South Carolina-based Giant Cement Holding Inc. will increase its capacity to serve existing and new Southeast concrete accounts with construction of a 60,000-ton import terminal on the Savannah River, set for operation by January 2024. An elongated parcel for a cement storage dome and rail or truck loadout areas was secured through an agreement with Georgia Kaolin Terminals, Inc. of…
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Giant Cement to add 60,000-ton, coastal Georgia terminal
Sources: Giant Cement Co., Harleysville, S.C.; CP staff Giant Cement will increase its capacity to serve existing and new Southeast concrete accounts with construction of a 60,000-ton import terminal on the Savannah River, set for operation by January 2024. An elongated parcel for a cement storage dome and rail or truck loadout areas was secured through an agreement with Georgia…
Read MoreLehigh Hanson strengthens Mid-Atlantic footprint with Keystone
Sources: HeidelbergCement AG, Germany; CP staff
In a $151 million cash deal, Lehigh Hanson Inc. will acquire the 1.1 million ton per year capacity Keystone cement plant in Bath, Pa., from Giant Cement, a subsidiary of Mexico’s Elementia S.A.B. de C.V.
Read MoreMexico’s Elementia closes on Dragon, Keystone parent
Sources: Elementia S.A.B. de C.V., Mexico City; CP staff
The Elementia board of directors approved a multi-step transaction with Spain’s Cementos Portland Valderrivas S.A., yielding a U.S. cement market stake through Giant Cement Holding Inc. The deal saw a) Elementia pay $220 million for a 55 percent stake and full control of the business; b) Elementia grant Giant Cement a $305 million loan through committed credit lines; and, c) Giant Cement utilize the $525 million infusion to retire 100 percent of its debt.
Read MoreGiant Cement deal brings sixth Latin America market player to U.S.
Sources: Elementia S.A.B. de C.V., Mexico City; CP staff
Elementia is set for an early-November closing on a 55 percent stake in Giant Cement Holding Inc. through a deal with Madrid-based Cementos Portland Valderrivas, S.A. Giant Cement spans namesake, Dragon Products Co. and Keystone brands, respectively, across South Carolina, Maine and Pennsylvania cement plants, totaling 2.8 million tons/year capacity; six terminals serving New England, New York, Virginia and the Carolinas; three limestone and two sand & gravel operations; and, four waste handling and processing sites.
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