Sources: Holcim Ltd., Zug, Switzerland; CP staff Amrize, the North American entity set for spin-off from Holcim Ltd., completed a $3.4 billion bond offering in four tranches: $700 million two-year and three-year notes, respectively maturing in 2027 and 2028, and $1 billion five-year and 10-year notes, respectively maturing in 2030 and 2035—the fixed coupons at 4.6 percent to 5.4 percent.
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Sika consummates Master Builders deal with former Chryso investor
Sources: Sika AG, Baar, Switzerland; Cinven Ltd., London; CP staff The parent of New Jersey-based Sika Corp. has opened May with two transactions on its European home turf, both continuing a global concrete admixtures business transformation that began with 2021-22 Saint-Gobain Group deals for Chryso Group and GCP Applied Technologies. Sika AG acquired MBCC Group of Mannheim, Germany, then sold…
Read MoreTech think tank: ‘Innovation Infrastructure’ investment vs. concrete and steel
A traditional infrastructure plan that invests in roads and bridges could increase employment in the short term, but the Trump administration and new Congress should also focus on the building blocks of innovation, such as research & development and technology-enabled “smart” public works because they can support a more robust economy long term, contends the Information and Technology Innovation Foundation (ITIF), Washington, D.C.
Read MoreConExpo-Con/Agg positioned as decade’s best capital investment barometer
Sources: CP staff; Association of Equipment Manufacturers, Milwaukee
After a second consecutive year where concrete, cement and aggregate interests saw modest shipment gains–while overall construction industry increases in 2013 reached the 7-8 percent range–producers are positioned to act on plant and fleet equipment investment carrying them through the growth phase projected for the remainder the decade.
Read MoreBayshore Concrete commits to $4 million flagship plant, harbor investment
Sources: Office of Virginia Governor Terry McAuliffe; CP staff
In conjunction with the Commonwealth of Virginia, Bayshore Concrete Products has announced an upgrade of its Cape Charles headquarters operation, along with infrastructure improvements in the harbor connecting the site to the Chesapeake Bay.
Read MoreHamilton Form ‘voids’ productivity limits at Unistress
Computer chip manufacturer Global Foundries began building its Fab 8 project in Saratoga County, N.Y., in 2009—the $4 billion-plus project representing the largest private capital investment in the U.S. against the prior year’s financial markets distress.
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