ABOUT US



Strategic agreement with the Australian Group Adelaide Brighton Limited

Cementir Holding Group, through its fully owned subsidiary Aalborg Portland A/S, signed a strategic agreement with the Australian Group Adelaide Brighton Limited, the second cement and ready-mixed concrete producer in Australia as well as a leading company in the construction materials, lime producing, engineering, infrastructure and resource sectors.

The completion of this investment is expected to occur within the end of 2014, for a total cost of USD 18.6 million (around EUR 14.3 million).

The agreement provides:

  • an expansion to increase white clinker capacity by 150,000 tonnes per annum by Aalborg Portland Malaysia, which today operates an integrated white clinker and cement production plant in Malaysia with an annual capacity of around 200,000 tonnes.
  • a contract to sell white clinker from Aalborg Portland Malaysia to an Adelaide Brighton Group’s subsidiary from 2015 for a 10 years-term, allowing Aalborg Portland to further develop its sales in the Australian market becoming the first supplier.

The agreement includes the sale of 30% of share capital of Aalborg Portland Malaysia for a total price of USD 29.4 million (around EUR 22.6 million). Cementir Holding Group, through its fully owned subsidiary Aalborg Portland A/S, will continue to hold 70% of share capital of its Malaysian subsidiary.

Read the press release.