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News Century Textiles to sell cement business to UltraTech

Century Textiles to sell cement business to UltraTech

Written by Global Cement staff 22 April 2015
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India: Century Textiles & Industries is reportedly planning to sell its cement business and merge it in an all-share deal with India's largest cement maker UltraTech. Both companies are in the final stages of a plan to merge the cement businesses, according to local media.

Once approved by shareholders, the merged entity's cement production capacity would total 87M/yr. This would help UltraTech achieve 100Mt/yr ahead of its target of 2020. UltraTech would gain access to the eastern market while strengthening its presence in Maharashtra, Chhattisgarh and Madhya Pradesh.

Last modified on 22 April 2015
Published in Global Cement News
Tagged under
  • India
  • Century Cement
  • Century Industries
  • UltraTech Cement
  • Merger
  • Acquisition
  • GCW197
  • Shares
  • Maharashtra
  • Chhattisgarh
  • Madhya Pradesh

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