Home News Cement manufacturer Holcim is withdrawing from the Russian market

Cement manufacturer Holcim is withdrawing from the Russian market

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“Holcim’s board of directors has decided to start the process of leaving the Russian market, in line with the company’s values ​​of operating responsibly,” the Swiss company said in a press release.

Holcim added that the decision to sell its operations in Russia comes after an announcement made at the beginning of this one, according to which it will suspend all its capital investments on that market.

According to the annual report, operations in Russia accounted for about 1% of Holcim’s sales and operating profit in 2021. The Swiss company will now look for a buyer for these activities.

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Other major Swiss companies, such as the food giant Nestlé, the pharmaceutical group Novartis or Credit Suisse, have announced a partial suspension of their activities in Russia since the beginning of the war, but none have completely left the market.

Holcim (Romania) has been operating in the construction materials sector in Romania for over 20 years. The company owns two cement plants in Câmpulung and Aleşd, a grinding station, 19 ecological concrete stations, three aggregate stations, two special binder stations and three cement terminals in Bucharest, Turda and Roman.

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Holcim currently has approximately 800 employees in Romania. The Holcim Romania group of companies includes Somaco Prefabricate Group (which owns five prefabricated factories and one BCA plant) and Geocycle Romania (with three work points for pre-treatment of waste). In total, the Group has about 1,700 employees.

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