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Senegal becomes shareholder in Dangote’s subsidiary

Dangote Senegal

Dangote Cement confirmed the sale of a 10% equity stake in its Senegalese subsidiary to the Government of Senegal, making the state the largest minority shareholder. Dangote operates a 1.5Mta capacity cement plant in Pout, about 60km from Dakar, controlling…

Heidelberg Materials closes Paderborn works in Germany

HM Werk Paderborn3

Heidelberg Materials has decided to close its cement plant in Paderborn in Germany. The main reason for closing Paderborn has been given with the significant decline in cement sales, driven by weak construction demand in Germany. The closure applies exclusively…