Holcim, HeidelbergCement deal

Holcim, HeidelbergCement deal

Holcim and HeidelbergCement intend to balance their respective interests in Cement Australia and to operate the company as a joint venture. Holcim plans to sell 25 per cent of the share capital of Cement Australia to HeidelbergCement. After signing the contract, the two construction materials Group will each hold a 50 per cent interest in this joint venture. The transaction is already approved by the Australian authorities. In future, Holcim and HeidelbergCement should be equally represented on the Board of Directors and the Chairmanship should rotate.

This transaction is part of the Holcim Leadership Journey and the new joint venture will be proportionately consolidated by Holcim upon conclusion of the contract.Cement Australia operates two cement plants and a grinding station in the East and Southeast of Australia and in Tasmania with a total annual capacity of 4.2 million tonne cement.

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