Displaying items by tag: Holcim

Canada: Lafarge Canada, part of Holcim, has contributed US$100,000 to a conservation effort undertaken in the sensitive Great Lakes region as a partner with the Nature Conservancy of Canada (NCC). In the future Lafarge Canada will provide additional support to enhance the conserved land's biodiversity and educational value.

At US$16m, the NCC's Manitoulin Island acquisition is one of its largest-ever in Ontario. Covering 7608 hectares, the Vidal Bay Forests and Shoreline property connects with adjacent conservation lands to form a protected area of more than 248km² of forests, wetlands and shoreline, the largest of its kind south of the Canadian Shield in Ontario. Lafarge has a nearby 1640 hectare quarry in Meldrum Bay with two nearby international shipping terminals that service Ontario and the US.

UK: Holcim has sold its cement business in Northern Ireland to Cookstown Cement for Euro67m. The latter is a newly formed local construction company established by a longstanding business partner of Holcim. It will take control of Holcim’s integrated 0.45Mt/yr Cookstown cement plant.

Miljan Gutovic, Region Head EMEA at Holcim, said, “This divestment advances our ‘Strategy 2025 – Accelerating Green Growth’ with a focus on consolidating our leadership in core markets to become the global leader in innovative and sustainable building solutions. With Cookstown Cement, we are pleased to have found a strategic and trusted owner for the business, better positioned to continue investing in its long term growth. We are delighted about Cookstown Cement’s vision, offering a solid platform for the team to continue to thrive.”

India: UltraTech Cement has entered into a share purchase agreement to acquire 100% ownership of National Limestone Company for US$3.09m. National Limestone Company’s parent company Ghadiya Group bought it from Holcim subsidiary ACC for US$2.5m in November 2020.

Switzerland: Holcim has partnered with Bloomberg Media to launch the Circular Cities Barometer, an exploration of best circular economy practices from cities around the world. The platform aims to improve understandings of how to empower cities to become more circular. The partners will publish the Circular Cities Barometer’s first findings at the Bloomberg Green Summit in April 2022.

CEO Jan Jenisch said “Circularity is the opportunity of our time. It unlocks economic growth in a way that is climate-friendly, nature-positive and socially inclusive. My vision for construction is to build more new from the old with recycled materials in every new building.”

Switzerland: Holcim has successfully issued two sustainability-linked bonds worth US$355m and US$109m in the Swiss market. The group says that the issuances are another way in which it keeps climate action at the heart of its financing strategy. It brings the total sum raised by Holcim through sustainable financing agreements to US$7.33bn. Investors will be entitled to a higher coupon if the company does not achieve its climate objective.

Chief finance officer (CFO) Géraldine Picaud said “We are proud to be the first company to launch a sustainability-linked bond on the Swiss franc market. The bond attracted new environmental and social governance investors, demonstrating their confidence in Holcim’s financial strength, strategy and ability to deliver our sustainability targets.”

France: Lafarge France has commissioned its Martres cement plant’s new kiln line. China-based Sinoma Construction carried out the work on the plant in Occitanie Region. The supplier said that the new kiln will use 85% alternative fuel (AF), which will cut 163,000t/yr (28%) of its CO₂ emissions. This will reduce its clinker’s carbon footprint by 240kg/t.

Uganda: Preliminary findings into a fire at Hima Cement’s integrated plant at Kasese that took place on 16 January 2022 have revealed lapses in health and safety rules. Three people were reported killed in the blaze and a further eight others were injured, according to the Daily Monitor newspaper. Following an inspection of the site, Flavia Bwire, the executive secretary of the National Building Review Board (NBRB), said there were inadequate entry and exit points for the staff to evacuate the building. The NBRB will make recommendations to the relevant authorities when it has concluded its investigation. Hima Cement, a subsidiary of Switzerland-based Holcim, said that staff were conducting installation work at a light diesel oil tank when the incident happened. Production at the plant is yet to restart.

Zimbabwe: Lafarge Zimbabwe has concluded its assessment of the collapse of its Manresa grinding plant’s roof, which occured in October 2021. The company warned investors that continued disruptions to cement production and the cost of repairs will have a negative impact on its 2022 first-quarter results. It added that normal operations would resume ‘as soon as possible.’

Belgium: Holcim has completed its acquisition of speciality building products company PTB-Compaktuna. The group said that the acquisition further expands its service-led offering in the repair and refurbishment market.

CEO Jan Jenisch said “I am excited to add PTB-Compaktuna to the Holcim family as another step in the expansion of solutions and products, advancing our Strategy 2025 – Accelerating Green Growth. This addition strengthens our presence in Europe in key markets like repair and refurbishment. Building on the entrepreneurial vision and legacy of the Smessaert family, I look forward to investing in this business’ next era of growth and warmly welcoming their employees into the Holcim family.”

US: LafargeHolcim US has announced the successful transition of two further plants to Portland limestone cement production. The company’s 4.5Mt/yr Ste. Genevieve, Missouri, cement plant and 2.4Mt/yr Alpena, Michigan, plant have begun exclusively producing its OneCem reduced-CO2 Portland limestone cement (PLC).

LafargeHolcim US’ manufacturing North vice president Michael Nixon said "LafargeHolcim is fully engaged in making carbon reduction an urgent priority and 100% dedicated to leading the market transformation needed for climate stability." He added "To achieve net-zero commitments by midcentury, we must start now in accelerating the adoption of low-carbon building solutions to mitigate the impacts of climate change."

LafargeHolcim US successfully transitioned its Midlothian, Texas, cement plant to PLC production in 2021.