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StatementHolcim representative resigns as Vice President of Cembureau
January 29, 2010
| | Benoît-Henri Koch, Member of the Holcim Executive Committee, has tendered his resignation as Vice President of Cembureau and President of its Steering Committee. Cembureau is the representative organization of the cement industry in Europe. | |
Holcim supports ICRC field activities
January 28, 2010
| | The president of the International Committee of the Red Cross (ICRC), Jakob Kellenberger, and the CEO of Holcim Ltd, Markus Akermann, today signed a long-term agreement during the World Economic Forum meetings in Davos, Switzerland. As a new member of the ICRC Corporate Support Group, Holcim will fund humanitarian projects as part of its commitment to sustainable development. | |
Changes at Area Management level at Holcim Ltd
December 16, 2009
| | Bill Bolsover will retire from his position as Area Manager and member of the senior management of Holcim Ltd at the end of March 2010. In 2006, he was appointed CEO of Aggregate Industries Ltd with activities in the UK and the US. At Holcim Group level, he was also in charge of the corporate function Aggregates & Construction Materials Services. The Executive Committee would like to thank Bill Bolsover for his valuable contribution to the Group. In 2010, Bill Bolsover will be elected Chairman of the Board of Directors of Aggregate Industries UK and will remain member of the Board of Directors of Aggregate Industries US.
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Media Release Third Quarter 2009
November 11, 2009
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- Holcim reacted quickly and decisively to the macroeconomic environment:
- In markets with weak demand, capacity in all segments was shut down; approximately 10 million tonnes in the cement segment
- Fixed costs were reduced by CHF 573 million from January to September
- Net income like-for-like increased by 13.7 percent in the third quarter despite lower sales volumes
- Operating EBITDA margin increased to 25.8 percent in the third quarter
- Cash flow from operating activities significantly increased and free cash flow doubled
- The strategic expansion program with a focus on emerging markets continues as planned
- Acquisition in Australia strengthens Holcim in an attractive market
- The Group will start the new financial year from a strong position and grow again
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Acquisition of Cemex Australia successfully completed
October 01, 2009
| | After completion of the due diligence and the approval of the Australian authorities, Holcim has successfully completed the acquisition of Cemex Australia as per October 1, 2009. The new Group company, which now trades under the name Holcim (Australia) Pty Ltd, is being fully consolidated as of that date. It continues to operate under the leadership of its proven management team. | |
Changes within the Executive Committee and Senior Management of Holcim Ltd
September 29, 2009
| | Ian Thackwray, currently CEO of Holcim Philippines, has been appointed a Member of the Executive Committee by the Board of Directors of Holcim Ltd. He will join the Execu-tive Committee at the beginning of 2010 and commence to make himself familiar with the regional responsibility of Executive Committee Member Tom Clough. With effect from July 1, 2010, he will succeed Tom Clough, who will be retiring. The area of responsibility spans the companies in East Asia, including China, the Philippines and Oceania and South and East Africa. | |
Statement Holcim confirms searches by antitrust authorities in Spain
September 22, 2009
| | The antitrust authorities are conducting an investigation of the cement sector in Spain. They are also searching offices of Holcim Spain and Holcim Trading. Both Group companies fully cooperate with the authorities in the searches. | |
Media Release Half-Year 2009
August 20, 2009
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- Due to its strong presence in growth markets, Holcim performed well in a difficult economic environment and significantly increased its cash flow
- Robust organic growth in Asia Pacific, Latin America and Africa Middle East in the second quarter
- At 24.8 percent in the second quarter, operating EBITDA margin exceeds previous year’s 23.8 percent
- Strong balance sheet and sound liquidity
- Based on the successful cost management, the target for fixed costs reduction in 2009 has been increased from CHF 375 million to CHF 600 million
- Asia will continue to grow and Latin America and Africa Middle East are also likely to follow favorable trends; in Europe and North America, the stimulus programs will have a positive impact on demand building up gradually over the next year
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Proposed compensation with respect to nationalization of Holcim Venezuela not acceptable
July 31, 2009
| | In connection to the nationalization of Holcim Venezuela, Holcim has to date not received a compensation offer from the Republic of Venezuela that is acceptable from a legal or financial standpoint. | |
In connection with the nationalization in Venezuela, Holcim is selling shareholdings in Panama and the Caribbean to joint venture partner Argos
July 31, 2009
| | As a consequence of the nationalization of Holcim Venezuela, the long-term economics
of supplying Holcim produced clinker and cement to the grinding stations and terminals
in Panama and the Caribbean is no longer viable.
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