RHI Magnesita announces Indian merger
RHI Magnesita has announced a merger between its three companies in India, Orient Refractories, RHI India and RHI Clasil. Upon completion, the move will consolidate the group’s ...
Mergers And Acquisitions
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UltraTech Cement
In the quarter ended 30 June 2018, UltraTech Cement saw its net sales advance to INR88.41bn (US$1286m), up 27 per cent on the corresponding quarter a year earlier. Profit before...
Shree Cement acquires 98% stake in UCC
Shree Cement has completed the acquisition of a 97.6 per cent stake in the UAE’s Union Cement Co (UCC). The deal was struck through the company’s wholly-owned subsidiary, Shree ...
Martin Marietta acquires CRH America's divested asset
US-based Martin Marietta Materials has acquired CRH America’s Mallard Sand & Gravel business, which will add approximately 30Mt of aggregates to the company’s reserves. CRH was ...
Empire builder Premium
In this exclusive interview with ICR, Thomas Schmidheiny (72), major shareholder and Honorary Chairman of LafargeHolcim, traces the origins of the company from its single plant ...
CRH announces completion of Ash Grove acquisition
CHR has now completed the acquisition of Ash Grove Cement Co. The Irish building materials producer announced on 21 September 2017 it reached an agreement to acquire the Kansas-...
Belarusian government ready to sell Krasnoselskstroymaterialy
The Belarusian government is ready to sell Krasnoselskstroymaterialy to CRH for approximately US$200m, according to Deputy Prime Minister, Anatol Kalinin. "The investor does not...
CRH receives approval to acquire Ash Grove Cement
CRH Plc has received regulatory approval to acquire Ash Grove Cement Co. The US Federal Trade Commission has issued its consent order, with the US$3.5bn transaction expected to ...
Shree Cement announces investment plans
India’s Shree Cement Ltd has announced a INR35bn (US$519.79m) capital expenditure budget for the current financial year. The amount includes INR20bn which will be spent to concl...
Orient Cement terminates agreement with Jaypee Group firms
India’s Orient Cement has terminated the agreement to acquire two assets, Bhilai Jaypee Cement Ltd and the Nigrie cement grinding unit, from Jaypee Group firms for a total inves...