Cement News tagged under: Mergers and Acquisitions

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China: concentration is the key

02 July 2013, Published under Cement News

China Cement Association had drafted a plan to promote mergers and acquisitions (M&A) activity and step up the elimination of obsolete capacity to increase concentration of the domestic production base. According to the strategy entitled ‘Implementation Plan for Accelerating M&A in Cement Industry’, the number of cement enterprises in the country will witness a significant drop during the 12th Five-Year Plan period (2011-15) from the 2010 level, with no more than 1000 cement clinker units a...

India: Jaypee shelves Gujarat plant sale, eyes further expansion

21 June 2013, Published under Cement News

Jaypee Cement has decided to defer plans to sell its Gujarat unit and is now looking to expand capacity through acquisitions and the construction of new plants.  “We did not get the right valuation. So we have shelved plans for selling the Gujarat unit,” Ashutosh Kumar, Joint President (Marketing), Jaypee Cement told local press.  “We were in discussions with some parties. But, as of now we are comfortable in terms of cash position, Kumar said. According to local reports, India’s large...

Cementos Molins buys Cemex’ Sant Feliu works

18 June 2013, Published under Cement News

Cementos Molins has reached an agreement with Cemex to buy the latter’s Sant Feliu de Llobregat cement plant near Barcelona.  The Sant Feliu works has been out of action for months due to the downturn in the Spanish cement market. However, for now, Cementos Molins does not expect the reactivation of the plant any time soon. The main interest for the plant stems from its market, which will enable to run the Sant Vicenç dels Horts works at a better utilisation rate. At present San Vicen...

Holcim to sell its operations in New Caledonia

18 June 2013, Published under Cement News

Holcim will sell its operations in New Caledonia (Holcim Nouvelle Calédonie SA) to Tokuyama Corporation of Japan for an undisclosed amount. Holcim Nouvelle Calédonie SA, which runs a 200,000tpa grinding plant, has always been “slightly isolated from the rest of the group’s assets,” the company said in statement, making this divestment a strategically viable solution. Tokuyama will acquire 74.1 per cent of issued ordinary shares owned by Holcim (Outre-Mer) SAS. The transaction is schedule...

HeidelbergCement India sells grinding unit to JSW Group

22 May 2013, Published under Cement News

HeidelbergCement India has sold its 0.6Mta grinding facility in Raigad, Maharashtra, to the JSW Group, the company has informed the Bombay Stock Exchange. The acquisition is situated adjacent to the company’s steel plant and will allow JSW to use slag from its steel process in the grinding process. For HeidelbergCement, the disposal of cement facility is in line with company’s aim of divesting less strategic assets with lower margins to focus on more strategic and key operations in Centra...

HeidelbergCement to sell stake in Indian unity to private equity investors?

20 May 2013, Published under Cement News

HeidelbergCement is reported to be in talks with private equity investors to sell a minority stake in its Indian arm, which could result in the second such deal in the domestic sector in recent weeks. Speculation is mounting that Bain Capital is conducting a due diligence to pick up around 10 per cent in Heidelberg India according to reports by The Telegraph. Other private equity investors such as Carlyle and Sequoia are also reported to be interested. Earlier this year HeidelbergCement...

Lafarge raises EUR200m to accelerate its development in India

15 May 2013, Published under Cement News

Lafarge SA signed an agreement to raise €200m through capital increase subscribed by Baring Private Equity Asia, and representing a 14 per cent minority stake in its Indian subsidiary, Lafarge India Private Ltd. This transaction, which is subject to the approval of local regulatory authorities, will accelerate Lafarge's growth plans in India in all its product lines: Cement, Aggregates and Concrete. Lafarge entered the Indian market in 1999 through its cement business and currently ope...

Buzzi Unicem is advancing in Russia and in the USA

13 May 2013, Published under Cement News

Buzzi Unicem's first-quarter turnover declined by 10.5 per cent to €503.14m and the EBITDA dropped by 51 per cent to €11.75m but advances were seen in Russia and the USA. The loss at the trading level was 29.7 per cent higher at €42.03m. Net financial charges declined by 7.3 per cent to €25.83m to give a seasonal pre-tax loss 7.1 per cent higher at €68.82m. Net debt at the end of March was 9.1 per cent higher at €1227m, giving a gearing level of 50.4 per cent compared with 47.1 per cent a...

BBMG Corporation to acquire stake in Hebei Taihang Xuaxin, China

30 April 2013, Published under Cement News

BBMG Corporation has entered into an agreement to acquire a 66.67 per cent stake in Hebei Taihang Xuaxin Building Materials Co from BBMG Group Company Ltd. The transaction is valued at CNY131.88m (US$21.15m) in cash and will be paid by BBMG to BBMG Group Company within 15 days after the date of the equity transfer agreement.

InterCement sells 52 per cent in Portuguese C+PA to Votorantim

29 April 2013, Published under Cement News

Brazilian producer InterCement has sold a 52 per cent stake in Portuguese cement and building materials maker C+PA to Votorantim. Portuguese construction group Teixeira Duarte still controls 48 per cent in C+PA, , according to Portuguese daily Diario Economico. InterCement, part of Brazilian diversified holding group Camargo Correa, indirectly controls the stake in C+PA via Portuguese cement producer Cimpor. Cimpor recognised impairments of EUR33.6m with the transaction.