Items filtered by date: Thursday, 04 July 2024

Estonia: Germany-based Schwenk has acquired all outstanding shares of Betoonimeister. Baltic Business Daily News has reported that the concrete producer will continue operations under its existing name and management structure.

Betoonimeister general director Kalle Suitslepp said that the sale continues the companies’ existing collaboration, which began in February 2023, when Schwenk acquired 66% of shares in Betoonimeister.

Schwenk managing director Sergei Mironov said "Vertical integration is part of Schwenk's business strategy in all markets and we are pleased to see Betoonimeister fully joining our family as of today."

India: The Haryana Forest Department has reclaimed 1.2 hectares of woodland in Basai, Haryana, from the Gurgaon Metropolitan Development Authority (GMDA). The Times of India newspaper has reported that the GDMA had allotted the land to a proposed ready-mix concrete plant project. The land was reportedly subject to no official agreement as to its use, raising fears of unlawful development.

The Haryana Forest Department said "The reclamation of this forest land is a significant conservation effort for Gurgaon. It sends a clear message that the protection of natural habitats is top priority for us and no kind of encroachment on protected land will be tolerated."