Holcim US plans to invest US$100m to expand its Ste. Genevieve plant’s cement capacity by 15 per cent to 4.6Mt per year. The investment will cover installation of a fifth vertical roller mill (VRM) for cement grinding, a new mineral component addition system along with a rail-loadout expansion. The company claims the new expanded plant will have lower net CO2 emission than before and its construction will begin in 2024.
In another development, the Switzerland-based conglomerate has finalised the deal to acquire Elite Cementos from Grupo Simetria and other shareholders in order to expand its foothold in the Port of Castellon region of the Castellon de la plana, Valencia, along with increasing their grinding capacity. Holcim reportedly said that its acquisition of the business comes with the advantage of the latter’s local brand recognition with its own experience and sustainable growth vision.
The group reportedly also expressed that ‘with this agreement Holcim will be able to respond to the increasingly demanding and specialized needs of the sector. The Elite Cementos team joins the Holcim family to continue together an era of growth and transformation of the construction sector.’