+
Holcim Reports 7.8% Increase in Q1 Operating Profit
ECONOMY & POLICY

Holcim Reports 7.8% Increase in Q1 Operating Profit

Holcim, one of the world's leading suppliers of cement and aggregates, has reported a 7.8% increase in its operating profit for the first quarter of 2024. The company's robust performance comes amidst a challenging global economic landscape, demonstrating its resilience and adaptability.

The rise in operating profit reflects Holcim's strategic initiatives aimed at enhancing operational efficiency, driving innovation, and capturing growth opportunities across its key markets. Despite facing headwinds such as supply chain disruptions and inflationary pressures, Holcim's proactive approach has enabled it to deliver solid financial results.

Key factors contributing to Holcim's positive performance include strong demand for construction materials, particularly in emerging markets, as infrastructure development continues to be a priority for many countries. Additionally, Holcim's focus on sustainable practices and green building solutions has resonated with customers seeking environmentally friendly options.

Furthermore, Holcim's ongoing digital transformation efforts have enhanced its agility and responsiveness, allowing the company to better meet customer needs and optimize its operations. By leveraging technology and data analytics, Holcim has been able to streamline processes, improve productivity, and drive cost efficiencies across its value chain.

Looking ahead, Holcim remains cautiously optimistic about its outlook for the remainder of the year, despite uncertainties surrounding the global economic recovery and geopolitical developments. The company remains committed to its strategic priorities of delivering sustainable value for its stakeholders while contributing to the advancement of the construction industry.

In summary, Holcim's strong performance in the first quarter underscores its resilience, agility, and commitment to driving sustainable growth. With a focus on innovation, efficiency, and sustainability, Holcim is well-positioned to navigate the evolving business landscape and capture opportunities for long-term success.

Holcim, one of the world's leading suppliers of cement and aggregates, has reported a 7.8% increase in its operating profit for the first quarter of 2024. The company's robust performance comes amidst a challenging global economic landscape, demonstrating its resilience and adaptability. The rise in operating profit reflects Holcim's strategic initiatives aimed at enhancing operational efficiency, driving innovation, and capturing growth opportunities across its key markets. Despite facing headwinds such as supply chain disruptions and inflationary pressures, Holcim's proactive approach has enabled it to deliver solid financial results. Key factors contributing to Holcim's positive performance include strong demand for construction materials, particularly in emerging markets, as infrastructure development continues to be a priority for many countries. Additionally, Holcim's focus on sustainable practices and green building solutions has resonated with customers seeking environmentally friendly options. Furthermore, Holcim's ongoing digital transformation efforts have enhanced its agility and responsiveness, allowing the company to better meet customer needs and optimize its operations. By leveraging technology and data analytics, Holcim has been able to streamline processes, improve productivity, and drive cost efficiencies across its value chain. Looking ahead, Holcim remains cautiously optimistic about its outlook for the remainder of the year, despite uncertainties surrounding the global economic recovery and geopolitical developments. The company remains committed to its strategic priorities of delivering sustainable value for its stakeholders while contributing to the advancement of the construction industry. In summary, Holcim's strong performance in the first quarter underscores its resilience, agility, and commitment to driving sustainable growth. With a focus on innovation, efficiency, and sustainability, Holcim is well-positioned to navigate the evolving business landscape and capture opportunities for long-term success.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?