Displaying items by tag: Deal

Portugal: Molins has signed an agreement with Portuguese investment group Semapa to acquire 100% of cement producer Secil for €1.4bn. Molins said that the deal reinforces its presence in Europe and ‘completes its geographic expansion’ in Latin America by entering Brazil, the only major market in the region where it was not yet present. Secil operates in eight countries with a cement production capacity of approximately 10Mt/yr. Its operations span cement, concrete, aggregates, construction solutions and circular economy initiatives. The company employs more than 2900 people and recorded €740m in sales over the past 12 months.

Türkiye: Cement exporter Medcem has secured contracts for 5.5Mt of cement and clinker for 2026, up from 4.8Mt in 2025, according to Platts, part of S&P Global Energy. The deals include 4Mt of bulk cement and 1Mt of bagged cement for the US market. Medcem also signed clinker contracts totalling 1.5Mt, including 0.5Mt of low-chromium clinker for Europe and standard clinker for other markets such as West Africa.

“Compared to 2025, our prices and volumes are higher for 2026, unlike other exporting countries who’ve had to maintain their prices or give a discount,” said Medcem's Trading and Shipping Director Ender Sahin. He added that, to support growing demand, Medcem is expanding its grinding capacity by nearly 1Mt/yr by 2027, increasing its total capacity from 7.5Mt/yr to 9Mt/yr.

Türkiye: Titan has signed a share purchase agreement to acquire 100% of Traçim Çimento, which operates a 2.5Mt/yr integrated cement plant near Istanbul. The plant supplies the local market and can export to neighbouring countries and the US. A joint solar power project with the sellers is also planned.

The deal strengthens Titan’s operations in western Türkiye, where it already owns a grinding plant and pozzolana quarry in the Marmara region. It also complements the group’s export network to the US. The purchase price is approximately US$190m. The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals.

Saudi Arabia: Al-Jouf Cement has signed a one-year, US$10m sales agreement with Towa Development to export cement to Syria and Palestine. The contract, effective from 30 November 2025 to 29 November 2026, reportedly represents over 14% of the producer’s total revenue based on its latest audited results. The company will supply all types of cement to Towa Development for export throughout the contract period.

Oman: Raysut Cement has signed an exclusive distribution agreement with Somalia-based Barwaaqo Cement, valued at approximately US$45m/yr. The agreement will remain in effect until 14 September 2026. According to an official statement, the deal is expected to enhance capacity utilisation and improve overall returns.

Pakistan: Burj Clean Energy Modaraba (BCEM) and Power Cement (PCL) have signed a ‘green’ captive power transaction, a US$5.3m project to establish a 7.5MW wind captive power plant.

The deal is backed by a finance facility arranged by The Bank of Punjab, with participation from the National Bank of Pakistan and Pak Kuwait Investment Company. Power Cement said the initiative will allow it to generate clean and reliable electricity on-site, reducing reliance on fossil fuels and supporting Pakistan’s wider clean energy goals.

Algeria: The Souakri Group has signed a one-year agreement with a Libyan partner to supply cement by land and sea during the Intra-African Trade Fair in Algiers. The deal is valued at US$51m. Contracts signed at the fair, between Algerian and and other African companies totalled over US$300m, according to local press.

Nigeria: Holcim has completed the divestment of its Nigerian business, selling its entire 83.8% stake in Lafarge Africa to Huaxin Cement in a deal valued at US$1bn.

Holcim regional head Asia, Middle East & Africa Martin Kriegner said “We are pleased to have found in Huaxin Cement a trusted buyer that is committed to further developing the business in Nigeria. At the same time, the sale proceeds give Holcim additional capacity for our growth-focused capital allocation. We wish Lafarge Africa and Huaxin Cement continued success.”

Saudi Arabia: Qassim Cement has signed a US$298m contract with Sinoma International Engineering to build a fourth production line at its Buraydah plant. The new line will have a production capacity of 10,000t/day.

CEO and board member of Qassim Cement Omar Al-Omar said that the project will replace ‘outdated’, low-efficiency production equipment while optimising the plant’s existing infrastructure. Al-Omar added that the project will support the company’s sustainable growth strategy, aimed at meeting domestic demand and diversifying products in line with Saudi Arabia’s Vision 2030.

India: The Competition Commission of India has approved Ambuja Cements’ acquisition of Orient Cement, months after the Adani Group company announced the US$451m deal, according to The Economic Times.

Ambuja Cements first revealed plans to acquire Orient Cement in October 2024, intensifying its competition with rival UltraTech Cement.

The Indian cement sector has seen increased competition recently, with both UltraTech and Adani Group companies acquiring smaller firms to expand market share. Analysts had questioned whether the acquisition would secure regulatory approval due to industry oversupply concerns.