Cement News tagged under: Mauritius

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Lafarge (Mauritius) raises price of Baobab cement

04 October 2018, Published under Cement News

The price of a 25kg bag of Baobab cement increased by MUR1-4 (US¢2.9-11.6) on 1 October 2018. Lafarge (Mauritius), which produces the cement, has reviewed the price of its Baobab range as a result of “increasing international raw material prices since the start of the year.” Bagged Baobab CEM II 42.5 now costs MUR115, up from MUR114, while Baobab Lakaz CEM II 32.5 cement is sold at MUR110/25kg bag, representing a 3.8 per cent increase from MUR106 before the price rise. However, Baobab 6 MC ...

Kolos Cement released from competition requirements

17 September 2018, Published under Cement News

Mauritius-based Gamma Civic Ltd has been released from its commitment set by the Competition Commission of Mauritius (CCM) to have its subsidiary Kolos Cement Ltd, previously known as Holcim (Mauritius), resort to a bidding exercise to buy cement. The company currently operates the largest terminal on the Indian Ocean at 60,000t. Gamma Civic acquired 51 per cent of the company in 2015, and was subsequently required to address any competition issues. The company agreed it would buy cement th...

Mauritius opens LafargeHolcim merger inquiry

06 August 2014, Published under Cement News

The Competition Commission of Mauritius (CCM) has opened an inquiry to determine whether the merger of Holcim and Lafarge will have a negative impact on the competition in the island's cement market. If the merger is completed successfully, Lafarge and Holcim have said they will both sell their holdings in Holcim (Mauritius) Ltd to a third party. "We appreciate that the merger parties have informed the CCM of their actions and are reactive with respect to measures that restore competiti...

STC eyes Holcim Mauritius acquisition

28 July 2014, Published under Cement News

In the latest step towards to completing the LafargeHolcim merger, Holcim Mauritius could become a public-private partnership (PPP) while the State Trading Corporation (STC) could re-enter the island's cement market at the same time. STC would be willing to buy the 51 per cent stake in Holcim Mauritius put up for sale, according to Defimedia.The balance of shares is owned by Gamma-Civic. The presence of STC in the market would offer a greater price control as it will control the entire...

Holcim and Lafarge announce proposed asset disposals

07 July 2014, Published under Cement News

Two months after the announcement of their planned merger, Lafarge and Holcim have revealed the list of proposed divestments. In Europe the merged entity aims to have “a significant and balanced industrial base in Europe – around 20 per cent of its revenues – within its overall global footprint, enabling it to take advantage of the European economic recovery,” according to a joint statement. LafargeHolcim plans to sell Lafarge’s Mannersdorf works in Austria as well as the Lafarge Tarmac a...

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...

DG Khan to buy stake in GS Cimento, Mozambique

28 March 2013, Published under Cement News

Pakistan-based cement producer DG Khan Cement Company (DGKC) has signed a Memorandum of Understanding (MoU) to acquire a majority stake in an upcoming Mozambique cement producer. DG Khan has informed the Pakistan Stock Exchange that it has entered into a MoU with Sumaria Cement Holdings Ltd of Mauritius to acquire a 57.5 per cent shareholding In GS Cimento which is plans to construct a 0.55Mta cement plant in Mozambique. The total consideration for the deal is US$8.625m, which may be r...

Lafarge Mauritius raises cement price by 7%

06 February 2013, Published under Cement News

Lafarge Cement Mauritius Ltd has announced it will raise the price of a 50kg bag of cement following Holcim's move to increase prices by six per cent at the start of this year. Lafarge said it was raise prices from MUR170/bag (US$5.55) to MUR182 (US$5.94) on Monday. The company said the price increase was necessary due to a number of factors. Import, insurance and freight costs have risen by around 6.7 per cent and other costs have been subject to inflationary increases, says the cemen...

Holcim raises cement prices in Mauritius

25 January 2013, Published under Cement News

Holcim raised its price of a 50kg bag in Mauritius to MUR211.60 or US$6.86 (delivery to Port-Louis). In other parts of the island, a premium of around MUR5-10 is paid to trucking costs. The island’s other supplier Lafarge, last raised its prices in April 2012 and a 50kg bag, for delivery to Port-Louis, of their cement costs MUR195.50. In the recent past, the State Trading Corporation stopped importing cement, leaving the two cement producers with a clear field to expand their busine...

Holcim increases cement price 6.6% in Mauritius

15 November 2012, Published under Cement News

Holcim has announced a rise in its cement prices in Mauritius. Customers will pay MUR211.60, up from the current MUR198, representing an increase of 6.6 per cent. The increase will cover both OPC and Ecocem. Bulk cement prices will reach MUR4163/t, ex-works. Holcim (Mauritius) has attributed the cost due to an increase in fixed costs as well as “improving Ecocem, which passes into a higher strength class”, and the devaluation of the rupee. Meanwhile, Lafarge (Mauritius) Cement has said it...