Tectonic Shifts In Cement Industry

Lafarge and Holcim have announced the terms of a merger that will create the world's largest cement maker with combined sales of €32bn.

The joint company is to be called LafargeHolcim, and will be based in Switzerland and listed in Zurich and Paris.

 

However, there are a catalogue of regulatory issues that will need to be addressed and as such the approval process could take up to two years (according to UBS analysts quoted by the Telegraph).

 

In the meantime expect further tectonic shifts in the concrete industry as other players look to consolidate their positions.