Cement News tagged under: Mergers and Acquisitions

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Gansu Qilianshan Cement expands into Gansu province, China

17 September 2013, Published under Cement News

Gansu Qilianshan Cement Group Co Ltd plans to invest CNY265.59m (US$43.4m) to acquire a 100 per cent in Longran Runji Cement Co to expand into the Gansu province market. Runji Cement currently operates a 2500tpd dry-process line.

Refratechnik Group acquires Burton GmbH, Germany

17 September 2013, Published under Cement News

The Refratechnik Group, a leading manufacturer of ceramic refractory products has acquired the facilities of Burton GmbH & Co. KG  in Melle, near Osnabrück, Germany. As a result of this strategic takeover, Refratechnik Ceramics will become a market leader and global supplier of refractory products for industrial furnaces in the ceramics industry. The product ranges in this field encompass wall, roof and car systems as well as furniture for tunnel kilns, in which products such as refractory...

UltraTech on verge of signing Jaiprakash Associates deal

11 September 2013, Published under Cement News

UltraTech Cement is reportedly on the verge of signing a deal with Jaiprakash Associates to acquire the latter’s cement assets in the Indian state of Gujarat. Following months of negotiations, the agreement is expected to be signed today, according to local press speculation. Both Jaypee and UltraTech are expected to make the announcement simultaneously in Delhi and Mumbai, respectively. The Gujarat units have a capacity of 4.8Mta and will help increase UltraTech’s presence in western Indi...

S&P lifts Cimpor outlook from stable to positive

05 September 2013, Published under Cement News

Standard & Poor’s has reaffirmed its ‘BB/B’ long and short term rating on Cimpor and InterCement, revising the outlook from stable to positive. The change follows the Outlook revision from stable to positive, keeping a ‘BB’ rating of Camargo Correa, which indirectly controls 94.2 per cent of Cimpor share capital. According to the rating’s agency, the outlook revision to positive based on the successful integration of InterCement and Cimpor assets and on the expectation that the new cement ...

Lafarge sells Honduras operations to Cementos Argos

03 September 2013, Published under Cement News

Lafarge announced the sale of its cement operations in Honduras to Cementos Argos for a total enterprise value of EUR435m, the France-based cement major announced in a statement today. This enterprise value represents a 2012 EBITDA multiple of 8.6. Lafarge owns 53.3 per cent of the Honduran subsidiary, Lafarge Cementos SA de CV. The assets sold comprise an integrated cement plant with a capacity of 1Mta and a grinding station with a 0.3Mta capacity. The transaction is subject to releva...

Sinoma acquires majority stake in Hazemag

03 September 2013, Published under Cement News

Sinoma International Engineering Co Ltd has acquired a majority stake in German mining equipment firm Hazemag & EPR for US$137m. Beijing-based Sinoma bought the 59.09 per cent stake from the Schmidt Kranz Group through a share purchase agreement, according to a statement filed by Sinoma's parent company, the China National Materials Co Ltd. The deal will help Sinoma International expand its reach in mining equipment and has been approved by China's State-owned Assets Supervision and Ad...

India invites expressions of interest for CCI units

29 August 2013, Published under Cement News

The government of India has announced plans to sell four non-operating units of state-owned Cement Corporation of India. “Cement Corporation of India has started the sale process as it has invited expressions of interest for the outright sale of four non-operational units. The sale would be done through an e-auction process,” an official said. The government owns 100 per cent of the public sector unit. In total, CCI comprises 10 facilities, of which seven are not operational.

Holcim and Cemex to swap, combine assets in Europe

28 August 2013, Published under Cement News

Holcim and Cemex have reached an agreement to conduct a series of transactions to exchange and combine assets in parts of Europe with the aim of improving synergies and boosting operating profit. Cemex increase its presence in Central Europe through the acquisition of Holcim Cesko in the Czech Republic. The deal includes one cement plant (cement and clinker capacities of 1.1Mta and 0.9Mta, respectively), four aggregate quarries and 17 ready-mix plants. Holcim said it will continue to serve...

Buzzi Unicem completes buy-out of Dyckerhoff shares

28 August 2013, Published under Cement News

Buzzi Unicem said on Tuesday that the squeeze-out of all outstanding ordinary and preferred shares in German-based Dyckerhoff AG still held by minority shareholders was recorded in the Commercial Register in Germany. As a result, as of 27 August 2013, the Italian cement major holds 100 per cent of Dyckerhoff. The payment to the minority shareholders of the cash compensation equal to EUR47.16 per share for a total EUR65.3m is expected to be carried out on 30 August 2013. The stock excha...

UltraTech poised for Jaiprakash's Gujarat units

27 August 2013, Published under Cement News

UltraTech Cement is said to be in advanced stages of discussions to acquire the Gujarat-based cement units of Jaiprakash Associates, local media have reported. Sources familiar with the deal told Business Standard of India that the cement units are to be sold at a valuation of US$130/t, lower than the US$160/t Jaiprakash had earlier been seeking. Jaiprakash's cement facilities in the state of Gujarat have a combined cement capacity of 4.8Mta and will help UltraTech Cement, India’s larges...