Sources: McInnis Cement, Montreal; CP staff
A $500 million private capital refinancing positions McInnis Cement to continue ramping up terminal and rail distribution infrastructure throughout the Northeast. Outlays for 2019-20 adhere a market development plan attending the producer’s 2017 dedication of a 2 million-plus ton/year greenfield plant on the eastern reaches of Quebec.
Read MoreSources: McInnis Cement, Montreal; CP staff
New York City Council and community organization representatives recently joined McInnis Cement officials for a formal opening of the producer’s 44,000-metric ton (mt) capacity terminal in the Bronx—the first new industrial maritime project built on the borough’s south waterfront since the 1960s.
Read MoreSources: McInnis Cement, Montreal; CP staff
Work is underway at the New York City terminal of McInnis Cement, whose eastern Quebec mill is nearing production and positioned to supply markets from the Mid-Atlantic to the Great Lakes. Remediated from its days as an illegal city dump, the south Bronx parcel along the East River is part of a network of terminals McInnis is siting for their access to efficient waterways and potential to minimize customers’ tanker truck miles.
Read MoreQuebec Premier Pauline Marois joined business leaders January 31 to outline a financial structure enabling McInnis Cement, an export-driven start up headed by industry veterans, to commence Spring 2014 construction of a plant and marine terminal with ultimate capacity toward 2.5 million tonnes/year.
Read MoreFactoring a modest increase in construction costs, the American Road & Transportation Builders Association (ARTBA) projects that the overall U.S. transportation infrastructure construction market will grow 5 percent this year, to $135.8 billion from $129 billion in 2013.
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