Holcim divests Holcim Russia

Holcim has agreed to sell its Russian business to its local management. When the transaction is completed, the business will continue to operate under different branding. Holcim says that it remains committed to supporting Holcim Russia’s employees and ensuring an orderly transfer for its customers. DGAP Corporate News has reported that Holcim deconsolidated the subsidiary in March 2022, following Russia’s invasion of Ukraine.
The company’s statement said, “Holcim’s Board of Directors expresses its heartfelt concern about the tragic human suffering in the region, and is fully committed to supporting affected people, families and communities. The Board of Directors thanks all Holcim colleagues who are mobilising around the world alongside local NGOs to provide shelter, essential goods and medical supplies, as well as volunteering their time.”

Related Stories

Thyssenkrupp Polysius wins orders in Vietnam

ThyssenKrupp Polysius’ Asia Pacific division has secured an order for two Polflame-type main burners for an unnamed cement plant. The equipment ...

Read More

Lafarge Canada to donate to wild salmon project

Lafarge Canada has announced a five-year in-kind donation with the Nicomekl Enhancement Society (NES) in British Columbia. The agreement will see ...

Read More

HarbisonWalker International acquired by Platinum Equity

The Board of Directors of HarbisonWalker International (HWI) has announced that it has signed an agreement to be acquired by Platinum Equity, a gl...

Read More

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back