HolcimGroup cast an eye to Henan’s market

On April 29, 2005, HolcimGroup, a Swiss company and the second shareholder of Huaxin Cement Co., Ltd, purchased its 8.76 million B shares by means of block trade, which made its holding share reach 26.11%, merely 1.8% less than the stated-owned shares of Huaxin Cement Co., Ltd.

Jidong Cement Group Co., Ltd　married Heidelberg.

On September 20, 2005,　Jidong Cement Group Co., Ltd, a domestic cement tycoon announced that it had sold its owned 45.77% of the shares Jidong Cement Fufeng Co., Ltd and 40% of the shares of Jidong Jingyang Co., Ltd to Heidelberg Cement Hong Kong Co. Heidelberg .,Ltd, which topped 3rd in the world for 122.90 million Yuan.

On September 17, four OBI stores in Shanghai officially changed its to B&Q. previously, four OBI stores in Hangzhou, Qingdao and Nanjing had renovated. Nowadays, B&Q and OBI has unified their price, service standard and commodity. Since then, co-marketing has been carried out simultaneously in nine stores around Shanghai. Within the global building material industry, B&Q and OBI top 3rd and 4th respectively; prior to that, B&Q owned 23 stores, topping 2nd in China’s building material market, OBI owned 13 stores, topping the 2nd in China’s famous brand market. Two months ago, B&Q’s acquisition of OBI included personnel, stockpile and its rights and obligations in China. Due to the fierce competition as well as cultural and philosophical differences between the two companies, the challenging integration of B&Q upon OBI will matter its final success. Anyway, with the renovation of the final five companies, OBI will totally become history.