SigmaRoc incorporates dedicated shipping subsidiary

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.

Story provided by StockMarketWire.com