Vicat to take full control of Indian joint venture
Vicat is to take 100 per cent control of Vicat Sagar Cements after agreeing to buy out Sagar Cements from the joint venture company.
Weekly Newsletter
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OCL India inaugurates Bengal Cement Works
OCL India Ltd, the flagship associate company of Dalmia Cement Bharat Ltd, announced the commissioning of its cement manufacturing unit at West Midnapore, West Bengal. Mamata Ba...
European Commission objects to Spanish deal
The European Commission, the antitrust regulator in Europe, has objected to plans by Cemex to acquire Spanish units held by Holcim. However, a source told Reuters last week that...
Kenya: Holcim won't buy out Bamburi Cement
Holcim said it has no intention of making a takeover offer for Bamburi Cement Ltd in Kenya if competition regulators allow its planned merger with Lafarge SA, Bloomberg reports....
HeidelbergCement considering US cement plants
HeidelbergCement might buy the US and French cement plants that Lafarge and Holcim want to divest in order to receive the regulatory approval for their merger deal, according to...
Ireland: two former divisions of Quinn to be acquired
A consortium, including some executives from Sean Quinn's old business empire, expects to buy two divisions of the old business over the next two months. The Quinn Business Rete...
Nigeria: Lafarge to invest US$307m into Ashaka Cement expansion
Ashaka Cement (Lafarge Group) has secured a NGN50bn (US$307m) credit facility, in addition to internally-generated cash flows to expand its cement production base.
Bangladesh: supply glut or next Asian cement hub?
The high demand for quality cement in Asian markets has lured Bangladesh companies into expanding production capacity at their local factories or installing new plants. As a res...
Eurocement Group to build US$128m plant in Uzbekistan
Eurocement Group Holding of Russia is constructing a cement plant worth US$128m in Uzbekistan for its daughter enterprise Ahangarancement in the Tashkent region. Uzstroymaterial...
Martin Marietta completes TXI acquisition
Martin Marietta Inc said it has completed its acquisition of Texas Industries Inc (TXI). As a result, the common stock of TXI is no longer listed for trading on the New York Sto...