HeidelbergCement divests Spanish assets to Cemex
HeidelbergCement pushes forward its portfolio optimisation programme, and has signed agreements to sell its regional aggregates and ready-mixed concrete businesses in the region...
Acquistions
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Siam Cement to buy Vietnamese packaging company
Siam Cement is to acquire a Vietnamese packaging materials maker, Bien Hoa Packaging. The group will purchase Bien Hoa Packaging through a joint venture with top Japanese cardbo...
HeidelbergCement Bangladesh to acquire Meghna Energy
The Board of Directors of the HeidelbergCement Bangladesh Ltd has approved the draft scheme of amalgamation of the Meghna Energy Ltd with the HeidelbergCement Bangladesh Ltd sub...
Breedon enters agreement to acquire Lagan Group (Holdings) Ltd
Breedon Group Plc has entered into a conditional agreement to acquire Lagan Group (Holdings) Ltd (Lagan), a leading Belfast-based construction materials business, for a cash con...
The Ministry of Coal cancels mining licence
India's Ministry of Coal has cancelled the mining licence for the Mandla South coal block won by Jaypee Cement, following the sale of the attached plants to UltraTech Cement. Ja...
Vietnam: Thai acquisitions face tough competition
Thai companies have spent around US$600m acquiring assets in Vietnam even as the country’s cement producers face shrinking export markets and tougher domestic competition, Vietn...
USA: FTC approves HeidelbergCement divestiture
The US Federal Trade Commission (FTC) has given its approval to an application from HeidelbergCement and Italcementi for the divestiture of the Essroc Martinsburg cement plant i...
Sagar Cement to invest US$22m in new capacity
India-based cement producer Sagar Cement has announced that it plans to spend INR1.45bn (US$22m) over the next two years to expand its operations, the Hindu reports. The sum inc...
Deadline day reached for Lafarge India bids
Today (4 July) sees the passing of the deadline by which bidders must submit binding offers for Lafarge India's assets. According to press sources, five companies – three domest...
India: Jaypee Group debts threaten cement unit sale
Creditors of Indian conglomerate Jaypee Group have invoked debt restructuring provisions that allow them to convert loans into equity, turning them into the firm’s majority shar...