Heidelberg Materials plans Ranville cement plant closure
The move optimizes its European footprint, affects 87 employees, and supports a decarbonisation strategy amid declining French construction demand.
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Global building materials manufacturer
heidelbergmaterials.comLast updated
In short: Heidelberg Materials reported revenue growth and acquisitions while adjusting its profit outlook due to rising energy costs.
The move optimizes its European footprint, affects 87 employees, and supports a decarbonisation strategy amid declining French construction demand.
The asset-light transaction values the business at a 6× EBITDA multiple and closes by October 2026 to expand regional trading operations.
The court approval ensures stable local cement supply and enables a future carbon capture facility.
The UK's first cement-site carbon capture facility will capture almost all CO₂ emissions (800,000 tonnes annually) and uses evoZero cement in construction.
Heidelberg Materials said it is closing a French cement plant as part of a restructuring of its European footprint in response to weak construction demand.
Sweden: The Swedish Land and Environmental Court has granted Heidelberg Materials a 30-year permit to continue its quarry operations in Slite on the island of...
Heidelberg Materials agreed to buy a majority stake in Peruvian cement producer Cementos Inka, as the German company seeks to expand its operations in emerging...
According to the company, five concrete mixer trucks and a wheel loader were damaged by the fire on the night of Wednesday on the company premises; the police...
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