Displaying items by tag: Holcim Malaysia

Malaysia: Lafarge Malaysia plans to buy Holcim Malaysia, for US$77.3m according to a regulatory filing. The acquisition of the subsidiary of Holcim Indonesia, is expected to be completed the fourth quarter of 2015. It will be paid for using internal funds and borrowing. Holcim Indonesia originally bought the unit for US$37m in 2009.

"The acquisition is also expected to deliver synergies through operational efficiencies, including the increase in economies of scale and bargaining power and reduction or elimination of duplicative functions," said a Lafarge Malaysia spokesperson. The acquisition of Holcim Malaysia will increase the cement production capacity of Lafarge Malaysia from 12.95Mt/yr to 14.14Mt/yr.