Sources: CarbonBuilt, Los Angeles; CP staff Manufactured-concrete technology developer CarbonBuilt has entered into a carbon removal purchase agreement with Shopify Inc., Ottawa-based provider of essential internet infrastructure for commerce. Anchoring the agreement are 5,200 metric tonnes of carbon dioxide that will be sequestered in concrete masonry units molded and finished in plants equipped for the CarbonBuilt Reversa process. The purchase…
Read MoreMonth: March 2022
CarbiCrete secures $12 million upon venture capital phase arrival
Sources: CarbiCrete, Montreal; CP staff CarbiCrete, developer of a mix design and curing methodology capturing up to 150 kg (330 lbs.) of carbon dioxide emissions for every metric ton of manufactured concrete produced, has secured $12 million at the first close of its Series A financing round, with a second close anticipated in the coming weeks. Round leader FS Investors,…
Read MoreCRH to book $3.45B in Oldcastle BuildingEnvelope sale
Sources: CRH Plc, Dublin; CP staff CRH continues to streamline its North American portfolio around cement, aggregates, concrete and asphalt production assets. The company recently announced an agreement to sell its California-based Oldcastle BuildingEnvelope business to KPS Capital Partners, a New York private equity firm. The deal includes a $3.45 billion cash payment, plus transfer of $335 million in lease…
Read MoreMartin Marietta, SRM Concrete ink Colorado, Texas plant deal
Sources: Martin Marietta Materials Inc., Raleigh, N.C.; CP staff Martin Marietta Materials projects a March 31 closing for the sale of an unspecified number of central Texas and Colorado ready mixed concrete operations to Smyrna Ready Mix Concrete LLC. Martin Marietta has legacy ready mixed plants in San Antonio, with additional central Texas sites added in 2014 as part of…
Read MoreCement, concrete producers outpace SEC rule requirements
Sources: U.S. Securities and Exchange Commission; CP staff Environmental Protection Agency reporting measures and market mechanisms like the U.S. Green Building Council LEED rating system could position publicly traded portland cement and concrete producers for seamless compliance with a proposed Securities and Exchange Commission rule on greenhouse gas (GHG) emissions and global warming risk disclosures. Dubbed “Enhancement and Standardization of…
Read MoreCemex Ventures, nine partners open Construction Startup Competition
Sources: Cemex Ventures, Monterrey, Mexico; CP staff The corporate venture capital and innovation unit of Cemex S.A.B de C.V. invites participants in the sixth Construction Startup Competition—the biggest such program for the global construction industry. Open to businesses in their early stages up to their commercialization phase, the Cemex Ventures competition suits entrepreneurs who wish to knock on the doors…
Read MoreW.R. Meadows adds waterproofing lines in Gemite deal
Sources: Gemite Products, Mississauga, Ontario; CP staff Concrete protection materials specialist W.R. Meadows Inc. has extended its waterproofing and restoration offerings with the acquisition of Gemite Products. A family-owned operator based in Hampshire, Ill., W.R. Meadows has served as exclusive Gemite distributor in Canada and U.S. regions outside the East Coast for 20-plus years. Gemite Products was founded more than…
Read MoreOSHA rules on fatality involving powered mixer drum work
Sources: Occupational Safety and Health Administration; CP staff OSHA has proposed $43,500 in penalties after determining that a Northeast ready mixed concrete producer could have prevented a worker from suffering fatal injuries during an October 2021 mixer truck repair. As the worker attempted to secure a fabricated plate near the discharge chute, the mixer drum began to turn and the…
Read MoreQuikrete closes on Forterra, creating pipe and precast powerhouse
Sources: Quikrete Holdings Inc., Atlanta; CP staff Quikrete Holdings has acquired all outstanding Forterra Inc. shares and established the concrete pipe, drainage structure, structural precast and ductile iron pipe producer as a wholly owned subsidiary. The incoming assets significantly extend the drainage and short-span bridge market footprints of sister Quikrete businesses, Rinker Pipe and Contech Engineered Solutions, and bring a…
Read MoreBuzzi, Alamo sequence eight-mill migration to portland-limestone cement
Sources: Buzzi Unicem USA, Bethlehem, Pa.; CP staff Consistent with corporate environmental management and Portland Cement Association Roadmap to Carbon Neutrality goals, Buzzi Unicem USA and Alamo Cement Co. CEO Massimo Toso has announced a transition from ASTM C150 Types I and II portland cement production to C595 Type IL, or portland-limestone cement. “The conversion begins with our plants in…
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