HeidelbergCement considers adding to African capacity

In an interview with Bloomberg, HeidelbergCement’s CEO Bernd Scheifele said that Africa is an important part of the company’s ‘emerging markets exposure’. Dr Schiefele was speaking ahead of the opening of HeidelbergCement’s grinding plant in Burkina Faso. With capacity of 700 000 tpy, the new plant will bring the company’s capacity within Africa to about 10 million tpy. The company already has operations in Ghana, Benin, Liberia, Tanzania, Sierra Leone, Togo and the DRC. Dr Schiefele reportedly told Bloomberg that it was considering adding South Africa and Mozambique to this list, though he did not give any details of specific investment plans. 

Adapted from source by Katherine Guenioui

Read the article online at: https://www.worldcement.com/africa-middle-east/06032015/heidelbergcement-considers-adding-to-african-capacity-467/