Cemex: Intends to Buy Indian Company for $550 Million

2010-11-23 00:00:00

< P > < FONT face = Verdana > Cemex, the world's third-largest cement producer, will buy the cement business of India's Murli Industries for $550 million, the Economic Times reported.

< P > < FONT face = Verdana > Cemex finally made the offer after months of negotiations, the report said, citing a person familiar with the matter.

< P > < FONT face = Verdana > According to the above understanding, the purchase price has not yet been finalized, and the final price depends on the trend of cement prices in the market.

< P > < FONT face = Verdana > Murli Industries, which has a 3 million tonne per year cement plant in Maharashtra province in western India, is planning to build two cement plants with an annual capacity of 3 million tonnes each, the Economic Times said.

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Correlation

Cemex: Intends to Buy Indian Company for $550 Million

2010-11-23 00:00:00

CEMPI

94.8

0 0%

CONCPI

88.80

-0.64 -0.72%

CLKPI

97.46

0.00 0.00%

SPPI

44.52

-0.26 -0.58%

MORPI

73.32

0.00 0.00%

Huaxin Launches "Green" Initiative at the Launching Ceremony of Hubei Energy Conservation Publicity Week

On June 15, the launching ceremony of 2026 Hubei Energy Conservation Publicity Week was held in Han. Deng Xikun, Director of Cement Business of Huaxin Building Materials and Secretary-General of Provincial Cement Association, read out the Proposal for Energy Conservation and Carbon Reduction on behalf of Huaxin. As a benchmark enterprise of green low-carbon development in building materials industry, Huaxin will further cultivate carbon reduction technology, iterate green products, export industry standards, and promote the green transformation of the whole chain of building materials.