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On January 10, 2010, Holcim Vietnam signed a contract with a Chinese contractor to construct a heat recycling power plant at their Hon Chong Cement Plant. The contract, valued at US$9 million, will allow for the construction of 6.3MW plant that will use excess heat from the cement kilns to operate. China’s Sinoma Energy will equip [...] Recently Holcim installed a complex of solar panels at its plant in Penrose, Colorado, making the Swiss company the first to use solar energy to power a cement plant in the United States. The complex consists of 528 panels arranged in an area approximately 65% of an acre. The panels are rated at 100.32 kilowatts and [...] Yesterday, while Lafarge was announcing a 750 million Euro bond issue to solidify its short term dept, Holcim was suprrising many in the industry by announcing an acquisition of Cemex assets in Austrialia for a significant 1.6 billion dollars. Analysts characterized the deal as “too good to pass up” for Holcim. Still, in the current business [...] |
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