Cement News tagged under: Holcim
Holcim closes Brazilian deal07 September 2022, Published under Cement NewsHolcim 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 from Brazilian authorities. This transaction includes Holcim’s five integrated cement plants, four grinding stations, six aggregates sites and 19 ready-mix concrete facilities. Latin America remains a core strategic growth region for Holcim, according to the group. In the first half of 2022 Holcim completed a new ceme... |
Swiss decarbonisation report claims high cost for industry to reach net zero01 September 2022, Published under Cement NewsA collaborative decarbonisation report on the Swiss cement sector between ETH Zürich, Jura Cement , Vigier Holding , Holcim , cemsuisse, Swiss Federal Office of Energy and the Federal Office for the Environment has advised that net zero can be achieved by 2050 at a CO 2 abatement cost of CHF113/tCO 2 (US$115/tCO 2 ). This would lead to a mothballed annual decarbonisation cost of approximately CHF300m (US$307m) for the Swiss cement sector. The report claims that abatement costs rise wit... |
Increasing scope 3 emission reduction investments26 August 2022, Published under Cement NewsThis 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 companies look to meet lower emission targets by 2030. Replacing conventional diesel and petrol vehicles with EV, gas or hydrogen technology is a simple way of reducing scope 3 emissions. The cement sector emits most of its CO 2 directly in scope 1 emissions from the cement stack from pyroprocessing and scope 2 indir... |
Holcim joins water coalitions25 August 2022, Published under Cement NewsHolcim 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 around the world. As a member of the Water Resilience Coalition, Holcim will ensure its water-positive impact methodology aligns with the Coalition’s Net Positive Water Impact concept, then share its methodology for use by other companies. Through these two memberships, Holcim will leverage the rigorous, science-based ap... |
CCI approves Adani acquisition of Ambuja and ACC stakes16 August 2022, Published under Cement NewsThe 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, which was initially entered into by Adani in May this year, will propel the group to become India’s second-largest cement producer. Holcim currently holds a 63.11 per cent share in Ambuja Cements and a 4.48 per cent share in ACC. Furthermore, Ambuja holds a 50.05 per cent stake in ACC. The acquisition will b... |
Holcim US acquires Basic Construction Company LLC10 August 2022, Published under Cement NewsHolcim 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 strategically located aggregate reserves for Holcim’s Mid-Atlantic region, in line with its goal to fuel growth through bolt-on acquisitions in mature markets in the aggregates sector. “We’re excited to add this 230-acre strategic reserve, which will support our continued expansion in the Virginia market and begin a strong ... |
Holcim acquires SES insulation and roofing business02 August 2022, Published under Cement NewsHolcim 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. SES has a track record of double-digit growth, with advanced energy-efficiency and bio-based solutions for new and green retrofitting projects. Jamie Gentoso, global head Solutions & Products: “I warmly welcome all SES employees into the Holcim family. With SES’ leadership in thermal insulation, we are expanding our... |
Holcim’s Russian assets raided29 July 2022, Published under Cement NewsHolcim 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 Service to change the structure of the legal entities owned by Holcim. In March, Holcim announced it would leave the Russian market following Russia’s invasion of Ukraine. Now, following the decision of the Leninsky district court of the Chechen capital Grozny, the benefactors of its Russian divisions have reportedly cha... |
Holcim reports on record results in 1H2227 July 2022, Published under Cement NewsHolcim has reported record sales on CHF14,681m (US$15,273m) in the first half of 2022, marking a 16.9 per cent increase YoY, driven by sales growth in all segments. Net sales in the second quarter alone were up 13.6 per cent YoY to CHF8240m. Record recurring EBIT was also seen in the 1H22, coming in at CHF2173m, up 9,6 per cent YoY. This was attributed to a robust improvement in profitability in the company's Solutions & Products segment and strong recurring EBIT margin expansion in North ... |
Holcim secures EU investment in CCUS projects19 July 2022, Published under Cement NewsHolcim has secured investment from the European Union Innovation Fund in its carbon capture, utlisation and storage (CCUS) projects in Germany and Poland. The funding will support Carbon2Business, part of the Westküste 100 project in Germany, where carbon is captured from the Lägerdorf cement plant before being converted into synthetic fuel. The EU is also investing in Holcim's Go4ECOPlanet project in Poland, which aims to capture CO 2 from Holcim 's site in Kujawy before storing it of... |