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News Heidelberg Materials to acquire fly ash supplier ACE Group

Heidelberg Materials to acquire fly ash supplier ACE Group

Written by Global Cement staff 02 May 2024
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Malaysia: Heidelberg Materials has announced its acquisition of ACE Group, a supplier of pulverised fly ash, effective 1 May 2024. Reusing fly ash from energy generation contributes to reducing the CO₂ intensity of composite cement. When used as an additive, fly ash can replace part of the energy-intensive clinker and thus reduce the CO₂ intensity of the cement.

The acquisition includes ACE Greencemt Venture, ASAS Asia and AGP Logistics, with the leadership team from ACE Group continuing to manage the operations post-acquisition. Both parties have agreed not to disclose the financial terms of the transaction.

Last modified on 08 May 2024
Published in Global Cement News
Tagged under
  • Malaysia
  • Heidelberg Materials
  • Fly Ash
  • Acquisition
  • decarbonisation
  • GCW658

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