Cement companies vie for Lafarge’s Indian assets
Published by Joseph Green,
Editor
World Cement,
According to a variety of sources, a group of overseas cement companies are competing with each other to secure India’s Lafarge cement assets sale.
The probable applicants list includes Votorantim, HeidelbergCement, CRH plc, and the Indian conglomerate JSW.
The Competition Commission of India directed Lafarge to dispose some of its assets last year. This directive came over trust issues that the company had with the Swiss major cement group Holcim, in April 2014. The concern of the CCI rose from the fact that Lafarge and Holcim would dominate the Indian market as each company produces a capacity of 68 metric tpy.
While Lafarge had its dominance over eastern India, Holcim through its subsidiaries, ACC and Ambuja dominated over the remaining Indian states.
Heidelberg and CRH are in the process of ramping up their capacities in India.
Edited from sources by Joseph Green. Sources: IB Times, The Dollar Business, Deal Street Asia
Read the article online at: https://www.worldcement.com/indian-subcontinent/09032016/cement-companies-lafarge-indian-assets-658/
You might also like
The World Cement Podcast - What's next for US Cement?
In this episode of the World Cement Podcast, we are joined by Mike Ireland, President and CEO of the ACA or American Cement Association. Listen in as Mike and David dive into a range of topics, including the ACA’s recent rebranding efforts, decarbonisation, policy and legislation, and the impact of AI on cement demand.
Tune in to the World Cement Podcast on your favourite podcast app today.
