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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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Holcim Ltd Executive Committee to be enlarged
July 14, 2008 - Hansueli Heé, member of the Executive Committee of Holcim Ltd since 1998, will be stepping down with effect from October 31, 2008 and going into retirement. Under his aegis, Holcim strengthened its market position in Europe’s cement, aggregates and ready-mix concrete sectors and built up a leading position as a supplier of building materials especially in Eastern/Southeastern Europe and the CIS/Caspian region. The Board of Directors and Executive Committee would like to thank Hansueli Heé for the many years of valuable service he has provided.
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Holcim Group’s new competence center for R&D and training to be established in Holderbank in Canton Aargau
June 30, 2008 - The growth-oriented, international building materials group aims to set standards for the future with a new building project in Holderbank. The Group's new competence center in the Schachen commercial park will provide space for an additional 250 jobs for highly qualified specialists as well as underscoring the significance of research, development and training within the company. The new building is to be planned in line with the latest advancements in sustainable construction and shall put Holcim’s core products to creative use within an outstanding design.
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Strengthening of ready-mix concrete and aggregates businesses in Spain: acquisition of Tarmac Iberia
June 13, 2008 - Holcim Spain has agreed to acquire 100 percent of Tarmac Iberia S.A.U. from Anglo American plc, London for a total consideration of up to EUR 148 million. Completion of the acquisition is subject to regulatory approval which is anticipated to occur by September 2008.
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Sustainability Report 2007: Holcim on track
June 02, 2008 - Global economic and population growth and the impact on energy consumption and climate require more sustainable approaches in construction. Holcim contributes by providing innovative solutions and sustainable building materials. The voluntary emissions reduction target per tonne of cement for CO2 is within reach. The attainment is recognized externally as well: In 2008, Holcim has been rated "SAM Gold Class" and thus acknowledged as a leading company in sustainability worldwide and across sectors.
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Moody’s assigns Holcim Baa1 credit rating, outlook stable
May 30, 2008 - Moody’s, the international rating agency, has assigned construction materials Group Holcim a long-term credit rating of Baa1, outlook stable.
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Disclosure of shareholdings according to the Swiss Stock Exchange Act: Shareholding of UBS Fund Management (Switzerland) AG, Basel, in Holcim Ltd
May 22, 2008 -
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