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Tag: Holcim AG

  • Holcim grows through acquisition in Eastern Canada

    Holcim grows through acquisition in Eastern Canada

    According to a press release , Holcim has acquired Mathers ‘ quarry and asphalt operations in Saint-Eustache in the Canadian province of Quebec. With the “largest acquisition of aggregates in the region in over ten years”, Holcim will further expand its leading position in the rapidly growing region of Quebec.

    In addition, the presence in Eastern Canada allows a supplement for recycled concrete and asphalt and thus further progress in the circular economy towards a more sustainable construction industry.

    Family-run Mathers Group is a leading manufacturer of building materials in Quebec. The Carrière Saint-Eustache and Pavage Saint-Eustache businesses have been supplying crushed stone and asphalt products to the local market for more than 60 years. All of the quarries and asphalt plants of the Mathers Group and their 80 employees will be taken over by Holcim.

    Holcim AG has focused on innovative and sustainable construction solutions in building construction, civil engineering and infrastructure. The company produces concrete, gravel and cement suitable for all construction projects and recycles demolition materials into resource-saving products.

  • Holcim achieves record results

    Holcim achieves record results

    Holcim AG posted record results in the first half of 2021. The building materials manufacturer from Zug achieved an operating profit of 1.98 billion Swiss francs. That is 66 percent more than in the same period last year, according to a press release .

    Net sales of CHF 12.55 billion were also 17.4 percent, well above the previous year. Holcim had to accept major losses in the Corona crisis. “Around this time last year, I said that Holcim would emerge stronger from this crisis. These half-year results prove it ”, CEO Jan Jenisch is quoted in the media release.

    The acquisitions of seven companies by Holcim also contributed to the good result. The most recent takeover of roof and pond waterproofing system manufacturer Firestone Building Products saw a 21 percent increase in volume in demand. Due to this positive business development, the company is adjusting its expectations for adjusted operating profit in the current year to 18 percent.