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Tag: Divestments

UNACEM to acquire Tehachapi cement plant from Martin Marietta Materials
  • 0
Friday, 25 August 2023 / Published in News

UNACEM to acquire Tehachapi cement plant from Martin Marietta Materials

Peru-based UNACEM has entered into a definitive agreement with Martin Marietta Materials to acquire its Tehachapi cement plant in California. North Carolina-based Martin Marietta Materials reported the value of the deal as US$317m. The companies expect to close the deal in mid-late 2023. Taiheiyo Cement subsidiary CalPortland previously terminated its deal to buy the Tehachapi
AcquisitionAssetsCaliforniaDivestmentsFederal Trade CommissionInvestmentMartin MariettaPlantUNACEMUS
Oldcastle APG acquires Saint-Gobain's US fence, railing and decking business
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Thursday, 03 August 2023 / Published in News

Oldcastle APG acquires Saint-Gobain’s US fence, railing and decking business

CRH subsidiary Oldcastle APG has acquired France-based Saint-Gobain’s fence, railing and decking business in the US. The business consists of two production locations, in Buffalo, New York, and Orem, Utah. Together, the sites employ 210 people. The business generated US$65.6m in sales in 2022. Saint-Gobain said that the divestment serves to advance its profile optimisation
CRHdeckingdiversificationDivestmentsNew YorkNorth AmericaOldcastle APGrailingsSaintGobainUSUtah
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Wednesday, 10 May 2023 / Published in News

Attock Cement preparing to approve sale of grinding plant in Iraq

Pakistan-based Attock Cement has scheduled an extraordinary general meeting in late May 2023 to approve the sale of a cement grinding plant at Khor Al-Zubair in Basra for around US$23m. It is preparing to sell a 60% share in the unit to a joint venture comprising Abdul Lateef Mohsin Al Geetan, an Iraqi national, and
Attock CementDivestmentsgrinding plantIraqPakistan
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Wednesday, 26 April 2023 / Published in News

InterCement selling up in Africa

InterCement, a Brazil-based cement producer controlled by Mover (formerly Camargo Corrêa), has started to receive offers for its assets in South Africa and Mozambique. The US-based bank JP Morgan is advising the company on structuring the group’s business in Africa. The value of the deal has been estimated at around US$300m. The company previously announced
BrazilCamargo CorreaDivestmentsEgyptIntercementMoverMozambiqueSouth Africa
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Tuesday, 11 April 2023 / Published in News

Western producers continue to face balancing act in Russia

After the initial shocking coverage of the Russian invasion of Ukraine, which began in February 2022, came announcements of the most extensive sanctions in history by the EU, G7 nations and others against Russia. In the EU, this effectively deconsolidated companies’ Russian subsidiaries, leaving decision makers with the choice whether to sell up or hold
Agency for the Prevention of Corruption terrorismBuzzi UnicemChinaCRHDivestmentsEUexit strategyExportFinlandGermanyGovernmentHeidelbergImportInstituteIrelandItalyKSELawLujaBetomixmaterialsNationalreadymixed concreteRosatomRosneftRudusRussiaSanctionsShutdownSLK CementSuspensionSwitzerlandUkraineWest China Cement
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Saturday, 08 April 2023 / Published in News

Hungarian ‘architecture law’ to regulate cement production volumes and prices

Hungary: The government has enacted an ‘architecture law’ which will increase its role in decision making within the Hungarian cement industry. When it enters force in July 2023, the law will let the government set producers’ cement volumes and prices. It will also require the companies to sell their products to the market-leading retail network, and
bagged cementCompetitionCorruptioncostsDivestmentsDunaDráva CementEUExportGovernmentHeidelberg MaterialsHungaryInternationalLawLimestoneLossMiningMonopolypriceRegulationsSchwenk ZementStakeTaxTradeTransparency

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