# UltraTech Cement acquires Binani Cement

UltraTech Cement, an Aditya Birla Group company, has acquired Binani Cement through an insolvency-driven process. The deal includes global assets such as a fibreglass company (3B) with plants in Europe and Goa, a 3 mtpa cement JV in China, and a 2.5 mtpa grinding unit in the UAE.

- Type: Acquisition
- Announced: 2019-05-02
- Where: India
- Status: completed
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Ultratech Cement](https://endata.com/companies/16256.md) (acquirer)
- [Binani Cement Limited](https://endata.com/companies/35605.md) (target)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/ultratechs-task-now-is-to-sell-binanis-assets/article27015029.ece), 2019-05-02: "UltraTech Cement, an Aditya Birla Group company, will have to be mindful of country specific regulations and seek consent of joint venture partners as it looks to sell the associated global assets it inherited with the recent acquisition of Binani Cement in an insolvency-driven process."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.