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The Carbon Capture Coalition has welcomed Holcim as its first cement and concrete member, aiming to support federal policies for carbon management technologies. Holcim, a leading building materials provider, is investing heavily in low-carbon solutions and conducts feasibility studies for carbon capture facilities in Portland, Colorado, and Ste. Genevieve, Missouri. With backing from the US Department of Energy, these efforts align with the Coalition's goal to reduce carbon emissions and fulfill climate obligations. Holcim's commitment enhances its sustainability strategy and positions it as a leader in the industry.
Holcim reported record net sales of CHF 6,440 million, a 20.1% year-over-year increase, driven by strong demand and acquisitions. The Recurring EBIT rose to CHF 614 million, marking a 16.3% increase. The Roofing division contributed significantly with a 17% EBIT margin, bolstered by the acquisition of Malarkey Roofing Products. Standard & Poor's upgraded Holcim's rating to BBB+. The company anticipates 8% LFL net sales growth for 2022, with a commitment to sustainability reflected in their first Climate Report. Holcim also divested its Russian operations.
Lafarge Canada Inc. aims to double its Recycled Aggregates volumes in Eastern Canada by 2025, targeting over 2 million tonnes annually. This goal aligns with Lafarge's commitment to sustainability and the Net Zero initiative. Following a record 19% growth in 2021, the company anticipates a 25% growth rate for 2022, driven by projects in collaboration with key partners. The enhancements in logistics and GHG emission reductions underscore Lafarge's vision of a Circular Economy.
Holcim has announced its first Climate Report, showcasing its commitment to achieving net-zero emissions by 2050. Additionally, the company proposes a dividend of
Holcim has unveiled its new identity as Holcim US, marking a significant shift in consolidating trusted brands in the building sector. This change aims to accelerate the company's transformation into a leader in innovative and sustainable building solutions, with a focus on greener cities and smarter infrastructure. Operating in 43 states, Holcim US is dedicated to driving sustainability to achieve net-zero goals while enhancing living standards. The transition represents a united front leveraging Holcim's 200-year history, aiming to deliver value to stakeholders.
Lafarge has announced that its Richmond plant in British Columbia will exclusively produce OneCem, a low-carbon portland limestone cement. This shift aims to significantly reduce CO2 emissions in construction across Western Canada. Since 2011, the facility has cut emissions by 1.175 billion kilograms, equivalent to removing 250,000 vehicles from the roads for a year. OneCem boasts a 20% lower CO2 emissions per tonne than the national Canadian average for standard cement, marking a pivotal step towards sustainable building practices in collaboration with local municipalities and stakeholders.
Solidia Technologies has appointed Padmaja Parakala, Ph.D., as the new Director of Research and Development. With over 20 years of experience in material science, Dr. Parakala has a proven track record of innovation, having filed 30 patents and driven significant revenue growth at previous organizations. Solidia focuses on decarbonization technologies for the construction industry, and her expertise aligns with the company's mission to develop environmentally sustainable products. Her prior work includes substantial contributions to various multinational firms, emphasizing product performance and sustainability.
Solidia Technologies has appointed Pradeep Ghosh as senior director of Strategy and Business Development. Ghosh brings over 15 years of experience in accelerating growth and innovation across industries, particularly in building materials.
He aims to enhance sustainable solutions globally, addressing climate challenges. Solidia's focus is on scalable, sustainable building materials, benefiting both industry and the environment. Ghosh holds a B.S. in Biomedical Engineering and previously worked with various manufacturers to drive innovation and market expansion.
Holcim reported record financial performance for 2021, with net sales reaching CHF 26.8 billion, up 16.0% year-on-year. Recurring EBIT grew by 25.7% to CHF 4.6 billion, and EPS rose by 30% to CHF 3.98. The company achieved free cash flow of CHF 3.26 billion, with net financial debt at CHF 9.98 billion. A 10% dividend increase to CHF 2.20 per share is proposed. Holcim's growth was driven by acquisitions, including Firestone, Malarkey, and PRB Group. The outlook for 2022 anticipates continued momentum across all regions, with net sales growth projected above 6%.
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