Holcim withdraws from Russia
The building materials group Holcim is ceasing its business activities in Russia. This decision by the Board of Directors follows an earlier decision by Holcim to suspend all capital investments in the Russian market.
The Board of Directors of Holcim has decided to initiate the process of exiting the Russian market. According to a statement from the Zug-based building materials group, this is in line with the company’s values, which aim to act as responsibly as possible. This decision follows an earlier decision to halt all capital investments in the Russian market.
The panel expresses its “deep concern at the tragic human suffering in the region”. Holcim is “determined to support the affected people, families and communities”.
In addition, the Board of Directors would like to expressly thank all colleagues who work alongside local non-governmental organizations worldwide to provide accommodation, essential goods and medical care and who volunteer their time.