Russia: Buzzi Unicem has completed the acquisition of 100% of Uralcement from for Euro104m in cash. The acquisition of Uralcement's plant in Korkino raises Buzzi Unicem's annual production capacity in Russia to 4.5Mt/yr.
In September 2014 Buzzi Unicem, via its German wholly-owned subsidiary Dyckerhoff, agreed to acquire Uralcement, subject to regulatory approvals expected by the end of 2014. Having obtained the authorisations, Buzzi Unicem has finalised the agreement for the acquisition of Uralcement's plant in Korkino, south of Chelyabinsk, with a cement production capacity of 1.1Mt/yr.
Buzzi Unicem seeks to boost its position in the Urals region and benefit from the combined production network with Dyckerhoff's plant at Sukhoy Log. Dyckerhoff entered the Russian cement market in 1994 with the acquisition of a stake in Sukholozhskcement.