JONA (dpa-AFX) - Swiss building material maker LafargeHolcim (HCMLY.PK) said on Tuesday that it sold its cement business in Northern Ireland, or NI, to Cookstown Cement Ltd for 70 million Swiss franc, covering a production capacity of 0.45 million tons.
Miljan Gutovic, Holcim Region Head EMEA, commented: 'This divestment advances our 'Strategy 2025 - Accelerating Green Growth' with a focus on consolidating our leadership in core markets to become the global leader in innovative and sustainable building solutions. With Cookstown Cement Ltd, we are pleased to have found a strategic and trusted owner for the business, better positioned to continue investing in its long term growth.'
Cookstown is a newly founded local construction company, formed by a longstanding business partner of Holcim.
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