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Lafarge-Holcim merger not a threat to UltraTech: Birla

02:02 AM Jun 01, 2019 | Free Press Journal Correspondant

Mumbai :  Aditya Birla Group Chairman Kumar Manglam Birla said the merger of Lafarge SA and Holcim Ltd will not be a threat for UltraTech Cement, a part of the Group and the country’s largest cement maker.

“It is not a threat…,” Birla told reporters. It could be noted that last year Paris-based Lafarge and Switzerland-based Holcim had announced a USD 40 billion merger, which will make the combined entity as the world’s largest cement maker.

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He also said there was no proposal to merge Century Textile’s cement business with UltraTech Cement.               There were reports about Century Textile, owned by B K Birla, grandfather of K M Birla, spinning off its cement business and merging with UltraTech. In the quarter ended March 31, 2015, Ultratech Cement had reported a 24% dip in consolidated net profit at Rs 657.2 crore as against a net profit of Rs 864.83 crore in the year ago period.

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