- Heidelberg Materials Secures Majority Stake in Asment de Témara and Complete Ownership of Grabemaro
Fri Sep 13 13:10:31 -2024 UTC–Heidelberg Materials has announced the signing of a strategic agreement to acquire assets from Votorantim Cimentos in Morocco.
Cement and Ready-Mixed Concrete
The deal includes a 63% stake in Asment de Témara, a cement and ready-mixed concrete producer, and full ownership of Grabemaro, an aggregates supplier, through its Moroccan subsidiary, Ciments du Maroc.
Asment de Témara
Asment de Témara is one of the leading cement producers in Morocco. The company operates a cement plant located in Témara, which is situated close to the capital city, Rabat. The plant is strategically positioned to serve the major construction markets in Morocco.
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Products: Asment de Témara primarily produces cement and ready-mixed concrete, which are essential materials in construction. The company offers a range of cement products that cater to different construction needs, from infrastructure projects to residential buildings.
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Market Presence: Asment de Témara has a strong market presence in Morocco, supplying its products to various construction projects across the country. The company is known for its quality products and commitment to sustainability.
Grabemaro
Grabemaro is a company involved in the extraction and production of aggregates, which are essential raw materials for concrete and asphalt production. Aggregates include materials such as sand, gravel, and crushed stone, which are crucial in construction.
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Operations: Grabemaro operates quarries that extract these raw materials, which are then processed and supplied to the construction industry. The company ensures a steady supply of high-quality aggregates, supporting the operations of Asment de Témara, especially in ready-mixed concrete production.
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Integration with Asment de Témara: Grabemaro’s full ownership by Asment de Témara allows for vertical integration, where the company controls both the production of raw materials (aggregates) and the manufacturing of finished products (cement and concrete). This integration helps in maintaining the quality of the final products and optimizing the supply chain.
African Market
This acquisition significantly bolsters Heidelberg Materials’ presence in the African market, particularly in Northern Morocco.
The expansion includes a cement plant with a 1.4 million-tonne annual capacity, two aggregate sites, and eight ready-mixed concrete plants. This move aligns with the company’s strategy to strengthen its position in key growth markets.
CO2 emissions
Cement is one of the most widely used building materials globally. The sheer scale of its production means that even relatively low CO2 emissions per unit of cement result in significant total emissions. It’s estimated that cement production accounts for about 7-8% of global CO2 emissions.
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