Swiss
25.01.22 – 13:20
The Swiss group is reducing its presence in the cement sector
The company’s strategy is to accelerate green growth by expanding to other areas
Zurich – Zurich-based Holcim Group has decided to sell its cement-related businesses in Northern Ireland to local company Cookstone Stone.
The financial details and timing of the transaction were not disclosed.
Cookstone Stone Cement, a new group founded by Holcim’s longtime trading partner, with a capital of about 70 million francs, today refers to the Swiss cement giant in a note, with a sales capacity of 450,000 tonnes. Cement.
The deal is part of Holcim’s 2025 Strategy – Accelerating Green Growth, explained by Milsen Gutovic, Holcim’s head of Europe, the Middle East and Africa. As part of the relocation, the Zurich-based group is reducing its presence in the expensive and energy-intensive cement sector to expand into more specialized areas with higher margins.
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