Cement News tagged under: Schwenk

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International Cement set to acquire Schwenk Namibia

11 March 2019, Published under Cement News

Singapore’s International Cement Group has entered into a conditional agreement to acquire a 100 per cent stake in Schwenk Namibia Pty Ltd for SGD141.89m (US$104.4m). This amount comprises of US$19.3m for its shares and another US$85.1m for the purchase of its loans, according to the Straits Times. Amongst its assets Schwenk Namibia owns a 69.8 per cent stake in Ohorongo Cement, which operates a 1Mta facility in north Otavi. International Cement noted that instead of building a new plant...

Croatia: HeidelbergCement appeals Commission's decision

28 February 2017, Published under Cement News

HeidelbergCement AG has appealed against an EU Commission decision from 10 October 2016 that initiated an in-depth Phase II investigation into the joint acquisition of Cemex Croatia by HeidelbergCement and Schwenk. HeidelbergCement and Schwenk Cement jointly control Duna Dráva Cement ("DDC"), a Hungarian cement company that is the largest cement importer in Croatia. Cemex Croatia, the largest cement producer in Croatia, is a subsidiary of the Cemex Group. Schwenk has also appealed the dec...

EC to investigate HeidelbergCement-Schwenk acquisition of Cemex Croatia

11 October 2016, Published under Cement News

The plans of HeidelbergCement and Schwenk to acquire Cemex's Croatian subsidiary will be subject to review by the European Commission (EC). The transaction would result in the merger of Cemex Croatia, the largest domestic cement producer, with Duna Drava Cement, the largest importer and a subsidiary of the two German cement producers. After a preliminary analysis, the EC concluded that "the proposed transaction would remove a significant competitor in an already concentrated regional ...

Schwenk invests EUR20m in grinding unit

23 November 2012, Published under Cement News

Germany’s Schwenk Zement will invest EUR20m in a new grinding plant, which is slated to work more efficiently, with lower energy requirement and reduced noise levels. Part of the equipment at the Allmending works is 30-40 years old, said works manager Jürgen Thormann, including a tube ball mill. As a result, the company will invest in a new unit – a roller mill. It is expected that work on the foundations will start this year, with the new mill entering operation in 2014.

Hungary: building on traditions

21 November 2011, Published under Cement News

Demand for cement products as an essential construction material is a representative indicator of economic development and socio-economic “well-being” in Hungary. The Hungarian Cement Association gives a brief overview of recent developments in the country’s cement sector in the context of the nation’s recent economic performance and outlines the key trends going forward. In 2011, GDP growth in Hungary has been weaker than the European average. In the first quarter, the Hungarian eco...