Business
Joint Venture with Carrières du Boulonnais
Joint Venture with Carrières du Boulonnais.
About this update from Sigmaroc Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8612B\n SigmaRoc PLC\n 15 June 2021\n \n \n \n \n 15 June 2021\n \n \n \n \n \n (EPIC: SRC / Market: AIM / Sector: Construction Materials)\n \n \n \n \n \n SIGMAROC PLC\n \n \n \n \n \n (\n '\n SigmaRoc\n '\n , \n the 'Company' or the 'Group'\n )\n \n \n \n \n \n \n Joint Venture with \n \n \n Carrières\n \n \n du Boulonnais\n \n \n \n SigmaRoc (AIM: SRC), the AIM quoted buy-and-build construction materials group, is pleased to update the market on its developments in its Benelux platform:\n \n \n Joint Venture focussed on Aggregates Markets in Benelux and Northern France \n \n \n SigmaRoc is pleased to announce that it has signed a joint venture agreement with major Calais based high grade limestone and construction materials company, \n Carrières\n du Boulonnais ('CB'), part of Groupe \n Carrières\n du Boulonnais ('Groupe CB'), which has become a 25% shareholder in Granulats du Hainaut ('GduH'), with the aim ofexpandingGduHinto a Benelux and Northern France wide supplier of limestone products. As a shareholder, CB will assist in the development of GduH from a financial and technical perspective and materially increase GduH's market presence in these target markets. As a result, it is expected the target footprint for GduH's activities will reach beyond Belgium and into Northern France. GduH is the Group's Benelux production and distribution subsidiary and SigmaRoc will continue to wholly own its quarrying assets in Belgium.\n \n \n As part of the Joint Venture agreement,CB has agreed to co-fund the new crushing and screening installations planned to be builtby 2024at GduH's aggregates operations at \n Carrières du Hainaut\n . CB will also lend its vast technical expertise in the sector to optimally set up the new installations and their product offering. As a result, GduH will be able to commence servicing the Benelux and Northern French markets and, following the expiry of its existing agreement to supply LafargeHolcim in 2024,supplyover two million tonnes of virgin \n construction aggregate\n s\n per year, making it one of the largest suppliers in the region.\n \n \n \n About Groupe \n \n \n Carrières\n \n \n du Boulonnais\n \n \n \n CB\n is part of Groupe CB, which is a major independent supplier of construction aggregates and High Grade Limestone products, destine...