Bahrain: 10% stake in Falcon Cement snapped up
Abu Dhabi Financial Group (ADFG) will buy a 10 per cent of Bahrain-based Falcon Cement Company from the Bahraini Islamic investment bank GFH Financial Group. The US$120m integra...
Weekly Newsletter
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Lafarge India initiates sale of cement units
French cement-maker Lafarge's India arm has initiated the process of sale of its India business with the appointment of two investment bankers. The business comprising cements p...
HeidelbergCement's refinancing for Italcementi acquisition reduced
HeidelbergCement priced a eurobond issue under its EUR10bn Euro Medium Term Note (EMTN) programme with an issuance volume of EUR1bn and a maturity date of 30 March 2023. The bon...
Ecocem to invest EUR5m in two UK terminals
Ireland-based Ecocem will open a new terminal at Runcorn, on the Manchester Ship Canal, to help the company import into the UK, and plans a second terminal later this year in th...
LafargeHolcim brands CRH purchase write-down claims "without merit"
CRH is disputing the value of the assets it purchased in February last year as part of the requirement from competition regulators to allow the creation of LafargeHolcim. The EU...
Cement Australia stake up for sale?
One of the two main shareholders of Cement Australia is reported to consider a potential sale of its 50 per cent stake, according to market sources.
HeidelbergCement improves margins and profit
HeidelbergCement's turnover increased by 6.7 per cent last year to EUR13,465m and the EBITDA improved by a 14.2 per cent to EUR2612.7m and the trading profit advanced by 15.7 pe...
German cement demand reaches 26.6Mt in 2015
German cement consumption reached approximately 26.6Mt in 2015, some 2.2 per cent less than the previous year, according to German Cement Works Association (VDZ). The outlook fo...
Spanish demand up 8.4% in February
Demand for cement in Spain has grown 8.4 per cent YoY to 891,297t in February, according to the latest figures of Oficemen, the country’s cement association. According to Anicet...
PPC eyes longer-term growth outside of Africa
PPC has unveiled a new expansion strategy that envisages doubling the business every 10 years and growing beyond its traditional markets in Africa.