logo
  

LafargeHolcim Sells NI Cement Business To Cookstown For CHF 70 Mln

Swiss building material maker LafargeHolcim (HCMLY.PK) said on Tuesday that it sold its cement business in Northern Ireland, or NI, to Cookstown Cement Ltd for 70 million Swiss franc, covering a production capacity of 0.45 million tons.

Miljan Gutovic, Holcim Region Head EMEA, commented: "This divestment advances our 'Strategy 2025 - Accelerating Green Growth' with a focus on consolidating our leadership in core markets to become the global leader in innovative and sustainable building solutions. With Cookstown Cement Ltd, we are pleased to have found a strategic and trusted owner for the business, better positioned to continue investing in its long term growth."

Cookstown is a newly founded local construction company, formed by a longstanding business partner of Holcim.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Teva Pharmaceuticals USA, Inc. has recalled one lot of platelet-reducing drug Anagrelide in the form of capsules due to dissolution test failure detected during routine stability testing, the U.S. Food and Drug Administration, or FDA, said in a statement. The U.S. Food and Drug Administration said it has taken steps to make available millions of cans of additional infant and specialty formula to U.S. consumers in the coming months. Under the agency's recent increased flexibilities, British nutrition products maker Kendal Nutricare will send about 2 million cans of infant formula under the Kendamil brand initially to U.S. beginning in June. Video streaming giant Netflix Inc. announced the availability of a variety of mobile games. Players can download the games directly from the Netflix mobile app. The new games include Dragon Up (East Side Games), Moonlighter (11 Bit Studios), Townsmen - A Kingdom Rebuilt (HandyGames), and Exploding Kittens - The Game (Exploding Kittens Digital).
Follow RTT