UltraTech Cement in talks to buy ABG Cement plant, India
India’s largest cement producer, UltraTech Cement, is in talks to purchase an incomplete 6.7Mta cement plant in Gujarat owned by the ABG Cement group, the Economic Times of Indi...
Mergers And Acquisitions
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Cimpor and InterCement announce Brazil asset merger
Cimpor’s board of directors has approved the merger of two of its subsidiaries in Brazil, namely Cimpor Cimentos do Brasil and InterCement Brasil, Cimpor announced. Both compani...
Loesche acquires majority stake in aixprocess and aixergee, Germany
Loesche announced it has acquired the majority of stakes in the aixprocess and aixergee engineering companies based in Aachen, Germany. aixergee GmbH is specialised in the optim...
Huaxin to acquire stakes in two Hubei-based companies, China
Huaxin Cement is continuing its acquisitions policy by announcing it plans to acquire stakes in two companies based in Hubei province. The Chinese producer is set to buy a 70 pe...
Sabanci Holdings on the cement acquisition trail, Turkey
Turkish industrial group Sabanci Holdings is reportedly on the acquisition trail both at home and abroad as it seeks to double its capacity in five years. The group is currently...
India Ratings revises outlook on cement sector
India Ratings has revised its outlook for Indian cement manufacturers from "negative" in 2012 to "stable to negative" for 2013, driven by limited downside risk for demand.
Siam Cement in talks for European acquisitions
Siam Cement is in talks to buy building materials, petrochemical business in Europe, according to its chief executive Kan Trakulhoon. Mr Trakulhoon told reporters that the compa...
Lafarge announces joint venture with Elementia, Mexico
Lafarge announces it has reached an agreement with Elementia to combine their cement assets in Mexico. Lafarge will bring its two plants of Vito and Tula for a total capacity cl...
PT Semen Gresik officially changes name, Semen Kupang takeover recommended
PT Semen Gresik has officially changed its name to PT Semen Indonesia and is being urged by the government to take majority ownership of state-owned cement producer Semen Kupang,
Lafarge & Anglo America announce completion of joint venture
Lafarge and Anglo American announce the completion of their 50:50 joint venture which combines their cement, aggregates, ready-mix concrete, asphalt and asphalt surfacing, maint...