Sources: Heidelberg Materials North America, Irving, Texas; CP staff Texas Lehigh Cement Company LP, the 50/50 joint venture of Heidelberg Materials North America and Dallas-based Eagle Materials Inc., plans a summer start for a slag cement grinding and finishing operation in Houston. In tandem with a Buda, Texas flagship plant, the new mill strengthens Texas Lehigh’s footprint in a fast-growing…
Read MoreTag: Eagle Materials
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 MorePrecast Forte Group harnesses Recon Wall Systems, sister businesses
Leadership of licensing innovator Recon Wall Systems has unveiled The Precast Forte Group, a Minnesota-based parent entity affording clarity of purpose for each of four companies while sharing manufactured concrete domain expertise. On the strength of the Recon Wall Systems flagship, the Forte portfolio has grown to include proprietary product or structure designs, external licensing services, and marketing tools—each serving…
Read MoreCredible carbon credits seed SCM capacity
This year closes with strong cement and concrete market indicators, especially considering investor enthusiasm for publicly held clinker capacity. Consider activity among New York Stock Exchange-traded operators since Labor Day: Summit Materials announced a cash and stock deal for Argos North America Corp., its $3.2 billion valuation reflecting cement production and distribution assets in Alabama, Florida, South Carolina and West…
Read MoreEagle Materials secures rights to three 240K-tpy Terra CO2 SCM plants
Sources: Eagle Materials Inc., Dallas; Terra CO2 Technology, Golden, Colo.; CP staff Eagle Materials has entered an agreement granting exclusive right to build and operate three facilities processing up to 240,000 tons per year of Terra CO2’s supplementary cementitious material, Opus SCM, from common quarry byproducts or other silicate-rich feeds. The facilities would be earmarked for specific geographic areas. They…
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 MoreCement, concrete producers stay in front of proposed climate rule
Environmental Protection Agency reporting measures and market mechanisms like the U.S. Green Building Council LEED rating system could position publicly traded portland cement, concrete and aggregate producers for seamless compliance with a proposed U.S. Securities and Exchange Commission rule on greenhouse gas (GHG) emissions and global warming risk disclosures. The subject of a public comment period closing this month, the…
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 MoreEagle Materials Board: One company better than two
Sources: Eagle Materials Inc., Dallas; CP staff Sterling fiscal 2021 results, portfolio-streamlining measures, successful integration of Cemex USA cement plant and distribution assets valued at $665 million, plus market changes favoring critical corporate mass, underpin the tabling of a plan to split Eagle Materials into two separate, publicly traded companies. A 2019 strategic portfolio review, partly triggered by an activist…
Read MoreEagle unloads California concrete, aggregates stakes in Teichert deal
Sources: Eagle Materials, Dallas; CP staff
Eagle Materials has sold its Mathews Readymix and Western Aggregates operations in northern California to Sacramento-based producer and contractor Teichert Inc. The Mathews assets include three batch plant locations and 26 trucks; Western Aggregates’ vested-rights-to-mine cover 3,900 acres and span reserves of 900 million-plus tons.
Read More