Votorantim Cimentos closes acquisition in the south of Spain
Published by Sol Klappholz,
Assistant Editor
World Cement,
Votorantim Cimentos announced today that has completed the acquisition of all the businesses of Heidelberg Materials in the South of Spain, which includes a modern integrated cement plant located in Málaga, three aggregates quarries and eleven ready-mix plants in Andalusia region.
Votorantim Cimentos is an international company that operates in the segments of building materials, mining, agricultural inputs, co-processing and waste management. The company has been operating in Spain since 2012. In the last two years, Votorantim Cimentos has strengthened its presence in the Spanish cement market with the acquisition of the integrated cement plant of Cementos Balboa in Extremadura and now with the Malaga plant. After this transaction, Votorantim Cimentos Spain has six integrated cement plants with an installed production capacity of 6 million tons of cement per year, two grinding stations, one mortar plant and several concrete and aggregates plants, located in the regions of Andalusia, Canary Islands, Castile and León, Extremadura and Galicia.
“This acquisition is fully aligned with our strategy, reinforces our presence in the Iberian Peninsula to better serve our customers and creates significant synergies with our existing assets. Besides, it would be key to accelerate our decarbonisation journey to achieve our 2030 Sustainability Commitments”, says Jorge Wagner, CEO of Votorantim Cimentos Europe, Asia and Africa.
Read the article online at: https://www.worldcement.com/europe-cis/03112022/votorantim-cimentos-closes-acquisition-in-the-south-of-spain/
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