Holcim Ltd., the world’s largest cement-maker, said it will book a 410-million Swiss franc ($446 million) charge as Chief Executive Officer Bernard Fontana accelerates a European cost-saving program to counter weaker demand.
Lafarge SA’s plan to close a cement plant in France and Holcim Ltd.’s asset writedowns in Spain, Hungary and the Czech Republic are spawning concern that Europe’s debt crisis will lead to more factory shutdowns.
Holcim Ltd. , the world’s second- biggest cement maker, is teaming up with an insurance company to sell building materials and homes to Indonesians as it seeks to benefit from the future middle class in the emerging markets.
Votorantim Cimentos SA and Holcim Ltd . are vying for a 40 percent stake in Brazilian cement-maker BRC Cimentos for 1.8 billion reais ($1.1 billion), O Estado de S. Paulo reported, without saying where it got the information.
The Romanian unit of Holcim Ltd. , a Swiss cement maker, plans to start legal action against the European Commission to help find 1 million stolen carbon permits, according to the attorney handling the case.
Holcim Ltd., the world’s second- largest cement maker, said it will book a 775 million-franc ($811 million) charge after writing off South African investments and revaluing assets in sluggish markets from Spain to the U.S.