Semen Indonesia to sell 49% stake in unit
Indonesia's largest cement producer, Semen Indonesia, plans to sell a 49 per cent stake in one of its units to help fund the company's future expansion, according to Investor Da...
Acquisition
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India: Five bidders still in running for Lafarge
The Financial Express reports that Lafarge India has reduced the number of bidders vying to acquire its assets to a shortlist of five: Cemex, Anhui Conch Cement, JSW Cement, Pir...
China National Building Materials (CNBM)
Following an 82.8 per cent drop in its net profit in 2015, China National Building Materials (CNBM) has reported a further 44.6 per cent contraction in net profit attributable t...
PPC
According to PPC, cement consumption in South Africa reached 13Mt in 2015, up 7.7 per cent on the previous year. The growth is attributed to strong demand from the construction ...
PT Indocement
According to PT Indocement, its new plant in Citeureup, West Java, is due to be operational in 3Q16. The company has set aside IDR2.3trn (US$173.4m) from its 2016 capex to finis...
CRH interested in HeidelbergCement US and Belgian units
CRH has expressed an interest in acquiring HeidelbergCement’s US and Belgian assets. The Germany-based company is expected to divest in such units to comply with the requirement...
HeidelbergCement to sell Italcementi's Belgian operations as part of integration plan
HeidelbergCement has laid out its plans for the restructuring of Italcementi's operations following the former's moves to acquire a 45 per cent stake in the Italian firm last Ju...
Dangote: a paradigm shift Premium
ICR took the opportunity to meet with Dangote Cement’s new CEO, Onne van der Weijde, during the recent Cemtech Middle East & Africa conference in Dubai. The former area manager ...
India: UltraTech purchase of 22.4Mta capacity set to be announced
UltraTech Cement, already India's largest cement producer, is expected to confirm its purchase of Jaiprakash Associates' cement business.
UltraTech Cement
Grasim Industries is reportedly planning to spend IDR40bn (US$584.3m) on capacity expansions over the coming financial year, with IDR38bn of this earmarked for its subsidiary Ul...