AFX Europe (Focus), Frankfort, Germany, Wed, Dec 21, 2005
FRANKFURT – HeidelbergCement AG said it acquired Ukraine’s Doncement for an undisclosed amount in order to expand its position in the Ukrainian market.
HeidelbergCement said the acquisition, made through its CBR Portland BV subsidiary, is still subject to approval by relevant regulatory authorities.
Doncement’s plant has a production capacity of 1.6 mln tonnes of cement per year. HeidelbergCement already operates two cement plants in the Ukraine.