Cement News tagged under: holcim
Holcim to delist from Euronext Paris21 November 2022, Published under Cement NewsHolcim Ltd has announced that it is delisting its shares from Euronext Paris to simplify its trading structure, effective from 30 December 2022. According to the company, the decision will focus the trading of Holcim shares in its primary market, the SIX Swiss Exchange (SIX), reflecting the shift in volumes away from Euronext Paris over the years. The simplification, which has been approved by the Board of Directors of Euronext Paris SA , will further reduce Holcim's administrative... |
Holcim appoints new CFO18 November 2022, Published under Cement NewsHolcim haș appointed a new chief financial officer (CFO). Steffen Kindler will join the company, replacing Geraldine Picaud who is leaving Holcim effective from 1 May 2023. Mr Kindler joins Holcim from Nestle where he most recently held the role of CFO for Nestle’s German market. His broad experience spans key business roles, including VP Finance and Control of Los Angeles-based Nestlé Beverages USA, CFO of Nestlé Waters Europe, based in Paris; as well as responsibility for business dev... |
Holcim Romania to develop solar power project17 November 2022, Published under Cement NewsHolcim Romania is developing a photovoltaic park with an installed capacity of 1MWp at its cement plant in Alesd , Bihor County. The solar power project is co-financed within the “Energy programme in Romania”, having Innovation Norway as program operator. The main results targeted by the project include the reduction of greenhouse gas emissions by 383t of CO 2 /year and energy produced from renewable sources, amounting to 1254MWh per year on an average. “Innovation is key to achievi... |
Holcim showcases low-carbon materials at Greenbuild02 November 2022, Published under Cement NewsHolcim is exhibiting at Greenbuild 2022 in San Francisco, to showcase its most innovative and sustainable building solutions, making green building possible at scale. Greenbuild is the premier event for green building professionals worldwide, taking place from 1-3 November, in San Francisco, CA, USA and it is celebrating its 20-year anniversary. Holcim is demonstrating its low-carbon materials, such as the industry’s broadest range of green concrete, ECOPact, offering 100 per cent p... |
Holcim posts record 3Q performance01 November 2022, Published under Cement NewsHolcim reported record 3Q net sales of CHF8045m (US$8043.1m), up 10.4 per cent YoY and 16.3 per cent on a like-for-like (LfL) basis, from CHF7286m. Recurring EBIT edged 1.2 per cent (+7.7 per cent LfL) to CHF1551m in the 3Q22 from CHF1534m in the 3Q21. In the 9M22 group net sales increased 14.5 per cent (+13.9 per cent LfL) to CHF22,725m from CHF19,842m in the 9M21. Recurring EBITDA advanced to CHF3724m in the 9M21 from CHF3516m in the year-ago period. This represents a YoY rise of 5.9 p... |
GCC market to expand at a CAGR of 6% in 2022-3225 October 2022, Published under Cement NewsThe Gulf Corporation Council (GCC) cement market is predicted to grow at a CAGR of six per cent between 2022 and 2032, according to a report by Future Market Insights. Demand for cement by the end of the period is expected to reach a value of US$12,651m. Much of this growth is forecast to come from the residential sector on the back of population growth, along with public infrastructure and non-residential buildings, such as hospitals. According to the report, over the forecast period, Sa... |
Thomas Gruppe acquires Opterra Zement GmbH and Opterra Beton GmbH24 October 2022, Published under Cement NewsThomas Gruppe has confirmed the acquisition of Opterra Zement GmbH and Opterra Beton GmbH (east Germany), which have been owned by CRH Plc since 2015 as part of the pre-merger bulk acquisition of certain Lafarge and Holcim assets. CIC-Market Solutions estimates Opterra's cement sales to be close to EUR110m. The transaction amount has not been disclosed but is unlikely to exceed EUR200m. CRH previously tried to sell this asset to Schwenk Zement KG in 2017 (transaction value of the m... |
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... |
LafargeHolcim Côte d’Ivoire launch Bélier Blanc13 October 2022, Published under Cement NewsThe General Management of LafargeHolcim Côte d'Ivoire proceeded on 6 October 2022 to an official launch ceremony of its latest product ‘Bélier Blanc’, the first white cement produced in west Africa. The event was held at its plant in the presence of the Deputy Director of Cabinet of the Minister of Commerce, Industry and SME Promotion, and several state authorities. LafargeHolcim Côte d’Ivoire ( Holcim ) Bélier Blanc's development required an investment of more than XOF1bn (US$1.48m)... |
Adani in talks to acquire Jaiprakash cement unit10 October 2022, Published under Cement NewsAdani Group is in advanced talks to acquire the cement unit of Jaiprakash Power Ventures Ltd, part of Jaiprakash Associates Ltd, according to Mint. The group is expected to pay around INR50bn (US$607m) for a 2Mta grinding unit in Nigrie, Madhya Pradesh, along with other smaller assets. The deal will not only help lower debt for Jaiprakash Power Ventures Ltd but also solidify Adani’s place in the cement industry, having already acquired Ambuja Cements Ltd and ACC Ltd from Holcim fo... |