Cement News tagged under: Switzerland
Lafarge Cement fined US$778m for ISIS payments19 October 2022, Published under Cement NewsLafarge Cement has agreed to plead guilty and pay a fine of US$777.8m for payments it made to terror organisation ISIS to keep operating a cement plant in Syria. The payments to ISIS, which reportedly totalled US$10.23m, were made from August 2013 to October 2014 and took place while the terrorist group was kidnapping and killing westerners, reports CNBC. According to the United States Department of Justice, "The gains to all participants in the conspiracy, including LCS [Lafarge Cement S... |
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 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... |
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... |
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... |
Holcim acquires SES insulation and roofing business02 August 2022, Published under Cement NewsHolcim has successfully completed the acquisition of SES Foam LLC, the biggest independent spray foam insulation company in the US with 2022 estimated net sales of US$200m. SES has a track record of double-digit growth, with advanced energy-efficiency and bio-based solutions for new and green retrofitting projects. Jamie Gentoso, global head Solutions & Products: “I warmly welcome all SES employees into the Holcim family. With SES’ leadership in thermal insulation, we are expanding our... |
Holcim reports on record results in 1H2227 July 2022, Published under Cement NewsHolcim has reported record sales on CHF14,681m (US$15,273m) in the first half of 2022, marking a 16.9 per cent increase YoY, driven by sales growth in all segments. Net sales in the second quarter alone were up 13.6 per cent YoY to CHF8240m. Record recurring EBIT was also seen in the 1H22, coming in at CHF2173m, up 9,6 per cent YoY. This was attributed to a robust improvement in profitability in the company's Solutions & Products segment and strong recurring EBIT margin expansion in North ... |
Sika sees sales advance 18% YoY in 1H2225 July 2022, Published under Cement NewsSika has reported an 18 per cent YoY increase in sales to CHF5250.3m (US$5424m) in the first half of 2022. In local currencies this equates to growth of 19.5 per cent. Operating profit (EBIT) over the same period advanced by 22.7 per cent YoY to CHF841.9m with a record EBIT margin of 16 per cent. According to the company, higher input costs due to a substantial rise in the cost of raw materials were offset by price increases, despite the difficult geopolitical and macroeconomic environment. ... |
European Innovation Funding awarded for decarbonisation projects15 July 2022, Published under Cement NewsThe European Innovation Fund (EU Environment and Climate) has agreed funding for several cement and lime sector projects, with Holcim and Lhoist among the companies that will receive funding. Holcim Germany has received funding approval from the European Union for the Carbon2Business project in Lägerdorf in Schleswig-Holstein from the EU Innovation Fund. The funding is aimed at the construction of a new kiln line at Lägerdorf plant. With the use of oxyfuel technology, the first clima... |
Holcim MAQER partners with Binni12 July 2022, Published under Cement NewsThrough the Holcim MAQER platform, Holcim Group is partnering with Binni, a start-up at the forefront of easing collaboration in the construction industry. Binni's cloud-based software allows teams to make decisions based on real-time data, improving efficiency and helping them to make greener choices. |