Holcim Ltd - HCMLY STOCK NEWS

Lafarge Canada, a leader in sustainable building solutions, has successfully delivered over 3000 truckloads of ultra low carbon cement from its ECOPlanet portfolio to BC’s Brucejack Mine. Since 2017, more than 145,000 tons of ECOPlanet T90 cement have been supplied, achieving a 90% reduction in CO2 emissions compared to standard portland cement. This innovative cement enhances backfilling efficiency and performance, addressing both environmental concerns and operational needs in mining.

Technip Energies has partnered with Svante to advance carbon capture technology via a Memorandum of Understanding (MoU). This collaboration aims to enhance integrated solutions for industrial carbon capture in Europe, the Middle East, Africa, and Russia. Svante's solid sorbent technology efficiently captures carbon dioxide from industrial processes, targeting projects in cement, hydrogen, and petrochemical sectors. The venture also seeks to reduce capital costs associated with carbon capture and aligns with global net-zero goals, aiming to deploy over 2,000 carbon capture plants by 2040.

Holcim (OTC-PINK:HCMLY) has launched its "Strategy 2025 - Accelerating Green Growth" to establish itself as a leader in sustainable building solutions. This strategy aims for 3%-5% net sales growth and a target of 30% sales contribution from Solutions & Products by 2025. Holcim plans to recycle 10 million tons of construction waste and achieve 10% ROIC with a cash conversion rate of 45%. The company aims to capitalize on megatrends in construction while promoting sustainability and innovation.

LafargeHolcim, Geocycle, and CenterPoint Energy have achieved a significant milestone in their environmental initiative by successfully making the first barge shipment of nearly 2,000 tons of coal ash. This project is expected to recover and recycle over six million tons of coal ash, substantially reducing landfill use and the need for virgin raw materials in cement production. The collaborative effort, which involves an investment of over $80 million, aims to transform coal ash into a beneficial resource, supporting sustainable construction practices and contributing to a circular economy.

Holcim reported Q3 net sales of CHF 7,286 million, reflecting a 5.0% increase year-over-year on a like-for-like basis. The Recurring EBIT reached a record CHF 1,534 million, up 4.7% LFL. For the first nine months of 2021, net sales rose to CHF 19,842 million (+12.2% LFL), with Recurring EBIT rising to CHF 3,516 million (+35.2% LFL). The company upgraded its annual Recurring EBIT growth guidance to at least 22%. Holcim continues to invest in sustainable solutions, achieving 2050 net-zero targets validated by the Science Based Targets initiative.

Global Cement and Concrete Association (GCCA) has announced a commitment to reduce carbon emissions by 25% by 2030, as part of a broader goal to achieve net zero concrete by 2050. This initiative involves 40 major producers worldwide, responsible for 80% of global cement production outside China, and aims to prevent 5 billion tonnes of CO2 emissions. The GCCA has outlined a seven-point roadmap focusing on reducing fossil fuel use, increasing alternative fuels, and investing in carbon capture technology. The organization calls for governmental support to facilitate this transition.

LafargeHolcim announced the acquisition of Utelite Corporation, a major producer of expanded shale lightweight aggregates based in Coalville, Utah. This move enhances LafargeHolcim's aggregate operations in the Mountain Region, specifically benefiting metro areas like Denver, Phoenix, and Las Vegas. With over 60 years of proven reserves and a dedicated workforce, this acquisition aims to strengthen LafargeHolcim’s market position and support sustainable building solutions.

LafargeHolcim's Midlothian plant in Texas will become the first U.S. cement facility to fully convert to OneCem®, a Portland limestone cement offering. This transition is part of the company’s commitment to sustainability, aiming to reduce CO2 emissions by 70 million pounds annually, equivalent to powering 5,800 homes for a year. OneCem, which includes up to 15% finely ground limestone, delivers performance comparable to ordinary Portland cement while significantly lowering greenhouse gas emissions. LafargeHolcim focuses on innovative solutions to meet growing customer demand for environmentally friendly building materials.

Holcim has finalized an agreement to divest its Brazilian business to CSN for USD 1.025 billion. This transaction includes five cement plants, four grinding stations, six aggregates sites, and 19 ready-mix concrete facilities. The divestment aims to strengthen Holcim's balance sheet by significantly reducing its debt ratio. The proceeds will be reinvested in the company's Solutions & Products division following the Firestone acquisition. Meanwhile, Latin America remains a strategic growth area for Holcim, with ongoing investments in Argentina and Mexico.