Holcim

HSBC downgrades Holcim

HSBC downgrades Holcim to neutral from overweight and raises target to CHF77 from CHF75 on expectations of a recovery in cement company earnings. "Our forecast is reinforced by ...

Holcim Apasco: cement consumption in Mexico expanded 3.5% in 2012

Holcim’s Mexican arm, Holcim Apasco, estimates that cement demand in the country grew 3.5 per cent in 2012 compared to 2011.

Holcim raises cement prices in Mauritius

Huaxin to acquire stakes in two Hubei-based companies, China

Huaxin Cement is continuing its acquisitions policy by announcing it plans to acquire stakes in two companies based in Hubei province. The Chinese producer is set to buy a 70 pe...

Holcim sells stake in power generation subsidiary, Philippines

Trans-Asia Oil and Energy Development Corp (TA Oil) has acquired the stake of partner Holcim Philippines Inc in a power plant in Bulacan province. In a disclosure to the Philipp...

Holcim Indonesia agrees to higher royalty payout

PT Holcim Indonesia has increased the royalty to its parent company – a move that has surprised some analysts and caused the cement producer to plunge the most in four years in ...

Cement major to set up third unit in West Bengal

Ambuja Cement, the Indian subsidiary of Holcim, has expressed an interest in setting up a third unit in Bengal, according to a report in the Times of India. The company already ...

Holcim adopts Trimble technology for logistics optimisation

Holcim Services (South Asia) Limited, a unit of Holcim Group (Switzerland), announced that it will deploy the Trimble Trako Fleet Management and Visual Cargo solutions for the o...

Holcim reduces stake in Siam City Cement, sells minority shareholding in Cementos Progreso

Holcim has announced that it has reduced its stake in Siam City Cement Ltd (SCCC) of Thailand and has sold its minority shareholding in Guatemalan producer Cementos Progreso, co...