Eric Goulignac, the local CEO of HeidelbergCement, presented on April 5, the new German cement roadmap to accompany the national development plan (PND 2018-2022).
The investment program, which will be submitted in early summer to the Board of Directors of the German cement industry, includes the installation of a new mill in Lomé and a solar photovoltaic plant, to feed the factories. All projects are estimated at 25 million euros, or more than 16 billion FCFA.
As a reminder, according to the financial report for the year 2018 of HeidelbergCement, made public last month, the most important Togolese subsidiary of the group, Ciments du Togo (Cimtogo) came out with a net profit of 3.7 million euros ( 2.4 billion FCFA) in 2017. Similarly, Scantogo, the second subsidiary owned 89% by the German, generated a positive result of 7.7 million euros (5 billion) while the profit of Granutogo, third subsidiary specializing in the crushing of aggregates, amounted to 0.3 million euros (196 million FCFA).