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Decline in building activity and increasing costs put pressure on income statement and lead to capacity adjustments. The balance sheet of Holcim remains strong.
November 12, 2008 -
- Holcim initiates cost-cutting measures and is planning to close plants in Spain and the US
Development on a like-for-like basis*:
- Cement deliveries increased by 0.7 percent and ready-mix concrete volumes grew by 7.4 percent; sales of aggregates fell by 7.4 percent
- Net sales appreciated by 6.6 percent
- Operating EBITDA decreased by 5.2 percent
- Adjusted to a non-recurring capital gain and special dividend in 2007, net income attributable to equity holders of Holcim Ltd decreased by 5.8 percent
- Against the backdrop of a slowing global economy, Holcim forecasts that internal operating EBITDA development excluding the planned closing costs will continue to weaken in the fourth quarter.
* Factoring out changes in the scope of consolidation and currency translation effects.
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Statement Holcim confirmes searches by the EU antitrust authority in Belgium, France, Germany and the UK
November 05, 2008 - On November 4, 2008, the EU antitrust authority has initiated an investigation of the cement sector. It has also searched offices of Holcim Group companies in Belgium, France, Germany and the UK. The Group companies fully cooperate with the authority.
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Disclosure of shareholdings according to the Swiss Stock Exchange Act: Shareholding of UBS AG in Holcim Ltd
October 01, 2008 -
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Holcim is expanding into the rapidly growing building materials market in Azerbaijan – decision to build a new kiln line
September 25, 2008 - Holcim, through its Group company Garadagh Cement, has been producing and distributing cement in Azerbaijan since 1999. The Garadagh cement plant is located some 35 kilometers west of the capital, Baku, and its four small kiln units produce around 1.1 million tonnes of cement for the fast growing building materials market. Over the last four years, consumption of cement has increased by more than 65 percent and reached 3.2 million tonnes in 2007. Further strong growth is expected in the coming years as a result of the robust housing construction activities and major public infrastructure projects.
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Disclosure of shareholdings according to the Swiss Stock Exchange Act: Shareholding of Eurocement Holding AG in Holcim Ltd
September 22, 2008 -
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Holcim sets benchmark in sustainability again
September 10, 2008 - For the fourth year in succession, Holcim has been named "Leader of the Industry" in the Dow Jones Sustainability Index (DJSI) and once again acknowledged as the company with the best sustainability performance in the building materials industry. The Group has been included in both the Dow Jones Sustainability World Index and the Dow Jones STOXX Sustainability Index for six years.
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Holcim produces solid results despite the difficult economic environment and a strong increase in energy prices.
August 21, 2008 -
Development on a like-for-like basis*:
- Cement deliveries increased by 3 percent and ready-mix concrete volumes grew by 9.9 percent; sales of aggregates fell by 6.9 percent
- Net sales appreciated by 8.2 percent
- Operating EBITDA decreased by 0.9 percent
- Adjusted to a non-recurring capital gain and special dividend of CHF 1.3 billion in 2007, net income attributable to equity holders of Holcim Ltd increased by
2.6 percent
- Holcim expects in 2008 to match its excellent previous-year result on a like-for-like basis on the level of operating EBITDA
* The scope of consolidation has undergone substantial changes. Holcim South Africa and Egyptian Cement are no more included in the result for the first half of 2008. Another factor which has negatively impacted earnings is the strength of the Swiss franc. The changes in the scope of consolidation and currency translation effects need to be factored out of any comparisons with the corresponding period of the previous year.
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Disclosure of shareholdings according to the Swiss Stock Exchange Act: Shareholding of The Capital Group Companies, Inc. in Holcim Ltd
August 20, 2008 -
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Holcim signed a basic agreement in connection with the nationalization of its Venezuelan Group company
August 19, 2008 - In April 2008, the Venezuelan government announced the nationalization of at least 60 percent of all foreign cement producers operating in the country. On June 18, the respective decree has been published.
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Successful commissioning of Romania's largest kiln line at Holcim's Campulung plant - cement for a rapidly growing market
July 24, 2008 - Holcim Romania has just successfully commissioned a new kiln line in the cement plant of Campulung. This brings an additional third of cement production capacity to this Group company that operates in a very dynamic, fast growing construction materials market. To achieve this, the Group invested EUR 120 million.
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