Cemex reported 2023 results, with an 8% growth in sales to $17,416 million in 2023, and 5% to $4,243 million in the fourth quarter. This performance, coupled with the board’s confidence in the medium-term outlook and strong free cash flow generation over the last few years, allows Cemex to initiate a formal shareholder return program, subject to approval at the…
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Holcim Names Gutovic CEO
Holcim’s board of directors appointed Miljan Gutovic as chief executive officer (CEO) of Holcim, effective May 1. 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. Also, the board has tasked Jenisch to lead the planned U.S. listing of Holcim’s North America business.…
Read MoreHolcim to Spin Off North American Business by 2025
Holcim announced its intent to publicly list its North American business in the United States with a full capital market separation. This process “will create the leading pure-play building solutions company in the region,” the company stated. 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…
Read MoreABB Launches New Global Sustainability Initiative
ABB launched its new global sustainability initiative, showcasing the power of technology and expertise to accelerate sustainability while enhancing productivity. ABB’s Real Progress campaign is a rallying call to customers, partners and suppliers, inspiring them to harness technology leadership and the solutions that exist today to amplify their own impact across process industries such as mining, metals, and pulp and…
Read MoreVolvo Construction Equipment, CRH Partner for Decarbonization
With an ambition to explore decarbonization opportunities across transport, operations and materials, a Memorandum of Understanding (MoU) was signed by Volvo Group and CRH on Nov.13. As part of this strategic agreement, Volvo CE will take on responsibility for next generation technology deployment, the scaling up of cutting edge technology and operational efficiency for the off-road segment in a bid…
Read MoreHolcim US Rolls Out ECOPact Low-Carbon Concrete in Colorado
Decarbonizing the nation’s ever-expanding urban built environment to stabilize global warming and the impact of population growth is more urgent than ever. The state of Colorado is pursuing one of the nation’s most ambitious climate action plans, working toward reduced emission targets of 50% by 2030 and 90% by 2050. To help the construction industry meet these evolving standards, Holcim…
Read MoreABB Survey Tackles Energy Concerns
Research shows that businesses around the world remain concerned about the impacts of energy security and prices, which could be a catalyst for a range of environmental, social and economic ripple effects. According to ABB Electrification’s Energy Insights survey of 2,300 leaders from small and large businesses across a range of sectors, 92% of respondents feel that the continuing instability…
Read MoreHeidelberg Materials Attends White House Roundtable
Heidelberg Materials was invited by the White House to join a wide range of industrial sector executives and labor leaders for a productive roundtable conversation to discuss innovation and ways to accelerate industrial decarbonization. The roundtable took place on March 3 and centered around ways that the Administration can support both private and public investments in reducing carbon emissions while…
Read MoreHolcim Reports Continued Record Performance; Green Growth
In the third quarter 2022, Holcim delivered another quarter of record results with net sales of CHF 8,045 million, up 16.3% on a like-for-like basis (LFL) compared to the prior year, or +10.4% of absolute growth. Net sales over the first nine months of 2022 were CHF 22,725 million, or 13.9% higher LFL than the prior-year period. Recurring EBIT reached…
Read MoreSandvik Showcasing Electric Concept Rig for Surface Drilling
Sandvik Mining and Rock Solutions brought a groundbreaking electric concept drill rig for surface drilling to the Vei og Anlegg 2022 exhibition, one of Scandinavia’s largest construction trade shows, May 11–14.
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