Raysut Cement to acquire stakes in Indian cement producers in 1Q19
Raysut Cement of Oman plans to invest US$700m in the Indian cement market by 2022. The cement producer intends for approximately US$200m of this total to be invested in acquirin...
Acquisition
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Metso acquires Kiln Flame Systems Ltd
Metso has acquired UK-based combustion solutions and technology provider Kiln Flame Systems Ltd (KFS) to extend its pyroprocessing portfolio and capabilities. KFS specialises in...
Semen Indonesia mandates 5 banks for US$1.3bn bridge loan
Semen Indonesia has mandated five banks for a US$1.282bn bridge loan to support its acquisition of the local unit of LafargeHolcim. BNP Paribas, Deutsche Bank’s Singapore branch...
LKAB Minerals is set to acquire Francis Flower
LKAB Minerals of Sweden is working on a deal to complete the acquisition of Francis Flower by 3 December 2018. The Austrian Competition Authority gave clearance for the acquisit...
PT Semen Indonesia tightens grip on domestic market
This week, LafargeHolcim agreed that PT Semen Indonesia (SMGR) was the successful bidder to buy its 80.6 per cent shareholding in PT Holcim Indonesia at a cost of US$917m. The a...
Dandot Cement of Pakistan expects investment from new buyer
In its newly-released 2018 annual report, Pakistan-based Dandot Cement Co says it has received a firm intention from Calicom Industries (Pvt) Ltd to acquire control and 63,542,7...
Votorantim Cimentos sells 75% share in Shree Digvijay Cement
Votorantim Cimentos has agreed the sale of its 75 per cent stake in Shree Digvijay Cement Co Ltd (SDCCL) to Indian private equity firm True North. The sale requires the completi...
Aliko Dangote has targeted Kenyan producer believed to be ARM
Dangote Cement is understood to be in talks to buy the troubled Kenyan cement maker ARM. This follows an interview of Aliko Dangote by Bloomberg News in which he said: "There is...
Dandot Cement's losses depend in FY08
Dandot Cement Company Ltd (DCCL) of Pakistan announced its financial results for the year ended 30 June 2018, declaring a net loss of
A new wave of Asian overseas expansion?
This week CemNet reported on the announcement that Taiwan Cement is creating a new subsidiary, Dutch TCC Holdings, investing up to US$1.1bn in the new company. Dutch TCC Holding...