Economy & Market
HeidelbergCement expands capacity
In Liberia, HeidelbergCement has successfully commissioned a new cement mill at its cement grinding plant in the capital city of Monrovia. The investment in the new mill, which has an annual capacity of 0.5 million tonnes, amounted to US$ 14 million. The Liberian subsidiary Cemenco is the only cement producer in Liberia and has a strong market position. The company is part of HeidelbergCement's network of cement grinding facilities on the West African coast supporting the group's regional strategic presence. By setting up adequate capacities to better serve the growing market in important coastal cities, HeidelbergCement aims at maintaining its competitive edge in West Africa. "The construction of the new cement mill in Liberia is in line with our strategy of modernising and expanding clinker and cement capacities in emerging markets," says Dr. Bernd Scheifele, Chairman of the Managing Board of HeidelbergCement. "In particular, the countries of sub-Saharan Africa have a very high growth potential due to their early stage of industrialisation. In Ghana, we recently increased the cement grinding capacity at our Tema cement plant and are currently building a new cement mill in Takoradi. Together with our existing plants in this region, the new mill in Liberia strengthens our coastal network in West Africa."