HeidelbergCement sells business in Sierra Leone
Published by Emily Thomas,
Deputy Editor
World Cement,
HeidelbergCement has signed an agreement to sell its subsidiary Sierra Leone Cement Corporation Ltd. (Leocem) to the Diamond Cement Group. HeidelbergCement holds 50% of the shares in the company and has full management responsibility.
The sale includes a cement grinding plant with two grinding mills. The plant is located in Sierra Leone’s capital Freetown and has a capacity of approximately 500 000 tpy.
The divestment is part of HeidelbergCement’s ongoing portfolio optimisation and margin improvement programme within its ‘Beyond 2020’ strategy. In West Africa, HeidelbergCement will continue to focus on its core markets in Ghana, Liberia, Togo, Burkina Faso, Benin, and Gambia.
Read the article online at: https://www.worldcement.com/africa-middle-east/01122021/heidelbergcement-sells-business-in-sierra-leone/
You might also like
The World Cement Podcast - What's next for US Cement?
In this episode of the World Cement Podcast, we are joined by Mike Ireland, President and CEO of the ACA or American Cement Association. Listen in as Mike and David dive into a range of topics, including the ACA’s recent rebranding efforts, decarbonisation, policy and legislation, and the impact of AI on cement demand.
Tune in to the World Cement Podcast on your favourite podcast app today.
