Cement News tagged under: Holcim
Holcim’s Martes-Tolosane plant increases waste treatment facility16 June 2022, Published under Cement NewsHolcim's Martes-Tolosane plant in France has doubled its waste treatment capacity with the recent modernisation of the kiln with the help of Geocycle. The enhanced capacity will allow the plant to recycle 100,000t of waste (versus an earlier capacity of 40,000t) from 2022. The recycling of the waste, mainly solid recovered fuels (SRF), will not only reduce the reliance on natural resources but also reduce the plant's carbon footprint and help divert significant volumes of non-recy... |
Lafarge Zimbabwe sells majority stake in its operations08 June 2022, Published under Cement NewsLafarge Zimbabwe is selling 76.45 per cent of its business to Fossil Mines Pvt Ltd. The Holcim group member announced on Monday that it was selling the majority stake in its business. This is a further sale for Holcim following recent divestments decisions taken in India for ACC Ltd and Ambuja Cements. The Manresa cement plant has a cement capacity of 0.45Mta and employees 800 people directly. There is currently a 0.5Mta expansion project being constructed at the plant. |
Holcim orders 10 Hyliion Hypertrucks27 May 2022, Published under Cement NewsHolcim US announced it is working with Hyliion Holdings to leverage the company's innovative electrified powertrain truck platform to reduce dependence on fossil fuels and accelerate its commitment to put sustainability at the core of its overall strategy. Each Hyliion electric vehicle is estimated to reduce well-to-wheel greenhouse gas emissions by roughly 89 per cent when using renewable natural gas (RNG). "This agreement with Hyliion underscores the direction Holcim is tak... |
Holcim adds ready-mix company to its US portfolio25 May 2022, Published under Cement NewsHolcim has acquired Cajun Ready Mix Concrete, the largest in its sector in the Baton Rouge metropolitan area, Louisiana, USA. The transaction will integrate Cajun's expertise along with its eight ready-mix concrete plants, 108 employees and 51 mixer trucks. Region Head North America, Toufic Tabbara, said: “This acquisition expands our footprint in the dynamic Baton Rouge market, confirming our focus on growth in North America. Cajun’s commitment to innovation, service and quality, along... |
What to make of Holcim's Indian exit?20 May 2022, Published under Cement NewsHolcim Group agreed to sell its Indian cement businesses this week for US$10.5bn in cash to the Adani Group. ICR reports on the deal and what this means for the Indian cement sector and Holcim going forward. The Adani Group is a coal, power, ports and renewable energy conglomerate that had only a small footprint (Adani Enterprises Ltd) in the cement sector before its interest in Holcim companies, ACC Ltd and Ambuja Cements. The latest acquisition will make Adani the second-largest player ... |
Cement giants in the running for Sika admixture business20 May 2022, Published under Cement NewsHolcim and HeidelbergCement are reportedly among the companies competing for Sika AG’s US admixtures business, which is believed to be valued at US$800m-1bn. Sika is selling off the asset to satisfy regulatory approval following its US$5.6bn purchase of German-based MBCC Group, formerly BASF Construction Chemicals, from an affiliate of Lone Star Funds in November 2021. According to Bloomberg, Turkish conglomerate Haci Omer Sabanci Holding AS is also interested in the Sika business, having pl... |
Lafarge to face charges for paying Islamic state in Syria20 May 2022, Published under Cement NewsA French appeals court has confirmed that the cement giant Lafarge must face charges of complicity in crimes against humanity over alleged payoffs to Islamic State group and other jihadist groups during Syria's civil war, reports France 24. Lafarge, now part of Holcim group , has acknowledged that it paid nearly EUR13m (US$13.7m) to middlemen to keep its Syrian cement factory operating in 2013-14, long after other French firms had pulled out of the country. The company contends that i... |
Multiple potential buyers for Holcim Russia17 May 2022, Published under Cement NewsMore than 30 potential buyers have expressed an interest in Holcim’s Russia business, according to Jan Jenisch, CEO, Holcim. Holcim announced in March that it plans to exit the Russia market following the country’s invasion of Ukraine. “The process has started, it has to be done with very great diligence. We have had many inquiries,” Mr Jenisch told Reuters. “We don't expect to write it off completely, I would hope this business has a value. You have to give us a couple of months t... |
Lafarge Egypt and Lumika sign US$93m solar power pact16 May 2022, Published under Cement NewsHolcim-owned Lafarge Egypt has signed a US$93m long-term agreement with Lumika Renewables Egypt, part of the AP Moller Egypt, to generate 140GWh of solar energy annually, according to Mist News. The two companies will establish a new 50MW power plant – the first plant owned by Lumika in Egypt. The plant will enable Lafarge to use clean energy for 50 per cent of its cement works’ energy consumption. The agreement comes into force by the first quarter of 2024. |
Holcim to acquire Izolbet of Poland16 May 2022, Published under Cement NewsHolcim has entered an agreement to acquire Izolbet, one of the leading players in the specialty building solutions market in Poland. Izolbet has delivered double-digit growth in sales and EBITDA over the last three years. The acquisition will strengthen Holcim’s footprint in the highly attractive market for renovation, thermal insulation and finishing, and will complement Holcim’s recent investment in a new production facility for dry mixes in Kraków. Miljan Gutovic, EMEA regi... |