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FRENCH CEMENT MAJOR LAFARGE ACQUIRES RAYMOND CEMENT IN INDIA.
AsiaPulse News
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May 1, 2000
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COPYRIGHT 2000 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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MUMBAI, May 1 Asia Pulse - French cemnt major Lafarge has acquired Raymond Cement, the Rs 20 billion flagship company of India's Vijaypat Singahania Group, for Rs 7.85 billion (US$180 million) , subject to regulatory and other necessary approvals.
This is the second major acquisition by Lafarge -- a subsidiary of the French global construction materials major -- in the cement sector, the earlier one being TISCO's two million tonne unit in eastern India in November last.
Raymond's cement division plant at Bilaspur (central state of Madhya Pradesh) has an ...
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