Powtech Technopharm - Your Destination for Processing Technology - 29 - 25.9.2025 Nuremberg, Germany - Learn More
Powtech Technopharm - Your Destination for Processing Technology - 29 - 25.9.2025 Nuremberg, Germany - Learn More
Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Privacy & Cookie Policy
  • About
  • Trial subscription
  • Contact
News Assets

Displaying items by tag: Assets

Subscribe to this RSS feed

P&O Maritime Logistics to acquire controlling stake in NovaAlgoma cement assets

04 July 2025

Global: P&O Maritime Logistics (POML), a subsidiary of Dubai-based terminal operator DP World, will acquire a 51% controlling stake in NovaAlgoma Cement Carriers’ wholly owned cement assets, according to Offshore Energy news. POML has entered a definitive agreement with NovaAlgoma Cement Carriers, the joint venture between Canada’s Algoma Central Corporation and Italian-Swiss Nova Marine Group.

The deal excludes NovaAlgoma’s joint venture interests in Northern Europe, Indonesia and Greece. NovaAlgoma will retain a 49% minority interest to be held in a new entity based in Dubai (NACC). Vessel operations will remain unchanged under current commercial and technical management, the companies said. NovaAlgoma's cement assets serve key infrastructure markets across North America, Europe, the Mediterranean, South Asia and the Caribbean.

Nova CEO Vincenzo Romeo said “We’re excited about the opportunities this partnership with DP World brings. It will allow us to expand the geographic reach of our fleet and better serve global logistics demands.” He added “NACC’s pneumatic cement carriers play a vital role in supporting the construction industry, delivering cement powder for infrastructure projects, now to even more regions around the world.”

Published in Global Cement News
Read more...

Votorantim Cimentos completes divestment of Moroccan operations

01 July 2025

Morocco: Votorantim Cimentos has completed the full sale of its partnership and all associated assets in Morocco to Heidelberg Materials. The transaction followed regulatory approval and clearance in Morocco, with the delivery of assets and financial settlement finalised. The commercial terms of the transaction were not disclosed.

Published in Global Cement News
Read more...

West China Cement to sell assets to Anhui Conch for US$230m

26 June 2025

China: West China Cement will sell Yili Yaobai Cement, Huocheng County Nangang Xixin Mining Industry and Xinjiang Baihang Environmental Protection Technology to Anhui Conch Cement and Conch (Shaanxi) for US$55m via its subsidiary Yaobai Special Cement Group, according to MT Newswires. It will also divest three additional assets for US$22.5m, US$128m and US$23.7m under separate agreements. The sales remain subject to board approval and other conditions.

Published in Global Cement News
Read more...

Titan finalises divestment of Adocim

20 May 2025

Türkiye: Titan Cement has finalised the sale of its 75% share in Adocim following regulatory approvals. The group will continue to operate cement grinding and supplementary cementitious assets elsewhere in Türkiye. Titan Cement says that the divestment forms part of its broader strategy to strengthen its portfolio.

Published in Global Cement News
Read more...

Nuvoco Vistas to build new grinding unit in Kutch

07 May 2025

India: Nuvoco Vistas will build a 2Mt/yr grinding unit in Kutch as part of its plan to refurbish and put into operation the recently acquired assets of Vadraj Cement. The project adds US$35m to the US$141m originally allocated to restart Vadraj’s cement assets in Kutch and Surat, bringing the total planned investment to US$177m, phased over 2025 to 2027. Nuvoco aims to commission the grinding unit and start up the existing Vadraj assets by December 2027. These include a 3.5Mt/yr clinker unit in Kutch, a 6Mt/yr grinding unit in Surat and limestone reserves.

Nuvoco’s total production capacity will increase to around 31Mt/yr. The company currently sells 1Mt/yr of cement in Gujarat from its facilities in Rajasthan, but post-commissioning, the Kutch and Surat sites will serve Gujarat and northern Maharashtra and release Rajasthan capacity for northern markets.

Published in Global Cement News
Read more...

Votorantim Cimentos completes divestment of Tunisian assets

01 April 2025

Tunisia: Votorantim Cimentos has completed the full sale of its assets in Tunisia to China-based Sinoma Cement. Votorantim Cimentos operates the Ciments de Jbel Oust plant in Tunisia. The transaction follows the fulfilment of precedent conditions, including regulatory approvals in China, Tunisia and the Common Market for Eastern and Southern Africa (COMESA). Delivery of the assets and financial settlement were also concluded.

Published in Global Cement News
Read more...

Ultracem sells some of Honduras assets for US$56m

24 February 2025

Honduras: Ultracem has announced that, through its subsidiary Ultracem Centroamérica, it is selling some of its assets in Honduras. The transaction involved the indirect sale of Duracem Honduras shares to Blackriver Overseas for US$56m.

The producer completed the sale on 20 February 2025, after fulfilling the conditions of the purchase agreement. It stated that the sale is “part of Ultracem's corporate strategy to focus its business on cement and concrete production activities in Colombia.”

Published in Global Cement News
Read more...

Titan Cement divests assets in eastern Türkiye

19 February 2025

Türkiye: Titan Cement has agreed to sell its 75% stake in Adocim Cimento Beton to Mugla Cimento (50%) and Yurt Cimento (25%) for US$87.5m. The assets include a cement plant, terminal and related infrastructure in eastern Türkiye.

The transaction is expected to close in the second quarter of 2025, subject to regulatory approval. Titan Cement will retain its grinding and supplementary cementitious materials assets in other parts of the country.

Published in Global Cement News
Read more...

Heidelberg Materials North America to acquire Giant Cement Holding for US$600m

28 November 2024

US: Heidelberg Materials North America has entered into a definitive purchase agreement to acquire Giant Cement Holding, a cement producer on the US East Coast focused on using refuse-derived fuels, for US$600m. The acquisition will reportedly strengthen Heidelberg Materials’ cementitious footprint in the Southeastern US and New England markets and help to contribute to its circular offerings and decarbonisation efforts.

The transaction’s assets in the Southeastern US include an integrated cement plant with a capacity of 800,000t/yr in Harleyville, South Carolina, a network of four cement terminals in Georgia and South Carolina, and a joint venture deep-water import terminal in Savannah, Georgia. Assets in the New England area comprise a cement and slag terminal in Newington, New Hampshire, and a deep-water import terminal in Boston, Massachusetts. The transaction also includes Giant Resource Recovery, an alternative fuel recycling business with four facilities in the Eastern US. The transaction is expected to be completed in the first quarter of 2025 and to contribute around US$60m in earnings by interest, taxation, depreciation and amortisation in the first year of operation.

Published in Global Cement News
Read more...

CRH to reconsider sale of cement business in the Philippines

08 November 2024

Philippines: CRH is considering selling its cement business in the Philippines. The company has engaged UBS Group to assess investors' interest in acquiring assets, with negotiations ongoing. In 2019, CRH attempted to sell its Philippines cement business for US$2 - 3bn as part of an asset portfolio optimisation, but the divestment is reportedly now worth ‘significantly’ less due to a ‘more complex’ business environment, according to AK&M Information Agency.

CRH first entered the Philippine market in 2015 by acquiring Republic Cement, the second largest cement producer in the Philippines.

Published in Global Cement News
Read more...
  • Start
  • Prev
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • Next
  • End
Page 1 of 6
“Loesche
SR-MAX2500 Primary Shredder for MSW - Fornnax Recycling Technology
PrimeTracker - The first conveyor belt tracking assistant with 360° rotation - ScrapeTec
UNITECR Cancun 2025 - JW Marriott Cancun - October 27 - 30, 2025, Cancun Mexico - Register Now
Acquisition Cemex China CO2 coronavirus data decarbonisation Export France Germany Government grinding plant HeidelbergCement Holcim Import India Investment LafargeHolcim market Mexico Nigeria Pakistan Plant Production Results Sales Sustainability UK Upgrade US
« July 2025 »
Mon Tue Wed Thu Fri Sat Sun
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement X
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Privacy & Cookie Policy
  • About
  • Trial subscription
  • Contact
  • Global CemBoards
  • Global CemCCUS
  • Global CemFuels
  • Global CemFuels Asia
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online
  • LinkedIn
  • Facebook
  • X

© 2025 Pro Global Media Ltd. All rights reserved.