After a decade of unprecedented expansion in ready mixed and aggregate production, cement distribution and mixer truck manufacturing, Smyrna, Tenn.-based SRM Concrete has entered the plant control and fleet dispatch software arena, acquiring Jonel Engineering. With hardware and information technology solutions suiting ready mixed, precast and concrete masonry producers, the Fullerton, Calif. business will continue to operate independently under the…
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Auction delivers $2 million-plus for CIM programs
The National Steering Committee for the Concrete Industry Management program reports gross revenue of $2.15 million for its annual auction, held at the Las Vegas Convention Center in conjunction with the World of Concrete. Leading the late-January event’s top draws were mixer truck donations from Mack Trucks and Revolution Concrete Mixers as well as Peterbilt Motors and Con-Tech Mfg., plus…
Read MoreGlobal Climate Council certifies rebar giant Nucor’s carbon emissions reduction plan
A top player in concrete reinforcing steel production and fabrication has attained Global Steel Climate Council certification for a carbon dioxide emissions reduction plan covering hot rolled steel through 2030. Nucor Corp. eyes 0.975 metric tons of CO2 equivalent per metric ton of hot-rolled steel output by increasing the use of clean electricity, carbon capture and sequestration, and near-zero greenhouse…
Read MoreCharter investor secures controlling PB Materials stake
A fund of New York-based BPGC Management LP (BPG) has acquired a substantial majority stake in Odessa, Texas-based PB Materials Holdings Inc. from certain funds managed by WL Ross & Co. LLC. PBM serves west Texas and southeast New Mexico accounts through 12 ready mixed plants with a 120-mixer truck fleet delivering more than 750,000 cubic yards annually, as well…
Read MoreTitan America meets initial public offering target in Wall Street debut
Titan Cement International SA exceeded a $16 per share target for an initial public offering of its newly designated subsidiary Titan America SA, now listed on the New York Stock Exchange. Proceeds from a 24 million-share pool netted about $228 million for Brussels-based Titan Cement and $136 million for Titan America, where the capital can fund technology or growth investments…
Read MoreTitan Cement backs Concrete.ai and concrete recycling startup C2CA
Sources: Titan Cement International SA, Brussels; CP staff The parent company of Virginia-based cement, fly ash, aggregate, ready mixed and concrete block producer Titan America SA has announced an investment in Concrete.ai, Los Angeles developer of artificial intelligence and machine learning technology for mix design optimization, quality control and lowering carbon dioxide emissions associated with finished concrete. Combining Titan Cement’s…
Read MoreSEFA ash business sports Heidelberg Materials banner
South Carolina-based SEFA Group, the fly ash processing technology and marketing subsidiary of Heidelberg Materials North America, will operate with parent company branding effective this year. While the SEFA name continues to be associated with coal combustion residual beneficiation intellectual property, administrative, distribution and processing operations throughout Southeast and Mid-Atlantic markets will bear the Heidelberg Materials banner. “Two years ago,…
Read MoreHydroGraph researchers underscore graphene performance in concrete
HydroGraph Clean Power Inc., Ontario-based high purity graphene producer, has announced findings of its second research study in partnership with Arizona State University, highlighting potential advancements in extending the use of the company’s Fractal Graphene into cement and concrete applications. Co-authored by Chief Science Officer Ranjith Divigalpitiya, the study validates the potential of HydroGraph’s graphene in revolutionizing the construction industry,…
Read MoreMichigan utility hosts premier Ashcor U.S. harvesting project
Ashcor USA Inc. and Consumers Energy have entered an agreement to extract millions of tons of impounded coal ash from the J.H. Campbell Generating Complex in Port Holland, Mich. Over a projected 20-year schedule, Ashcor’s Reclaimed Ash Management (RAM) technology will transform stored volumes at the power facility into concrete-grade fly ash. The Michigan utility plans to retire the 2,000-acre…
Read MoreFMI survey confirms growing design-build delivery method uptake
Leading construction management and merger & acquisition consultant FMI Corp. projects the design-build delivery method accounting for 47 percent of construction spending by 2028, surpassing $1.1 trillion in total outlays over the next five years. Prepared for the Design-Build Institute of America (DBIA) in Washington, D.C., the FMI 2024 Design-Build Utilization Study spotlights these factors impacting architectural/engineering/construction stakeholders in the…
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