Displaying items by tag: Switzerland
Holcim publishes first-quarter results
25 April 2024Switzerland: Holcim recorded net sales of €5.71bn in the first quarter of 2024, down by 2% year-on-year from €5.85bn in the first quarter of 2023. Nonetheless, recurring earnings before interest and taxation (EBIT) grew by 8% to €543m from €503m. The group noted continuing profitable growth. Its Solutions & Products unit raised roofing sales by 67% in local currencies, including 38% organic growth. The unit also acquired Germany-based advanced green roofing systems producer ZinCo and Argentina-based precast and pre-stressed concrete construction systems producer Tensolite. Additionally, Holcim closed three separate acquisitions in the ready-mix concrete, aggregates and construction-demolition materials segments.
In North America, Holcim grew its recurring EBIT by 3.9% in local currency, and anticipates continuing growth in 2024. In its Latin America region, the group noted a strong pipeline of infrastructure projects and increased nearshoring in Mexico. Europe yielded double-digit recurring EBIT growth, while Asia, Middle East & Africa remained profitable in local currency terms.
Switzerland: The Global Cement and Concrete Association (GCCA) is holding its Innovandi Global Cement and Concrete Research Network (GCCRN) Spring Week at the École polytechnique fédérale de Lausanne (EPFL) campus on 22 – 26 April 2024. 450 delegates from over 40 academic institutions will attend the event, featuring workshops, idea exchanges and progress reviews focused on the decarbonisation of cement and concrete by 2050. Topics include the use of AI, alternative materials and processes, concrete recycling, renewables, kiln electrification and carbon capture.
GCCRN industrial chair and Cemex global research development vice president and Davide Zampini said “If we are to reach our goal of net zero concrete by 2050, then we cannot do so alone. We need to explore as well as harness solutions and collaboration well beyond our industry. That’s why Spring Week is so important.”
GCCRN scientific chair Karen Scrivener said “Everyone here at EPFL is proud to be hosting this year’s Spring Week, anticipated as our largest gathering yet, marking a significant milestone in our journey toward net zero research.”
Cement production in Switzerland falls in first quarter
10 April 2024Switzerland: Cement production fell to 786,000t in the first quarter of 2024, representing a year-on-year decrease in volume of 8%. Cemsuisse attributes this decrease to ongoing challenges in planning construction projects amidst uncertainties in interest rates, energy prices and supply chain stability.
Switzerland: Holcim has appointed Jelena Stamenkovski as Lead of Clinker Decarbonisation.
Stamenkovski has worked for Holcim Group since 2008. She originally held senior production roles at Holcim’s subsidiary in Serbia. In 2015 she took up group process roles based in Switzerland, becoming the company’s Cement Industrial Operating System Manager from 2017 to 2021. She later became the Group Process Expert - Plants of Tomorrow – Decarbonisation in 2023. Prior to working for Holcim she worked at Titan Cement’s Skopje plant in North Macedonia.
Stamenkovski holds undergraduate and master’s degrees in process engineering from Saints Cyril and Methodius University in Skopje.
Switzerland: ABB and Captimise have enhanced their collaboration, focusing on advancing cost-effective carbon capture, utilisation, and storage (CCUS) technologies in the cement industry. Under a new Memorandum of Understanding, the partnership will develop various studies, including screening, feasibility, and FEED, aiding cement producers to identify efficient carbon capture solutions across their operations. The joint effort is expected to bolster the cement industry's efforts to meet its climate and net-zero targets.
CEO of Captimise, Mattias Jones, said “We draw on a track-record of more than 25 live case studies with CO₂ emitters across Europe and the US and know we’ll be able to support operations of all sizes in cement through combined CCUS, automation and electrification technologies.”
Global Business Unit Manager at ABB Process Industries, Max Tschurtschenthaler, said “Reducing the CO₂ emissions from cement manufacturing is a major challenge and a top priority for this industry. We are on a mission to make it more cost-effective. By combining our world-class automation, electrification and digital technologies with the know-how of partners like Captimise, we can further support the cement industry in achieving their climate and net zero targets.”
Cemsuisse urges CBAM adjustment for cement industry
25 March 2024Switzerland: The decision of the Swiss government in June 2023 against the implementation of a Carbon Border Adjustment Mechanism (CBAM) has been strongly criticised by the Swiss cement association, Cemsuisse. The association warns of a potential relocation of the Swiss cement industry without such a mechanism, referencing a report by Polynomics. This report concludes that a Swiss CBAM is necessary to level the playing field with EU and non-EU cement suppliers. The EU initiated a CBAM test phase in October 2023, aiming to mitigate production relocation risks to countries with less stringent environmental regulations.
The federal government concluded that a CBAM in Switzerland would benefit few emission-intensive industries at the expense of the wider economy, while also facing regulatory and trade policy risks. It plans to reassess the need for a CBAM in mid-2026, in line with the EU's interim CBAM report.
Cemsuisse, referencing the Polynomics report, states that waiting to potentially introduce a CBAM in Switzerland is not an option. Investments in carbon capture and storage (CCS) are deemed essential for Switzerland's net-zero climate goal and without a CBAM, there is a risk of these investments being unviable due to uncertainty over cost recovery.
The report also points to the risk of increased clinker imports from third countries into the EU, which would be processed and then exported to Switzerland without CBAM levies. As an example, Cemsuisse mentions a planned milling station in Ottmarsheim, Alsace. It says that without a CBAM, the production site in Switzerland faces serious threats.
Cemsuisse said “Without CBAM, this certainty is lacking. And without CCUS, long-term production in Switzerland won't be viable. The population has accepted the climate protection law last summer, where the net-zero goal is legally anchored."
Mexico: Holcim Mexico has appointed Jorge González Mateu as its chief financial officer (CFO). He previously worked as the Head of Controlling and the Deputy CFO for Holcim Mexico. González Mateu has worked for Holcim group since 2013 with similar financial roles for Holcim Ecuador, as well as other related positions for the group in Spain and Switzerland. Prior to this he worked for Tarmac in Spain.
Holcim initiates share buyback programme
20 March 2024Switzerland: Holcim launched a share buyback programme on 18 March 2023. The programme, totalling Euro1.03bn, will run until the end of 2024. Share cancellation is scheduled for approval at the group’s annual general meeting in May 2025. Holcim plans to finance the buyback from its existing cash reserves. It says that it remains committed to retaining a strong investment grade credit rating.
Holcim acquires Cand-Landi
20 March 2024Switzerland: After 128 years as a family-operated business in Grandson, Vaud, Cand-Landi will become a subsidiary of Holcim Group. This acquisition marks an expansion for Holcim in the areas of aggregate and concrete production, as well as landfill management.
The terms of the transaction, including the financial details, have not been disclosed. However, the Cand-Landi name will be kept after the acquisition.
Switzerland/Sweden: ABB and Sweden-based Salt X have agreed to develop Electric Arc Calcination (EAC) technology, with ABB also becoming a Salt X minority shareholder. This partnership aims to decarbonise cement production and similar industries by replacing fossil fuel-based heating with renewable energy and CO2 capture during calcination. ABB will enhance the EAC with control and electrical systems, contributing to the technology's commercialisation.
Salt X CEO Carl-Johan Linér said "This strengthens us as a company and enables us to progress with our growth plans. With ABB and our other partners, we can significantly improve our capability to take a leading role in the electrification wave sweeping through the industrial sector.”
ABB's Global Growth Industries Business Line Manager Michael Marti said, "Our collaboration with Salt X marks a significant milestone in this journey. The technology benefits are two-fold; replacing the use of fossil fuels through renewable electricity in the calcination process and enabling cost efficient capture of the carbon emissions at the same time. It will be a highly effective way of curbing lime production emissions.”