# Holcim and HeidelbergCement to form joint venture for Cement Australia

Holcim plans to sell 25% of Cement Australia to HeidelbergCement, creating a 50/50 joint venture. Cement Australia operates two cement plants and a grinding station with total annual capacity of 4.2 million tonnes, plus a new grinding station in Port Kembla (1.1 million tonnes) coming on stream in 2013.

- Type: Acquisition
- Announced: 2022-02-07
- Where: East and Southeast Australia, Tasmania, Port Kembla, Australia
- Jobs: 1,000
- Status: announced
- Capacity: 5.3 million tonnes per year
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Holcim](https://endata.com/companies/15354.md)
- [HeidelbergCement](https://endata.com/companies/20595.md) (partner)
- [Cement Australia](https://endata.com/companies/47692.md) (target)

## Sources

- [holcim.com](https://www.holcim.com/media/media-releases/holcim-and-heidelbergcement-intend-joint-control-cement-australia), 2022-02-07: "Holcim and HeidelbergCement intend to balance their respective interests in Cement Australia and to operate the company as a joint venture."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.