Colacem completes acquisition of Maddaloni plant
Published by Jonathan Rowland,
Editor
World Cement,
Colacem’s acquisition of the Maddaloni cement plant from Italcementi was finalised on 1 June, the companies confirmed in separate press releases. The Maddaloni plant is located in Caserta, Italy, and has a capacity of 1.4 million t.
Italcementi had acquired the Maddaloni plant when it bought Cementir Italia. Its divestment formed part of the measures required by the Italian competition authority, when approving the Cementir Italia acquisition.
The acquisition of the Maddaloni plant “demonstrates our trust in the potential of our country and in the role cement will play as an indispensible product today, as well as in the future,” said the directors of Colacem, which is increasing its market share in Italy with the deal.
In addition to Italy, Colacem operates in Spain, Albania, Tunisia, Canada, and the Dominican Republic. Italcementi is a subsidiary of global building materials giant, HeidelbergCement Group.
Read the article online at: https://www.worldcement.com/europe-cis/11062018/colacem-completes-acquisition-of-maddaloni-plant/
You might also like
Suez Cement invests millions of dollars in environmental sustainability efforts
In light of World Environment Day, SCGC is celebrating its milestones in reducing its CO2 emissions and its environmental impact to be in line with Egypt’s 2030 Vision as well as the United Nations Sustainable Development Goals.
