Cement News tagged under: Mergers and Acquisitions

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HeidelbergCement 3Q15 revenue rises 3% YoY

05 November 2015, Published under Cement News

HeidelbergCement reported a three per cent rise in group revenue to EUR3.6bn in the first three months of the ‘despite partly adverse market conditions,’ the company said in a statement today. The German cement major said that excluding consolidation and exchange rate effects, revenue decreased by 1.9 per cent. While the effects from changes in the consolidation scope to the amount of EUR23m were negligible, the weakening of the euro against numerous currencies amounting to EUR162m in total...

West China Cement to acquire Shaanxi-based producer

02 November 2015, Published under Cement News

West China Cement said it agreed to acquire the entire equity interest of Tongchuan Yaowangshan Ecological Cement Co Ltd as well as shareholder's loan at CNY767m (US$121m). Yaowangshan Cement is located in the Yaowangshan region of Tongchuan District, Shaanxi Province. The Yaowangshan cement plant that it operates is primarily engaged in the production and sale of cement, with a 2.2Mta cement capacity. The move is part of efforts to facilitate consolidation in the sector in Shaanxi...

Lafarge Malaysia Bhd considers Sarawak investment

27 October 2015, Published under Cement News

Lafarge Malaysia Bhd is considering to re-operate in Sabah and Sarawak regions amid the huge potential, its newly-appointed president and chief executive officer, Thierry Legrand, has indicated. Mega projects in the region include the MYR16.1bm Pan Borneo Sarawak Highway. Mr Legrand told local press that the company would consider proposing the usage of cement and concrete-based material in the construction of the highway.| Meanwhile, concrete division vice president Rick Pucci said Lafar...

LafargeHolcim successfully completes squeeze-out of Lafarge SA

26 October 2015, Published under Cement News

LafargeHolcim today announced on Friday it has successfully implemented the squeeze-out of Lafarge SA. With this the shares of Lafarge SA are now delisted from Euronext Paris as of today. "The completion marks an important and final step in the merger process of the Group’s legacy companies and allows LafargeHolcim to continue focusing on delivering the synergies and progress with the integration," the company said in a statement. With the successful squeeze-out LafargeHolcim Ltd now owns...

Polish competition watchdog approves proposed Gorazdze acquisitions on condition

20 October 2015, Published under Cement News

The Polish Competition and Consumer Protection Office (UOKiK) has approved the acquisition of Duda Kruszywa and Duda Beton by Gorazdze Cement on condition that Gorazdze sells the concrete unit in Olszowa to avoid limiting market competition. Both Duda Kruszywa, which is an aggregate producer, and Duda Beton, a producer of ready-mixed concrete, are currently owned by the Opole-based firm JD.

Cemex fails to annul sale of 14% shares in Akmenes

20 October 2015, Published under Cement News

Cemex has failed to obtain a court order invalidating deals on the sale of a stake in Lithuania’s sole cement producer, Akmenes Cementas, through which Lithuanian three families were to take over control of the company. According to Baltic Business Daily, the Lithuanian Court of Appeals on 8 October turned down an appeal filed by Dutch-registered Rugby Holding, a subsidiary of Cemex, and refused to declare an agreement on the sale of a 13.68 per cent stake in Akmenes null and void and apply...

Lafarge Nigeria unit takes control of UNICEM

06 October 2015, Published under Cement News

An affiliate of Lafarge Africa has completed a 100 per cent acquisition of Nigeria's third-largest cement manufacturer, United Cement Company of Nigeria (UNICEM). Lafarge said its affiliate Nigerian Cement Holdings (NCH), owned a 70 per cent equity in UNICEM before agreeing a deal last November to buy the remaining 30 per cent stake from Flour Mills, Reuters reported. Unicem, which is based at Mfamosing, close to Calabar, southeastern Nigeria. Unicem is building a 2.5Mta line which will br...

Egypt: Qena Cement makes offer for larger stakes in Qalaa subsidiaries

06 October 2015, Published under Cement News

Egyptian investment company Qalaa Holdings announced Monday that it received a preliminary acquisition offer from Qena Cement to buy stakes in both its subsidiaries ASEC Minya and ASEC Ready Mix Concrete. According to the offer terms, Qena Cement t is seeking to acquire 46.5 per cent stake and 55 percent stake in ASEC Minya and ASEC Ready Mix Concrete respectively. Qalaa owns indirect stakes of 24.1 per cent and 28.5 per cent in both ASEC Minya and ASEC Ready Mix Concrete respectively. Me...

CalPortland completes acquisition of California assets from Martin Marietta Materials, USA

06 October 2015, Published under Cement News

Taiheiyo Cement USA, Inc and CalPortland Company announced that the purchase of certain Riverside cement business assets in California from Martin Marietta Materials, Inc was successfully completed on 30 September, 2015. The assets identified in the purchase include the Oro Grande Cement Facility, and two rail sided product distribution terminals located in in National City, CA and Stockton, CA.

Court of Rome declares validity of Buzzi offer for SACCI

02 October 2015, Published under Cement News

Buzzi Unicem has been informed by SACCI SpA (SACCI) that the Court of Rome has declared the admissibility of the composition plan submitted by SACCI on 21 September 2015. The composition plan includes the binding offer made by Buzzi Unicem for the acquisition of the cement and ready-mix concrete business unit of SACCI. The composition plan will be subject to the vote of the creditors in the meeting set by the Court for 18 January 2016. If the vote of the creditors of SACCI is positive, it ...