logo
Plus   Neg
Share
Email

LafargeHolcim To Invest CHF 160 Mln To Improve Carbon Efficiency Of Products

Cement giant LafargeHolcim (HCMLY.PK,HCMLF.PK) announced Wednesday that it will invest 160 million Swiss francs into advanced equipment as well as technologies to increase the use of low-carbon fuels and recycled materials in the company's processes and products.

The company said it aims to further improve the carbon-efficiency of its products and solutions. The planned investment would help the firm to reduce annual CO2 emissions in Europe by a further 15 percent like-for-like, representing 3 million tons, by 2022.

The company has earmarked further funds to introduce new carbon-efficient materials and services. Over the next three years, LafargeHolcim will work on more than 80 projects across 19 European countries.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Polaris Industries Inc. is recalling certain Ranger and General Utility, as well as All-Terrain vehicles citing risks of crash, the U.S. Consumer Product Safety Commission said in a statement. The Medina, Minnesota-based company has called back about 26,730 units of Model Year 2019 - 2020 Ranger XP 1000 & Model Year 2020 General XP 1000 Utility vehicles. Gilead Sciences Inc. (GILD) said Friday that the European Commission has granted conditional marketing authorization for Veklury or remdesivir as a treatment for SARS-CoV-2 infection, the virus that causes COVID-19. FedEx is asking NFL team Washington Redskins to change its name for its racist connotations. The delivery services company, which is a major sponsor for the team, made the suggestion following increasing pressure from its investors amid the ongoing protests against racial injustice and inequality that arose from the killing of African-American George Floyd.
RELATED NEWS
Follow RTT