HeidelbergCement plans to invest $30 million in its Togolese activity in 2020

Infrastructure

Thursday, 09 January 2020 16:40

HeidelbergCement plans to invest $30 million in its Togolese activity in 2020

(Togo First) - This year, HeidelbergCement will expand its Togolese subsidiary, Cimtogo, spending more than $30 million in the process. Eric Goulignac, MD of the German firm’s subsidiary, revealed this to the press on January 8.

Goulignac said: “This investment shows that HeidelbergCement believes in the growth potential of the Togolese economy, and is a way to contribute to its development, by using local resources, in line with the national development plan.”

In effect, the cement maker will increase, by a million tons per annum, the grinding capacity of Cimtogo’s factory in Lomé.

In the process, HeidelbergCement, which already claims nearly 4,000 direct and indirect jobs in Togo, plans to create 30% more direct jobs.

Counting the upcoming $30 million investment, the group would be investing a total of $250 million in the West African country, over a period of nine years.

Let’s recall that besides its plant in Lomé, Heidelberg has a grinding station in Kara and an integrated clinker plant in Tabligbo.

Séna Akoda

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