[Original] Lafarge decides to sell its business in Pakistan

2014-07-25 09:49:32

Lafarge has announced that it will sell its 75.86% stake in Lafarge (Pakistan) Cement Limited, identifying Bestway Cement as the buyer.

Lafarge has announced that it will sell its 75.86% stake in Lafarge (Pakistan) Cement Limited, identifying Bestway Cement as the buyer. It is reported that about 190 million euros from the transaction will be used to reduce its debt, but the transaction still needs to be approved by the local market and antitrust authorities.

Editor's note: Bestway Cement is owned by Bestway Group, the second largest cash and carry company in the United Kingdom, and is the second largest cement producer in Pakistan. Budweiser Group has invested more than $1 billion in Pakistan and is the largest overseas investor in Pakistan.

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[Original] Lafarge decides to sell its business in Pakistan

Lafarge has announced that it will sell its 75.86% stake in Lafarge (Pakistan) Cement Limited, identifying Bestway Cement as the buyer.

2014-07-25 09:49:32

[Original] Lafarge's Assets in Pakistan May Be About to Complete the Sale

Although Lafarge (Pakistan) Cement Limited (LPCL) has not yet announced the final tender date for its 75.86% stake, the frequent activity of potential buyers indicates that Lafarge may be about to complete the sale of its assets in Pakistan.

2014-06-26 15:43:39

CEMPI

97.44

-0.08 -0.08%

CONCPI

89.83

0.00 0.00%

CLKPI

103.47

-0.10 -0.10%

SPPI

44.98

0.00 0.00%

MORPI

73.32

0.00 0.00%

Shut down the kiln for 151 days! Inner Mongolia implements normal peak-shifting cement production in 2025-2026 heating season

On February 28, the Department of Industry and Information Technology of Inner Mongolia Autonomous Region issued the requirement of "Inner Mongolia continues to promote the normal peak staggering production of cement in the heating season of 2025-2026", which requires that the normal peak staggering production of cement in this heating season continue to be carried out for 5 months and 151 days, that is, from 0:00 on November 1, 2025 to 24:00 on March 31, 2026, and the normal peak staggering production of cement in this heating season. 100% of the cement clinker production lines in the whole region are required to participate in peak staggering production.