JSW Cement eyes Heidelberg Materials' Indian unit acquisition
  1. Home
  2. Building Material
  3. Cement
  4. JSW Cement eyes Heidelberg Materials' Indian unit acquisition
Cement

JSW Cement eyes Heidelberg Materials' Indian unit acquisition

03 Oct 2023 CW Team
JSW Cement, the building-materials division of the prominent Indian steelmaker JSW Group, is reportedly in the early stages of negotiations with German cement company Heidelberg Materials to acquire its cement businesses in India, which produce 13.4 million tonnes annually. Discussions between JSW Cement and Heidelberg Materials commenced after JSW Group made an unsolicited offer to purchase Heidelberg's local entities, primarily operating in peninsular India. The building materials industry in India, the world's second-largest cement market in terms of capacity and consumption, is highly regional and heavily reliant on freight. In the context of mergers and acquisitions, the valuation of enterprises is often influenced by their proximity to the end-consumption market and their profitability. Reports suggest that another global cement manufacturer might exit the Indian market soon, following Holcim Group's departure in 2022. In the competitive bidding for Ambuja Cements and ACC, both previously owned by Holcim Group, the Adani Group emerged as the successful bidder. JSW Group also participated in this bidding process.
Discover the Cement Expo! Click the button below to explore all the event details.

Visit Cement Expo Website

JSW Cement, the building-materials division of the prominent Indian steelmaker JSW Group, is reportedly in the early stages of negotiations with German cement company Heidelberg Materials to acquire its cement businesses in India, which produce 13.4 million tonnes annually. Discussions between JSW Cement and Heidelberg Materials commenced after JSW Group made an unsolicited offer to purchase Heidelberg's local entities, primarily operating in peninsular India. The building materials industry in India, the world's second-largest cement market in terms of capacity and consumption, is highly regional and heavily reliant on freight. In the context of mergers and acquisitions, the valuation of enterprises is often influenced by their proximity to the end-consumption market and their profitability. Reports suggest that another global cement manufacturer might exit the Indian market soon, following Holcim Group's departure in 2022. In the competitive bidding for Ambuja Cements and ACC, both previously owned by Holcim Group, the Adani Group emerged as the successful bidder. JSW Group also participated in this bidding process.

Next
Cement Makers Raise Prices Amid Escalating Costs

Related Stories

Gold Stories

Opinion Poll

Question : What are you most interested in Construction Technology?

Latest updates

AVIATION & AIRPORTS
01 Dec 2023

Maharashtra Allocates Rs 2.21 Bn for Karad Airport Development

AVIATION & AIRPORTS
01 Dec 2023

Hubballi Airport's New Terminal Expansion with Rs 3.40 Bn Tender

RAILWAYS & METRO RAIL
01 Dec 2023

Chennai Metro Stations achieve IGBC Platinum Rating

RAILWAYS & METRO RAIL
01 Dec 2023

DPR for Navi Mumbai Metro Lines 2, 3, and 4 Underway

RAILWAYS & METRO RAIL
01 Dec 2023

Mahametro to Build MSRTC Depot at Shivajinagar Metro Station

RAILWAYS & METRO RAIL
01 Dec 2023

Railway Board Chairman Oversees Progress on Kolkata's East-West Metro

SMART CITIES
01 Dec 2023

Planet Smart City Aims for Over Rs 9 Bn in Sales with Pune Project

ROADS & HIGHWAYS
01 Dec 2023

Mumbai Coastal Road Promenade to Launch in December

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram