Holcim Company Research Report

Company Overview

Name of the Company

Holcim

Mission of the Company

To build progress for people and the planet and to lead the transition to sustainable building to improve living standards globally.

Foundation and Key People

Founded By: No specific founding individual is mentioned.

CEO: Miljan Gutovic

Other Key Appointments (September 2024):

Jaime Hill appointed as Region Head North America

Carmen Diaz appointed as Chief People Officer

Lukas Studer appointed as Group General Counsel

Headquarters

Grafenauweg 10, 6300 Zug, Switzerland

Number of Employees

63,448 employees as of 2023

Revenue

Net sales of CHF 27.0 billion in 2023

What the Company is Known For

Holcim is a global leader in innovative and sustainable building solutions. It is known for its comprehensive range of sustainable building materials and for driving the shift towards decarbonizing the construction industry.

Products

Overview

Holcim offers a range of products aimed at sustainable building and construction, including low-carbon and circular solutions.

Product Categories and Descriptions

1. ECOPact

Description: A range of low-carbon concrete solutions.

Key Features: Offers the world's broadest ranges of low-carbon concrete, promoting construction with reduced environmental impact.

2. ECOPlanet

Description: A range of low-carbon cement solutions.

Key Features: Leading in decarbonizing cement, offering significant CO2 reductions.

3. ECOCycle®

Description: A proprietary circular technology platform.

Key Features: Focuses on recycling construction materials into new building solutions, driving circular construction.

4. Aggneo

Description: Range of recycled aggregates.

Key Features: Utilizes construction waste to produce high-quality aggregates.

5. Specialty Building Solutions

Includes: Advanced mortars, tile adhesives, façades, coatings, insulations, adhesives, and flooring systems.

Key Features: Enhance energy efficiency and adapt to new builds, repairs, and renovations.

Recent Developments

New Partnerships and Acquisitions

1. Acquisition of OX Engineered Products (October 2024)

Description: Acquisition of a leading U.S. provider of advanced insulation systems.

Impact: Enhances Holcim's building envelope solutions and complements existing product range.

2. Acquisition of Mark Desmedt (July 2024)

Description: Acquisition of a leading recycler of construction demolition materials in Belgium.

Impact: Supports Holcim's ECOCycle® initiative, advancing circular construction as a growth driver.

3. Investment with Amazon in Startups (October 2024)

Partnerships: Co-investment in 14Trees and Paebbl.

Purpose: To advance sustainable building and CO2 storage in concrete.

Launches

Holcim Sustainable Construction Academy (September 2024)

Description: An online learning program focusing on low-carbon, circular and regenerative design concepts.

Objective: Upskill professionals in the built environment to better understand and contribute to sustainable construction.

Leadership Changes (September 2024)

Jaime Hill appointed as Region Head North America.

Carmen Diaz appointed as Chief People Officer.

Lukas Studer appointed as Group General Counsel.

Financial Highlights (H1 2024)

Growth: Record profitable growth reported, with net sales up by 1.6% in local currency.

M&A Activity: Continued disciplined execution with 11 acquisitions to advance circular construction and expand capabilities.

Holcim is effectively focusing on innovative sustainable solutions to position itself as a leader in the construction industry's transition to a net-zero future. The company's commitment to expanding its solutions portfolio through strategic acquisitions and investments in innovation underscores its dedication to sustainability and industry leadership.