Page 55 - Sigmaroc Annual-Report 2023

Group structure
Following the transformational acquisition of Nordkalk in August 2021, the Group’s geographical footprint, product offering and end-user markets changed substantially. Whilst wishing to retain the established platform model, which has proven effective in ensuring the businesses remain locally focused and agile, we saw the potential to enhance this through additional Group level structure to support further growth and expansion.
In 2022 we augmented our platforms with an overarching regional structure. Each region has a Managing Director and Financial Director who are responsible and accountable for overseeing performance, steering development and driving growth.
The regional structure aligns the Group as follows:
Michael Roddy
Eric Dothée
Marcel Gestranius
Michael Crump
Dean Masefield
Marcel Gestranius
UK
Channel Islands
Belgium Netherlands Luxembourg Northern France
Finland Sweden Norway Poland Baltics Spain1
PPG
England
Wales
Channel Islands
Dimension Stone Benelux
Quicklime Nordics Poland Baltics
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Region
North West
West
MD
FD
Countries
Platforms
North East
1 La Belonga was acquired by Nordkalk and in 2023 reported into the North East Region; this will be reviewed as the Group develops.
As part of the CRH Lime Acquisitions, the Group is expanding this structure to include a new Central Region, which consists of Germany and Czechia, as well as separating the North East Region into two, with the North Region comprising Finland, Sweden, Norway and the Baltics, and the East Region comprising Poland and Ukraine.
At a product level, the Group was structured around three core product categories which it used to assess performance, being industrial minerals, construction minerals and dimension stone.
Industrial minerals are higher-grade limestone products produced from quarried limestone material which is processed into an ore and then ground into powders and granulates or burnt into quicklime, which can then be further processed through re-carbonation. Industrial minerals also include other high-grade specialised minerals such as dolomite and wollastonite. Industrial mineral customers are typically large national or multinational corporates under fixed annual supply agreements over long-term contracts. In most cases, these contracts include dynamic pricing mechanisms to adjust for changes in the price of key input costs such as energy and logistics.
Construction minerals are quarried lower-grade limestone or granite products, crushed to various size specifications, and sold as aggregate or processed into value-added products such as concrete blocks, pre-cast concrete, ready- mix concrete, and asphalt. Construction mineral customers range from:
• Government Agencies for construction and maintenance of vertical and horizontal infrastructure such as roads and sea defences.
• Large corporates for vertical and horizontal construction including commercial and residential.
• Independent house builders and contractors.
• Merchants and resellers including shipping agencies and wholesalers.
• Individuals and small businesses undertaking small projects and home improvements.
Dimension stone is natural limestone with unique characteristics (colour, texture and pattern) which is quarried as large blocks, processed into slabs, and then cut and finished to various specifications. Dimension