Ciments du Maroc will come under Heidelberg control

As part of the takeover by German Group HeidelbergCement of Italcementi, Ciments du Maroc, a Moroccan subsidiary of Italcementi will come under the control of HeidelbergCement, it is reported. HeidelbergCement is awaiting the green light from the authorities in the US and Europe. The takeover of 45% of Italcementi by HeidelbergCement will see the creation of the second largest cement group in the world, with combined turnover of €17.80 billion (US$19.81 billion), and reported synergies of at least €1
February 23, 2016 Read time: 1 min

As part of the takeover by German Group 674 HeidelbergCement of 726 Italcementi, Ciments du Maroc, a Moroccan subsidiary of Italcementi will come under the control of HeidelbergCement, it is reported.

HeidelbergCement is awaiting the green light from the authorities in the US and Europe.

The takeover of 45% of Italcementi by HeidelbergCement will see the creation of the second largest cement group in the world, with combined turnover of €17.80 billion (US$19.81 billion), and reported synergies of at least €175 million/year by 2018.

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Ciments du Maroc to open a grinding centre in 2016

Moroccan cement company Ciments du Maroc (Italcementi), which has three plants in Morocco, intends to open a grinding centre in the north of the country by the end of 2016, thus highlighting its priorities, sustainable development and envrionmental protection.

Italcementi is second in the country in the cement market, with 24% market share, and is Lafarge's main competitor.

The company aims to expand to Guinea, Western Africa, where several projects have been identified. Works are due to begin in 2015

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