Sources: Wells Concrete, Albany, Minn.; CP staff Wells Concrete, the fifth largest precast, prestressed producer in the U.S., has acquired Waukesha, Wis.-based peer Spancrete. With more than 125 years of combined industry experience, principals note, the partnership aligns two companies dedicated to innovation.
Read MoreDay: December 14, 2020
Revised ACI benchmark factors internal curing, recycled aggregates, SCC, MOE
Sources: American Concrete Institute, Farmington Hills, Mich.; CP staff The American Concrete Institute has expanded the scope of ACI 301-20, Specifications for Concrete Construction, to include internal curing, mineral fillers and recycled aggregates, along with evaluation requirements for elements cast with self-consolidating mixes and structures with defined modulus of elasticity requirements. Compliance details throughout the document have been updated to…
Read MoreLafargeHolcim ties bond yield to carbon performance in financing first
Sources: LafargeHolcim Ltd., Zurich; CP staff LafargeHolcim is breaking new ground in financing instruments among heavy building materials operators. Investors in its 850 million-euro ($1.03 billion) sustainability-linked bond will earn a higher coupon upon 2031 maturity should the producer not meet a primary objective—cutting net carbon dioxide emissions per ton of cementitious material output—by the end of the decade.
Read MoreSt. 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…
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