Newsbyte: YTL offers to buy Jurong Cement terminal
YTL Cement Singapore, a controlling shareholder of Jurong Cement Limited (JCL), wants to buy the property, plant and equipment pf JCL’s wholly owned subsidiary – Jurong Cement Bulk Terminal. YTL is offering S$50 million which, as reported in the Singapore press is higher than the S$ 11 million takeover offer from Holcim Investments Singapore. The offer includes the cement terminal and the land at Pulau Damar Laut, Singapore.
Holcim controls about 55% of Jurong Cement while YTL Singapore has a 22% stake.
Read the article online at: https://www.worldcement.com/asia-pacific-rim/14012010/newsbyte_ytl_offers_to_buy_jurong_cement_terminal/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
Responsible Capacity Growth, Powered by Your Data
As demand rises with urbanisation, manufacturers must meet growth targets while advancing 2030 and 2050 decarbonisation goals. AI Optimisation (AIO) technology is empowering teams with AI expertise to transform operations and accelerate their journey toward a smarter, more sustainable future.
