HeidelbergCement

Osho Cement, a joint venture between Osho Ventures and HeidelbergCement, received its first shipment of clinker and gypsum at the Port of Ngqura for its new grinding plant at the Coega special economic zone. The plant is scheduled to open in late 2018.

HeidelbergCement's subsidiary Helwan Cement agreed to sell its White Cement plant in Minya, Egypt, to Emaar Industries. The deal is valued at an EV/EBITDA multiple of 10.9x, with closing expected in Q4 2018 or Q1 2019.

Colacem S.p.A. acquired 100% of Maddaloni Cementi S.r.l., owner of a cement production plant in Maddaloni, Italy, from Cementir Italia S.p.A. (controlled by Italcementi/HeidelbergCement). The deal closed on June 1, 2018.

Cementir Holding's American subsidiary Aalborg Cement Company signed an agreement to acquire an additional 38.75% stake in Lehigh White Cement Company from Lehigh Cement Company (HeidelbergCement) for $106.6 million. After closing, Cementir will hold 63.25% of LWCC, which operates two white cement plants in Waco, Texas and York, Pennsylvania.

HeidelbergCement will sell its 51% stake in Lehigh White Cement Co. to minority shareholders Aalborg Cement Co. (63.25%) and Cemex Inc. (36.75%) for about $140 million, with closing scheduled for Q1 2018.

HeidelbergCement-owned Cimburkina laid the first stone for a second mill at its Kossodo plant in Ouagadougou, Burkina Faso. The 150 tph mill will increase capacity to 2 Mta, with an investment of XOF 15 billion ($28.5 million), including a 2000 t silo and a new bagging line.

Hanson Australia, a subsidiary of HeidelbergCement, acquired Alex Fraser Group, a provider of recycled construction materials and asphalt in Australia, from Swire Investments. The purchase price was about €135 million.

HeidelbergCement subsidiary Italcementi completed the acquisition of Cementir Italia, including its subsidiaries Cementir Sacci and Betontir, for an enterprise value of €315 million. The deal includes 5 integrated cement plants and 2 cement grinding units with a total capacity of 5.5 million tonnes per year, all in Italy.

H+H International A/S has signed an agreement to acquire HeidelbergCement's German and Swiss calcium silicate unit business (HDKS) for an enterprise value of DKK 818 million. Closing is expected in Q1 2018.

HeidelbergCement sold 50% of its Georgian business to Cement Invest, a joint venture between Georgian Co-Investment Fund and Hunnewell Partners, for about €115 million, forming a joint venture that operates three cement plants and a grinding facility.

HeidelbergCement will invest BDT925.3 million (US$112 million) in a new grinding mill at its Kanchpur plant in Bangladesh, adding 472,000 tonnes per annum to its existing cement capacity. The investment was announced on October 12, 2017.

HeidelbergCement's Italian subsidiary Italcementi agreed to buy Cementir Italia from Cementir Holding for an enterprise value of €315 million. The acquisition includes five integrated cement plants and two grinding centers with total capacity of 5.5 million tonnes per year.

HeidelbergCement and Schwenk Zement filed an action to challenge the European Commission's decision to prohibit their joint acquisition of Cemex Croatia.

The European Commission barred the sale of three Cemex Croatia cement plants to Duna Dráva Cement, a joint venture of HeidelbergCement and Schwenk, citing reduced competition in gray cement markets.

Cadman Materials Inc., a subsidiary of HeidelbergCement, agreed to acquire 14 ready mixed, aggregate and asphalt operations in Washington and Oregon from Cemex USA.

HeidelbergCement plans to complete modernization of its Kaspi cement plant in Georgia by end of 2018, investing $100 million to build a new dry clinker production line and increase capacity to 1 million tons.

HeidelbergCement's U.S. subsidiary Cadman Materials has agreed to buy Cemex's Pacific Northwest Materials Business, including aggregate, asphalt and ready mix concrete operations in Oregon and Washington, for about $150 million. Closing is expected in Q2 2017.

EU antitrust regulators are set to block the joint bid by HeidelbergCement and Schwenk for Cemex's Croatian unit, citing competition concerns in the grey cement market.

Following HeidelbergCement's acquisition of Italcementi, HC Trading and Interbulk Trading have merged their operations under the entity HC Trading B.V., with a combined turnover of around $1.4 billion based on 2015 trade volumes.

HeidelbergCement has agreed to sell its plant in Martinsburg, West Virginia, and eight terminals to Cementos Argos for US$660 million. The deal is subject to regulatory approval.

Cementir has announced it will acquire HeidelbergCement's Belgian assets for an enterprise value of EUR312 million (US$342 million), primarily consisting of Compagnie des Ciments Belges.