Adjusted EBITDA was R$4.9 billion, 6% lower than the previous year. EBITDA margin was 19%, five percentage points lower than in 2021. Leverage, measured by the net debt/adjusted EBITDA ratio, was 1.55x, the same as 2021 and the best level in over ten years. Net profit in the year was R$1.1 billion. The company...
Holcim has acquired INDAR, a leading hardware wholesaler in Mexico with 2022 net sales of USD 71 million. With this acquisition, Holcim adds more than 10,600 additional hardware products to its range of solutions across its Disensa retail network. INDAR supplies hardware of over 80 leading brands, from roofing, needs to tools and adhesives all...
Alamo Cement Company announced the completion of its new solar power system in San Antonio, Texas, advancing its commitment to reducing carbon emissions and aligning itself with the cement industry’s goal of reaching carbon neutrality. The 45-acre solar panel field (the equivalent of 35 football fields) is estimated to generate up to 15 percent of...
CEMEX’s update to its Green Financing Framework aligns it with its more ambitious decarbonization goals announced in 2022. Through this update, CEMEX will strengthen financing avenues for innovative technology needed to reach carbon neutrality. CEMEX announced that it has updated its Green Financing Framework to align it with its more ambitious decarbonization goals. The update...
The Global Cement and Concrete Association (GCCA) is calling for start-ups from around the globe to play a leading role in helping the cement and concrete industry in its vital efforts to cut carbon dioxide emissions. It is inviting start-ups to apply for the Innovandi Open Challenge, an exciting international partnership program to gain unique access...
CarbonZero Global Conference and Exhibition 2023 will be held at InterContinental Lyon – Hotel Dieu. This exquisite and chic hotel, located at the heart of the Peninsula of Lyon, a UNESCO World Heritage Site since 1999 is the winner of France’s Leading hotel for 2 years in a row and the Best Hotel for Business...
The Science Based Targets initiative (SBTi) has validated Heidelberg Materials’ 2030 carbon reduction targets under its new 1.5°C framework Heidelberg Materials commits to individual scope 1 and 2 targets as well as a scope 3 target for 2030, in relation to the base year 2020 CCUS and circularity are the company’s key levers to reach...
CEMEX announced that it has signed an agreement with green fuels producer ETFuels, to transform CO2 from CEMEX’s Alicante cement plant in Spain into green fuels. This carbon utilization project, groundbreaking in its scope and potential contribution to European energy security, demonstrates significant progress in testing and scaling technologies that are designed to contribute to accelerating...
“We closed 2022 with a very good result thanks to a great finish in the fourth quarter,” says Dr. Dominik von Achten, CEO of Heidelberg Materials. “As part of our Customer Excellence Programme, we were able to more than offset the sharp rise in energy costs in the fourth quarter for the first time during...
CEMEX announced that the U.S. Department of Energy awarded US$3.2 million to Solar MEAD, a joint project headed by CEMEX, Sandia National Laboratories, and Synhelion, which aims to decarbonize cement production. Solar MEAD aims to replace the use of fossil fuels with concentrated solar thermal (“CST”) energy in clinker production, the key component in cement....