Cement News tagged under: merger

RSS feed

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...

India: Dalmia OCL merger

07 November 2016, Published under Cement News

The boards of Dalmia Bharat Ltd and OCL India have decided to merge the two entities, creating the fourth-largest cement manufacturer in India with a total capacity of 25Mta and annual revenues of approximately INR100bn (US$1.5bn). OCL will merge with Dalmia Bharat and will issue fresh shares for public shareholders in lieu of their ownership in OCL. Public shareholding in OCL stands at a little over 25 per cent. Dalmia Bharat will not be issuing any fresh shares against its own 74.9 per ...

China National Building Materials (CNBM)

19 October 2016, Published under Cement News

CNBM’s recent merger with China National Materials Group Corp is creating China’s largest building materials company with total assets of more than US$82bn.The merger is part of the wider trend of cement producer consolidation currently taking place in China. The China Cement Association (CCA) prepares to tackle overcapacity through consolidation. The CCA has announced that by 2020 more than 60 per cent of the China’s cement production capacity will be controlled by the top 10 compani...

China: consolidation on production capacity by 2020

10 October 2016, Published under Cement News

The China Cement Association (CCA) has advised that the merger of leading cement companies will likely concentrate the industry’s capacity, informing that government that by year end 2020 more than 60 per cent of production capacity would be controlled by the top 10 companies. President of the CCA, Qiao Longde, said, “there are too many cement enterprises, which makes it very hard to utilise resources effectively." The industry is experiencing low efficiency and fragmentation as most plan...