Cement maker Holnam becomes Holcim

Tuesday, January 15, 2002

Business Today

Holnam Inc., one of the nation's largest cement manufacturers, has announced that it has changed its name to Holcim (US) Inc., effective immediately.

The move to a new name is not the result of an ownership change or corporate restructuring. The new identity aligns the company with its corporate parent, originally Holderbank Financiere Glaris Ltd., which changed its name to Holcim Ltd. earlier this year.

The name Holcim combines "Hol," which derives from the original Holderbank name, and "cim" from ciment, the French word for cement and the company's core product.

The conversion by Holcim Ltd. recognizes the advantages of a strong global brand in an industry that is increasingly competitive. It also establishes a framework to leverage the synergies that can be realized by its group companies under one overarching brand.

"We're proud to adopt this new brand identity," said Paul Yhouse, Holcim Inc. president and CEO, "and I'm pleased that our worldwide organization will be united and operating under a common name and brand. It's a significant step in a process designed to move the Holcim organization from a worldwide group of companies to a unified worldwide group."

Holcim (US) Inc. is one of the nation's leading manufacturers and suppliers of cement and mineral components. The company operates 15 manufacturing plants and more than 70 distribution facilities in the United States, and is awaiting permits for a new facility in the Ste. Genevieve County area.

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