LafargeHolcim looks downstream of core business in Strategy 2022

Sources: LafargeHolcim Ltd., Zurich; CP staff

Coupled with the release of 2017 financials showing moderate year-over-year sales and EBITDA (earnings before interest, taxes, depreciation and amortization) gains, LafargeHolcim outlined a five-year plan to drive profitable growth and simplify the business to deliver resilient returns and attractive value to stakeholders. Strategy 2022 – Building for Growth targets annual net sales growth of 3 to 5 percent and recurring EBITDA of at least 5 percent, and is based on four value drivers:

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Construction market prospects pique investor’s interest in Chryso Group

Sources: Cinven Partners LLP, London; Chryso Group, Issy-les-Moulineaux, France; CP staff

An international private equity firm with a Europe-centric portfolio, Cinven has entered negotiations to acquire concrete, cement and construction chemical specialist Chryso Group based outside Paris. The business encompasses 29 manufacturing facilities, four research & development centers and 1,100-plus employees across Chryso Inc. in Rockwall, Texas, and sister operations world wide.

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McInnis Cement sites first U.S. terminal at Port of Providence

The terminal encompasses an existing ProvPort warehouse, which McInnis Cement aims to transform into a world-class receiving and storing facility. The company will also build a modern rail and truck station to load up to 100 tankers and 10 railcars daily.

Rhode Island and Providence officials joined McInnis Cement executives for an early-August groundbreaking at the deep-water Port of Providence, where the producer is building a 30,000-plus ton capacity terminal linked to its Port-Daniel-Gascons mill under construction in eastern Quebec. The $22 million storage and loading facility is positioned to supply much of the New England construction market, especially in Rhode Island, Connecticut and Massachusetts.

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Utility structures help precast shipments outpace overall 2013 construction market

NS-Precast-150

Reflecting input from more than 60 producers operating 200-plus plants, the National Precast Concrete Association’s recent Precast Industry Benchmarking Survey indicates 2013 shipments increased 5.2 percent over the prior year, to $16.2 billion—encompassing an estimated 33 million yd. of concrete output and 11 million tons of cement consumption.

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