Cement News tagged under: Holcim
Holcim to acquire Izolbet of Poland16 May 2022, Published under Cement NewsHolcim has entered an agreement to acquire Izolbet, one of the leading players in the specialty building solutions market in Poland. Izolbet has delivered double-digit growth in sales and EBITDA over the last three years. The acquisition will strengthen Holcim’s footprint in the highly attractive market for renovation, thermal insulation and finishing, and will complement Holcim’s recent investment in a new production facility for dry mixes in Kraków. Miljan Gutovic, EMEA regi... |
Holcim board welcomes new members05 May 2022, Published under Cement NewsAt its annual general meeting on 4 May 2022, Holcim confirmed Beat Hess as the new chairman of the board. All members of the board standing for re-election were also confirmed in office, while Leanne Geale and Ilias Läber were both elected as new members. Shareholders also confirmed Claudia Sender Ramirez and Hanne Birgitte Breinbjerg Sørensen as members of the Nomination, Compensation & Governance Committee, while Ilias Läber and Jürg Oleas were elected as new members. Ms Sørensen will... |
Dalmia Bharat joins the Holcim India race03 May 2022, Published under Cement NewsDalmia Bharat Ltd is reportedly planning to bid for Holcim’s India businesses. According to sources close to Dalmia, the company is in talks with banks to secure financing for the bid which would add almost 65Mta of capacity to Dalmia’s existing 35Mta. UltraTech Cement, part of the Aditya Birla Group, is also planning to join the race for the Holcim assets - ACC Ltd and Gujarat Ambuja Ltd – but is concerned that its current capacity of almost 120Mta may come up against resistance fro... |
Holcim buys six quarries from FAMY Group03 May 2022, Published under Cement NewsHolcim has acquired six quarries from the FAMY Group, a major player in the aggregates sector in eastern France. The quarries currently serve the metropolitan areas of Dijon, Lyon and Geneva (Switzerland), accelerating Holcim’s expansion into the growing Rhône-Alpes region. Miljan Gutovic, regional head for Europe, the Middle East and Africa at Holcim, said, “This acquisition expands our footprint in the highly attractive Rhône-Alpes region, confirming our ambition to revitalise key u... |
JSW Group joins the race for Holcim in India02 May 2022, Published under Cement NewsThe race for the acquisition of a controlling stake in Holcim Group’s cement businesses in India is intensifying, with JSW Group lining up an array of private equity firms and lenders to fund the deal. The move follows a similar arrangement by the Adani Group, helmed by billionaire Gautam Adani, which is also in discussions with a number of global lenders. JSW Group has reportedly received assurances for funds of up to US$11bn from PE firms and lenders, including American PE major Carlyle... |
Holcim and Bloomberg launch 'Circular cities Barometer'29 April 2022, Published under Cement NewsAs part of their partnership, Holcim and Bloomberg Media have launched the “ Circular Cities Barometer ” to understand how cities are leading the shift to circular living for a sustainable future. Jan Jenisch, Holcim CEO: “Circular economy is a key element to stay within our planet's boundaries and get serious about climate action. With our world’s rapid urbanisation, cities are at the center of this shift from a linear ‘take-make-waste’ economy to a circular ‘reduce-reuse-recycle... |
Holcim's "GO4Zero' project sees public inquiry open27 April 2022, Published under Cement NewsHolcim 's new "GO4ZERO" kiln project in Obourg, Belgium, will undergoing a public inquiry, from 25 April to 25 May to give the inhabitants of the municipalities of Mons, Soignies, Le Roeulx and Jurbise the opportunity to express any observations about the project to construct a new 1.68Mta clinker kiln and its ancillary facilities on the Obourg site , as well as to the anticipated renovation of the cement grinding facilities. The Walloon administration notified the cement manufactur... |
Aditya Birla Group will consider buying Holcim's Indian assets26 April 2022, Published under Cement NewsKumar Mangalam Birla, chairperson of Aditya Birla, is reportedly looking at ways to make a bid for ACC Ltd and Ambuja Cements that Holcim intends to divest, according to The Economic Times. UltraTech Cement ( Aditya Birla Group ) may look to expand its leading position in the market as any producer that picks up the Holcim assets in India will automatically become a contender to UltraTech Cement , as Holcim is the second-largest player in the Indian cement sector. However, analysts bel... |
Holcim records 1Q22 net sales growth of 20%25 April 2022, Published under Cement NewsHolcim announced net sales amounted to CHF6440m (US$6.72bn) in the 1Q22, up 20.1 per cent from CHF5362m recorded in the 1Q21. The company achieved double-digit net sales growth in Solutions & Products, driven by its roofing business sales, to achieve net sales of CHF5bn. Cement volumes reached 46.1Mt in the 1Q22, down 2.6 per cent on 47.3Mt recorded in the 1Q21. Sales of aggregates reached 51.5Mt up from 48.5Mt in the 1Q21, a rise of 6.1 per cent. Ready-mix volumes increased to 10.9... |
JSW Group in discussions to raise funds to bid for Holcim's Indian operations22 April 2022, Published under Cement NewsSajjan Jindal-led JSW Group has initiated discussions with private equity (PE) firm Carlyle to join forces and back its bid for Holcim ’s Indian cement operations, said people aware of the matter. Holcim Group is reputedly looking to exit India 17 years after its entry, putting its twin listed arms of Ambuja Cements and ACC Ltd up for sale as part of a global strategy to focus on core markets. JSW, one of the strong contenders for the acquisition, is busy organising b... |