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Media Release Business Year 2008
- In the fourth quarter of 2008, the contracting construction industry worsened rapidly in a number of markets
- Higher costs for energy and other inputs as well as unfavorable currency effects impacted the income statement negatively
- Swift capacity adjustments based on demand development; two additional plants mothballed in the US
- Decisive cutback of fixed costs at Group and Group company level
- Balance sheet remains strong with a high level of liquidity
- Payout ratio remains unchanged; dividend will be distributed in shares which are entitled to a dividend for the full year 2009
- Stimulus programs will support the construction industry and the sector will particularly benefit from an economic upswing
Key figures Holcim GroupHolcim (Singapore) partners up with ecoWise to establish Geocycle Singapore
Geocycle Singapore Pte Ltd ("Geocycle Singapore") held the official opening ceremony for its new facility, the largest waste copper slag processing plant in Singapore. Dr Mohamad Maliki Bin Osman, Parliamentary Secretary for National Development was Guest-of-Honour for the event.
Geocycle Singapore is a 50-50 joint venture between Holcim (Singapore) and ecoWise Holdings Limited. ecoWise Holdings Limited is a Singapore-based integrated environmental solutions provider listed on the Mainboard of the Singapore Exchange Limited.
Prof Wallbaum encourages to reuse concrete for sustainable construction
Assistant Professor Holger Wallbaum, chairman of sustainable construction at the Swiss Federal Institute of Technology Zurich, is presenting at Our World of Concrete & Structures 2008 in Singapore on 25-27 August and promotes sustainability in the Singapore concrete industry. Prof Wallbaum told my paper that concrete and cement production contribute significantly to global emissions of carbon dioxide, which is a greenhouse gas. He recommends that developers could consider using recycled concrete or cement substitutes so that buildings could become green and ecologically sound in the construction phase.
