Holcim Ltd (HCMLY.PK) Monday revealed that it has launched a new program "Holcim Leadership Journey 2012 - 2014" which will aim to generate an additional operating profit of atleast 1.5 billion CHF by the end of 2014.
The company stated that the objective of the new program would be to strengthen its market and cost leadership, in addition to improving the return on invested capital sustainably.
CEO Bernard Fontana: "After intensive discussions at the senior management level and based on close collaboration with the Group companies, I am confident that we will achieve these targets. At least CHF 150 million positive impact will be achieved in 2012."
The cement company further added that, as part of the Leadership Journey program, it would focus on Increasing energy efficiency and the use of alternative fuels and raw materials, reducing logistics costs, streamlining of the procurement process globally, and increasing fixed costs savings.
The company noted that the realization of the objectives laid down in this program would entail one-off costs of less than CHF 200 million.
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