St. Marys, McInnis Cement pursue joint venture

Sources: Caisse de dépôt et placement du Québec, Montreal; CP staff The parent companies of St. Marys Cement Inc., Toronto, and McInnis Cement Inc., Montreal plan to combine their production and distribution assets serving Canada and United States markets from the Atlantic seaboard to the Great Lakes. With respective stakes split 83 percent and 17 percent, their joint venture will…

Read More

Precast owns up to Cuomo Bridge joint venture’s expectations

The final span of the Governor Mario M. Cuomo Bridge opened last month, linking New York and New Jersey over the Hudson River and succeeding the Tappan Zee Bridge. The New York State Thruway Authority, in partnership with the Fluor Corp.-led joint venture of Tappan Zee Constructors, LLC (TZC) replaced the old steel trestle-style structure with a 3.1-mile, twin-span bridge between Westchester and Rockland counties. The cable-stayed main span is supported by eight 419-ft. towers, which stand at 5-degree angles and feature a sleek, chamfered design. The towers support 192 stay cables, embodying nearly 5,000 miles of steel strand.

Read More

Automated truck transmissions drive Eaton, Cummins joint venture

Sources: Eaton Corp., Cleveland; Cummins Inc., Columbus, Ind.; CP staff

Eaton Cummins Automated Transmission Technologies is a new joint venture targeting the global heavy- and medium-duty commercial vehicle market. Eaton and Cummins will hold 50/50 stakes in the entity, whose formation is subject to regulatory approvals and customary closing conditions, but anticipated during the third quarter of 2017.

Read More

Oldcastle Precast forms modular building systems joint venture

Sources: Oldcastle Precast, Atlanta; CP staff

Oldcastle Precast and Module X Solutions will manufacture protective modular buildings for the telecommunications, petrochemical, oil and gas, fiber regeneration, and solar industries. A joint venture, Module X Oldcastle LLC, will be based at a 750,000-sq.-ft. operation in Shreveport, La.

Read More

$110M lignin line stands to stabilize supply of key water reducer ingredient

Sources: Rayonier Advanced Materials, Jacksonville, Fla.; Borregaard ASA, Sarpsborg, Norway; CP staff

Rayonier and Borregaard have effected a letter of intent to develop a 150,000 metric ton capacity production line for lignin, a cellulose-derived raw material where global supply and demand imbalance invites price spikes of products including concrete admixtures. The 45/55 joint venture will be based at the Fernandina Beach, Fla., cellulose fiber processing plant of minority partner Rayonier.

Read More