Sources: Titan Cement International S.A., Brussels; CP staff Euronext Brussels-traded Titan Cement International has informed investors of an initial public offering of shares in Virginia-based Titan America, which reported $1.6 billion in 2023 cement, supplementary cementitious material, aggregate and ready mixed concrete sales across coastal Mid-Atlantic and Southeast operations. With a projected early-2025 completion on a Wall Street exchange, the…
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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 MoreHolcim outlines North American business spin off plan
Sources: Holcim Ltd., Zug, Switzerland; CP staff With an eye to unlocking North American asset value, Holcim Ltd. plans a 2025 spin off of its namesake US and Building Envelope plus Lafarge Canada Inc. operations, the new entity likely listed on the New York Stock Exchange. Across 850-plus sites and a payroll north of 16,000, the three businesses hold top…
Read MoreProducers – June 2023
The board of North Dakota-based MDU Resources Group closed May with a distribution of Knife River Holding Co. shares, finalizing a 10-month spinoff process of the concrete, aggregate, cement distribution and construction business from the utilities operator flagship. MDU Resources and Knife River are now independent, New York Stock Exchange-traded companies with distinct investment identities, business operations, customers and geographic…
Read MoreHolcim lands 175K-250K tpy ash management contract in Kentucky
Sources: Holcim (US) Inc., Chicago; CP staff Holcim (US) subsidiary Geocycle LLC has entered a multi-year contract with Louisville Gas and Electric (LG&E) Co. and Kentucky Utilities (KU) to process and market fly ash from their Mill Creek, Ghent and Trimble County generating stations. It calls for annual volume of 175,000 to 250,000 tons of concrete-grade ash, delivered by truck,…
Read MoreChaney Enterprises extends north in Holcim ready mixed plant deal
Sources: Chaney Enterprises, Gambrills, Md.; CP staff Chaney Enterprises has acquired the assets of a Holcim US ready mixed concrete plant in Joppatowne, Md. and retained front line employees. The location stretches the producer’s service market up the Interstate 95 corridor north of Baltimore. It also coincides with a Virginia market expansion, which has seen Chaney Enterprises acquire three ready mixed…
Read MoreHolcim, Baker, Amazon craft carbon-wise, data center concrete schedules
Sources: Holcim US, Chicago; CP staff Amazon Web Services has approved Holcim ECOPact concrete mixes for a series of northern Virginia data centers in which Baker Concrete Construction or HITT Contracting will perform slab and structural work. The specification abides a new AWS standard for such facilities built in the U.S., whereby mix designs’ embodied carbon metrics are at least…
Read MoreHolcim brings Lattimore, sister Texas brands under corporate banner
Sources: Holcim US, Chicago; CP staff Holcim US will unite its Texas brands—Lattimore Materials, Tarrant Concrete, Colorado River Concrete—under the Holcim banner, alongside the producer’s Midlothian cement plant south of the Dallas-Ft. Worth metroplex. The regional rebrand will advance “big ideas and innovations to build progress for people in the Lone Star State,” yet maintain the existing teams and products…
Read MoreHolcim to put electric powertrains to the test in South Central fleet
Sources: CP staff; Holcim US, Chicago; Hyliion Holdings Corp., Austin, Texas Holcim US has spec’ed Hyliion Hypertruck ERX electric powertrains for 10 trucks serving Texas and Oklahoma cement and concrete operations, plus sister roofing product businesses. Batteries powering the Hypertruck ERX draw from an onboard generator running on compressed natural gas (CNG) or renewable natural gas (RNG), consumption of which…
Read MoreHolcim extends Louisiana presence with Cajun Ready Mix deal
Sources: Holcim Ltd., Zug, Switzerland; CP staff Holcim has acquired Cajun Ready Mix Concrete, which leads the Baton Rouge, La. market with eight plants and 51-mixer truck fleet. The business is strategic to Lafarge ready mixed operations in New Orleans and becomes the latest bolt-on under Holcim’s Aggregates & Construction Materials U.S. umbrella.
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