Brasil Business news

Holcim Divests Enterprise in Brazil

ZUG, Switzerland–(BUSINESS WIRE)–Regulatory Information:

Holcim (Paris:HOLN) has signed an settlement with CSN (Companhia Siderúrgica Nacional) for the divestment of its enterprise in Brazil for an enterprise worth of USD 1.025 billion. This divestment contains Holcim’s 5 built-in cement vegetation, 4 grinding stations, six aggregates websites and 19 ready-mix concrete services.

This divestment strengthens the corporate’s steadiness sheet, considerably lowering its debt ratio. Advancing its portfolio optimization, Holcim will use the proceeds to put money into its Options & Merchandise enterprise, constructing on the Firestone acquisition.

Jan Jenisch, CEO: “This divestment is one other step in our transformation to turn into the worldwide chief in progressive and sustainable constructing options giving us the flexibleness to proceed investing in enticing development alternatives. We’re happy to have discovered a accountable purchaser with CSN that can develop the Brazilian enterprise over the long run.”

Whereas Holcim divests its actions in Brazil, Latin America is a core strategic development area for the corporate. Constructing on sturdy positions in all its markets, Holcim lately invested in a further clinker line in Malagueno, Argentina, a brand new grinding station in Yucatan, Mexico, and within the steady development of its Disensa retail community. Holcim additionally launched its Firestone GacoFlex line in Mexico as step one in growing its roofing programs enterprise throughout Latin America.

About Holcim

Holcim builds progress for folks and the planet. As a world chief in progressive and sustainable constructing options, Holcim is enabling greener cities, smarter infrastructure and bettering dwelling requirements world wide. With sustainability on the core of its technique Holcim is turning into a web zero firm, with its folks and communities on the coronary heart of its success. The corporate is driving the round economic system as a world chief in recycling to construct extra with much less. Holcim is the corporate behind among the world’s most trusted manufacturers within the constructing sector together with ACC, Combination Industries, Ambuja Cement, Disensa, Firestone Constructing Merchandise, Geocycle, Holcim and Lafarge. Holcim is 70,000 folks world wide who’re obsessed with constructing progress for folks and the planet by way of 4 enterprise segments: Cement, Prepared-Combine Concrete, Aggregates and Options & Merchandise.

Extra info is offered on www.holcim.com

Essential disclaimer – forward-looking statements:

This doc incorporates forward-looking statements. Such forward-looking statements don’t represent forecasts relating to outcomes or every other efficiency indicator, however fairly traits or targets, because the case could also be, together with with respect to plans, initiatives, occasions, merchandise, options and providers, their improvement and potential. Though Holcim believes that the expectations mirrored in such forward-looking statements are primarily based on affordable assumptions as on the time of publishing this doc, traders are cautioned that these statements should not ensures of future efficiency. Precise outcomes might differ materially from the forward-looking statements on account of plenty of dangers and uncertainties, a lot of that are troublesome to foretell and usually past the management of Holcim, together with however not restricted to the dangers described within the Holcim’s annual report obtainable on its web site (www.holcim.com) and uncertainties associated to the market situations and the implementation of our plans. Accordingly, we warning you in opposition to counting on forward-looking statements. Holcim doesn’t undertake to offer updates of those forward-looking statements.

This doc incorporates inside info throughout the which means of the Market Abuse Regulation (EU) (No 596/2014).

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