Cement News tagged under: Holcim
Holcim divests business in Russia14 December 2022, Published under Cement NewsHolcim has signed an agreement to sell its business in Russia to the local management team. With the new owners, the business will operate independently under a different brand, said the company in a statement. Closing of the transaction will be subject to regulatory approvals. “This divestment completes Holcim’s market exit from Russia in line with the company’s values to operate in the most responsible manner,” added the company. The Russian business has been deconsolidated since March 2... |
Infrastructure: the shining light in Colombia’s cement market12 December 2022, Published under Cement NewsThe infrastructure sector has played a key part in the prosperity of Colombia’s construction and cement industries. Going forward, analysts forecast a modest market expansion. By Bancolombia, Colombia, and ICR Research, UK. Colombia’s cement producers are looking to the infrastructure market to increase sales (Pictured: Argos’ Cartagena plant) Over the last decade, Colombia’s infrastructure sector has been fundamental to the performance of the country’s construction market and, ... |
WBA claims few science-based biodiversity assessments are carried out06 December 2022, Published under Cement NewsThe World Benchmarking Alliance’s (WBA) new Nature Benchmark has analysed around 400 companies on their operations impact on nature and biodiversity, including many from the construction and mining sector. The top 10 construction material companies have been ranked 1-10 for their reduced impact on nature and biodiversity: 1. Holcim , 2. CEMEX , 3. Siam Cement Group , 4. Owens Corning, 5. CRH , 6. Cementos Argos , 7. Heidelberg Materials , 8. Saint-Gobain , 9. Asia Cement Corp ,... |
Paths to decarbonisation05 December 2022, Published under Cement NewsHeidelberg Materials and Holcim, Europe’s two largest cement producers by revenue, have embarked on very different paths to reduce their carbon footprints to net zero by 2050. While Heidelberg Materials aims to pioneer carbon capture, utilisation and storage (CCUS) in the cement industry, Holcim is primarily reducing its exposure to the cement sector by half by 2025 via product diversification and asset disposals. Heidelberg Materials’ decarbonisation drive focusses on carbon capture ... |
Holcim to delist from Euronext Paris21 November 2022, Published under Cement NewsHolcim Ltd has announced that it is delisting its shares from Euronext Paris to simplify its trading structure, effective from 30 December 2022. According to the company, the decision will focus the trading of Holcim shares in its primary market, the SIX Swiss Exchange (SIX), reflecting the shift in volumes away from Euronext Paris over the years. The simplification, which has been approved by the Board of Directors of Euronext Paris SA , will further reduce Holcim's administrative... |
Holcim appoints new CFO18 November 2022, Published under Cement NewsHolcim haș appointed a new chief financial officer (CFO). Steffen Kindler will join the company, replacing Geraldine Picaud who is leaving Holcim effective from 1 May 2023. Mr Kindler joins Holcim from Nestle where he most recently held the role of CFO for Nestle’s German market. His broad experience spans key business roles, including VP Finance and Control of Los Angeles-based Nestlé Beverages USA, CFO of Nestlé Waters Europe, based in Paris; as well as responsibility for business dev... |
Holcim Romania to develop solar power project17 November 2022, Published under Cement NewsHolcim Romania is developing a photovoltaic park with an installed capacity of 1MWp at its cement plant in Alesd , Bihor County. The solar power project is co-financed within the “Energy programme in Romania”, having Innovation Norway as program operator. The main results targeted by the project include the reduction of greenhouse gas emissions by 383t of CO 2 /year and energy produced from renewable sources, amounting to 1254MWh per year on an average. “Innovation is key to achievi... |
Holcim showcases low-carbon materials at Greenbuild02 November 2022, Published under Cement NewsHolcim is exhibiting at Greenbuild 2022 in San Francisco, to showcase its most innovative and sustainable building solutions, making green building possible at scale. Greenbuild is the premier event for green building professionals worldwide, taking place from 1-3 November, in San Francisco, CA, USA and it is celebrating its 20-year anniversary. Holcim is demonstrating its low-carbon materials, such as the industry’s broadest range of green concrete, ECOPact, offering 100 per cent p... |
Holcim posts record 3Q performance01 November 2022, Published under Cement NewsHolcim reported record 3Q net sales of CHF8045m (US$8043.1m), up 10.4 per cent YoY and 16.3 per cent on a like-for-like (LfL) basis, from CHF7286m. Recurring EBIT edged 1.2 per cent (+7.7 per cent LfL) to CHF1551m in the 3Q22 from CHF1534m in the 3Q21. In the 9M22 group net sales increased 14.5 per cent (+13.9 per cent LfL) to CHF22,725m from CHF19,842m in the 9M21. Recurring EBITDA advanced to CHF3724m in the 9M21 from CHF3516m in the year-ago period. This represents a YoY rise of 5.9 p... |
GCC market to expand at a CAGR of 6% in 2022-3225 October 2022, Published under Cement NewsThe Gulf Corporation Council (GCC) cement market is predicted to grow at a CAGR of six per cent between 2022 and 2032, according to a report by Future Market Insights. Demand for cement by the end of the period is expected to reach a value of US$12,651m. Much of this growth is forecast to come from the residential sector on the back of population growth, along with public infrastructure and non-residential buildings, such as hospitals. According to the report, over the forecast period, Sa... |