Released May 23, 2022 | new delhi
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Recently, one of the world's largest cement players, Holcim (Zug, Switzerland), made an agreement to sell its Indian assets to Adani Group (Ahmedabad, India), raising the question, why is Holcim exiting India's lucrative construction sector? The answer: carbon emissions reduction goals.
Holcim's clinker assets in India are 20 to 30 years old. Most of these plants are in major need of strategic investment to cut down on operational and energy costs and in the process to reduce carbon emissions. For Holcim to meet its near-term carbon reduction goals, the plants would have required major upgrades and investment in a relatively short period of time.
With its Indian operations off the table, Holcim can reduce its carbon footprint without having to invest in aging plants.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
Holcim's clinker assets in India are 20 to 30 years old. Most of these plants are in major need of strategic investment to cut down on operational and energy costs and in the process to reduce carbon emissions. For Holcim to meet its near-term carbon reduction goals, the plants would have required major upgrades and investment in a relatively short period of time.
With its Indian operations off the table, Holcim can reduce its carbon footprint without having to invest in aging plants.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
