[Original] India's Aditya Birla Group Bids for LafargeHolcim Assets

2014-10-24 09:09:53

India's Aditya Birla Group has started bidding for assets to be sold by LafargeHolcim for the merger. Among them, UltraTech and other subsidiaries are bidding for Lafarge and Holcim's $1.4 billion cement companies in Brazil and the Philippines. As early as three years ago, Aditya Birla Group defined Brazil as an important base for expansion. The Philippines is also one of the overseas countries where the group started its business a few years ago.

Aditya Birla

   India's Aditya Birla Group has started bidding for assets to be sold by LafargeHolcim for the merger. Among them, UltraTech and other subsidiaries are bidding for Lafarge and Holcim's $1.4 billion cement companies in Brazil and the Philippines. As early as three years ago, Aditya Birla Group defined Brazil as an important base for expansion. The Philippines is also one of the overseas countries where the group started its business a few years ago.

   The rival bidders include cement companies and private shareholders and fund holders. Rivals have also struck strategic alliances to bolster their bids: HeidelbergCement of Germany has formed a United front with Brazilian cement maker Votorantim Cimentos, and Cemex has formed an alliance with Irish building materials company CRH. Eurocement, the European cement group, has also joined the alliance.

   The bid is actually part of Aditya Birla Group's strategic expansion plan, which aims to increase cement production capacity from 63 million tons per year to 70 million tons per year by early 2016.

   Aditya Birla generates 53% of its revenue outside India. The group has cement operations in 36 countries. According to insiders, in order to avoid a monopoly situation, Aditya Birla Group's bidding plans in some countries, such as India, may fail.

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India's Aditya Birla Group has started bidding for assets to be sold by LafargeHolcim for the merger. Among them, UltraTech and other subsidiaries are bidding for Lafarge and Holcim's $1.4 billion cement companies in Brazil and the Philippines. As early as three years ago, Aditya Birla Group defined Brazil as an important base for expansion. The Philippines is also one of the overseas countries where the group started its business a few years ago.

2014-10-24 09:09:53

From January to October, the forecast data of cement production in 31 provinces and cities in China showed the situation of cement production in various regions. From January to October, the total output of cement in China decreased compared with the same period last year, and the output in October also showed a downward trend compared with the same period last year, but increased compared with September. Among the provinces and cities, the cumulative output of Xizang from January to October increased by 13. 71% compared with the same period last year, while the cumulative output of Shanxi from January to October decreased by -16. 05%. On the whole, cement production in most provinces and cities has declined to varying degrees year on year.