Concrete

Largest concrete takeover

Published

13 years ago

January 29, 2012

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The construction equipment industry, dominated by the US, has a new challenger from the Chinese markets in the form of Sany. Sany Heavy Industry Co., the construction-equipment maker run by China’s richest man, employing 70,000 people worldwide with operations in 150 countries and a three quarter turnover of $1.7 billion, agreed to buy German concrete pump maker Putzmeister Holding GmbH in the largest Chinese-German transaction yet.The company competes in China with Caterpillar and hometown rival Zoomlion.Sany and Chinese private equity company CITIC PE Advisors Ltd. will buy 100 percent of Putzmeister for an undisclosed price, according to an e-mailed statement today. Aichtal in Germany will become Sany’s new headquarter for concrete machinery and Norbert Scheuch will remain in his position as the head of Putzmeister under the Chinese owner.Putzmeister has 3,000 employees and sales of 570 million euros ($751 million). Chinese companies are increasingly hunting for European targets. Recently Volvo cars was bought by Chinese auto maker Geely in a $2.7 billion deal in 2010 from Ford. Chinese solar-panel maker LDK Solar Co. plans to buy Germany’sSunways AG (SWW) and Italian luxury-yacht builder Ferretti Group was sold to Shandong Heavy Industry Group-Weichai Group."With this merger Putzmeister and Sany will create a new and global market leader for concrete pumps," said Liang Wengen, chairman and founder of Sany, in the statement. Meanwhile closer home in China, due to the current slowdown in infrastructure spending, Sany Heavy has announced that it will lay off 30 percent of its current workforce and impose pay cuts of more than 50 percent on remaining employees as part of its wage reform plan.

Concrete

Star Cement launches ‘Star Smart Building Solutions’

Published

4 days ago

June 17, 2025

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Star Cement has launched ‘Star Smart Building Solutions,’ a new initiative aimed at promoting sustainable construction practices, as per a recent news report. This venture introduces a range of eco-friendly products, including tile adhesives, tile cleaners and grouts, designed to enhance durability and reduce environmental impact. The company plans to expand this portfolio with additional value-added products in the near future. By focusing on sustainable materials and innovative building solutions, Star Cement aims to contribute to environmentally responsible construction and meet the evolving needs of modern infrastructure development.

Image source:https://www.starcement.co.in/

Concrete

Nuvoco Vistas reports record quarterly EBITDA

Published

4 days ago

June 17, 2025

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Nuvoco Vistas reported its highest-ever quarterly consolidated EBITDA of Rs.556 crore in Q4 FY25, with annual EBITDA at Rs.1,391 crore. Cement sales reached 19.4 MMT in FY25, with Q4 contributing 5.7 MMT. Revenue rose 4 per cent YoY to Rs.3,042 crore in Q4. Net debt reduced by Rs.390 crore to Rs.3,640 crore. The company received NCLT approval for acquiring Vadraj Cement, targeting 31 MMTPA capacity by FY27. Key marketing initiatives, expanding RMX and MBM businesses, and a focus on sustainability (457 kg CO2/tonne) drove performance. Nuvoco remains focused on premiumisation, operational efficiency, and market expansion.

Image source:nuvoco.com

Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

Published

4 days ago

June 17, 2025

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UltraTech Cement has expanded its production capacity by 1.4 million tonnes per annum (Mt/yr) through a combination of debottlenecking efforts and operational efficiency upgrades across several of its plants. The enhancements include an addition of 0.6Mt/yr in grinding capacity at the Nagpur facility in Maharashtra and a combined 0.8Mt/yr at the Panipat and Jhajjar units in Haryana. With these upgrades, the company’s total domestic grey cement capacity has risen to 184.8Mt/yr, while its global capacity now stands at 190.2Mt/yr.