Lafarge Shui On Cement is set to become a wholly-owned subsidiary of LafargeHolcim, with the announcement that Lafarge has signed an agreement to acquire the 45% stake in the Chinese JV held by SOCAM Development Limited. The HK$2553 million deal is subject to the completion of the merger with Holcim.
Lafarge Shui On Cement has a total cement production capacity of 32 million t in Southwest China – in the provinces of Yunnan, Sichuan, Guizhou and Chongqing. This transaction is subject to the approval of the shareholders of SOCAM.
There is no shortage of challenges when it comes to any cement silo cleanout project. Mole•Master Services Corporation was contracted to resolve a number of issues at a large cement producer in northeastern Missouri, US.
As part of their proposed merger, Lafarge and Holcim have entered exclusive negotiations with CRH regarding the sale of several assets, including operations in Europe, Canada, Brazil and the Philippines.