Togo: Heidelberg Materials Announces New Investments

Investments

Thursday, 05 September 2024 17:22

Togo: Heidelberg Materials Announces New Investments

(Togo First) - German Group Heidelberg Material (formerly known as HeidelbergCement) is planning new investments in Togo, where it already operates through its subsidiaries SCANTOGO, GRANUTOGO, and CIMTOGO.

On September 3, 2024, Hakan Gurdal, the Group's Managing Director for Africa, the Mediterranean, and West Asia, announced these plans during a meeting with Togo's Prime Minister, Victoire Tomégah-Dogbé, in Lomé.

The new investments will focus on the environmental and industrial sectors, funding sustainable solutions in cement production using alternative materials. The Group aims to produce zero-carbon cement as part of its commitment to environmental sustainability.

Discussions with relevant ministries are already underway, and Gurdal noted that these efforts will be expedited with the Prime Minister's direct involvement.

Heidelberg Materials has been active in Togo for several years, with an investment portfolio of €400 million (about CFA262 billion) through its three subsidiaries. The company is a major player in the cement sector, employing over 1,000 people in Togo through SCANTOGO (which produces clinker); GRANUTOGO, a gravel crushing unit; and CIMTOGO (a cement plant).

Esaïe Edoh

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