Adani Group to double cement production capacity
The Adani Group plans to double its cement production capacity over the next five years, according to Gautam Adani, group chairman. Speaking at an event in Mumbai to mark the...
Holcim
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Holcim closes sale of India business
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 ...
Holcim closes Brazilian deal
Holcim has closed the sale of its business in Brazil to CSN (Companhia Siderúrgica Nacional) for an enterprise value of US$1.025bn. The deal was closed following approvals fr...
Swiss decarbonisation report claims high cost for industry to reach net zero
A collaborative decarbonisation report on the Swiss cement sector between ETH Zürich, Jura Cement , Vigier Holding , Holcim , cemsuisse, Swiss Federal Office of Energy and t...
Increasing scope 3 emission reduction investments
This week, Hanson UK reported on its investment in electric vehicles (EV). The need for more clean energy transport in the cement sector is expected to rise substantially as co...
Holcim joins water coalitions
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 aro...
CCI approves Adani acquisition of Ambuja and ACC stakes
The Competition Commission of India (CCI) has approved the acquisition of Holcim ’s stake in Ambuja Cements Ltd and its subsidiary ACC Ltd by the Adani Group. The deal, w...
Holcim US acquires Basic Construction Company LLC
Holcim US has acquired the sand and gravel operations of Basic Construction Company LLC in New Kent County, Virginia, USA. The deal is expected to significantly expand strategi...
Holcim acquires SES insulation and roofing business
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. S...
Holcim’s Russian assets raided
Holcim has reported a raiding attempt on its Russian assets, according to Kommersant daily and RIA Novosti. Unidentified people have filed documents with the Federal Tax Servic...