Holcim AG
SWX-HOLN
Company Overview
Holcim Ltd, together with its subsidiaries, operates as a building materials and solutions company in the Asia Pacific, Europe, Latin America, the Middle East, Africa, and North America. It operates through four segments: Cement, Aggregates, Ready-mix Concrete, and Solutions & Products. The company offers cement, hydraulic binders, clinker, and other cementitious materials; aggregates, such as crushed stone, gravel, and sand; and ready-mix concrete, precast concrete products, asphalts, and mortars. In addition, it engages in the provision of contracting and other services; and retail activities, as well as waste management services. Its products are used in infrastructure projects, such as roads, mines, ports, dams, data centers, stadiums, wind farms, and electric power plants; building projects comprising individual housing, collective housing, office buildings, industrial and commercial buildings, and public buildings; and affordable housing. The company was formerly known as LafargeHolcim Ltd and changed its name to Holcim Ltd in May 2021. Holcim Ltd was founded in 1833 and is headquartered in Zug, Switzerland.
Name
Holcim AG
CEO
Miljan Gutovic
Website
www.holcim.com
Sector
Construction Materials
Year Founded
1833
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Bulls Say
The phasing out of free carbon credits in Europe for cement production starting in 2026 will put pressure on small manufacturers and likely lead to lower supply, and thus higher profitability for large incumbents such as Holcim.
Several of Holcim's decarbonization initiatives will help drive growth and margin expansion for the group, which smaller competitors are unable to replicate.
Holcim has a number two market share position in Germany with 16% of cement capacity, placing Holcim well to benefit from the German EUR 500 billion infrastructure fund.
Bears Say
Following the spinoff of Amrize, Holcim will have no exposure to the US market, which exhibits high entry barriers and a robust outlook from reindustrialization and infrastructure spending.
The majority of Holcim's sales are generated from manufacturing cement, which is a notorious contributor of CO2 emissions and is likely to face increasing regulation.
Declining consumer and business confidence due to uncertainty surrounding tariffs could see construction projects postponed or canceled.