logo
  

Holcim Buys Teko Mining Serbia For Undisclosed Sum

Holcim Limited or LafargeHolcim (HCMLY.PK,HCMLF.PK), a Swiss building materials maker, said on Tuesday that it has acquired Teko Mining Serbia, a producer of aggregates.

The financial terms of the transaction, the fourth bolt-on acquisition in southeastern Europe this year, were not disclosed.

Miljan Gutovic, Region Head Europe Middle East Africa, said: "Teko complements our existing cement and concrete operations perfectly, allowing us to add aggregates and asphalt as part of our integrated offer in this highly dynamic market…"

Teko is also expected to support the Swiss firm to expand its business in Serbia and develop circular solutions to recycle construction & demolition waste in the future.

Teko Mining Serbia, with projected sales of 20 million euros for 2022, sells 2.4 million tons of aggregates a year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Foxconn, Apple Inc.'s key iPhone assembler, expects that its major plant in China, which is being hit hard by worker unrest following Covid-19 spread and related restrictions, would restart full production around late December to early January, Reuters reported citing a Foxconn source. Nestle Purina PetCare Co. has recalled a limited amount of certain prescription wet dog food citing labeling error, the U.S. Food and Drug Administration said. The recall involves Purina Pro Plan Veterinary Diets EN Gastroenteric Low Fat or PPVD EN Low Fat wet dog food that comes in 13.4 oz cans. Exportadora Copramar is recalling 1260 cases of James Farm frozen raspberries citing potential to be contaminated with Hepatitis A, the U.S. Food and Drug Administration said. The recall involves James Farm branded frozen raspberries identified by UPC Code: 76069501010 and Lot Code - 22-165.
Follow RTT