Heidelberg Materials Continues Portfolio Optimization Strategy in West Africa, Sells Cement Terminal in Gambia to B5 Plus

Heidelberg Materials Continues Portfolio Optimization Strategy in West Africa, Sells Cement Terminal in Gambia to B5 Plus

(IN BRIEF) Heidelberg Materials has completed the sale of its cement terminal in Banjul, Gambia, to B5 Plus as part of its ongoing portfolio optimization strategy in West Africa. The financial terms of the transaction have not been disclosed. This divestment follows the sale of its subsidiary Leocem in Sierra Leone in 2021. Heidelberg Materials aims to strengthen its focus on low-carbon and climate-friendly local production in the region, continuing to serve its West Africa customers through subsidiaries in Benin, Burkina Faso, Ghana, Liberia, and Togo. The company is also introducing new products based on calcined clay, a technology that can significantly reduce CO₂ emissions associated with cement production.

(PRESS RELEASE) HEIDELBERG, 23-Aug-2023 — /EuropaWire/ — Heidelberg Materials completed the divestment of its business in Gambia with the sale of its cement terminal in the Gambian capital Banjul to B5 Plus. Both parties have agreed not to disclose the financial terms of the transaction. The divestment is part of Heidelberg Materials’ ongoing portfolio optimisation focusing on the most promising and strongest market positions. In 2021, Heidelberg Materials had already sold its subsidiary Leocem in Sierra Leone.

With an even stronger focus on low-carbon offerings and climate-friendly local production, Heidelberg Materials will continue to supply its customers in the West Africa region through its Benin, Burkina Faso, Ghana, Liberia, and Togo subsidiaries.

From 2024, new products based on calcined clay with a significantly lower CO₂ footprint will be available through Heidelberg Materials’ West African operations. In principle, a CO₂ reduction of up to 40% is possible when substituting cement clinker with calcined clay. The company is currently piloting calcined clay technology in Ghana, where the world’s largest flash calciner is now being built with a capacity of more than 400,000 tonnes per year.

About Heidelberg Materials

Heidelberg Materials is one of the world’s largest integrated manufacturers of building materials and solutions with leading market positions in cement, aggregates, and ready-mixed concrete. We are represented in more than 50 countries with around 51,000 employees at almost 3,000 locations. At the centre of our actions lies the responsibility for the environment. As the front runner on the path to carbon neutrality and circular economy in the building materials industry, we are working on sustainable building materials and solutions for the future. We enable new opportunities for our customers through digitalisation.

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SOURCE: Heidelberg Materials