CRC Cement Holdings to acquire 40% stake in Yunnan producer, China
China Resources Cement Holdings Ltd (CRC) has agreed to pay CNY1.51bn (US$236.9m) for a 40 per cent stake in cement producer Yunnan Kunming Iron & Steel Building Materials Group...
Mergers And Acquisitions
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HeidelbergCement strengthens finances for Italcementi deal
HeidelbergCement has strengthened its financing to prepare itself for the acquisition of Italcementi. On 31 August, the cement producer completed the disposal of its lime busine...
HeidelbergCement
Indocement is to cease production at three older lines it its Citeureup works in Indonesia. The production lines to be closed are P1, P2 and P6. The new P14, with a cement capac...
UltraTech Cement poised to lift capacity to 71Mta
UltraTech Cement is set to take its capacity to 71.2Mta by 31 March 2016 on the back of ongoing projects as well as recent acquisitions, chairman Kumar Mangalam Birla said on Fr...
India: BMM Cements becomes wholly-owned subsidiary of Sagar Cements
Sagar Cements has acquired 100 per cent equity holding in BMM Cements. With this, BMM Cements has now become a wholly-owned subsidiary of the company. The company had earlier re...
CRH's first-half driven by the Americas
CRH's first half turnover advanced by 12.6 per cent to €9,370m and the EBITDA improved by 9.9 per cent to €555m. The trading profit increased by 11.2 per cent to €189m and after...
Fletcher Building to sell Rocla Quarry Products business to Hanson
Fletcher Building Ltd has entered into a conditional agreement to sell the operations of Rocla Quarry Products (RQP) to Hanson Construction Materials in a transaction valued at ...
Fosroc reaches agreement to acquire majority shareholding in Idea Kimya, Turkey
Fosroc, the international construction chemicals group, said it has reached an agreement to acquire a "substantial majority shareholding" in Turkish cement additives company Ide...
Cemex announces divestment of operations in Austria, Hungary and Croatia
Cemex announced today that it has signed an agreement for the sale of its operations in Austria and Hungary to the Rohrdorfer Group for approximately EUR160.1m. The Austrian ope...
CalPortland Co to buy Martin Marietta's California cement business
Taiheiyo Cement Corp announced Tuesday that its California subsidiary CalPortland Co (CPC) will buy Martin Marietta Materials Inc's cement business in California for US$420m. Ma...