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How LafargeHolcim’s agg business fared in 2020

By |  March 2, 2021

Logo: LafargeHolcim

North American aggregate sales slipped last year at LafargeHolcim, which reports a 4.9 percent tonnage decrease compared with 2019.

2020 cement (down 4.8 percent) and ready-mixed concrete sales (down 1.3 percent) also slipped in North America at LafargeHolcim.

LafargeHolcim notes that North America showed strong improvement in EBIT (earnings before interest and taxes) margin. Volumes were recovered across all of its business segments in the fourth quarter, which was supported by price management and the execution of the company’s “Health, Cost & Cash” action plan.

“2020 was an unprecedented year for everyone, challenging us to be more resilient while stepping up to take care of those around us,” says Jan Jenisch, LafargeHolcim CEO.

“This crisis has really proven the resilience of our strategy and business model,” Jenisch adds. “By [the fourth quarter] we were back to growth, with a 1.5 percent increase in net sales and over-proportional recurring EBIT of 14.1 percent. We are emerging stronger from the crisis, reaching a new level of financial performance this year.”

According to Jenisch, LafargeHolcim completed eight bolt-on acquisitions in 2020 and signed an agreement to acquire Firestone Building Products, which provides flat-roofing systems in the U.S.

“We are going into 2021 with strong momentum,” Jenisch says.


Featured photo: P&Q Staff

Kevin Yanik

About the Author:

Kevin Yanik is the editor-in-chief of Pit & Quarry magazine. Yanik can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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