Displaying items by tag: Somaco

Romania: Holcim Romania and its subsidiary Somaco have donated around Euro0.95m to local hospitals to help buy equipment to manage the ongoing coronavirus pandemic. 20 hospitals in the counties of Alba, Arad, Argeș, Bihor, Buzău, Cluj, Dâmbovița, Iași, Neamț, Prahova, Timiș, Vrancea and Bucharest will benefit from the funds. It will be used to buy protective gear and medical equipment such as medical monitors, ventilators and fans. This latest donation follows one in April 2020 bringing Holcim Romania’s total to around Euro1.5m.

Romania/Switzerland: Romania’s anti-trust authority has completed its review of LafargeHolcim’s takeover of the precast concrete manufacturer Someco for an undisclosed sum. SeeNews has reported that the body found that “no significant obstacles to effective competition” were raised by the deal.

Somaco’s five precast concrete and one aerated concrete block production plants, which employ 750 people, made sales of Euro56m in 2018.

Romania: The national competition authority stated yesterday that it will investigate LafargeHolcim’s deal with Oresa for the latter’s takeover of the precast concrete producer Somaco. LafargeHolcim assumed the asset in July 2019 at an undisclosed price.