Cement News tagged under: Switzerland

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Holcim closes sale of India business

16 September 2022, Published under Cement News

Holcim 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 zero

01 September 2022, Published under Cement News

A 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 coalitions

25 August 2022, Published under Cement News

Holcim 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 business

02 August 2022, Published under Cement News

Holcim 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 1H22

27 July 2022, Published under Cement News

Holcim 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 1H22

25 July 2022, Published under Cement News

Sika 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 projects

15 July 2022, Published under Cement News

The 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 Binni

12 July 2022, Published under Cement News

Through 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.

Hoffmann Green Cement Technologies opens Swiss subsidiary

08 July 2022, Published under Cement News

France-based Hoffmann Green Cement Technologies (HGCT) announced the opening of its first international subsidiary in Switzerland, as part of a joint venture with an undisclosed Swiss construction company. The joint venture will be the exclusive distributor of HGCT’s cement in Switzerland. Julien Blanchard and David Hoffmann, co-founders of Hoffmann Green Cement Technologies, said: "After signing our first contract outside of France more than a year ago, we are proud to accelerate our int...

Swiss deliveries slip in 2Q but up 3% in 1H22

07 July 2022, Published under Cement News

Cement deliveries in Switzerland, including Liechtenstein, slipped 2.2 per cent YoY to 1,143,153t in the second quarter of 2022 from 1,168,331t in the 2Q21, according to cemsuisse, the Swiss cement association. January-June 2022 In the first half of 2022 cement deliveries increased by 3.1 per cent YoY to 2,093,709t from 2,030,542t in the 1H21. Of this total, the largest share of deliveries was low-carbon CEM II cement, which accounted for 87.8 per cent of all deliveries. Bulk cement ac...