Cement News tagged under: merger

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JSW Group links steel and cement for large project businesses

08 June 2021, Published under Cement News

Following 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 operations

11 December 2020, Published under Cement News

St 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 assets

10 July 2020, Published under Cement News

Dyckerhoff 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...

UltraTech

31 July 2019, Published under Cement News

UltraTech 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 merger

14 June 2019, Published under Cement News

Grupo 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 merge

28 June 2018, Published under Cement News

The 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...

PPC

30 August 2017, Published under Cement News

PPC 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...

PPC

28 March 2017, Published under Cement News

AfriSam 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...

PPC

27 February 2017, Published under Cement News

South African cement manufacturer PPC is reportedly in talks with its nearest rival AfriSam Group over a possible merger. Merger talks first took place in 2014 when PPC’s share price came under pressure. Today PPC is valued at around US$823m and has borrowed heavily of late to build new capacity in Ethiopia, Rwanda, Zimbabwe and the Democratic Republic of Congo. However, the slow implementation of infrastructure investment in its home market and the loss of its investment grade debt ratin...

HeidelbergCement merges HC Trading and Interbulk Trading

23 November 2016, Published under Cement News

Following the acquisition of Italcementi by HeidelbergCement Group, HC Trading and Interbulk Trading have merged their operations into a new company with a total turnover of round US$1.4bn (based on 2015 trade volumes). The merger of HC Trading and Interbulk Trading under the entity of HC Trading BV will carry the group’s international trading activities, specialising in cement, clinker, coal and petcoke, one step further by expanding the trade network and improving its position in the ma...