Holcim reported that in the fourth quarter, recurring EBIT rose 9.9% in local currency compared to the prior-year period to reach a record CHF$1,165 million. Fourth-quarter net sales of CHF$6,473 million rose 1.6% in local currency versus the fourth quarter of 2023.
Read MoreTag: Holcim
Holcim North American Business to Become Amrize
Upon the execution of a planned spin-off, Holcim’s North American business will be named Amrize. As an independent public company, it will be North America’s leading building solutions company from foundation to rooftop.
Read MoreHolcim Appoints Board, CEO for New North American Company
Holcim took the next steps towards the planned listing of its North American business by designating its future board members. The board will comprise 10 members and will become effective following the execution of the planned spin-off, expected by the end of the first half 2025, subject to shareholder and customary approvals.
Read MorePermitting Update: Minnesota
A mining company that operates a sand and gravel mine on Lower Grey Cloud Island in Cottage Grove, Minn., wants to expand and shift operations into the Mississippi River – and mine the actual riverbed. Holcim MWR Inc., formerly Aggregate Industries, is proposing to move its mining area to mine additional aggregate reserves on about 400 acres of privately owned…
Read MoreMSHA Completes October Impact Inspections
The Mine Safety and Health Administration (MSHA) completed impact inspections in October 2024 at 15 mines in Alabama, Arkansas, Colorado, Illinois, Kentucky, Louisiana, Michigan, Missouri, Nevada, New York, Pennsylvania, West Virginia and Wyoming and issued 286 violations.
Read MoreHolcim Moves Forward
Dec. 6, 2024 – Holcim said it is progressing on the planned full capital market separation of its North American business, planned by way of a 100% spin-off to be listed on the New York Stock Exchange. The spin-off is planned as a domestic issuer under SEC rules, reporting in US GAAP and seeking inclusion in relevant U.S. equity indices.…
Read MoreHolcim Reports Record Third Quarter; On Track for U.S. Market Listing
Holcim is reporting net sales of CHF$19,933 million in the first nine months, up 1.2% on a local currency basis compared to the prior-year period. Nine-month recurring EBIT grew over-proportionally compared to net sales to a record CHF$3,884 million, with a rise of 11.1% in local currency versus the prior-year period.
Read MoreHolcim Acquires OX Engineered Products
Holcim has signed an agreement to acquire OX Engineered Products, a leading U.S. provider of advanced insulation systems for residential and commercial applications, with 2024 estimated net sales of $136 million. OX Engineered Products develops and manufactures an innovative range of insulation solutions with proprietary technologies and trusted brands. With manufacturing facilities in the Midwest and Southeast of the United…
Read MoreHolcim Announces Leadership Appointments
Holcim announced the following leadership appointments. Jaime Hill, country CEO of Mexico, was appointed region head North America effective immediately. He succeeds Toufic Tabbara, who has decided to pursue opportunities outside of Holcim. As country CEO of Mexico, Hill has consistently delivered leading profitable growth, making Mexico the second biggest contributor to Holcim’s EBIT worldwide. He joined Holcim in 1996…
Read MoreHolcim Reports First Half Results
Holcim announced results for the first half of the year (H1), reporting a net sales increase of 1.6%.
Read More