HeidelbergCement could sell further non-core activities

HeidelbergCement could sell further non-core activities
Published: 30 August 2007

HeidelbergCement is examining a possible sale of further marginal activities, following the takeover of UK construction materials supplier Hanson. The company says that it is carrying out an analysis of its worldwide business activities and sites, which will take several weeks. This assessment is expected to be completed by the end of October or beginning of November.  
 
HeidelbergCement has already sold its subsidiary Maxit and its minority stake in French cement manufacturer Vicat in order to reduce its debts. Bernd Scheifele, the chairman of the group, has indicated that  HeidelbergCement is not interested in Hanson’s business with clay tiles and concrete pipes.