Heidelberg Materials closes divestment in Southern Spain
Today, Heidelberg Materials completed the sale of its business in Southern Spain. The company sold its integrated cement plant in Malaga as well as three aggregates and eleven ready-mixed concrete sites in Andalusia to Votorantim Cimentos. With this, Heidelberg Materials reaches another milestone of its promise to re-focus on its core geographies in Western and Southern Europe.
Following the sale of its clusters 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.
In Spain, Heidelberg Materials will fully focus on its Northern cluster located in the Basque region. The company will continue to supply customers from its remaining facilities and its newly opened recycled materials facility in Bilbao with a wide range of building materials solutions, including the recently launched “eco-build” low-carbon products.
Increasing circularity is one key strategic element on Heidelberg Material’s journey to achieve Net Zero carbon emissions by 2050 at the latest. This includes optimising the carbon footprint of products as well as processing demolished concrete and returning it to the construction cycle.
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 over 50 countries with more than 51,000 employees at almost 3,000 sites. At the centre of our actions lies the responsibility for the environment. As the forerunner 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.
The parent company of Heidelberg Materials remains HeidelbergCement AG.