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Acquisition of Cemex Australia successfully completed
After completion of the due diligence and the approval of the Australian authorities, Holcim has successfully completed the acquisition of Cemex Australia as per October 1, 2009. The new Group company, which now trades under the name Holcim (Australia) Pty Ltd, is being fully consolidated as of that date. It continues to operate under the leadership of its proven management team.
Changes within the Executive Committee and Senior Management of Holcim Ltd
Ian Thackwray, currently CEO of Holcim Philippines, has been appointed a Member of the Executive Committee by the Board of Directors of Holcim Ltd. He will join the Execu-tive Committee at the beginning of 2010 and commence to make himself familiar with the regional responsibility of Executive Committee Member Tom Clough. With effect from July 1, 2010, he will succeed Tom Clough, who will be retiring. The area of responsibility spans the companies in East Asia, including China, the Philippines and Oceania and South and East Africa.
Holcim Bangladesh launches "Holcim Green Built Bangladesh" contest
Holcim Bangladesh launches "Holcim Green Built Bangladesh" contest
Media Release Half-Year 2009
- Due to its strong presence in growth markets, Holcim performed well in a difficult economic environment and significantly increased its cash flow
- Robust organic growth in Asia Pacific, Latin America and Africa Middle East in the second quarter
- At 24.8 percent in the second quarter, operating EBITDA margin exceeds previous year's 23.8 percent
- Strong balance sheet and sound liquidity
- Based on the successful cost management, the target for fixed costs reduction in 2009 has been increased from CHF 375 million to CHF 600 million
- Asia will continue to grow and Latin America and Africa Middle East are also likely to follow favorable trends; in Europe and North America, the stimulus programs will have a positive impact on demand building up gradually over the next year
Media Release Business Year 2008
- In the fourth quarter of 2008, the contracting construction industry worsened rapidly in a number of markets
- Higher costs for energy and other inputs as well as unfavorable currency effects impacted the income statement negatively
- Swift capacity adjustments based on demand development; two additional plants mothballed in the US
- Decisive cutback of fixed costs at Group and Group company level
- Balance sheet remains strong with a high level of liquidity
- Payout ratio remains unchanged; dividend will be distributed in shares which are entitled to a dividend for the full year 2009
- Stimulus programs will support the construction industry and the sector will particularly benefit from an economic upswing
Key figures Holcim Group
