Auctions, Used Equipment, Rental & Finance

Cement manufacturer LafargeHolcim expects around €300 million in its annual turnover in Spain, where it has over 10million tonnes of annual cement production capacity.

It operates a waste treatment plant, five terminals, 13 quarries, 40 mortar plants and five cement grinding plants in Spain.

A total of 4.83 million shares in Anhui Conch Cement have been disposed of by JP Morgan, which is Anhui Conch Cement's substantial shareholder, at an average price of HKD 26.59 (€3.17/US$ 3.43) each, according to information released by the Hong Kong Stock Exchange.

JP Morgan bagged HKD 128.43 million via the disposal and reduced its shareholding in Anhui Conch Cement to 13.98%, which is equivalent to 181.77 million shares in the latter.

Société Générale and UBS Securities France, acting on behalf of Swiss cement group Holcim, have indicated to the French stock market authority AMF that their exchange offer (OPE) on the shares of French building supplies group Lafarge will reopen from 15-28 July inclusive.
Following the previous exchange offer, Holcim controlled 87.46% of the capital and at least 83.94% of the voting rights of Lafarge.
The group will offer nine Holcim shares for ten Lafarge shares and aims to acquire the remaining capita

Oman Cement has recorded a 40% drop in its net profit in the January to June 2015 period from OMR 9.09million (€21.23million US$23.62million) in the same period in 2014, to OMR 5.44million. The cement producer has registered a 7.7% decline in its total revenue in the six months under review to OMR 27.33million. It has posted a marginal decrease in its sales revenue in the period under review from OMR 25.68million in the same period in 2014, to OMR 25.53million. Investment and other income dropped by 54.1% i

Anhui Xinli Investment Group (Xinli Investment) has increased its shareholding in China-based Anhui Chaodong Cement (Chaodong Cement) to 17.34%, following an acquisition of 5.67 million shares at CNY 14.76 (€2.16/US$2.38) each.

Xinli Investment is now Chaodong Cement's second largest shareholder after Prosperity International Holdings (HK).

However, Prosperity International disposed all of its shares in Chaodong Cement on 23 June, 2015.

The Autorité des marchés financiers (AMF) has published the interim results of the public exchange offer initiated by Holcim for the shares of Lafarge.
This is part of the €41 billion merger of Lafarge and Holcim to create the world’s biggest cement group.
As of 7 July, 2015, a total of 252,230,673 shares, representing 87.46% of the share capital and at least 81.47% of the voting rights1 of Lafarge have been tendered to the Offer.
The success of the Offer was subject to the condition that a minimum accep

The regional asphalt business of US-based contractor Pace Construction has been purchased by Fred Weber also of the US for an undisclosed sum.

As a result of the deal, Fred Weber is able to “solidify its capacity to deliver the highest quality materials for projects.”

According to Fred Weber, the acquisition will also help boost revenue.

The Greek cement industry has been directly hit by the country's debt crisis, reflected by Titan Cement's 30 June 2015 announcement that it cannot pay a shareholder dividend due to the government's capital controls.
Titan Cement saw the first improvements in its operating results in seven years and a profit in 2014, while other cement producers Halyps Cement (Italcementi) and Heracles General Cement (Lafarge) reported rising cement volumes in 2014 with an improved construction market.
However, Lafarge sai