Summit Materials investors eye $375M from initial public offering

Sources: CP staff; Summit Materials LLC, Denver; Renaissance Capital LLC, Greenwich, Conn.

Trading of the newest major operator with U.S. concrete, cement and aggregate production, Summit Materials, has commenced on the New York Stock Exchange, as CEO Tom Hill rang the March 12 Opening Bell. After a requisite quiet period since a mid-December Securities and Exchange Commission filing, Summit Materials sponsors offered 22.2 million shares at $18/share.

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Cement companies dominate 2014 EPA Energy Star manufacturing roster

Sources: CP staff; Environmental Protection Agency

Twenty-seven portland cement mills and grinding operations are among 70 manufacturing sites to achieve EPA Energy Star certification for superior performance last year. Through energy management and efficiency initiatives, agency officials note, the entire group reduced greenhouse gas emissions by more than 8 million metric tons and cut power expenditures $725 million.

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Lafarge’s Buffenbarger chairs Concrete Joint Sustainability Initiative

Source: American Concrete Institute, Farmington Hills, Mich.; CP staff

A coalition of industry institutes and associations representing individuals and companies that design, fabricate, construct, or maintain concrete structures, the Concrete Joint Sustainability Initiative (CJSI) has appointed Lafarge Construction Specialist Julie Buffenbarger as chair, plus Portland Cement Association CEO James Toscas and ACI Director of Sustainability and Marketing Kevin Mlutkowski as vice chairs, focusing on advocacy and operations, respectively.

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OSHA convenes stakeholders for crane operator certification review

Sources: Occupational Safety and Health Administration; Jackson Lewis P.C., Reston, Va.; CP staff

The Advisory Committee on Construction Safety and Health (ACCSH) will meet March 31-April 1 at the Department of Labor’s Washington, D.C., headquarters to weigh in on a proposed revision of operator qualification requirements in the OSHA Cranes and Derricks in Construction Standard.

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