Construction Industry News
It is as puzzling as it is daring that MNC should pull the plug on building materials manufacturing in a country where 10-15 million families still live in kutcha and semi-pucca houses with clay, wood or bamboo floors. Although Jan Jenisch, CEO of Holcim, realized that cement and climate are becoming increasingly incompatible.
Holcim's founders, the Swiss Schmidheiny family, were unable to escape a controversy over Italian asbestos manufacturer Eternit Genova, which was responsible for the deaths of more than 2,000 people allegedly exposed to the toxic substance.
Stephan Schmidheiny, the main shareholder of Eternit Genova, was found guilty by a court in Turin in 2012 of refusing to implement asbestos prevention measures that would have protected workers and residents.
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