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

 EnviroTech 2020

[ONLINE] EnviroTech 2020

EnviroTech 2020 is an online conference for professionals in the cement sector. Featuring presentations from industry experts, you can join this completely virtual conference from anywhere in the world, absolutely free. Register for free today »


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