global Cement Report (GCR12). The main risks facing the company in 2017 are unfavourable economic conditions in China, monetary policy tightening and fuel costs. In response, the company is planning to building on its overseas presence (currently Indonesia, M...

LH Merger nears completion

01 May 2015, Published under Cement News

As Holcim’s shareholders prepare to meet next Friday to vote on the planned merger with Lafarge, will the confirmed support of Eurocement and a better than expected 1Q15 performance by Lafarge be enough to seal the deal? The planned EUR41bn tie-up between the world's two leading cement majors – billed as a “merger of equals” – was thrown into doubt in March as Holcim demanded new terms, stating that the deal “could no longer be pursued in its present form.” Holcim investors had wat...

LH Merger update: plants for sale

07 July 2014, Published under Cement News

Finally, exactly two months after the first official announcement of their 'merger of equals', Lafarge and Holcim clarify which plants are likely to be put up for sale. No surprises for those who've been following our coverage of the deal to date with divestments slated for Austria, France, Germany, Romania, Hungary and the UK in Europe; Canada - but not the USA - in north America; Brazil in Latin America; Philippines in Asia; Reunion and Mauritius in the Indian Ocean... We summarise the...

LH Merger: LatAm, Asia, Africa

07 July 2014, Published under Cement News

The Lafarge Holcim merger is being viewed as a good geographical fit in emerging markets given Lafarge’s strong presence in the Middle East and Africa, and Holcim’s significant exposure to Latin America and the Asia-Pacific region. However, regional overlaps in certain key markets are likely lead to the expected disposal of assets. Latin America Moves to address anti-trust concerns already appear to be underway with Lafarge last month confirming the sale of its cement operations in Ec...

LafargeHolcim merger: implications for western Europe

27 June 2014, Published under Cement News

While the proposed Lafarge-Holcim (LH) merger is widely being regarded as a good fit for the two companies, satisfying competition authorities in a number of key markets where operations overlap is critical for the deal to proceed. In western Europe, the LH tie-up could accelerate the restructuring process already underway by the cement industry to improve regional businesses and any disposals required by the two groups are likely to be surmountable. To satisfy regulatory requirements Lafar...

Israel: CRH mulls disposal of Nesher cement stake

24 March 2014, Published under Cement News

CRH Group is considering the sale of its 25 per cent stake in Mashav, the holding company for Nesher cement, Israel, which the Irish group acquired in 2001, reports The Sunday Independent. Newly arrived CEO, Albert Manifold, is carrying out a comprehensive review of the company’s businesses and has so far identified 45 that will be put up for sale. In a recent Annual Report filed in the US, CRH wrote of the 25 per cent stake in Mashav, prompting speculation that CRH will seek to offload the...

Asia Cement (China) seeks M&A activity, strategic alliances

17 March 2014, Published under Cement News

Asia Cement’s China subsidiary is seeking mergers and acquisition opportunities, as well as the creation of strategic alliances, to raise production capacity and boost its competitive edge. Asia Cement (China) will target cement producers in China, including small and medium-sized firms in different regions. In early January, Asia Cement and its Chinese subsidiary singed a strategic partnership with Anhui Conch and China Conch Venture Holdings to explore opportunities in sharing green te...