Cement News tagged under: merger
Heidelberg Materials' divestments and merger ripples28 April 2023, Published under Cement NewsHeidelberg Materials has been looking to simplify its portfolio and reposition the company on a net zero path. This has seen divestment and merger ripples recently reach the cement markets of Georgia and Tanzania. Creating funds to reallocate for investments in the circular economy and the wider building materials sector has seen Heidelberg Materials start to accelerate divestment activity this year. The group's divestment of its eastern European joint venture in Georgia, where it held a ... |
Fauji Cement to become Pakistan’s third-largest cement player20 October 2022, Published under Cement NewsThe Fauji Cement Company Ltd (FCCL) is currently undertaking two expansions to become the second-largest cement producer in the north of Pakistan and third-largest cement player in the country as a whole. Top officials from the company disclosed this during a corporate briefing on 18 October discussing the FY21-22 financial result (the FY21-22 profit of the company was the highest in history) and future outlook. According to Topline Pakistan Research, the merger of Askari Cement and ... |
JSW Group links steel and cement for large project businesses08 June 2021, Published under Cement NewsFollowing the successful integration of its retail trade across steel and cement into JSW One in the east, the US$12bn JSW Group and India's largest steel producer will now have a single group interface for all its large project divisions in the steel and cement businesses. The Indian conglomerate has created Aikyam, a technology platform where details can be accessed by the managers of large project divisions from both these businesses to capitalise on the potential opportunities. Aikya... |
Votorantim and McInnis to combine Canadian operations11 December 2020, Published under Cement NewsSt Marys Cement Inc (Canada), a wholly-owned subsidiary of Votorantim Cimentos, and McInnis Cement Inc announced that they will combine their assets to create a combined entity to manufacture, distribute and sell cement in Canada and the USA. The joint venture will be owned by Votorantim Cimentos International (VCI), the international investments platform and wholly-owned subsidiary of Votorantim Cimentos SA, the sixth-largest cement producer in the world, and Caisse de dépôt et placement du... |
SLK Cement unifies assets10 July 2020, Published under Cement NewsDyckerhoff Korkino Cement has completed its merger with SLK Cement, as part of parent company Buzzi Unicem’s reorganisation of its Russian assets under the unified SLK Cement brand. According to SLK Cement’s CEO, Andrey Immoreev, the company will continue to improve its production process, product and client service. SLK Cement currently includes the subsidiaries of Sukholozhskcement, Omsk and Korkino Cement as well as the CemTrans transport company. The company supplies its products mai... |
UltraTech31 July 2019, Published under Cement NewsUltraTech Cement’s merger with Century Cement will reportedly be completed by September this year. Century’s cement business consists of three integrated units, located in Madhya Pradesh, Chhattisgarh and Maharashtra, along with a grinding plant in Bengal. Once completed the deal will boost UltraTech’s cement production capacity to more than 117Mta. “The transaction gives us an opportunity to strengthen our presence in the highly-fragmented, but competitive and fast-growing eastern and ce... |
Grupo Argos interested in Summit Materials merger14 June 2019, Published under Cement NewsGrupo Argos has approached US aggregates and cement producer Summit Materials Inc about a merger, according to people familiar with the matter. The deal would expand Grupo Argos’ footprint, but it remains uncertain whether Summit Materials would be prepared to negotiate a deal with Argos, said Reuters. The news saw shares of Summit increase by 14 per cent to US$15.51, resulting in a US$1.8bn market capitalisation for the US company. However, as at the end of March, it had accumulated US$... |
Nigeria's CCNN and Kalambaina Cement to merge28 June 2018, Published under Cement NewsThe Board of Directors of Nigeria’s Cement Co of Northern Nigeria (CCNN) and owners of the 0.5Mta Sokoto cement plant have announced that it has informed the Nigerian Stock Exchange of its proposed merger with BUA-owned Kalambaina Cement Co Ltd, owned and operators of the 1.5Mta Kalambaina plant in Sokoto state, Nigeria. CCNN's Managing Director, Ibrahim Aminu, said the proposed merger would improve the competitiveness of CCNN in its home market and also enable it utilise the more modern p... |
PPC30 August 2017, Published under Cement NewsPPC Zimbabwe recorded its highest monthly volumes in seven years in June 2017. In the year ended 30 June 2017, the company also saw double-digit volume growth, following a new US$82m grinding plant in Harare, which boosted the company’s production capacity in the country to 1.4Mta. Across Africa PPC has seen double-digit volume growth compared to last year, with revenue and EBITDA also both ahead. In Ethiopia, where PPC cement production only began in June this year, more than 100,000t of... |
PPC28 March 2017, Published under Cement NewsAfriSam is reportedly appointing a new chief executive officer to help pave the way for the company’s proposed merger with PPC. Stephen Olivier, AfriSam’s existing CEO, is to be replaced on a short-term basis by Rob Wessels, a former chief investment officer at AfriSam’s partner Phembani Group, until the permanent candidate is announced. Last month the two companies revived talks of a merger, an idea that was abandoned two years ago. With both companies tackling poor pricing in their home... |