Displaying items by tag: Argentina

Argentina: Holcim Argentina has paid US$28.5m to acquire Tensolite, a producer and supplier of precast and prestressed concrete products such as concrete blocks, fences, tiles and paving stones. This move aims to diversify its domestic product portfolio in response to the ‘significant’ decline in local cement dispatches.

The acquisition is valued at US$28.5m, according to The National Securities Commission has reported that Holcim will pay US$19m upon closure of the transaction and another US$6.65m 12 months thereafter. The remaining US$2.85m will be due in five equal annual instalments.

Christian Dedeu, CEO of Holcim Argentina, said “In March, we recorded a 40% year-on-year drop in dispatches, according to the Portland Cement Manufacturers Association. The decision to expand our product range is key to mitigating the sharp drop in sales.”

The deal includes integrating two precast and prestressed concrete plants located in Los Pocitos (Tucuman) and Río Segundo (Córdoba), and adding over 150 employees to Holcim Argentina's workforce. The acquired plants have a total production capacity of 12m concrete blocks per year and 14Mm/yr of concrete beams. Holcim aims for 30% of its revenue to come from non-cement construction services by 2025.

Argentina: Holcim Argentina has launched a new line of liquid additives under the brand Tector. The line encompasses two products: Tector Hydrophobic 1230 reduces permeability in cementitious mortars, improving workability and corrosion resistance, while Tector Latex 1700 enhances adhesion, flexibility and plasticity in various applications, reducing surface cracking and flaking.

Argentina: Holcim Argentina has commissioned its new 120,000t/yr mortar plant at its Malagueño cement plant in Córdoba. The plant cost US$5m to build. It is equipped with six 100t raw material silos and eight 1t additive silos. It also has a 2000l mixer, three packing machines and an automated palletiser. Holcim Argentina says that the plant will produce its Tector Adhesive and Tector Revoques ranges of mortar.

Holcim Argentina CEO Christian Dedeu said “This new plant is aligned with our purpose of generating progress for people and the planet, accompanied by a diversification of our product portfolio. It consolidates us as the leading company in innovative solutions for construction.”

Argentina: ECOPact reduced-CO₂ concrete accounted for 50% of Holcim Argentina’s cement deliveries at the end of the first half of 2022, a higher share than in any other country apart from the UK. Holcim launched ECOPact concrete across its markets in June 2021. Holcim Argentina plans to execute new investments to further increase its distribution of the product.

The company’s head of concrete José Villacreses said “We have set ourselves even more challenging goals. We will be the undisputed ally for sustainable projects throughout Argentina. Whoever wants to measure their carbon footprint to offer sustainable construction will find in Holcim the necessary solution to be able to achieve the certifications that society demands today.”