InterCement taps Wall Street with Big Board listing of Argentina’s Loma Negra

Sources: Loma Negra Cia Industria Argentina SA, Buenos Aires; InterCement, Sao Paulo; CP staff

Argentina’s top cement producer raised nearly $1.1 billion in an initial public offering of American Depositary Shares (ADS), trading on the New York Stock Exchange under the ticker symbol LOMA. The early-November IPO saw the sale of 53,530,000 million ADS, priced at $19 each and representing five ordinary shares as traded on Bolsa y Mercados Argentinos S.A., Loma Negra’s home exchange.

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Cemex prepares launch of fully digital account management platform

Sources: Cemex S.A.B. de C.V., Monterrey, Mexico; CP staff

This month will see Cemex ready mixed, cement and aggregate operations in the U.S. and Mexico kick off a year-long, global deployment of Cemex Go, billed as a fully digital suite of services to help reduce customers’ administrative burden and free up time to focus on strategic business matters. Customers registering for the application will be able to work with the producer anytime and anywhere using multiple devices; review transaction histories; track shipments real-time via GPS; receive instant order status notifications; adjust orders; and, have full visibility and transparency of information they need to better manage their businesses.

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Market leaders, cement suppliers form UtahRMCA, team with NRMCA

Sources: National Ready Mixed Concrete Association, Silver Spring, Md.; CP staff

NRMCA has announced a partnership with the newly formed Utah Ready Mixed Concrete Association (URMCA), citing it as the latest example of national, regional and state leaders working toward the common goal of making ready mixed concrete the building material of choice across all sectors of the built environment.

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Oldcastle parent nets $2.6 billion in Americas Distribution business sale

Sources: CRH Plc, Dublin; Beacon Roofing Supply Inc., Herndon, Va.; CP staff

CRH is set to shed a sizable slice of its legacy Oldcastle Inc. portfolio, selling its Allied Building Products-anchored Americas Distribution business to Beacon Roofing Supply, North America’s the largest publicly traded wholesale roofing and building materials distributor.

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Command Alkon ‘elevates’ 2017 conference program

Sources: Command Alkon, Birmingham, Ala.; CP staff

The leader in heavy building materials-centered information technology has raised the bar for its annual training and customer gathering, scheduled November 8-9 in New Orleans. ELEVATE 2017 – The Command Alkon Conference will draw concrete, aggregate, cement and asphalt production executives, industry analysts, provocative thought leaders, and technology users to share ideas and strategic approaches aimed at reaching the next level of growth and profitability. Presentations and training sessions will cover best practices, client case studies, and actionable insights streamlining the flow of innovation, talent and resources. 

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LafargeHolcim names Sika’s Jenisch as CEO Olsen successor

Sources: LafargeHolcim Ltd., Zurich; CP staff

A 20-year Sika AG veteran and chief executive officer since 2012, Jan Jenisch will transition in that same capacity to Swiss peer, LafargeHolcim Ltd., in mid-October. LafargeHolcim Chairman Beat Hess characterizes him as “a CEO widely respected for consistently delivering strong business results [who] comes with a deep understanding of the building materials sector. His agile leadership style and personal skills will be a good fit with our company culture and management team.”

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PCA takes Timber Innovation Act to the wood shed

Sources: Portland Cement Association, Washington, D.C.; CP staff

PCA urges Congress to reject the so-called Timber Innovation Act, which has returned to the 115th Congress after a 2016 debut. Through companion U.S. Senate and House of Representatives bills, it incentivizes state and local governments, universities and private companies with federal funds to conduct research & development, outreach and education advancing the use of mass timber products in construction.

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RPM consolidates building, construction materials under Euclid umbrella


With an eye to global construction, structural and civil engineering markets, Euclid Chemical parent RPM International has formed Cleveland-based Euclid Group, encompassing the namesake concrete admixture and materials business, plus sister subsidiaries, operating companies or brands Increte Systems, Eucomex, Toxement, Cave, Viapol, Flowcrete, RPM Belgium and Vandex.

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Cat, NSSGA, NRMCA, Oldcastle lead materials sector PAC contributors

Sources: Center for Responsive Politics, Washington, D.C.; CP staff

Using Federal Election Commission data through late October, the Center for Responsive Politics has tracked major supporters of political action committees (PAC) representing concrete, aggregate, cement and asphalt production interests. Among Building Materials & Equipment, one of six Construction Sector categories, are these leading PAC contributors to 2016 federal office candidates:

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Boral clads ICF-built Proud Green Home of Louisville

FOOTER PHOTOS: Pohl Rosa Pohl Architects

Boral USA recently provided 35,000-plus bricks from its Terre Haute, Ind., plant for The Proud Green Home of Louisville, part of the sustainable Norton Commons community in Kentucky’s largest city. Known as Su Verde (Italian for ‘About Green’), the deep green project was designed by architect Clive Pohl of Lexington, Ky.-based Pohl Rosa Pohl, and constructed by Louisville’s Sy Safi of UberGreen Spaces & Homes.

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