May 16, 2020

Cemex Holcim Acquisition Hits European Commission Barrier

Holcim
Cemex
Mergers and acquisitions
cement
Admin
2 min
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Cemexs plan to buy out Swiss construction supplier Holcims Spanish units has been objected by the European Unions antitrust regulator according to a sou...

Cemex’s plan to buy out Swiss construction supplier Holcim’s Spanish units has been objected by the European Union’s antitrust regulator according to a source of Reuters.

The Mexican cement maker was hoping to be granted EU approval without concessions having been cleared to complete its sale of Cemex West to the German arm of Holcim earlier this month. The proposed acquisition of Holcim Cesko (Czech Republic) by Cemex was also cleared by the local competition authorities in March this year.

The Spanish part of the deal, announced in August last year, sparked European Commission investigations in April amid fears the takeover would dent competition in the grey cement market in the country.

Cemex were unable to speak to Reuters about the issue while Commission spokespeople were also unable to elaborate on the latest developments.

It is likely that Cemex will have to offer some form of asset sale concession in order to satisfy the authorities. Another option would be to allow rivals access to key infrastructure, networks or technology to keep pace with its own competition.

Reuters reported that concessions had already been tabled, although these were deemed to be insufficient.

Holcim is also embroiled in merger and acquisition clearance issues with French company Lafarge, who have had to buy back its own stake in Lafarge Tarmac from Anglo American in order to sell off the entire asset to satisfy competition authorities. 

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Jun 3, 2021

uPVC pipes, safety glasses and Spetz app launched

piping
Safetyglasses
apps
Dominic Ellis
2 min
Round up of this week's launches covers uPVC piping, safety glasses and new Spetz app

This week has seen a range of new product and service launches for the construction trade.

Vinyl Pipes has launched uPVC Column Pipes, which extend the life of pipes. Column Pipes with a power lock (patent pending) will not only to raise the safety standards but improve the efficiency of Borewell installations. This Lock system, a by-product of the in-house R&D team, is designed to bear load making the pipes stress-free, torque resistant and perfect for handling high pressure water.

Conscious that using the correct glasses could prevent 90% of jobsite injuries, Milwaukee's expanded range (pictured) features anti-scratch and fog free styles, new lens colours and magnification features, complementing its 'cut resistant' gloves.

Arriving on the UK app scene, Spetz is billed as a ‘one-stop shop’ for anyone "panicked by household flooding or electricity failure," as it unites tradespeople with consumers.

Spetz founder and CEO Yossi Nevo said urgent needs come in all forms and it’s unlikely that any household has tried and trusted tradespeople to match every possibility. 

"The Spetz app rapidly connects them with a suitable ‘rescue service’ in as little as 30 seconds and that rapid reassurance is completely free - it’s the tradespeople who pay for these job leads. Those start at around £6 a time, but the tradesperson can then go on to make thousands from our automated system funnelling the best and most appropriate work their way.”

Spetz is now three years old operating in Israel, Australia and is now beginning a full UK rollout, after a ‘soft’ launch.

 

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