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LafargeHolcim

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LafargeHolcim
NameLafargeHolcim
TypePublic
Traded asSIX: LHN, Euronext: LHN
IndustryBuilding materials
Founded2015
FounderLafarge and Holcim
HeadquartersJona, Switzerland
Key peopleJan Jenisch, Olivier Pierson

LafargeHolcim is a leading global building materials company, resulting from the merger of Lafarge and Holcim in 2015, with a rich history dating back to the 19th century, involving companies like Italcementi and Cementos Bio Bio. The company's formation was a significant event in the construction industry, with BASF, Saint-Gobain, and Vinci SA being major players. LafargeHolcim's global presence spans across over 80 countries, with a strong network of HeidelbergCement, Cemex, and Buzzi Unicem. The company's operations are supported by its partnerships with Sika AG, Imerys, and Knauf.

● History

The history of LafargeHolcim dates back to 1833, when Lafarge was founded in Le Teil, France, by Joseph-Auguste Pavin de Lafarge. Over the years, the company underwent significant transformations, including the acquisition of Orascom Construction Industries and Blue Circle Industries. In 2015, Lafarge and Holcim merged to form LafargeHolcim, with Beat Hess as its first CEO. The company's evolution has been marked by significant events, including the appointment of Eric Olsen as CEO in 2015, and the election of Paul Desmarais Jr. as Chairman of the Board of Directors. LafargeHolcim has also been involved in various projects, such as the construction of the Gotthard Base Tunnel in Switzerland, and the development of sustainable cement products with Fives Group, ThyssenKrupp, and Outotec.

● Products and Services

LafargeHolcim offers a wide range of products and services, including cement, aggregates, ready-mix concrete, and asphalt. The company's product portfolio includes specialty cement products, such as Sulphate-resistant cement and White cement, developed in collaboration with BASF, Dow Inc., and Evonik Industries. LafargeHolcim also provides solutions for infrastructure projects, such as roads, bridges, and airports, working with companies like Bechtel Group, Fluor Corporation, and Jacobs Engineering. The company's services include technical support, training, and consulting, provided in partnership with institutions like MIT, UC Berkeley, and EPFL.

● Operations

LafargeHolcim operates in over 80 countries, with a strong presence in regions like North America, Europe, and Asia. The company's operations are organized into four regions: Europe, North America, Latin America, and Asia Pacific. LafargeHolcim has a significant network of plants, quarries, and distribution centers, with partnerships with companies like Kuehne + Nagel, DB Schenker, and Maersk Group. The company's logistics and supply chain management are supported by technology from SAP SE, Oracle Corporation, and Microsoft.

● Sustainability and Environmental Efforts

LafargeHolcim is committed to sustainability and environmental protection, with a focus on reducing its carbon footprint and conserving natural resources. The company has set targets to reduce its CO2 emissions and water consumption, in line with the United Nations SDGs, and the Paris Agreement. LafargeHolcim has also developed sustainable products and solutions, such as low-carbon cement and recycled aggregates, in collaboration with research institutions like CERN, CERN, and NREL. The company's sustainability efforts are recognized by organizations like the WBCSD, ICC, and GRI.

● Financial Performance

LafargeHolcim's financial performance is strong, with revenue of over CHF 25 billion in 2020. The company's net income was CHF 1.4 billion in 2020, with a ROE of 10.3%. LafargeHolcim's financial results are audited by PwC, and the company is listed on the SIX and Euronext stock exchanges. The company's financial performance is influenced by market trends in the construction industry, with companies like Vinci SA, Bouygues, and Ferrovial being major players.

● Corporate Governance and Leadership

LafargeHolcim's corporate governance is based on a dual-board structure, with a Board of Directors and an Executive Committee. The company's leadership is headed by Jan Jenisch, who has been CEO since 2017. The Board of Directors is chaired by Beat Hess, who has been a member of the board since 2015. LafargeHolcim's corporate governance is guided by the Swiss Code of Best Practice for Corporate Governance, and the company is a member of the ECGI. The company's leadership is committed to transparency and accountability, with reporting to institutions like the FINMA, and the AMF. Category:Building materials companies

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