Construction materials business SigmaRoc has incorporated a new subsidiary, SigmaGsy Ltd, dedicated to bulk shipping activities around the British Isles and northern Europe.
It anticipated its new subsidiary would add in excess of £200,000 a year to its operational EBITDA, starting from Q2 2017.
SigmaGsy would supplement the bulk shipping requirements of cement majors and other partners in the region with a specialised offering and support the shipping needs of SigmaRoc’s wholly owned subsidiary Ronez Ltd.
The new subsidiary would require an initial investment of £550,000 for the acquisition of highly specific equipment including a dedicated bulk cement carrier.
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