Holcim Ltd - HCMLY STOCK NEWS

On October 3, 2022, TotalEnergies (Paris:TTE) and Holcim signed a Memorandum of Understanding to jointly decarbonize Holcim's cement production facility in Obourg, Belgium. This partnership will assess technologies for capturing and utilizing approximately 1.3 million metric tons of CO₂ emissions annually. Key initiatives include an innovative air-oxyfuel kiln and green hydrogen production for e-fuels. Both companies aim to set new standards in sustainable industry practices and contribute to Europe's decarbonization efforts.

Solidia Technologies has appointed David Smith as senior technical director to enhance its decarbonizing technology for construction materials. With over 29 years at the Interlocking Concrete Pavement Institute, Smith aims to improve performance and sustainability in concrete systems. He expressed enthusiasm for contributing to Solidia's mission of reducing environmental impact. CEO Russell Hill highlighted Smith's expertise as vital for advancing sustainable innovations.

Solidia Technologies has appointed Brian Below as the new Chief Operating Officer. Below brings over 20 years of experience in building and scaling commercial products, previously serving as CEO at Fabral and holding leadership positions at Boral North America. He aims to enhance Solidia's momentum towards commercial success by leveraging its innovative technologies for sustainable building solutions. CEO Russell Hill expressed confidence in Below's ability to drive performance and innovation in the market.

Holcim US has launched DYNAMax, a high-performance concrete aimed at enhancing job-site optimization in demanding construction projects. Available in Denver, Colorado Springs, and the Twin Cities, DYNAMax features superior strength and durability, supporting modern design trends while conserving resources. It integrates seamlessly with Holcim's iCONCrete technology, improving performance in complex builds. This innovation aligns with Holcim's commitment to sustainability and has already been selected for a major condo project in Denver.

Hyliion Holdings Corp. (NYSE: HYLN) reported its Q2 2022 results, revealing a surge in order backlog to 200 Hypertruck ERX production slots and nearly 2,000 reservations. The company completed its first freight delivery with Hypertruck ERX, generating $0.2 million in revenue. Hyliion confirmed its product qualifies for a 30% tax incentive under the Inflation Reduction Act. The company expects full-year revenue between $2.0 million and $3.0 million and has lowered its operating expenses guidance to $130–$140 million. Hyliion ended the quarter with over $500 million in capital.

Lafarge Canada, a member of Holcim Group, has opened its first four Electric Vehicle Charging Stations at its Kent Ave Ready Mix Concrete Plant in Vancouver, British Columbia. This project, initiated in March 2022, received funding of $50,000 from Lafarge Canada and an additional $20,000 from the CleanBC Go Electric Vehicle charger rebate program. The stations are part of a plan to install 100 charging stations across Western Canada as Lafarge transitions its light-duty vehicle fleet to electric vehicles by 2025, aiming to eliminate 188 tons of CO2 emissions over five years.

OvareGroup has announced a significant investment in Togetherwith, marking the launch of Togetherwith USA, which includes a new 15,000-square-foot production studio in Louisville. This investment enables Togetherwith USA to leverage OvareGroup's extensive office network across major North American cities while integrating its capabilities into OvareGroup’s marketing services portfolio. Togetherwith, formerly FCB Buenos Aires, has a strong client roster including Stellantis, Holcim, and Coca-Cola. Financial details of the investment remain undisclosed.

Holcim reported record H1 net sales of CHF 14,681m, a growth of 16.9% year-over-year. Recurring EBIT reached CHF 2,173m (+9.6%), and EPS soared to CHF 1.90 (+39.7%). The company upgraded its net sales growth guidance for FY2022 to at least 10% LFL, driven by strong performance in roofing and insulation segments, with pro-forma net sales projected at CHF 3.5 billion. Holcim's credit ratings received upgrades to BBB+ and Baa1. However, free cash flow fell to CHF 275 million, down 66.2% compared to the previous year.

Lafarge Canada is co-funding a low-carbon concrete design research project at Queen’s University. This initiative aims to achieve sustainability goals through innovative design techniques, including shape optimization and functionally graded concrete, which reduces material use and lowers embodied carbon. The project will be conducted primarily in Queen’s Civil Engineering labs and applied in the Kingston Fire and Rescue Training Centre. Lafarge, a member of Holcim, is committed to sustainable construction solutions.