15 December 2016
Fecto Cement to bid for Dewan Cement’s Hattar plant 15 December 2016
Pakistan: Fecto Cement plans to bid for the Hattar cement plant owned by Dewan Cement. Abdul Samad, Fecto Cement’s company secretary, said that the company would evaluate the information to be provided by the financial advisor of Dewan Cement for carrying out due diligence in relation to the prospective acquisition of the plant. He added that the sale would be subject to finalisation of commercial terms, completion of due diligence, execution of definitive agreement and receipt of regulatory approvals.
Cruz Azul to spend US$300m on plant upgrades 15 December 2016
Mexico: The Cruz Azul Cooperative plans to spend US$300m towards upgrades at its four cement plants. The investment will form part of a modernisation project over the next four years, according to CNN Expansión. The initiative will involve updating older production lines with environmental upgrades, expanding its production capacity for export and generating energy from wind power.
Lafarge Surma Cement to buy Holcim Bangladesh 15 December 2016
Bangladesh: Lafarge Surma Cement, a joint venture between LafargeHolcim and Cementos Molins, intends to buy a 100% stake in Holcim Bangladesh from LafargeHolcim for US$117m. The transaction is subject to approval by the shareholders of Lafarge Surma as well as other regulatory and customary approvals in Bangladesh. Following the acquisition Lafarge Surma Cement will operate one integrated cement plant and three grinding plants in the country. It will also offer a range of products including Supercrete, Holcim Strong Structure, Holcim Red and Holcim Gold.