Cement News tagged under: Switzerland
Sika confirms record EBIT for 202221 February 2023, Published under Cement NewsSika has reported a record-high operating profit (EBIT) for 2022, coming in at CHF1579.7m (US$1709m), up 13.5 per cent YoY. The EBIT margin for 2022 stands at 15.1 per cent, compared to 15 per cent in the previous year. The company had already released its 2022 results in January this year, which saw sales exceed CHF10bn for the first time, but had predicted a record EBIT and an EBIT margin of 15 per cent, both of which have been now been confirmed. According to the company, at its AGM on ... |
Holcim acquires FDT Flachdach Technologie GmbH17 February 2023, Published under Cement NewsHolcim has signed an agreement to acquire FDT Flachdach Technologie GmbH (FDT), a leading manufacturer of thermoplastic roofs with a strong presence in fast-growing European markets with 2022 net sales of EUR50m. As a technology and sustainability leader in its sector, FDT will complement Holcim’s integrated roofing offer and strengthen the geographical footprint of the business. With this acquisition, Holcim roofing systems will exceed US$4bn in net sales ahead of schedule, accoridng to t... |
Holcim acquires Dura-Last roofing company07 February 2023, Published under Cement NewsHolcim has signed an agreement to acquire Duro-Last, a US-based leader in commercial roofing systems. Duro-Last’s systems range from cool roofs, enhancing buildings’ energy efficiency, to its award-winning 'Recycle Your Roof' programme, driving circularity in roofing. It is also the first company in the US to offer third-party verified environmental product declarations for its thermoplastic roofing solutions. According to Holcim, with Dura-Last's track record of double-digit growth in... |
Islanders press ahead with legal action against Holcim02 February 2023, Published under Cement NewsResidents of the Indonesian island of Pulau Pari are pressing ahead with their legal action against Holcim , intending to hold the Swiss company liable for pollution and the impact of climate change affecting the island. According to the Financial Times, the island’s 1500 residents argue that they are at serious risk of losing their livelihoods as a result of rising sea levels and flooding. Their case demands that Holcim pays 0.42 per cent of the cost of damages already incurred and impe... |
Holcim expands presence in US roofing market25 January 2023, Published under Cement NewsHolcim has acquired a state-of-the-art fibreglass mat facility in Maryland, USA, from an affiliate company of Maryland Paper. This transaction expands Holcim’s technology platform for high-performing and durable roofing systems. By integrating fibreglass mat into its business, Holcim aims to deliver more value for its customers with an enhanced supply chain. According to the company, this investment supports Holcim’s expansion in the fast-growing US$45bn North America roofing market. Ja... |
Holcim extends aggregates reach with US acquisition23 January 2023, Published under Cement NewsHolcim has acquired the sand and aggregates quarries of Pioneer Landscape Centers, a market leader in the fast growing metropolitan US markets of Denver, Phoenix and Colorado Springs and a major supplier of construction aggregates for the region. The transaction includes thirteen quarries and complements Holcim’s December 2022 acquisition of aggregate reserves in Greeley, Colorado. According to the company, the acquisitions will support Holcim’s growth in the region for several decades... |
Holcim receives EUR328m funding for CCUS projects20 January 2023, Published under Cement NewsHolcim has received EUR328m (US$355.36m) in funding from the European Union's Innovation Fund for two carbon capture, utilisation and storage (CCUS) projects. The schemes in Poland and Germany are part of Holcim's net-zero roadmap, including over 50 CCUS projects worldwide, and put the company one step closer to creating one of the world’s first climate-neutral cement plants. Miljan Gutovic, region head Europe at Holcim, said, “As a global leader in building solutions, Holcim is on a m... |
Holcim is authorised to extend Mormont quarry18 January 2023, Published under Cement NewsHolcim Switzerland has heard that the decision of the Federal Tribunal is to authorise the Birette extension of the Mormont quarry. This decision guarantees the long-term supply of local and sustainable building materials for its construction and infrastructure projects in French-speaking Switzerland. For the first time, federal judges have recognised the national importance of cement supply and recognised the special importance of Holcim's query, which is now considered to be of nationa... |
Sika reports record sales in excess of CHF10bn12 January 2023, Published under Cement NewsIn 2022 Sika reported sales in excess of CHF10bn (US$10.83bn) for the first time as the company saw sales growth of 15.8 per cent in local currencies compared to the previous year. Total sales came in at CHF10.49bn despite the increasingly difficult backdrop of rising raw material prices and a slowdown in construction sector growth in the second half of the year. In the EMEA region sales increased by 8.3 per cent YoY in local currencies in 2022, despite Sika’s distribution business ... |
Swiss market contracts by 1% in 202211 January 2023, Published under Cement NewsCement deliveries in Switzerland, including Liechtenstein, were down 6.3 per cent YoY to 971,994t in the fourth quarter of 2022 from 1,037,394t in the 4Q21, according to cemsuisse, the Swiss cement association. Low-carbon cements accounted for 94.7 per cent of sales. A total of 73.2 per cent of deliveries were supplied to ready-mix concrete companies while 20.2 per cent of deliveries represented the off-take of construction companies and contractors. In 2022 cement deliveries in Switzerlan... |