Cement News tagged under: acquisitions
Limak plans EUR1bn Africa spending spree18 December 2015, Published under Cement NewsTurkey's Limak Cement is currently in talks to acquire African cement operations to the value of EUR1bn, according to senior executive quoted by Reuters. While there was no certainty that the deal would go ahead, the Turkish cement producer has reportedly signed a confidentiality agreement relating to the acquisition from an international cement company. "A global cement firm is considering selling its facilities in three African countries... We are seriously interested and have signed a c... |
Blazing the acquisition trail14 December 2015, Published under Cement NewsNorth American construction materials company Summit Materials has been engaged in an impressive phase of expansion, enhancing its portfolio both organically and through acquisitions. Having effectively doubled its cement capacity through the recent purchase of a 1.2Msta cement plant in Davenport, Iowa, Summit Materials President and CEO, Tom Hill, speaks to ICR about the timely nature of the deal, how it fits with the company’s vertical integration model and plans for growth. Followi... |
HeidelbergCement02 July 2015, Published under Cement NewsHeidelbergCement has commented on rumours that it is in advanced talks to acquire Jaiprakash’s Sikandarabad works in Uttar Pradesh, saying that "There are no such proposals at the moment". HeidelbergCement is also being mentioned as a possible buyer of one of the two Indian plants that Holcim and Lafarge have been instructed to sell if the merger goes through. |
The year ahead...12 January 2015, Published under Cement News2015 has got off to something of a bumpy start with sharply-declining oil prices (below US$50/bbl at the time of writing), on-going geopolitical risks (eg Russia and Syria), and economic uncertainty in some key regions, most notably the eurozone. China will continue to be the focus of attention as its government tries to engineer a smooth transition from an investment-driven to consumption-led economy. This will have big implications for cement demand, which has been a major beneficiary of ... |
CRH first-half development spend EUR0.25bn03 July 2012, Published under Cement NewsCRH plc has completed 18 acquisition and investment initiatives undertaken during the first-half of 2012. The 18 transactions, comprising five in Europe and 13 in the Americas, bring first-half development spend for the Group to approximately €0.25bn, the group said in a development strategy update today. The European deals amounted to an investment of EUR155m. These transactions include a significant addition in Germany to the company’s RMI-oriented Shutters & Awnings business and two ac... |