The company made progress toward its 2030 decarbonization targets with an increase in the use of alternative fuels and new materials to replace clinker in cement production, and investments in renewable energy In 2023, Votorantim Cimentos, a building materials and sustainable solutions company, emitted, globally, 556 kg of CO2 per tonne of cement produced, 4%...
Cemex expects to accelerate growth in the US, lead profitable decarbonization in Europe, leverage leading position in Mexico, and scale its fast-growing Urbanization Solutions business. Strong free cash flow, consistent results, and Investment Grade rating should enable increased flexibility in capital allocation. New target to further improve leverage ratio1 by half a turn. Cemex intends...
With this partnership, Votorantim Cimentos intends to increase renewable energy consumption in Brazil to 75%, strengthening its decarbonization strategy and increasing its competitiveness. Atlas Renewable Energy, an international leader in providing renewable energy solutions for corporations, and Votorantim Cimentos, a construction materials and sustainable solutions company, have signed a Power Purchase Agreement (PPA) to supply...
Holcim to drive profitable growth in Europe, reaching CHF 10+ billion Net Sales and CHF 1.6+ billion EBIT by 2026 with increasing EBIT margins Industry-leading decarbonization to drive above 60% reduction of CO₂ per Net Sales in Europe from 2020 to 2030 Largest number of EU-funded carbon capture, utilization and storage projects with high return...
The resources will be invested in a co-processing project at the Salto de Pirapora cement plant aimed primarily at increasing the site’s thermal substitution rate and reducing its CO2 emissions. On Thursday, July 20, Votorantim Cimentos, a building materials and sustainable solutions company, signed a financing agreement with the International Finance Corporation (IFC), the largest...
Holcim Carbon Capture Utilization and Storage (CCUS) projects in Belgium, France and Croatia selected Grants follow EU funding for Holcim CCUS projects in Germany and Poland Highly scalable projects based on mature technologies and advanced partnerships Grants by EU Innovation Fund add to Holcim’s commitment to invest CHF 2 billion in CCUS projects by 2030...
Holcim completed the acquisition of Duro-Last, a US leader in commercial roofing systems, with pro forma net sales of USD 540 million. Duro-Last has a track record of double-digit growth in North America’s highly profitable USD >40 billion roofing market, driven by leading brands, proprietary technologies and custom-made solutions. Duro-Last’s systems will complement and strengthen...
In 2023, continuing the trend from last year, the industry focus is on CO2 reduction measures and technologies (alternative fuels, alternative raw materials), a main priority in operation plans of all the cement players.
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...
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...