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
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
RHI Magnesita announces Q1 trading update
RHI Magnesita have provided an update on trading for the three months to 31 March 2025.
