LafargeHolcim Implements Action Plan Regarding Coronavirus Pandemic
HOLCIM LTD UNSP/ADR (HCMLY)
NASDAQ:AMEX Investor Relations:
lafargeholcim.com/investor-relations
Company Research
Source: Business Wire
Execution of action plan “HEALTH, COST & CASH” in all countriesReduction of CAPEX by at least CHF 400 million compared to 2019Reduction in fixed cost by at least CHF 300 million in 2020Reduction of Net Working Capital at least in line with level of activityStrong liquidity of CHF 8 billion as of March 26, 2020Confirmation of Annual General Assembly on May 12, 2020 and confirmation of dividend proposal ZUG, Switzerland--(BUSINESS WIRE)--Regulatory News:Since the beginning of the Coronavirus pandemic, LafargeHolcim has taken the necessary measures to protect the health of its employees, customers, suppliers and other stakeholders. We are closely monitoring all markets according to the evolving situation and to the guidance provided by the authorities in each country.While the construction sector and construction sites are generally more resilient than other sectors, LafargeHolcim is now experiencing disruptions in operations in various countries. In China, the recovery of the constru
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