Demand expectations led Lhoist Group to increase production and distribution in North America
In May 2020, Lhoist increased North American lime production by introducing a more energy efficient vertical kiln. Later in November, the company announced a new distribution center for dolomitic quicklime in Tennessee. At the time, the company cited growing demand for steel and construction as reasons for expansion. The recent passing of the US Bipartisan Infrastructure Bill will likely increase demand for both in the coming years.
Balance Sheet|New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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