In a letter to U.S. House and Senate members, 14 associations representing construction materials, products and downstream interests question the Federal Highway Administration’s authority to proceed with a greenhouse gas performance measure on projects the agency funds. Their argument traces the absence of a legal basis for a November 2023 FHWA rule, “National Performance Management Measures; Assessing Performance of the…
Read MoreTag: CRH Plc
Holcim gauges cement, aggregate asset traction on Wall Street
Sources: CP staff; Holcim Ltd., Zug, Switzerland The Holcim Ltd. announcement of a plan to spin off its U.S. and Canadian operations into a separate, publicly traded entity coincides with investor interest in construction materials production assets at its highest level in generations. A business encompassing Holcim North America holdings is poised to emerge on the heels of record or near-record valuations…
Read MoreA Hill To Thrive On
In the early stages of their newest Kansas ready mixed plant, officials of Monarch Cement Co. and subsidiary Concrete Materials Inc. didn’t anticipate the need for a backup location or market. Permitting difficulties, coupled with opportunities for improved logistics, prompted a tabling of their initial target in favor of a site along a growing Interstate 35 and U.S. 169 corridor…
Read MoreCRH shareholders on board with New York Stock Exchange move
Sources: CRH Plc, Dublin; CP staff Shareholders have overwhelmingly approved a board and management team recommendation to switch the CRH Plc primary securities listing from the London Stock Exchange to the New York Stock Exchange. “We are pleased to see such strong support for the transition as it marks an important milestone in our development, and will enable CRH to…
Read MoreCRH builds fencing platform with $1.9B Barrette Outdoor Living deal
Oldcastle parent CRH Plc is set to acquire Ohio-based Barrette Outdoor Living Inc., a leading player in steel, aluminum and vinyl fencing, railing, gate and accent products for residential and commercial applications. It sells and distributes through big box or independent home improvement retail channels and specialty outdoor product dealers. “Barrette is an excellent addition to CRH,” says Chief Executive…
Read MoreAsh Grove a sure bet for CRH model of “extracting the benefits of scale”
The ink had dried on September’s column, “Oldcastle-style capital reallocation,” by the time CRH Plc announced the boldest move in almost four decades centered on Oldcastle Inc., its North American business: A $3.5 billion acquisition of Kansas-based Ash Grove Cement Co., scheduled to close by year end.
Read MorePRODUCERS – October 2016
Oldcastle Inc. parent CRH plc has announced the year end retirement of Mark Towe from the board of directors, while continuing in his role as CRH Americas chairman. Towe joined the global concrete, aggregates and cement producer in 1997 and was appointed a director in 2008.
Read MoreCRH ‘development’ activity approaches $9 billion in watershed year
Sources: CRH Plc, Dublin; CP staff
Crunching numbers on deals affecting operations in North America, Europe and Asia, CRH closed 2015 with about $8.8 billion in acquisitions, and divestments netting proceeds near $1 billion. Anchoring the calendar was a $7.2 billion transaction for the lion’s share of cement, concrete and aggregate production assets Lafarge S.A. and Holcim Ltd. sold in conjunction with their July merger.
Read MoreA year of tempered market expectations, bigger multinationals, taller wood buildings
Three developments tracked since January stand out at year’s end: 1) overall concrete shipments did not pace projected level; 2) among global operators, the annual revenue bar for cement, aggregate and ready mixed concrete shipments is moving from the $10 billion–$15 billion to $15 billion–$20 billion range, with the top players deriving about 20–25 percent of sales in North America; and, 3) U.S. and Canadian wood interests’ multi-story building market pursuits are reverberating among ready mixed and manufactured-concrete producers.
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