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EU approves HeidelbergCement´s deal to buy Italcementi

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The European Union has approved HeidelbergCement AG?s G??1.67 billion ($1.86 billion) deal to acquire a 45 per cent stake in Italcementi SpA, on the condition that the merged company divests all of the Italian cement-maker?s business in Belgium. The European Commission, the bloc?s antitrust body, said it initially had concerns the post-merger company wouldn?t have faced enough competition from other rivals, leading to higher cement and concrete prices in the EU.

But HeidelbergCement?s commitment to shed Italcementi?s business in Belgium, where the two companies? activities have ?substantial overlaps? and would have had a combined market share above 50 per cent, addresses those concerns, the EU added.

?I welcome the proposed commitments as they will ensure that HeidelbergCement?s multibillion euro takeover of Italcementi will not harm effective competition,? said EU Antitrust Chief Margrethe Vestager.

The deal, announced last July, would create the world?s second-biggest producer of cement and the third-largest in ready-mix concrete, according to HeidelbergCement.

Source: BUSINESS STANDARD

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Concrete

Holcim UK drives sustainable construction

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Holcim UK has released a report titled ‘Making Sustainable Construction a Reality,’ outlining its five-fold commitment to a greener future. The company aims to focus on decarbonisation, circular economy principles, smarter building methods, community engagement, and integrating nature. Based on a survey of 2,000 people, only 41 per cent felt urban spaces in the UK are sustainably built. A significant majority (82 per cent) advocated for more green spaces, 69 per cent called for government leadership in sustainability, and 54 per cent saw businesses as key players. Additionally, 80 per cent of respondents stressed the need for greater transparency from companies regarding their environmental practices.

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Concrete

GCCA releases LCR system

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The Global Cement and Concrete Association (GCCA) has launched the Low Carbon Ratings (LCR) system for cement and concrete, a new global rating based on products’ carbon footprints. The system uses a clear AA to G scale to help customers prioritise sustainability in material selection across construction sectors worldwide. The GCCA says that the LCR system is designed to be easily recognisable, with a simple visual graphic that indicates a product’s rating and provides consistency and comparability to other products.

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Concrete

FLSmidth opens eco-friendly plant in Casablanca

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FLSmidth has inaugurated a €21 million mill liner manufacturing plant in Casablanca, covering 11,250m² with a production capacity of 6,500 tonnes annually. The LEED-certified facility significantly reduces carbon emissions by up to 56 per cent and fully recycles water used in the manufacturing process. Up to 250 jobs will be created in the Valparaíso region. Mikko Keto, CEO, highlighted the plant as a symbol of FLSmidth’s commitment to sustainable mining and community engagement in South America. Earlier in 2024, the Denmark-based company announced plans to sell its cement division to sharpen its focus on mining operations.

 

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