Lafarge Malaysia acquires Holcim for RM325.5mil

KUALA LUMPUR: Lafarge Malaysia Bhd has acquired Holcim (M) Sdn Bhd from PT Holcim Indonesia for RM325.5mil on Monday. 

In a statement on Wednesday, Lafarge said this newly-combined entity of Lafarge and Holcim Malaysia offered the most comprehensive network of facilities and widespread solutions in Malaysia.

“With this merger, our annual installed cement capacity will rise to 14.14 million metric tonnes (MT) from 12.95 million MT through the combined strength of three integrated cement plants, two grinding stations, over 40 ready-mix concrete batching plants and six aggregate quarries,” it said.

Lafarge Malaysia president and chief executive officer, Thierry Legrand, said the combined entity enhanced the company’s standing as the preferred partner with technical expertise, support and experience for challenging construction projects.

Lafarge, which is a major player in the Malaysia construction industry, is now part of the LafargeHolcim Group, the largest materials company in the world. - Bernama

Lafarge shares fell 6 sen to close at RM9.20 on Wednesday.