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
Cemex presents its 2022 Integrated Report: 'Shaping the Future Together'
Cemex presented today its 2022 Integrated Report, detailing the company's operational, climate action, and other achievements throughout the year.