Heidelberg Materials has today completed the sale of its business in Southern Spain. The Germany-headquartered global building materials major sold its integrated cement plant in Malaga , three aggregates sites and 11 ready-mixed concrete production facilities in Andalusia to Votorantim Cimentos.
With the sale, 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, processing demolished concrete and returning it to the construction cycle.
