Regulatory News:
Hoffmann Green Cement Technologies (ISIN: FR0013451044, Ticker:
ALHGR) (“Hoffmann Green Cement” or the “Company”), an industrial
player committed to the decarbonation of the construction sector
that designs and markets innovative clinker-free cements, announces
the launch of construction of H-KSA 1, the first Hoffmann unit in
Saudi Arabia.
The laying of the foundation stone at the Rabigh site follows
the signing of the licensing agreement with the Shurfah Group, a
Saudi conglomerate with a property portfolio of over 13,800 homes
and an investment of more than 6 billion riyals.
As a reminder, this exclusive 22-year agreement provides for the
construction of four Hoffmann Green units in Saudi Arabia to
support the decarbonization of the country's construction
sector.
As part of the Vision 2030 plan, the Shurfah Group will finance,
build and operate several Hoffmann Green production units and
commercialize Hoffmann Green decarbonized cements on an exclusive
basis throughout Saudi Arabia. This vertical unit and all following
ones will be built entirely with Hoffmann Green cement.
According to the timetable drawn up with the partner,
construction should be completed by the end of 2025.
Julien Blanchard and David Hoffmann, co-founders of Hoffmann
Green Cement Technologies, said: “The laying of the foundation
stone is a symbolic moment in any construction project. We are very
proud to have reached this first milestone with our partner
Shurfah, on schedule. Less than a year after signing the licensing
agreement, the start of construction of H-KSA 1 marks our
international deployment in support of the kingdom's ambitious
“Vision 2030” project. We are delighted to participate in the
decarbonization of the Saudi construction sector by building
several of our units on their territory and marketing our 0% cement
clinker.”
Abdullah Al Majed, Founder and Chairman of Shurfah Holding
Company, specifies, added: “Decarbonizing our “smart cities” is
a major challenge for Shurfah Holding and, more broadly, for Saudi
Arabia. This partnership with Hoffmann Green is a natural fit with
the Vision 2030 Plan, which strives to contribute to the
sustainable development of the Saudi economy. We now look forward
to continuing construction work to bring Saudi Arabia's first
sustainable 0% clinker cement to market.”
ABOUT HOFFMANN GREEN CEMENT TECHNOLOGIES
Founded in 2014 and based in Bournezeau (Vendée, Western
France), Hoffmann Green Cement Technologies designs, produces and
distributes innovative extremely low-carbon cements – with a carbon
footprint 5 times lower than traditional cement – that present, at
equivalent dosage and with no alteration to the concrete
manufacturing process, superior performances than traditional
cement.
Hoffmann Green operates two production units powered by a solar
tracker park on the Bournezeau site: a 4.0 factory and H2, the
world's first vertical cement plant inaugurated in May 2023. A
third factory will be established at the Grand Port of Dunkirk in
2025, bringing the total production capacity to 550,000 tons per
year, representing 3% of the French market. The group has
industrialized a genuine technological breakthrough based on
modifying cement composition and creating a cold manufacturing
process, with 0% clinker and low energy consumption, making it a
leading and unique player in the cement market that has not evolved
for 200 years.
In a context of climate urgency and energy price inflation,
Hoffmann Green Cement actively participates in energy transition by
producing clean cement that consumes 10 to 15 times less energy
than Portland cement. It also promotes eco-responsible construction
and encourages circular economy and natural resource preservation.
With its unparalleled and constantly evolving technological
expertise, driven by high-performing teams, Hoffmann Green Cement
Technologies serves all markets in the construction sector, both in
France and internationally.
Hoffmann Green was selected among the 2022 promotion of the top
20 French green startups as part of the French Tech Green20
program, led by the French Tech Mission in partnership with the
Ministry of Ecological Transition. In June 2023, the company was
selected for French Tech 2030, a new ambitious support program
operated by the French Tech Mission alongside the General
Secretariat for Investment (SGPI) and Bpifrance.
The company continues its international development with
contract signings in the United Kingdom, Belgium, Switzerland,
Saudi Arabia and recently in the United States.
For further information, please go to :
www.ciments-hoffmann.fr/
ABOUT SHURFAH HOLDING
An extension of the family’s historical legacy in real estate
development since 1944 whose real estate exceeded 13,800 thousand
units and more than 6 billion riyals of investments. In the past
few years, Mr. Abdullah Al Majed has diversified Shurfah Holding in
line with the Kingdom’s 2030 vision to reach 40+ companies under
the holding investments. In addition to the core business in Real
Estate Shurfah is expanding its activities to the strategic sectors
of Sustainability Industries Financial Services and Education.
Shurfah’s vision is to contribute to the sustainable development
of Saudi Arabia Economy and the realization of vision 2030 by
building a conglomerate of market leading enterprises.
Shurfah’s aim to build a portfolio of sustainable investments,
capitalizing on our focused sector approach, long term partnerships
and strong team experience.
Shurfah strives to build shareholder value, mindful of our
social, economic, and environmental responsibilities. Shurfah
Holding is an active investor in more than 45 companies, locally,
regionally, and globally in these sectors. Shurfah’s Brand is
having a current market value of 692 million Saudi Riyals.
For further information, please go to:
https://shurfah.com.sa/eng/
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240606407615/en/
Hoffmann Green Jérôme Caron Chief Financial Officer
finances@ciments-hoffmann.fr 02 51 460 600
NewCap Investors Relations Thomas Grojean Alban Dufumier
ciments-hoffmann@newcap.eu 01 44 71 94 94
NewCap Financial Media Relations Nicolas Merigeau Antoine
Pacquier ciments-hoffmann@newcap.eu 01 44 71 94 98
Hoffmann Green Cement Technologies | +33 2 51 460 600 |
finances@ciments-hoffmann.fr
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