Ibeto Cement signs deal to receive US$850m in funding
Nigeria’s Ibeto Cement Co Ltd has signed a deal to receive US$850m in financing from Milost Global Inc, according to the New York-based private equity firm. The binding agreemen...
Mergers And Acquisitions
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UltraTech set to acquire Century Textiles' cement business
UltraTech has announced plans to acquire the cement sector of Century Textiles through a share swap deal, which will further strengthen its presence in the eastern and central m...
Pakistan's Popular Group has reportedly purchased Dadabhoy Cement
Pakistan’s Popular Group of Industries has reportedly purchased Dadabhoy Cement Industries Ltd. The company’s plant in Dadu District, Sindh Province, has been closed for several...
Huaxin heads for excellence Premium
With a clinker capacity of 60Mta and a cement capacity of 90Mta, Huaxin Cement is a major player in the global cement industry. ICR spoke with Li Yeqing, CEO of Huaxin Cement, t...
UltraTech announces new bid for Binani Cement
UltraTech Cement announced its intention to take over Binani Cement on Monday, with an offer of INR72.66bn (US$1.11bn). The new offer follows Dalmia Cement's claim that its INR6...
A path towards value creation - part 2 Premium
Following on from the first part of this article (ICR February 2018/ CemNet 28 February 2018 ), McKinsey & Co establishes the four strategic levers for value creation and explai...
Adelaide Brighton announces results for 2017
Adelaide Brighton has announced its results for the full-year period, ended 31 December 2017. The company saw a 2.3 per cent YoY fall in net profit to AUD182m (US$141m), but rev...
Lafarge Surma Cement changes name
Lafarge Surma Cement Ltd has changed its name to LafargeHolcim Bangladesh Ltd, effective from Thursday. According to a notification to the Dhaka Stock Exchange, "other things of...
FLSmidth acquires Sandvik Mining Sytems
FLSmidth has announced that its acquisition of Sandvik Mining Systems has been finalised. The deal will see the integration of continuous surface mining and minerals handling te...
Dalmia Bharat wins bid for Binani
Dalmia Bharat Cement Ltd won the bid for Binani Cement on Tuesday, despite UltraTech Cement submitting an almost identical offer. The panel supervising the insolvency proceeding...