Holcim released its financial results for fourth-quarter and full-year 2023. In the fourth quarter, recurring EBIT rose 17.9% organically compared to the prior-year period to reach a record CHF 1,117 million. Fourth-quarter net sales of CHF 6,602 million rose 5.5% on an organic basis versus the fourth quarter of 2022.
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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 MoreHolcim Touts Record North American Sales for First Nine Months
Holcim reported that profitable growth continued in the third quarter 2023 despite economic headwinds. Net sales were CHF 7,340 million, up 4.3% organically compared to the prior-year period. Net sales over the first nine months of 2023 were CHF 20,407 million, or 6.2% higher organically than in the prior-year period. In the first nine months, North America delivered record net…
Read MoreTurner Mining Group Awarded Contract for South Carolina Operation
Turner Mining Group recently broke ground on a new three-year mine services contract in South Carolina. The awarding of this multi-year project expands Turner’s footprint in the Southeast United States while deepening its partnership with Holcim, a global leader in innovative and sustainable building materials.
Read MorePermitting Update: Massachusetts
The Select Board voted to extend the excavating company Holcim Inc.’s earth-removal permit by six months Wednesday night, while the town and the company work to resolve Holcim’s pending litigation against the Town of Swampscott. Since the Select Board initially voted to approve a three-month permit extension on June 26 to give both parties time to resolve the lawsuit, Select…
Read MoreThe Agency’s Silica Proposal Sets Off Industry Alarm Bells.
The U.S. Department of Labor (DOL) announced a proposal by its Mine Safety and Health Administration (MSHA) to amend current federal standards to “better protect the nation’s miners from health hazards related to exposure to respirable crystalline silica, or silica dust.” The proposed rule change will ensure miners have at least the same level of protections as workers in other…
Read MoreMSHA Reports 25th Fatality of 2023
MSHA reported that on July 17, a miner at Holcim’s Swampscott Quarry, Essex County, Mass., died while performing repairs on a gyratory crusher. When a component was being suspended by a crane, a lifting eye welded to the component broke free striking the miner.
Read MoreHolcim Positioned for ‘Profitable Growth’ in North America
Holcim is reporting 7.4% organic net sales growth in the first half of 2023, 13.4% organic recurring EBIT growth, along with reduction of CO2 per net sales by 18%.
Read MoreHolcim Now Part of Venture Capital Fund
Holcim is now a limited partner in Suffolk Technologies’ $110 million venture capital fund that supports construction technology startups. With its unique position across the building value chain, Holcim will bring its advanced market knowledge to Suffolk investments to ensure best alignment with high growth market needs. As part of the fund, Holcim said it is committed to supporting the…
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