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35-564: Aggregate Industries , a member of the Holcim Group , is a company based in the United Kingdom with headquarters at Bardon Hill , Coalville, Leicestershire. Aggregate Industries manufactures and supplies a range of heavy building materials, primarily aggregates such as stone , asphalt and concrete to the construction industry and other business sectors. Aggregate Industries also manufactures and imports cement , and provides

70-630: A "merger of equals" valued at nearly $ 60 billion. The merger entails 10 Lafarge shares being converted into 9 Holcim shares. Holders of 86% of Lafarge shares accepted this offer in June 2015, according to Holcim, meaning that the merger would proceed. The new company would be based in Switzerland and have a manufacturing capacity of 427 million tons a year, which would vastly exceed the 227 million ton capacity of current industry leader Anhui Conch . Lafarge Chief Executive Officer Bruno Lafont will lead

105-547: A merger project to create LafargeHolcim. With a combined market value exceeding $ 50 billion, the merger was the second largest announced worldwide in 2014. On 10 July 2015, the two companies completed the merger and created LafargeHolcim. On 15 July 2015, the new LafargeHolcim Group was officially launched. In June 2016, Le Monde reported that Lafarge paid taxes to ISIS middlemen in 2013 to 2014 to keep using their factory in Jalabiya, Northeastern Syria. On 2 March 2017,

140-400: A range of aggregate-associated goods and services, these include the manufacture of masonry and reconstructed stone items for construction industry and domestic applications, the manufacture of pre-cast concrete items, the supply of ready-mixed concrete, design and project management consulting , and resurfacing contracting services. Aggregate Industries operates more than 60 quarries in

175-539: A stakes in The Associated Cement Companies (ACC) and Ambuja Cement Eastern. In 2008, Holcim became the largest shareholder of China's Huaxin Cement with a 40% stake. In 2009, they acquired Cemex Australia. In February 2012, Bernard Fontana became the first CEO of Holcim that was not part of the founding families. On 7 April 2014, Holcim and Lafarge announced they had agreed to terms on

210-631: A strategy to focus on core markets. In January 2024, Holcim announced plans to spin off 100% of its North American operations. It also announced Miljan Gutovic, the current head of Europe at Holcim, would replace Jan Jenisch as CEO beginning May 1, 2024. Holcim Group operates in around seventy countries, and focuses on cement , aggregates , ready mix and solutions & products. It is a global partner for major infrastructure projects – roads , mines , ports , dams , data centers , stadiums, wind farms , or electric power plants that require major investments. The group employs around 70,000 people around

245-474: Is a Swiss-based global building materials and aggregates flagship division of the Holcim Group . The original company was merged on 10 July 2015 with Lafarge to form LafargeHolcim as the new company and renamed to Holcim Group in 2021. The Holcim brand remained active within the group when the merger was completed. Founded in 1912, the company expanded into France and Europe and the Middle East during

280-555: Is manufacturing and distributing cement and aggregates. As of 2014, Holcim's annual production capacity was 215 million tons. It has a BBB credit rating according to Fitch Ratings , affirmed on March 11 2024. Holcim is the cement market leader in Australia, Azerbaijan, India, Slovakia, Switzerland, and Latin America. It is among the top few producers throughout Europe, North America, and Asia. Globally, Holcim and Lafarge are

315-490: The Leicester and Swannington Railway , which was used to transport granite from local quarries. In time, John Ellis became the local MP and his descendant, Joseph Ellis II, entered into partnership with a Breedon Everard of Groby, initially as coal merchants, later extending their business interests to granite . In 1858, following the death of Joseph Ellis II, his sons James and Joseph joined with Breedon Everard to lease

350-944: The Science Based Targets initiative (SBTi) “Business Ambition for 1.5°C” becoming the first global building materials company to sign the pledge with intermediate targets for 2030, validated by SBTi. On May 4, 2021, shareholders voted on changing the company name back to Holcim. The new identity of the company was launched on July 8, 2021. This name change applies only to the group company name with all market brands remaining in existence. In September 2021, Holcim reached an agreement to sell its Brazilian cement business to Companhia Siderúrgica Nacional at an enterprise value of US$ 1.025 billion. In May 2022, Adani Group acquired Holcim's stake in Ambuja Cements and ACC for US$ 10.5 billion. The sale marked Holcim's exit from India after 17 years of operations as part of

385-536: The 1920s. They expanded in the Americas during the 1950s and went public in 1958. The company continued to expand in Latin America and added Asian divisions during the 1970s and 1980s. A series of mergers and buyouts made Holcim one of the two largest cement manufacturers worldwide by 2014, roughly tied with rival Lafarge. In April 2014, the two companies agreed to a US$ 60 billion "merger of equals". The company

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420-647: The Bardon quarries belonging to Robert Jacomb-Hood II of Bardon Hall. Those quarries, now known as Bardon Hills, remained active as the business expanded, and the nearby Bardon Hall became the company's headquarters. Peter Tom joined the business in 1956 and, as Bardon Group, he steered it towards an initial public offering on the London Stock Exchange in 1988. Following the merger of Bardon Group and Camas (the former aggregates business of English China Clays ) in 1997, Peter Tom became chief executive of

455-488: The Board of Directors of LafargeHolcim issued a statement indicating that the measures required to continue operations at the plant were unacceptable. A comprehensive and independent investigation revealed significant errors in judgment that were inconsistent with the company's code of conduct and the company took action. There have been significant changes and developments made to the compliance program and infrastructure since

490-518: The Group certainly pulled out of Syria too late. All of this should have been avoided". Meanwhile, Sherpa filed a lawsuit against Lafarge over the payments. In March 2017, French Foreign Minister Jean-Marc Ayrault criticized LafargeHolcim for competing to build the wall on the border of Mexico–United States border promised by President Donald Trump . They were also criticised by presidential candidate Emmanuel Macron . In May 2017, Jan Jenisch

525-534: The North American business with a full capital market separation. Holcim was founded by Adolf Gygi in 1912 as "Aargauische Portlandcementfabrik Holderbank-Wildegg". The original headquarters were in Holderbank , ( Lenzburg district , Canton of Aargau ). In 1914, the company merged with "Rheintalischen Cementfabrik Rüthi" owned by Ernst Schmidheiny. Schmidheiny took over leadership duties and began

560-582: The UK and has several bases throughout mainland Europe and Scandinavia. Its clients operate in a range of services including construction , aviation , education, horticulture , road building, housing, power, energy and rail . The story of Aggregate Industries began with the Ellis family of Beaumont Leys, which is now part of Leicester. Active Quakers, the family was influential in the Midlands' first public railway,

595-790: The business, splitting it into two divisions. Ernst took over the Holderbank building materials business, while Max oversaw the other lines. This organization scheme remained in place until the 1970s. After World War II, Hans Gygi, son of Adolf Gygi, took over leadership. He oversaw the company during the Swiss housing boom of the 1950s, and as Holderbank expanded into Canada, then throughout North and South America. The company went public in 1958 in order to raise more capital to fuel further expansion. Hydroelectric projects in Switzerland generated large concrete contracts, offsetting losses in Egypt when

630-507: The case with an agreement to pay $ 50 million. $ 42 million of the settlement went to civil cases and $ 8 million was paid in criminal fines. The company will provide $ 75 million in insurance for maintenance as well as pay $ 500,000 toward routine checks on areas suspected to contain substandard concrete. In 2005 the company was acquired by the Swiss-based Holcim Group , which in 2014 was one of the largest cement companies in

665-402: The company changed its name from "Holderbank Financière Glaris" to Holcim (short for Hol derbank cim ent). Asia drove growth in the 2000s, as the company saw more than 50% of its business come from emerging markets. In 2005, Holcim purchased Aggregate Industries for US$ 4.1 billion, entering the United Kingdom for the first time. That year, the company also expanded into India by acquiring

700-622: The company on a course of expansion. In 1922, Holderbank, as the company was then known, expanded beyond the Swiss borders into France. Schmidheiny continued to expand, primarily by buying stakes in existing companies. By the end of the decade Holderbank held stakes in Belgium, Germany, the Netherlands, and Egypt. Positions in Lebanon and South Africa soon followed. Schmidheiny died in the 1930s and his sons, Ernst Jr. and Max , took over

735-743: The company's Holderbank site and a new corporate office in Zug . In January 2019, LafargeHolcim completed the sale of its 80.6% stake in PT Holcim Indonesia Tbk, its Indonesian cement business, to Semen Indonesia Group for US$ 1.41 billion. During the summer, in July 2019, LafargeHolcim introduced Plants of Tomorrow, a four-year program that will see the utilization of automation technologies and robotics, artificial intelligence , predictive maintenance and digital-twin technologies across their entire cement production process. In August 2019,

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770-468: The country's government nationalized Holderbank's factories. During the early 1970s, growth in Brazil and Mexico improved the company's bottom line. The Schmidheiny brothers convinced shareholders that the company should consolidate holdings and merge with Schweizerischen Cement-Industrie-Gesellschaft. The combined company had annual revenue of 800 million Swiss francs and established Holderbank as one of

805-513: The evaluation of major capital projects fall within the remit of the UK Executive Committee. Holcim Group Originally, the company was established as LafargeHolcim by the merger on 10 July 2015 of Holcim and Lafarge , which had combined sales of CHF 26.7 billion in 2019. In the 2020 Forbes Global 2000 , it was ranked as the 280th largest public company in the world. On 7 April 2014, Lafarge and Holcim announced

840-483: The firm announced a "commercial breakthrough for low-carbon cement", Solidia Concrete, which "reduces the overall carbon footprint in precast concrete by 70%". Later in the year, in Fall 2019, LafargeHolcim announced the allocation of 160 million Swiss francs ($ 161 million) on 80 projects across Europe to cut annual emissions from its cement manufacturing processes by 15% by 2022. In September 2020, LafargeHolcim joins

875-543: The first time. Thomas Schmidheiny took over leadership, overseeing the company as in expanded into Eastern Europe and experienced a boom in Spanish construction preceding the 1992 Summer Olympics . By 1986, Holderbank was the world's largest cement manufacturer. In the 1990s, the company consolidated its European holdings as the American market drove growth. Expansion into Eastern Europe and Russia continued. In 2001,

910-422: The globe. The building materials market is driven by massive global population growth , the shift towards city and urban living and the infrastructure, the highways , bridges , hospitals and schools , that growing populations require. Miljan Gutovic took over as CEO of the group on 1 May 2024. Members of the executive committee are formally appointed by the Board of Directors: Holcim Holcim

945-420: The industry's largest companies worldwide. The oil crisis of 1973 hit the industry hard as construction demand dried up in much of the world. Strong markets in Lebanon and South Africa allowed Holderbank to weather the storm. By 1976, revenue and profits had returned to pre-crisis levels. In the late 1970s and early 1980s, Holderbank continued its expansion in Latin America and expanded into Asia and Spain for

980-574: The merged business, named Aggregate Industries, which continued to grow rapidly by acquisition under his management. Massachusetts State Police searched the offices of Aggregate Industries, the largest concrete supplier for the underground portions of the Big Dig , in June 2005. They seized evidence that Aggregate delivered concrete that did not meet contract specifications. In March 2006 Massachusetts Attorney General Tom Reilly announced plans to sue project contractors and others because of poor work on

1015-478: The project. Over 200 complaints were filed by the state of Massachusetts as a result of leaks, cost overruns, quality concerns, and safety violations. In total, the state has sought approximately $ 100 million from the contractors ($ 1 for every $ 141 spent). In May 2006, six employees of the company were arrested and charged with conspiracy to defraud the United States. In July 2007, Aggregate Industries settled

1050-571: The time of the alleged misconduct. The former CEO, Eric Olsen , resigned in April 2017 because of the "strong tensions" incurred by the news. However, an investigation conducted by Baker McKenzie concluded Olsen was not responsible for the payments. In an interview with the French newspapers LeFigaro , Beat Hess, chairman of the board said: "Unacceptable errors were made that the Group regrets and condemns. It's far easier to say this in hindsight but

1085-526: The two largest producers in terms of sales as of 2014. In 2024, Holcim announced its plans to add 1,000 units of the battery-electric truck from Mercedes-Benz Trucks to its European fleet, with both companies signing a joint letter of intent for this purpose. The volume represents the most significant planned single order for the eActros 600, which has contributed to the achievement of the sustainability goals of both companies. Also, in 2024, Holcim announced plans to spin off its North American business, listing

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1120-524: The world, and reach a combined net sales of CHF 26.7 billion in 2019. The group's central functions had been divided between Zurich and Paris until the end of 2018, but are currently being transferred to the Swiss cities of Holderbank and Zug . The company's research facilities are in l'Isle d'Abeau, near Lyon, France. Headquartered in Switzerland and listed on the SIX Swiss Exchange , Holcim Group holds leading positions in all regions across

1155-490: The world. Aggregate Industries' board is chaired by a representative from Holcim. Other members comprise the Chief Executive Officer, Chief Financial Officer/Deputy Chief Executive and a Non Executive Director. The board oversees performance and ensures that Aggregate Industries complies with the principles of good corporate governance. Strategy formulation, operational management, performance monitoring and

1190-445: Was appointed as the new CEO of LafargeHolcim Group. In March 2018, Jan Jenisch announced a new strategy, Strategy 2022 – ‘Building for Growth’, which aims to drive profitable growth and simplify the business to deliver resilient returns and attractive value to stakeholders. In May 2018, LafargeHolcim announced the next steps in the simplification of corporate organization. The corporate management positions in Switzerland will be moved to

1225-665: Was the market leader in cement production in Australia, Azerbaijan, India, Slovakia, Switzerland, and Latin America. Holcim is headquartered in Zug , Switzerland, and holds interests in more than 70 countries worldwide. They employ over 63,000 people. Subsidiaries include St. Lawrence Cement (Canada), Aggregate Industries (the UK), and Holcim Apasco (Mexico). The company's products include cement, clinker, concrete, lime, aggregates, and roofing materials. They also offer consulting services, third-party research and development, and land waste management services. Their largest business segment

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