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News LafargeHolcim and HeidelbergCement join bidding war for Emami Cement

LafargeHolcim and HeidelbergCement join bidding war for Emami Cement

Written by Global Cement staff 07 October 2019
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India: LafargeHolcim and HeidelbergCement have joined a bidding war for Emami Cement. LafargeHolcim is reported to have submitted an expression of interest via its subsidiary Ambuja Cement, according to the Hindu newspaper. HeidelbergCement has submitted its bids through HeidelbergCement India. Emami Cement has an expected value of around US$845m. Nuvoco Vistas Corporation, Shree Cement and Dalmia Bharat have also been linked to the sale.

Emami Cement operates a 2.5Mt/yr integrated plant at Risda in Chhattisgarh and a 2.5Mt/yr grinding plant at Panagarh in West Bengal. It acquired a 0.6Mt/yr grinding plant at Bhabua, Bihar in September 2018. In addition, the firm has mining assets in Guntur in Andhra Pradesh and near Jaipur in Rajasthan. Its main markets are in West Bengal, Chhattisgarh, Odisha, Jharkhand, Bihar, Maharashtra and Madhya Pradesh. It markets its products under the Double Bull brand.

Last modified on 07 October 2019
Published in Global Cement News
Tagged under
  • India
  • LafargeHolcim
  • Ambuja
  • HeidelbergCement
  • Emami Cement
  • Nuvoco Vistas
  • Shree Cement
  • Dalmia Bharat
  • Chhattisgarh
  • West Bengal
  • Bihar
  • Andhra Pradesh
  • Rajasthan
  • GCW426

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