Holcim gauges cement, aggregate asset traction on Wall Street

Sources: CP staff; Holcim Ltd., Zug, Switzerland The Holcim Ltd. announcement of a plan to spin off its U.S. and Canadian operations into a separate, publicly traded entity coincides with investor interest in construction materials  production assets at its highest level in generations. A business encompassing Holcim North America holdings is poised to emerge on the heels of record or near-record valuations…

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Holcim outlines North American business spin off plan 

Sources: Holcim Ltd., Zug, Switzerland; CP staff With an eye to unlocking North American asset value, Holcim Ltd. plans a 2025 spin off of its namesake US and Building Envelope plus Lafarge Canada Inc. operations, the new entity likely listed on the New York Stock Exchange. Across 850-plus sites and a payroll north of 16,000, the three businesses hold top…

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Producers – June 2023

The board of North Dakota-based MDU Resources Group closed May with a distribution of Knife River Holding Co. shares, finalizing a 10-month spinoff process of the concrete, aggregate, cement distribution and construction business from the utilities operator flagship. MDU Resources and Knife River are now independent, New York Stock Exchange-traded companies with distinct investment identities, business operations, customers and geographic…

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Holcim lands 175K-250K tpy ash management contract in Kentucky

Sources: Holcim (US) Inc., Chicago; CP staff Holcim (US) subsidiary Geocycle LLC has entered a multi-year contract with Louisville Gas and Electric (LG&E) Co. and Kentucky Utilities (KU) to process and market fly ash from their Mill Creek, Ghent and Trimble County generating stations. It calls for annual volume of 175,000 to 250,000 tons of concrete-grade ash, delivered by truck,…

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Chaney Enterprises extends north in Holcim ready mixed plant deal

Sources: Chaney Enterprises, Gambrills, Md.; CP staff Chaney Enterprises has acquired the assets of a Holcim US ready mixed concrete plant in Joppatowne, Md. and retained front line employees. The location stretches the producer’s service market up the Interstate 95 corridor north of Baltimore. It also coincides with a Virginia market expansion, which has seen Chaney Enterprises acquire three ready mixed…

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Holcim, Baker, Amazon craft carbon-wise, data center concrete schedules

Sources: Holcim US, Chicago; CP staff Amazon Web Services has approved Holcim ECOPact concrete mixes for a series of northern Virginia data centers in which Baker Concrete Construction or HITT Contracting will perform slab and structural work. The specification abides a new AWS standard for such facilities built in the U.S., whereby mix designs’ embodied carbon metrics are at least…

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Holcim brings Lattimore, sister Texas brands under corporate banner

Sources: Holcim US, Chicago; CP staff Holcim US will unite its Texas brands—Lattimore Materials, Tarrant Concrete, Colorado River Concrete—under the Holcim banner, alongside the producer’s Midlothian cement plant south of the Dallas-Ft. Worth metroplex. The regional rebrand will advance “big ideas and innovations to build progress for people in the Lone Star State,” yet maintain the existing teams and products…

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Holcim to put electric powertrains to the test in South Central fleet

Sources: CP staff; Holcim US, Chicago; Hyliion Holdings Corp., Austin, Texas Holcim US has spec’ed Hyliion Hypertruck ERX electric powertrains for 10 trucks serving Texas and Oklahoma cement and concrete operations, plus sister roofing product businesses. Batteries powering the Hypertruck ERX draw from an onboard generator running on compressed natural gas (CNG) or renewable natural gas (RNG), consumption of which…

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Holcim extends Louisiana presence with Cajun Ready Mix deal

Sources: Holcim Ltd., Zug, Switzerland; CP staff Holcim has acquired Cajun Ready Mix Concrete, which leads the Baton Rouge, La. market with eight plants and 51-mixer truck fleet. The business is strategic to Lafarge ready mixed operations in New Orleans and becomes the latest bolt-on under Holcim’s Aggregates & Construction Materials U.S. umbrella.

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GE unit, Holcim advance wind turbine pedestal base investigation

Sources: GE Renewable Energy, Paris; CP staff GE Renewable Energy has inaugurated a Bergen, N.Y. research and development facility equipped to cast up to 20-meter wind turbine base structures with outsized 3D concrete printers. It will enable a 20-member team to optimize such concrete practice with an eye to printing turbine pedestals’ bottom portions on-site, lowering material and equipment transportation…

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