Skip to main content

Aboitiz to invest in cement

Published by
World Cement,

Having secured a deal with Irish cement maker CRH Plc to purchase the Philippine assets of Lafarge SA, Aboitiz Equity Ventures Inc has announced that it plans to invest US$531 million in the cement business.

The announcement comes after Holcim and Lafarge declared that CRH would buy some of their assets for US$7.12 billion.

Aboitiz announced in May that it was hoping to partner with CRH to purchase Lafarge's assets in the Philippines.

The transaction is predicted to close within the second half of 2015.

Edited from source by Joseph Green. Source: Reuters

Read the article online at:

You might also like

Optimisation 2019

Optimisation 2019

Optimisation 2019 is an online conference for professionals in the cement sector. Since this is a completely virtual conference, you can join us from anywhere in the world, absolutely free Register for free today »


GCCA sets out case for concrete

The GCCA has set out the case for concrete and future world resilience needs at the World Built Environment Forum Summit.


Embed article link: (copy the HTML code below):