Source: Holcim US, Chicago; CP staff LafargeHolcim in the United States has unveiled its new identity, Holcim US, uniting legacy brands and strengthening the cement, aggregate and concrete producer’s purpose “to build progress for people and the planet.” The transition is the first within Holcim Group and represents what management notes is a significant milestone. “The Holcim US identity is…
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CRH 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 MorePCA’s Sullivan factors Ukraine into revised U.S. construction forecast
Sources: Portland Cement Association, Washington, D.C.; CP staff Portland Cement Association Chief Economist Ed Sullivan cites the potential for a dip in cement consumption and concrete output attributable to the Russia-Ukraine conflict. At a joint luncheon in San Antonio during the PCA and National Ready Mixed Concrete Association 2022 conventions, he offered three scenarios for U.S. shipments through 2024:
Read MoreCemex, CRH, Heidelberg, Holcim school GHG emissions auditors
Sources: Cemex S.A.B. de C.V., Monterrey, Mexico; Holcim AG, Zug, Switzerland; HeidelbergCement AG, Germany; CP staff Three of the top five global cement, aggregate and concrete producers have made the 2021 Climate Disclosure Project A List, reflecting transparency in environmental impact, greenhouse gas emissions management and water resource metrics. Cemex, HeidelbergCement and Holcim are among 200 A List/Climate category performers…
Read MoreHolcim to cut water consumption in concrete, upstream operations
Holcim AG aims to reduce cement, aggregates and ready mixed concrete operations’ respective water intensities by 33 percent, 20 percent and 15 percent through 2030. Applicable to namesake, Lafarge, Aggregate Industries, Lattimore Materials and other North America or overseas brands, the targets are part of a global strategy to become nature-positive by restoring and preserving water and biodiversity, while bringing…
Read MoreCement producers formally approve carbon neutrality roadmap
Sources: Portland Cement Association, Washington, D.C.; CP staff True to a timeline announced in late 2020, the Portland Cement Association has adopted a Roadmap to Carbon Neutrality, billing it as an ambitious journey to low carbon dioxide emissions across the cement and concrete value chain by 2050. The document demonstrates how the U.S. cement and concrete industry, along with parties…
Read MoreSolid market conditions amplify Texas producers’ return to normal
Speakers at the 67th annual Texas Aggregates & Concrete Association meeting, staged last month in San Antonio, offered 450-plus attendees a sampling of production, economic and demographic data well worth the price of admission.
Read MoreTexas producers take stock of state’s enviable market outlook
Sources: Texas Aggregates & Concrete Association, Austin; CP staff Speakers at the 67th annual Texas Aggregates & Concrete Association meeting offered 450-plus attendees a sampling of production, economic and demographic data well worth the price of admission.
Read MoreNo Worries – Interest Rates Won’t Rise Anytime Soon
There has been some recent panic in the financial and mortgage markets over the concern that interest rates seem to be headed up. This has happened suddenly and stands in contrast to what I have been saying from the beginning of the pandemic: interest rates will stay low for a very long time. So what changed? It began when a…
Read MoreLafarge ACM, gypsum veteran Tabbara takes U.S. Cement helm
Sources: LafargeHolcim, Chicago; CP staff LafargeHolcim has named Toufic Tabbara as chief executive officer of U.S. Cement operations. He arrives with more than 20 years’ experience in Lafarge North America and overseas ready mixed concrete, asphalt and gypsum businesses, and most recently oversaw similar operations, plus cement production, as Country CEO for Jordan, then Algeria. Tabbara holds undergraduate and graduate…
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