Industry leaders ace climate audit

By Don Marsh Three of the top five global cement, aggregate and concrete producers made the 2021 Climate Disclosure Project A List, reflecting transparency in environmental impact, greenhouse gas (GHG) emissions management and water resource metrics. Cemex S.A.B. de C.V., HeidelbergCement AG and Holcim AG are among 200 A List/Climate category performers from a pool of 10,000-plus companies. London-based Climate…

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Lehigh Hanson closes on reserves-rich Corliss Resources

Sources: HeidelbergCement AG; CP staff Lehigh Hanson Inc. has finalized the acquisition of Sumner, Wash.-based Corliss Resources Inc., one of the Pacific Northwest’s largest, family-owned aggregates and ready-mixed concrete producers. The deal includes sand & gravel operations with annual shipments of 2 million-plus tons, reserves exceeding 175 million tons, and four ready mixed concrete plants serving the Greater Seattle area,…

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Tech ambitions drive HeidelbergCement to Command Alkon stake

Sources: HeidelbergCement AG, Germany; Command Alkon, Birmingham, Ala.; CP staff Lehigh Hanson Inc. parent company HeidelbergCement has entered an agreement to take a 45 percent stake in Command Alkon, the global leader in software and information technology services for heavy building materials. San Francisco-based investor Thoma Bravo, which acquired Command Alkon last year, will retain a 55 percent interest. The…

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Lehigh, Giant parents scrap Keystone Cement purchase agreement

Sources: U.S. Federal Trade Commission; CP staff HeidelbergCement AG of Germany and Elementia S.A.B. de C.V. of Mexico, along with their North American subsidiaries—Lehigh Hanson Inc., Lehigh Cement Co. LLC and Giant Cement Holding, Keystone Cement Co., respectively—have terminated an agreement regarding the sale of Keystone’s Bath, Pa. plant to Lehigh Cement. The move responds to a U.S. Federal Trade…

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New era, new home for HeidelbergCement

HeidelbergCement has ushered in a new era with the opening of its revamped headquarters in Heidelberg, Germany after three years of construction. Designed by Frankfurt-based Albert Speer + Partner, the building is considered a sample project for sustainability that demonstrates the versatility of concrete.

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HeidelbergCement earns Sustainably Managed Companies ranking

sustainability report cover

Sources: CP staff; Wall Street Journal Lehigh Hanson Inc. parent company HeidelbergCement AG ranks 37 among 100 Sustainably Managed Companies that the Wall Street Journal recognizes in its October 14 edition. The concrete, aggregate and cement giant scores 73.2 overall on a list where such scores range from 78.8 (#1, Sony) to 71.1 (#100, International Paper). HeidelbergCement ranks in upper and lower quartiles…

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Arbitrator closes HeidelbergCement earnout claim in Forterra’s favor

Sources: Forterra Inc., Irving, Texas; CP staff

A neutral accounting arbitrator has determined that no earnout payment from concrete pipe and precast giant Forterra is due to HeidelbergCement AG under terms of a 2015 Hanson Building Products business spinoff, initially valued at $1.2 billion. HeidelbergCement had sought a $100 million earnout payment based on the fiscal 2015 performance of Hanson Building Products, whose Dallas-based suitor, Lone Star Fund IX (U.S.) LP, adopted the Forterra brand. The Delaware Court of Chancery deferred an EBITDA (earnings before interest, taxes, depreciation and amortization) calculation—central to the earnout payment clause—to the arbitrator in conjunction with a late-2017 dismissal of a HeidelbergCement suit.

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Oxygen fuels cement producers’ carbon capture venture

Sources: HeidelbergCement AG, Germany; CP staff

The parent companies of Lehigh Hanson Inc., Buzzi Unicem and National Cement Co. have joined a fourth European peer on Cement Innovation for Climate or CI4C, a research corporation investigating the potential of oxygen fuel technology to maximize carbon dioxide capture in portland cement production. 

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HeidelbergCement first to meet global initiative’s carbon criteria

Sources: HeidelbergCement AG, Germany; CP staff

HeidelbergCement is the premier cement, aggregate and concrete operator to validate its carbon dioxide emissions reduction commitment over the next decade against Science Based Targets initiative (SBTi) criteria. As part of its 2030 Sustainability Goals for global operations, the producer aims to reduce net CO2 and other greenhouse gas (GHG) emissions by 30 percent against 1990 baseline levels. 

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