Reuters are reporting that the US Federal Trade Commission announced on the 15 November that it had approved an application from HeidelbergCement and Italcementi to divest the Essroc cement plant in Martinsburg, West Virginia, as well as eight cement terminals in the US mid-Atlantic region.
The divestiture, to Cementos Argos SA, was required by the regulator's ‘August 2016 final order settling charges that the US$4.2 billion merger of Heidelberg and Italcementi would likely harm competition in five regional markets for cement in the United States’.
Read the article online at: https://www.worldcement.com/the-americas/16112016/heidelbergcement-and-italcementi-divestment-bid-approved/
WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.
World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.
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