Holcim has signed an agreement with CSN (Companhia Siderúrgica Nacional) for the divestment of its business in Brazil for US$1.025 billion.
This divestment includesHolcim’s five integrated cement plants, four grinding stations, six aggregates sites and 19 ready-mix concrete facilities.
Holcim says the move strengthens its balance sheet, significantly reducing its debt ratio.
The company is to use the proceeds to invest in its solutions & products business, building on theFirestoneacquisition.
Holcim CEO Jan Jenisch says: “This divestment is another step in our transformation to become the global leader in innovative and sustainable building solutions giving us the flexibility to continue investing in attractive growth opportunities. We are pleased to have found a responsible buyer with CSN that will develop the Brazilian business over the long term.”
Elsewhere in Latin America, Holcim recently invested in an additional clinker line in Malagueno (Argentina), a new grinding station in Yucatan (Mexico) and in the continuous growth of its Disensa retail network. It also introduced its Firestone GacoFlex line in Mexico as the first step in developing its roofing systems business across the region.
