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Sberbank to purchase majority stake in Iskitimcement 08 January 2011 The acquisition application is pending FAS approval. (CW Group) Sberbank of Russia is planning to buy 51% of the stakes in NovosibirskÔÇÖs cement making company, Iskitimcement, revealed the Federal Antimonopoly Service official site which is currently... Type: Article Category: Mergers & Acquisitions CRH investments hit 536 mm euros in 2010 05 January 2011 Building materials firm's acquisitions total 367 mm euros in the second half of the year. ┬á (CW Group) Ireland based CRH spent a total of 536 mm euros to improve its business last 2010, including 367 mm euros in the second half of the year on... Type: Article Category: Mergers & Acquisitions Raysut closes on Pioneer Cement acquisition 03 January 2011 Omani firm pays $172 mm for UAE based firm. (CW Group) Raysut Cement has paid $172 mm for Pioneer Cement, adding 1.7 mm tons to Raysut's installed capacity, a report from Arabian Business said. ┬á Raysut announced the deal last October. The Omani firm... Type: Article Category: Mergers & Acquisitions Raysut to acquire Pioneer by year end 23 December 2010 and acquire the UAE firm Pioneer Cement by the end of the current year, said its CEO, Mohammed Ahmed Al Dheeb. The new acquisition with a capacity of 1.6 million tons annually, will boost the production capacity of Raysut, significantly improving the... Type: Article Category: Mergers & Acquisitions Raysut to acquire Pioneer by year end 23 December 2010 and acquire the UAE firm Pioneer Cement by the end of the current year, said its CEO, Mohammed Ahmed Al Dheeb. The new acquisition with a capacity of 1.6 million tons annually, will boost the production capacity of Raysut, significantly improving the... Type: Article Category: Markets & trade Egyptian cement makers post year to date decline 21 December 2010 Stephen, the director of the commercial division. World Bank under its IFC had inked for a 80 million euro deal for 16% acquisition of TitanÔÇÖs Alexandria Cement. Egypt was the only market which gave Titan profits last year helping it tide through the... Type: Article Category: Markets & Competition Algeria: Workers union accuses Lafarge of contract breaches 18 December 2010 Mitidja (CIMS) against the management of French Lafarge for its alleged breach of all the major terms agreed by them on acquisition of the plant, reported Algerie Soir. The union accuses the Lafarge management, which had acquired 38% holding in 2008 of... Type: Article Category: People Titan formalizes purchase of Kosovo's Sharr Cement 17 December 2010 Firm will add 600,00 tons of production capacity through acquisition. [$] (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid subscribers.","link":"1"}] Greeces Titan Cement has acquired Kosovo based... Type: Article Category: Mergers & Acquisitions LSR secures credit line for Leningrad plant. 16 December 2010 (CW Group) RussiaÔÇÖs LSR Group has secured a fresh 5 billion rubles credit line from Bank VTB North-West to fund the acquisition of new plant equipment for its Leningrad unit, a report from NSP said. "The new credit line this year will replace the... Type: Article Category: Financial Gresik aggressively looking for acquisitions 15 December 2010 one is in Malaysia. WeÔÇÖre still negotiating, so I canÔÇÖt disclose the names yet, but weÔÇÖre expecting to complete the acquisition next year,ÔÇØ he said. Gresik is looking to buy a cement firm with a production capacity of around three million tons... Type: Article Category: Mergers & Acquisitions FLSmidth sells technology to Foster Wheeler 15 December 2010 Equipment maker acquires CEntry Sulfur Recovery technology. (CW Group) Foster Wheeler has announced its acquisition of the CEntry Sulfur Recovery technology from Danish equipment maker FLSmidth, a a statement from the company said. The acquisition... Type: Article Category: Mergers & Acquisitions India court nixes Harish Cement plant proposal 13 December 2010 The court nixed the environmental clearances granted by the central environment ministry and the notifications of land acquisition issued by the state government, because it says the government illegally waived the public hearing at the request of the... Type: Article Category: Plant Expansions KHD Humboldt Wedag committed to India 09 December 2010 to act as a single point solution to all the concerns of the cement sector. According to Jouni Salo, CEO of KHD, the acquisition success confirms the validity of the strategic shift towards the BRIC-states: ÔÇ£Today, more than 50% of our order backlog... Type: Article Category: Features Coal India approaches NTPC on imports 07 December 2010 USA and South Africa. The company is looking for merchant bankers with experience of striking at least two coal asset acquisition deals, each worth $ 500 million or more. Copyright CW Group. All rights reserved. Unauthorized distribution expressly... Type: Article Category: Markets & trade High valuation persisist for Indian cement companies 29 November 2010 value deals, reported MSN. Domestic companies like the Murli Cement of Chandrapur and Shree Cement are staying away from acquisition offers from the existing big fishes to reap in this valuation spur. While the local companies are demanding a value... Type: Article Category: Markets & Competition Asia Cement ups stake in China's Sunnsy Group 24 November 2010 ChinaÔÇÖs and a further 10% stake in the groupÔÇÖs northeastern and northwestern China markets, wrote CENS. The current acquisition plan marks the companyÔÇÖs third investment in this group, this year. While the MoU has been signed, all the acquisition... Type: Article Category: Mergers & Acquisitions Japan's Mitsubishi Cement gets soil treatment permit 21 November 2010 1 this year was. Contaminated soil treatment business license is obtained, will be the first in Fukuoka Prefecture. The acquisition of this permit, as a cement manufacturing facility is second in the nation, as is the case of the first western. The... Type: Article Category: Environment Votorantim, BioBio purchase stakes in Peru's Cempor 15 November 2010 and Brazils Votorantim have both purchased a combined 59% of Perus Cempor, a report from Terra said. Biobio finance the acquisition by increasing its capital base by $59 mm. Votorantim and Biobio now have 29.5% each of Cempor, while the remaining 41% is... Type: Article Category: Markets & Competition PPC mulls new units in Africa on no targets 09 November 2010 Possible construction of new units comes after company found no suitable acquisition targets. ┬á (CW Group) South Africa's Pretoria Portland Cement is now thinking of constructing new cement units in Africa, after it found no suitable acquisition... Type: Article Category: Markets & Competition US cem ass'n appoints new leaders 09 November 2010 to develop its U.S. business. In 1994, he became CEO of Titan Atlantic, which in 2000 became Titan America, following the acquisition of Tarmac America, the statement added. Perez is the current president of Cemex USA, headquartered in Houston, Texas.... 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