Eagle Materials outlines proposed cement, wallboard business split

Sources: Eagle Materials Inc., Dallas; CP staff

A strategic portfolio review initiated in early April has spawned a board-approved plan to separate Eagle Materials’ principal businesses, portland cement and wallboard production, into independent, publicly traded corporations. The proposed separation is scheduled for completion during the first half of 2020, and will entail a tax-free spin-off of stock in Heavy Materials and Light Materials entities to Eagle shareholders.

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TRB 2019: Reduce portland cement content by optimizing gradation

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Materials are the critical component of durable transportation infrastructure, and as such got strong coverage at the 99th annual Transportation Research Board meeting earlier this year in Washington, D.C. There, some 12,000 delegates audited presentations in over 800 sessions, which addressed many aspects of transportation design, construction and policy, and encompassed infrastructure built with cast-in-place concrete.

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Ash Grove shareholders clear path for CRH acquisition

Sources: Ash Grove Cement Co., Overland Park, Kan.; CRH Plc, Dublin; CP staff

Shareholders controlling just over 63 percent of Ash Grove Cement voting stock have approved a $3.5 billion merger agreement with Oldcastle Inc. parent company CRH. The deal is projected for a late-2017 or early-2018 closing and will position Atlanta-based Oldcastle Materials as the number five U.S. portland cement producer, with 8 million-plus tons’ annual capacity, while strengthening its role among the top five aggregates and ready mixed concrete operators.

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Ash Grove elevates COO Vance to CEO; Sunderland remains chairman

Sources: Ash Grove Cement Co., Overland Park, Kan.; CP staff

Ash Grove President and Chief Operating Officer J. Randall Vance has been promoted to chief executive officer. He succeeds Charles Sunderland, who is part of the fourth generation of Sunderland family members to lead the company and remains chairman of the board.

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Argos’ art of the nine-figure deal

By Don Marsh

Colombia-based Argos S.A. demonstrates in its latest investment the credit facilities and drive to build multiple U.S. cement and concrete platforms, perhaps competing for acquisitions with expansion-minded peers on the order of Oldcastle Materials and Summit Materials.

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Capitol Aggregates logs first NRMCA-certified EPD for portland cement

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The National Ready Mixed Concrete Association has certified its inaugural Environmental Product Declaration (EPD) for cement in North America, covering ASTM C150 Types I and III, C595 Types IP and IL, and C91 Types N and S from Capitol Aggregates’ flagship mill in San Antonio, Texas. The EPD for Capitol Aggregates, a long-time NRMCA member serving the Texas market for nearly 60 years, follows a September 2015 milestone when the association certified its 2,000th concrete declaration. That watermark is by far the most of any building material or product category represented in EPDs targeted to new green building rating system requirements.

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Cement, fly ash producers commit 100-plus truckloads to CIM Auction pool

Sources: Concrete Industry Management National Steering Committee; CP staff

Cemex USA, Holcim (US) Inc., Lafarge North America, Lehigh Hanson Inc. and Titan America have each donated 10 truckloads of portland cement to the 10th annual CIM Auction, February 4 at the Las Vegas Convention Center—in conjunction with the 2015 World of Concrete.

 
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With NESHAP for portland cement settled, EPA turns to brick kiln emissions

Sources: Environmental Protection Agency; CP staff

In its latest round of national emission standards for hazardous air pollutants (NESHAP), EPA proposes lower limits for mercury and non-mercury metals, plus hydrogen and chlorine gases from clay brick tunnel (continuous curing) kilns, coupled with target startup and shutdown periods. The agency also envisions work practice standards for more specialized periodic kilns, which are heated up to 2,000° F, then left to cool for several days. Tunnel kilns are typically fired by natural gas or sawdust; periodic kilns, coal.

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