Smarter deducting - Longer filter life - See CK Injector at POLLUTEC Lyon, 7 - 10/10/2025 - CK World
Smarter deducting - Longer filter life - See CK Injector at POLLUTEC Lyon, 7 - 10/10/2025 - CK World
Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Privacy & Cookie Policy
  • About
  • Trial subscription
  • Contact
News HeidelbergCement sells Lehigh White Cement stake

HeidelbergCement sells Lehigh White Cement stake

Written by Global Cement staff 15 February 2018
  • Print

US: HeidelbergCement has announced that its subsidiary Lehigh Cement Company has signed an agreement to sell its 51% position in Lehigh White Cement Company to the minority shareholders Aalborg Cement Company and Cemex. Closing of the transaction is subject to customary conditions and is expected during the first quarter 2018. Authorisation by the Antitrust Authority has already been obtained.

Lehigh White Cement Company operates two plants in Waco, Texas and York, Pennsylvania with a combined production capacity of approximately 0.26Mt/yr.

“As a niche product with small volumes, the standalone production of white cement does not fit to the strategic focus on efficiency of HeidelbergCement,” said Bernd Scheifele, Chairman of the Managing Board of HeidelbergCement. “The disposal is part of our global portfolio review and optimisation with the goal to generate additional cash flow in order to support our disciplined growth and increase shareholder returns.”

Cemex, via its US subsidiary, will increase its stake from 24.5% to 36.75% when the deal is completed. It will pay US$34.0m. Cementir, via Aalborg Cement, will pay US$107.m for the purchase of a further 38.75% stake. This will take its total share to 63.25% once the deal goes through.

"This acquisition gives us the opportunity to enter the direct management of assets in the US in a segment, that of white cement, which is our core business, strengthening our global leadership consistent with our development strategy," commented Francesco Caltagirone Jr, President and chief executive officer of Cementir Holding.

Last modified on 15 February 2018
Published in Global Cement News
Tagged under
  • HeidelbergCement
  • Lehigh White Cement
  • Aalborg Portland
  • Cementir Holding
  • Cemex
  • GCW341

Related items

  • Cemex and Enagás partner to develop CO₂ maritime transport solutions
  • Cemex completes sale of Panama operations to Grupo Estrella for US$200m
  • Rafael Villalona appointed as head of UNACEM North America
  • Juan Moreno appointed as Investment and Business Development Manager at Titan Group
  • Elsawy Ahmed resigns as manager of Twiga Cement’s Wazo Hill plant
back to top
“Loesche
Power, precision and performance! All in one machine. SR-MAX2500 Primary Shredder for MSW - Fornnax
AirScrape - the new sealing standard for transfer points in conveying systems - ScrapeTec
UNITECR Cancun 2025 - JW Marriott Cancun - October 27 - 30, 2025, Cancun Mexico - Register Now
Acquisition Asia carbon capture Cemex China CO2 concrete coronavirus data decarbonisation Export Germany Government grinding plant Holcim Import India Investment LafargeHolcim market Pakistan Plant Product Production Results Sales Sustainability UK Upgrade US
« October 2025 »
Mon Tue Wed Thu Fri Sat Sun
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31    



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement X
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Privacy & Cookie Policy
  • About
  • Trial subscription
  • Contact
  • CemFuels Asia
  • Global CemBoards
  • Global CemCCUS
  • Global CementAI
  • Global CemFuels
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online
  • LinkedIn
  • Facebook
  • X

© 2025 Pro Global Media Ltd. All rights reserved.