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...
Acquisition
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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...
Addoha reportedly to sell 30% African stake to HeidelbergCement
It has been reported that the Moroccan Addoha Group will sell 30 per cent of its African assets to HeidelbergCement, according to local news sources. The value of the transactio...
CRH confirms total disposal proceeds of EUR1bn for 2015
CRH plc confirmed today total disposal proceeds of approximately EUR1bn in 2015. This comprises the previously announced sale of its clay and concrete products operations in the...
Buzzi Unicem
The Italian anti-trust authority has cleared the proposed acquisition by Buzzi Unicem of the cement and aggregates operations of SACCI SpA.
Ssangyong Cement creditors reject Taiheiyo offer
The administration responsible for selling South Korea's Ssangyong Cement is likely to reject an offer made by Japan’s Taiheiyo Cement Corp, Ssangyong’s second-largest sharehold...