Cement News tagged under: Switzerland
Holcim proposes Michael H McGarry as independent Board of Directors member01 March 2024, Published under Cement NewsHolcim proposes Michael H McGarry, formerly chairman and CEO of PPG Industries, a leading global specialty coatings company, for election to its Board of Directors. The election will take place at Holcim’s Annual General Meeting on 8 May 2024. All other members are standing for re-election. Jan Jenisch is proposed for re-election as chairman of the Board. With the proposed nomination, the Holcim Board will comprise 10 members, nine of whom are independent according to the Swiss Code of... |
Holcim posts record results in 202328 February 2024, Published under Cement NewsHolcim has posted record results in 2023 with full-year net sales of CHF27,009m (US$30,662m), compared to CHF29,189m in the previous year. Recurring EBIT over the same period advanced from CHF4752m to CHF4760m, while operating profit improved from CHF3221m to CHF4577m. Earnings per share declined from CHF5.48 in 2022 to CHF5.37 a year later. According to the company, the record results were driven by positive price over cost in cement, aggregates and ready-mix. Commenting on the result... |
Holcim expands Solutions & Products business08 February 2024, Published under Cement NewsHolcim has acquired ZinCo, a leader in advanced green roofing systems based in Germany with global operations across Europe, Asia and the Americas. The deal forms part of Holcim's efforts to advance its Solutions & Products business to 30 per cent of group net sales by 2025, entering the most attractive segments of construction, from roofing systems to insulation and renovation. According to Holcim, with its integrated green and solar roofing systems, ZinCo is expanding Holcim’s specifi... |
Holcim names Miljan Gutovic as new CEO29 January 2024, Published under Cement NewsHolcim ’s has appointed Miljan Gutovic as chief executive officer (CEO), effective from 1 May 2024. He will succeed the current CEO Jan Jenisch, who will focus on his role as chairman and will stand for re-election at the AGM in May. Mr Gutovic, an Australian national, has been a member of the group executive committee since 2018. He served as head of the region Middle East and Africa, followed by the region Europe and operational excellence. Under his leadership, Holcim strengthened it... |
Holcim to list North America business in the US29 January 2024, Published under Cement NewsHolcim has announced its intention to list its North American business in the US with a full capital market separation. According to the company, this process will create the leading pure-play building solutions company in the region. The newly-listed business will be committed to driving long-term growth in the rapidly expanding North American market and unlocking value for all its stakeholders. Following the US listing of North America, Holcim is expected to remain included in the Sw... |
Holcim US collaborates on membrane CC technology26 January 2024, Published under Cement NewsHolcim US, Ohio State University and GTI Energy are joining forces to design, build and test a cost-effective membrane carbon capture technology, funded in part by the US Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) with cost share contributions from Holcim. Groundbreaking membrane technology from Ohio State will be employed in the project, targeting the capture of 95-99 per cent of CO 2 from cement kiln gas with a purity exceeding 95 per cent and lower ener... |
Holcim orders 1000 Mercedes-Benz battery-powered trucks26 January 2024, Published under Cement NewsHolcim will deploy a total of 1000 units of Mercedes-Benz Trucks’ new eActros 600 battery-powered electric truck, which premiered in October 2023, to its European fleet. This enlargement of its electric truck fleet will contribute to Holcim’s 2030 goal of reducing by 24 per cent its scope 3 downstream transportation emissions per tonne of material transported versus a 2020 baseline. Holcim aims for 30 per cent of its heavy-duty truck purchases or contracts to be zero-emission by 2030. Kar... |
Holcim's ECOCycle® recognised by World Economic Forum16 January 2024, Published under Cement NewsHolcim ’s ECOCycle ® circular technology has been named a “Circularity Lighthouse in the Built Environment”, in a joint initiative between McKinsey & Company and the World Economic Forum announced at this year’s annual meeting in Davos. The Circularity Lighthouse designation recognises pioneering solutions that demonstrate a novel, distinctive circularity approach, proven and substantial impact and value, with significant scale and maturity. Circularity in the built environment has the pot... |
Holcim completes three European acquistions15 January 2024, Published under Cement NewsHolcim has completed three bolt-on acquisitions in Europe, expanding its Solutions & Products portfolio for green growth. In Spain it has acquired a majority stake in Artepref SA, a fast-growing leader in innovative precast concrete solutions. In Greece Holcim has bought WATT Recycling, a leading waste management company that produces alternative fuels. Meanwhile, in the UK Holcim has entered the advanced mortar solutions market through its acquisition of Eco-Readymix Ltd. According to... |
Swiss cement market contracts 10% in 202311 January 2024, Published under Cement NewsCement deliveries in Switzerland, including Liechtenstein, fell by 10 per cent to 875,146t in the 4Q23 from 971,994t in the equivalent period of the previous year, reports cemsuisse, the Swiss cement association. The final quarter of 2023 closed a year of uncertainty for the Swiss construction industry, which found planning construction projects challenging in view of unstable interest and inflation rates. In addition, the supply chains for energy and internationally-sourced materials remain... |