Holcim Signs Deal With Ol-Trans To Acquire Its Five Concrete Plants

Holcim (HCMLY.PK,HCMLF.PK), on Tuesday, announced that it has signed an agreement with Ol-Trans to acquire its five concrete plants.

With 2022 estimated net sales of CHF 27 million, the transaction will strengthen Holcim's local ready-mix concrete network and firmly establish it as the leader in Northern Poland. This transaction will also increase Holcim's sales of ECOPact green concrete that comes with up to 50% lower carbon footprint in Poland.

Customers will also benefit from improved access to sustainable solutions like Agila Fibro, a self-compacting concrete that reduces the use of steel reinforcement by 40%-50%.

Miljan Gutovic, Region Head Europe Middle East Africa, said, "With this acquisition we will further expand the footprint of ECOPact green concrete, the first and most comprehensive sustainable concrete range in Poland. Ol-Trans has been a long-standing Holcim partner as well as a growing and highly successful business. I offer a warm welcome to Ol-Trans employees into the Holcim family and look forward to unleashing our next era of growth together."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Factory Orders, Job Openings, and Labor Turnover Survey might be the major highlights on Tuesday. Fed speeches also will get attention. Early signs from the U.S. Futures Index suggest that Wall Street might open higher. Asian shares finished broadly up and European shares are progressing. As... North Korea fired a long-range ballistic missile over Japan, evoking international condemnation. The unprovoked surprise launch Tuesday morning did not cause any harm, and the missile fell into the Pacific Ocean, reports said. The missile reportedly covered 4,600 kilometers - a distance enough to target the American island of Guam in the Pacific. This marks Pyongyang's first missile launch over Hospitality company Hilton has teamed with connected fitness platform Peloton Interactive, Inc. to feature Peloton Bikes across its entire U.S. hotel portfolio. In an industry-first partnership, Hilton's nearly all 5,400 U.S. Hilton-branded hotels will feature at least one Peloton Bike in every fitness center by the end of the year.
Follow RTT