Portfolio optimization in West Africa continues with sale of cement terminal in Banjul to B5 Plus
HEIDELBERG Materials have completed the divestment of their business in Gambia with the sale of their 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 optimization focusing on the most promising and strongest market positions. In 2021, Heidelberg Materials sold their Leocem subsidiary in Sierra Leone.
With an even stronger focus on low-carbon offerings and climate-friendly local production, Heidelberg Materials say they will continue to supply their customers in the West Africa region through their 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 the company’s West African operations. In principle, a CO2 reduction of up to 40% is possible when substituting cement clinker with calcined clay.
Heidelberg Materials are 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.