Siam City Cement to acquire Holcim Lanka
Siam City Cement (SCC) has signed a deal to buy Sri Lankan cement company Holcim Lanka Ltd for US$400m. The acquisition will turn SCC into the market leader in Sri Lanka.
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Siam City Cement (SCC) has signed a deal to buy Sri Lankan cement company Holcim Lanka Ltd for US$400m. The acquisition will turn SCC into the market leader in Sri Lanka.
Holcim Sri Lanka will invest US$20m to develop grinding capacity at the Ruhuna plant in Galle to meet the future demand in emerging markets. Vice president marketing and sales V...