Tag Archives: holcim

Holcim Moves Forward with North American Spin-Off and Announces Designated Board Members

(IN BRIEF) Holcim has announced its next steps in preparing for the spin-off of its North American business, including the designation of the new Board of Directors. The 10-member Board will become official following shareholder and regulatory approvals, expected by … Read the full press release

Holcim Announces Plans for Full Capital Market Separation of North American Business

(IN BRIEF) Holcim plans to fully separate its North American business through a 100% spin-off, listing it on the New York Stock Exchange and reporting under US GAAP, with an additional listing on the SIX Swiss Exchange for European investors. … Read the full press release

Holcim to Divest Majority Stake in Lafarge Africa PLC to Huaxin Cement Ltd

(IN BRIEF) Holcim has agreed to sell its 83.81% stake in Lafarge Africa PLC to Huaxin Cement Ltd for an equity value of USD 1 billion. The transaction, aimed at streamlining Holcim’s portfolio, is expected to close in 2025, pending … Read the full press release

Holcim Expands Global AI Integration Across 100+ Plants to Enhance Operational Efficiency

(IN BRIEF) Holcim is accelerating its adoption of Artificial Intelligence (AI) across its global manufacturing network, with plans to implement AI at over 100 plants worldwide by 2028. Already operational at 45 sites to predict and prevent failures, Holcim aims … Read the full press release

Holcim Acquires Cand-Landi Group to Enhance Decarbonization and Circular Construction in Switzerland

(IN BRIEF) Holcim has acquired the Cand-Landi Group, a Swiss company known for its recycling, waste management, aggregates, and ready-mix operations, to boost decarbonization and circular construction efforts. With CHF 70 million in net sales and 250 employees, Cand-Landi will … Read the full press release

Circular Construction Advancements: Holcim Acquires Land Recovery in the UK

(IN BRIEF) Holcim, a global leader in sustainable construction materials, recently acquired Land Recovery, a UK-based supplier specializing in recycled construction materials, as part of its commitment to circular construction practices. This strategic move aligns with Holcim’s goal to recycle … Read the full press release

Holcim Reports Robust Q1 Performance with Over-Proportional Growth and Strategic Expansion

(IN BRIEF) Holcim, a global leader in building solutions, announced its first-quarter 2024 results, showcasing strong growth and strategic expansion. Despite challenges, the company reported a net sales increase of 3.4% in local currency, with recurring EBIT growth of 17.1%. … Read the full press release

Carbon-Neutral Cement: Groundbreaking for Innovative Plant in Lägerdorf

(IN BRIEF) A groundbreaking ceremony in Lägerdorf, Schleswig-Holstein, marked the official start of construction for one of the world’s first carbon-neutral cement plants. Notable attendees included Dr. Robert Habeck, Vice Chancellor and Federal Minister for Economic Affairs and Climate Protection, … Read the full press release

Holcim Prepares for 2024 AGM: Dividend Increase and Board Nominations

(IN BRIEF) Holcim has announced the agenda for its 2024 Annual General Meeting (AGM), scheduled for May 8th at Bossard Arena in Zug, Switzerland. The Board of Directors proposes a dividend increase of 12% to CHF 2.80 per registered share … Read the full press release

Holcim Strengthens Latin American Presence with Tensolite Acquisition

(IN BRIEF) Holcim has announced the signing of an agreement to acquire Tensolite, a prominent manufacturer of precast and pre-stressed concrete construction systems with a strong foothold in fast-growing Latin American markets. Tensolite’s $22 million net sales in 2023 and … Read the full press release

Holcim Initiates CHF 1 Billion Share Buyback Program

(IN BRIEF) Holcim is set to commence its share buyback program on March 18, 2024, allocating a total of CHF 1 billion until the end of 2024, subject to share cancellation approval at the 2025 Annual General Meeting. Funded from … Read the full press release

Austrian Industry Giants Spearhead Carbon-Based Value Chain Transformation

(IN BRIEF) Austrian companies Holcim, Verbund, OMV, and Borealis have wrapped up the C2PAT demonstration plant project, aiming to produce carbon-based products from unavoidable CO2 emissions. Instead of a joint pilot plant, each company plans to develop industrially upscaled plants … Read the full press release

Holcim Nominates Michael H. McGarry, Former PPG Industries Chairman and CEO, for Board of Directors

(IN BRIEF) Holcim has proposed the election of Michael H. McGarry, former Chairman and Chief Executive of PPG Industries, to its Board of Directors at the upcoming Annual General Meeting in May 2024. With a background in global business leadership … Read the full press release

Holcim Surpasses Expectations with Record-Breaking 2023 Results, Achieving Strategy 2025 Milestones Ahead of Schedule

(IN BRIEF) Holcim, a global leader in building materials, has reported stellar financial results for the full year of 2023, with net sales reaching CHF 27.009 billion and recurring EBIT hitting CHF 4.76 billion. These figures represent an organic growth … Read the full press release

Holcim Appoints Miljan Gutovic as New CEO, Jan Jenisch to Focus on Chairman Role and US Listing

(IN BRIEF) Holcim’s Board of Directors has named Miljan Gutovic as the new Chief Executive Officer (CEO), effective from May 1, 2024, succeeding the current CEO Jan Jenisch, who will concentrate on his role as chairman and lead the planned … Read the full press release

Holcim Announces Intent to List North American Business, Creating Leading Building Solutions Company

(IN BRIEF) Holcim plans to list its North American business in the US, creating a leading pure-play building solutions company. The listed business aims to focus on long-term growth in the North American market and unlock value for stakeholders. Jan … Read the full press release

Holcim’s “Carbon2Business” Receives Recognition and Awards for Groundbreaking Carbon Capture Project at COP28

(IN BRIEF) Holcim, the global building materials company, has been honored with two prestigious awards at COP28 in Dubai for its innovative “Carbon2Business” project in Lägerdorf, Germany. The first accolade names Holcim as an “Energy Transition Changemaker,” recognizing the project’s … Read the full press release

Holcim Forms Strategic Partnership with IUCN to Boost Biodiversity and Water Initiatives

(IN BRIEF) Holcim, a global leader in sustainable building solutions, has partnered with the International Union for the Conservation of Nature (IUCN) to enhance its nature strategy. The collaboration focuses on measurable biodiversity and water targets, with IUCN validating Holcim’s … Read the full press release

Holcim’s Bold European Decarbonization Roadmap Aims for Profitable Growth

(IN BRIEF) Holcim has revealed an ambitious decarbonization roadmap for Europe, as part of its strategy to achieve profitable growth while reducing its carbon footprint. At an investor day event in Switzerland, the company outlined its targets, including surpassing CHF … Read the full press release

Lyon’s Holcim Innovation Hub: A Catalyst for Green Building Innovations

(IN BRIEF) Holcim has inaugurated its Innovation Hub in Lyon, France, designed to showcase sustainable building solutions and foster collaboration in the pursuit of low-carbon, circular, and energy-efficient construction methods. The multi-story Hub accommodates start-ups, think tanks, and experts, serving … Read the full press release