Lafarge Surma Cement Limited

Lafarge Surma Cement's board approved the acquisition of 100% shares of Holcim Cement Bangladesh from LafargeHolcim Group, creating a combined production capacity of 4.2 million tonnes.

Lafarge Surma Cement (now LafargeHolcim Bangladesh) signed a share purchase agreement to acquire 100% of Holcim Cement Bangladesh from Holderfin BV for $117 million. The company has sought Bangladesh Bank approval to remit the funds.

Lafarge Surma Cement's subsidiary Lafarge Umiam Mining has received environmental clearance from the Indian government to more than double its limestone production capacity to 5.5 million tonnes per annum at the Ngntrai mine in Meghalaya.

Lafarge Surma Cement Limited announced it has started discussions with LafargeHolcim Group to explore merging with Holcim Cement (Bangladesh) Ltd. No decision has been made yet and there is no guarantee a transaction will occur.