Cement News tagged under: Holcim
Holcim completes Cantillana acquisition23 September 2022, Published under Cement NewsHolcim has completed the acquisition of Cantillana, a specialty building solutions market leader in Belgium with 2022 estimated net sales of EUR80m. Cantillana offers a broad range of façade construction and external thermal insulation systems. This further strengthens Holcim’s position in building renovation and energy efficiency solutions, building on the recent acquisitions of PRB Group in France, PTB-Compaktuna in Belgium and Izolbet in Poland. With more than 200 employees and ... |
Holcim launches world's first 1.5°C science-based framework22 September 2022, Published under Cement NewsHolcim has announced the launch of the world’s first 1.5°C science-based framework to decarbonise the cement industry, following its partnership with the Science Based Targets initiative (SBTi). The framework was independently developed by the SBTi, in collaboration with an expert advisory group representing academia, civil society and industry, to decarbonise cement in a rigorous and science-driven way. Holcim has submitted its 1.5°C-aligned 2030 targets for SBTi validation, and is engagi... |
Holcim expands digital customer platform21 September 2022, Published under Cement NewsHolcim is expanding its proprietary digital customer platform, ConcreteDirect, from North America to Europe and Latin America. This expansion of the comprehensive digital platform for construction job site professionals offers a seamless customer experience from France, Germany and the UK, all the way to Colombia, Ecuador and El Salvador. The platform connects all relevant jobsite professionals on a construction site with Holcim’s teams to best coordinate their tasks with tailored real-tim... |
Adani Group to double cement production capacity20 September 2022, Published under Cement NewsThe Adani Group plans to double its cement production capacity over the next five years, according to Gautam Adani, group chairman. Speaking at an event in Mumbai to mark the closure of Adani Group’s acquisition of Holcim ’s stakes in Ambuja Cements and ACC Ltd , Mr Adani said that he expects capacity to go from the current 70Mta to 140Mta over the course of the next five years. “While India is the second largest producer of cement in the world, our per capita consumption is just 25... |
Holcim closes sale of India business16 September 2022, Published under Cement NewsHolcim has closed the sale of its business in India to the Adani Group. The deal includes Holcim’s stake in Ambuja Cement at a share price of INR385 (US$4.82) and in ACC at a share price of INR2300, resulting in cash proceeds for Holcim of US$6.4bn, according to Dow Jones. Holcim held a 63.11 per cent stake in Ambuja Cement, which owns 50.05 per cent of ACC, along with a 4.48 per cent direct stake in ACC. Jan Jenisch, CEO, Holcim, said, “I would like to thank our 10,700 Indian coll... |
Holcim closes Brazilian deal07 September 2022, Published under Cement NewsHolcim has closed the sale of its business in Brazil to CSN (Companhia Siderúrgica Nacional) for an enterprise value of US$1.025bn. The deal was closed following approvals from Brazilian authorities. This transaction includes Holcim’s five integrated cement plants, four grinding stations, six aggregates sites and 19 ready-mix concrete facilities. Latin America remains a core strategic growth region for Holcim, according to the group. In the first half of 2022 Holcim completed a new ceme... |
Swiss decarbonisation report claims high cost for industry to reach net zero01 September 2022, Published under Cement NewsA collaborative decarbonisation report on the Swiss cement sector between ETH Zürich, Jura Cement , Vigier Holding , Holcim , cemsuisse, Swiss Federal Office of Energy and the Federal Office for the Environment has advised that net zero can be achieved by 2050 at a CO 2 abatement cost of CHF113/tCO 2 (US$115/tCO 2 ). This would lead to a mothballed annual decarbonisation cost of approximately CHF300m (US$307m) for the Swiss cement sector. The report claims that abatement costs rise wit... |
Increasing scope 3 emission reduction investments26 August 2022, Published under Cement NewsThis week, Hanson UK reported on its investment in electric vehicles (EV). The need for more clean energy transport in the cement sector is expected to rise substantially as companies look to meet lower emission targets by 2030. Replacing conventional diesel and petrol vehicles with EV, gas or hydrogen technology is a simple way of reducing scope 3 emissions. The cement sector emits most of its CO 2 directly in scope 1 emissions from the cement stack from pyroprocessing and scope 2 indir... |
Holcim joins water coalitions25 August 2022, Published under Cement NewsHolcim has joined the 50L Home Coalition and the Water Resilience Coalition. Through the 50L Home Coalition, Holcim will expand its reach in addressing urban water crises around the world. As a member of the Water Resilience Coalition, Holcim will ensure its water-positive impact methodology aligns with the Coalition’s Net Positive Water Impact concept, then share its methodology for use by other companies. Through these two memberships, Holcim will leverage the rigorous, science-based ap... |
CCI approves Adani acquisition of Ambuja and ACC stakes16 August 2022, Published under Cement NewsThe Competition Commission of India (CCI) has approved the acquisition of Holcim ’s stake in Ambuja Cements Ltd and its subsidiary ACC Ltd by the Adani Group. The deal, which was initially entered into by Adani in May this year, will propel the group to become India’s second-largest cement producer. Holcim currently holds a 63.11 per cent share in Ambuja Cements and a 4.48 per cent share in ACC. Furthermore, Ambuja holds a 50.05 per cent stake in ACC. The acquisition will b... |