Holcim Ltd - HCMLY STOCK NEWS

Lafarge Canada Inc. has entered into a Purchase Power Agreement (PPA) with TransAlta Corporation to supply 100 GWh/year of wind power to its Exshaw cement plant. This initiative, covering approximately 25% of the plant's energy needs, marks Lafarge's first renewable energy agreement in Alberta. The PPA is aligned with Lafarge's commitment to reduce carbon emissions and support its low carbon fuel project at Exshaw. With cement demand on the rise, Lafarge aims to enhance sustainability while meeting community needs.

Lafarge Canada is partnering with the Nature Conservancy of Canada (NCC) for a significant conservation project in the Great Lakes region. The initiative includes a $16-million acquisition on Manitoulin Island, supported by Lafarge's $100,000 donation. Covering 7,608 hectares, this area will be protected by NCC, enhancing biodiversity. Lafarge aims to leverage NCC's expertise in managing its extensive land assets for sustainability. This partnership aligns with Lafarge’s nature-positive strategy initiated in September 2021.

Solidia Technologies announces the appointment of Amitabha Kumar, Ph.D., as the new Senior Vice President of Research and Development. With over 30 years of experience in construction materials and decarbonization technologies, Dr. Kumar aims to drive innovation within the company. He previously led R&D efforts at Boral and developed sustainable building products. Solidia seeks to enhance its R&D team to meet growing market demands for sustainable materials. This strategic hire aligns with Solidia's commitment to advancing eco-friendly solutions in the building materials sector.

LafargeHolcim, the largest cement manufacturer in the U.S., has announced a significant transition to OneCem®, a low-carbon Portland limestone cement, at its Ste. Genevieve and Alpena plants. This shift contributes to global sustainability efforts, aiming for a reduction of approximately 300,000 metric tons of CO2 emissions annually, equivalent to removing over 70,000 cars from the roads. Last year, the company sold over 2 million tons of OneCem, leading to a CO2 reduction of 100,000 metric tons. LafargeHolcim is committed to accelerating low-carbon building solutions to mitigate climate change.

LafargeHolcim has announced the acquisition of Cowden Inc., a key player in ready-mix concrete and aggregates in Bellingham, WA. This strategic move, executed through its subsidiary Aggregate Industries, aims to enhance LafargeHolcim's presence in the growing market while expanding its range of sustainable materials. Over 100 Cowden employees will join Aggregate Industries, maintaining the Cowden brand as part of the Pacific Northwest division. LafargeHolcim operates nearly 350 sites across 43 states, employing about 7,000 people in the U.S.

Holcim has announced the acquisition of Malarkey Roofing Products for USD 1.35 billion, aimed at enhancing its presence in the US residential roofing market, projected to generate USD 600 million in net sales for 2022. This acquisition is expected to significantly contribute to achieving Holcim's goal of USD 4 billion in net sales by 2025 and increase the Solutions & Products segment to 30% of total sales. Annual synergies of USD 40 million are anticipated by year three, with EPS accretive effects starting in the first year.

Svante Inc. announced a breakthrough in carbon capture technology with the scale-up of their metal-organic framework (MOF) CALF-20, which can capture up to 95% of CO₂ emissions from industrial sources like cement. The MOF exhibits high selectivity and stability, utilizing a low-temperature process that aligns with green chemistry principles. Collaborative efforts with BASF have enabled the transition from laboratory to industrial scale. Svante's technology is positioned to significantly lower carbon capture costs, addressing the industry's need for scalable solutions to combat climate change.

Lafarge Canada Inc. has been recognized in the BC Transportation Contractor of the Year Awards of Excellence for both 2020 and 2021, receiving four nominations. The company won the 2020 Workplace Health and Safety Award for implementing a perimeter lighting system to enhance worker safety. Lafarge was also honored in 2021 for the Lower Lynn Creek Connectivity Project, which handled over 120,000 vehicles daily. The awards were presented on December 3, 2021, highlighting Lafarge's commitment to quality and safety across its infrastructure projects.

LafargeHolcim has acquired Marshall Concrete Products, enhancing its Aggregate Industries unit's presence in the Minneapolis/St. Paul area. Founded in 1936, Marshall specializes in concrete products, catering primarily to residential and light commercial sectors. This acquisition aims to bolster operations in a rapidly growing market, promoting continuity in customer service. LafargeHolcim operates nearly 350 sites across the U.S., employing about 7,000 people and focuses on delivering sustainable building solutions as part of its global strategy.