Heidelberg Materials complete southern Spain divestment
Company announces divestment of Malaga cement plant and other assets to Votorantim Cimentos
Heidelberg Materials have successfully completed the sale of their southern Spain business to Votorantim Cimentos. The assets divested include an integrated cement plant in Malaga, three aggregate sites, and 11 ready-mixed concrete sites in Andalusia.
The sale marks another milestone in Heidelberg Materials’ promise to refocus on their core geographies in Western and Southern Europe.
Following the sale of regional businesses in Asturias, Balearics, and Catalonia, the company has now completed the sale of four of its five clusters intended for sale in Spain. The closing of the remaining Madrid cluster is expected for the second half of 2023.
Heidelberg Materials say they will fully focus on their northern cluster located in the Basque region of Spain. The company will also continue to supply customers from its remaining facilities and a newly opened recycled materials plant in Bilbao, with a wide range of building materials solutions, including recently launched ‘eco-build, low-carbon products’.
Increasing circularity is a key strategic element on Heidelberg Materials' journey to achieve net-zero carbon emissions by 2050 at the latest. These include reducing the carbon footprint of products, as well as processing demolished concrete and returning it to the construction cycle.
