Heidelberg Materials Buys Malaysia's Top Fly Ash Supplier
Heidelberg Materials announced it has agreed to buy ACE Group, the biggest supplier of pulverised fly ash in Malaysia.
The deal strengthens Heidelberg Materials' position in Southeast Asia's growing market and boosts their recycling efforts.
Fly ash is a byproduct of coal power generation. When used in cement, it can replace some of the energy-intensive clinker, lowering the overall carbon footprint of the final product.
ACE Group includes three businesses: ACE Greencemt Venture, a leading fly ash supplier in Malaysia's construction industry; ASAS Asia, which processes coal ash; and AGP Logistics, a company with 20 silo trucks for deliveries. The ACE Group leadership team will stay on after the acquisition.
“The acquisition reflects our strong commitment to further strengthening our footprint in a growing market in Southeast Asia,” says Roberto Callieri, Member of the Managing Board of Heidelberg Materials and CEO of Heidelberg Materials Asia. “Leveraging the vertical integration of ACE Group helps to drive our ambitious carbon reduction targets at all our sites throughout Malaysia.”
“We are experiencing a growing demand for sustainable building materials,” says Dr Nicola Kimm, Chief Sustainability Officer and Member of the Managing Board of Heidelberg Materials. “With the acquisition of ACE Group, we continue to optimise our portfolio and lower our carbon footprint in yet another key market, on our path to eventually delivering net-zero cement and concrete across the globe.”
Heidelberg Materials Expands in Indonesia
Last year, Heidelberg Materials strengthened its presence in the wider Asia-Pacific region by acquiring an integrated cement plant in Central Java, Indonesia, through their subsidiary Indocement.
The Semen Grobogan plant has a production capacity of 1.8 million tonnes of clinker and 2.5 million tonnes of cement. The limestone reserves there are expected to last over 50 years. As part of Heidelberg Materials' global climate strategy, they are developing a specific CO₂ reduction plan for the plant, which will include concrete steps to bring down carbon emissions.
Discover an extensive network of ESG providers here
Source: Heidelberg Materials
Get the ESG Brief in your inbox
One concise email a week — the ratings moves, regulation deadlines, and vetted solutions that matter. Trusted by sustainability and finance teams.
No spam · unsubscribe anytime.
