Heidelberg Materials has launched a groundbreaking recycling plant near Katowice, Poland, focusing on the selective separation of demolition concrete. This state-of-the-art facility, the first of its kind in the industry, utilizes a proprietary crushing mechanism to enable advanced separation and sorting capabilities, fully recycling demolition concrete. The plant boasts a capacity of up to 100...
Votorantim Cimentos signed today an agreement for the full sale of its assets located in Tunisia to Sinoma Cement Co., Ltd, a cement based building materials enterprise headquartered in China. The completion of the transaction, including the effective transfer of the assets in the country and financial liquidation, is subject to the fulfilment of customary...
Record recurring EBIT, up +12.7% in local currency, up +8.1% in CHF Net sales up +1.6% in local currency. Record recurring EBIT margin of 23.2% (+210 bps) in Q2 2024 +10.0% growth in EPS before impairment and divestments Disciplined M&A execution continues with 11 value-accretive acquisitions and 4 divestments FY 2024 updated guidance: recurring EBIT...
Heidelberg Materials is selected for award negotiation to receive up to $5 million in funding from the US Environmental Protection Agency (EPA) The funding will be used to develop a cloud-based tool that can help concrete, cement, aggregates, and asphalt facilities to quickly and efficiently produce high-quality Environmental Product Declarations (EPDs) The grant is part of...
Holcim has successfully placed its first 99.2% clinker-free concrete pavement in North America, marking a significant milestone in its commitment to sustainable building. This innovative project, completed in collaboration with Stoneway Concrete, resulted in a 74.7% reduction in CO2 emissions compared to standard concrete using Type IL cement. “Our net-zero goals are ambitious, and to...
The European Commission has announced a record €7 billion investment in sustainable, safe, and smart transport infrastructure through the Connecting Europe Facility (CEF). This marks the largest call under the current CEF Transport programme, with funds allocated to 134 projects. Climate Focus: About 83% of the funding targets EU climate objectives, enhancing the trans-European transport...
IHG Hotels & Resorts has launched its groundbreaking Low Carbon Pioneers program, bringing together energy-efficient hotels that operate without on-site fossil fuel combustion and are powered by renewable energy. This pioneering group, the first of its kind in the hospitality industry, aims to test, learn, and share sustainable practices, inspiring other properties to join the...
In a historic move, Vatican City is set to join a select group of nations that generate all their electricity from renewable sources, as announced by Pope Francis. This groundbreaking initiative underscores the Vatican’s unwavering commitment to climate neutrality and sustainability. In his apostolic letter, Fratello Sole (Brother Sun), Pope Francis outlined an ambitious plan...
Heidelberg Materials announced today its definitive purchase agreement to acquire Highway Materials, Inc., a leading independent aggregates and asphalt producer in the Greater Philadelphia market. This acquisition includes four crushed stone quarries, nine hot-mix asphalt plants, two clean fill operations, a concrete recycling facility, a construction services business, and over 350 employees. Earlier in July,...
Cemex announced on July 15th a joint venture agreement with sand and gravel supplier Couch Aggregates and marine bulk product distributor Premier Holdings. This agreement is part of Cemex’s ongoing strategy to accelerate growth in the U.S. and expand its aggregates business. This joint venture will strengthen Cemex’s aggregate reserves with the production, distribution, and...