Sources: Knife River Corp., Bismarck, N.D.; CP staff Knife River shareholders have elected Thomas W. Hill, retired Summit Materials Inc. chief executive officer and longtime head of (pre-CRH Americas) Oldcastle Materials, as director for a three-year term. He serves on the Compensation plus Nominating and Governance committees, and fills the seat of Tom Everist, who was director since Knife River’s…
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Agency flags $1.6B in Cement and Concrete carbon project opportunities
Sources: U.S. Department of Energy; CP staff The U.S. Department of Energy Office of Clean Energy Demonstrations (OCED) has named four portland cement producers and two alternative binder start-ups as candidates for $1.6 billion in funds steered to projects lowering the carbon footprint of finished concrete. Heidelberg Materials and National Cement Company of California lead the way with their respective…
Read MoreArgos USA merger positions Summit Materials as top five U.S. cement player
At levels just under 100 percent, Summit Materials Inc. shareholders approved proposals at the heart of a September 2023 agreement with Colombia-based Cementos Argos S.A., paving the path for a mid-January merger of Summit Materials and Argos North America Corp. Valued at $3.2 billion, the merger creates the fourth-largest U.S. cement producer—behind Holcim US, Heidelberg Materials and Ash Grove—and significantly…
Read MoreHolcim 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 MoreArgos USA merger moves Summit Materials into U.S. cement elite ranks
Sources: Summit Materials Inc., Denver; CP staff At levels just under 100 percent, Summit Materials shareholders approved proposals at the heart a September 2023 agreement with Colombia-based Cementos Argos S.A., paving the path for a January 12 merger of Summit Materials and Argos North America Corp. Valued at $3.2 billion, the merger creates the fourth-largest U.S. cement producer—behind Holcim US,…
Read MoreArgos NA brings Summit Materials cement, ready mixed production scale
Cementos Argos of Colombia has entered a definitive agreement with Denver-based Summit Materials Inc. under which Argos North America Corp., Alpharetta, Ga. will combine with Summit in a cash and stock transaction. It calls for Cementos Argos to receive approximately $1.2 billion in cash and 54.7 million shares—or 31 percent—of Summit stock, valuing Argos North America at approximately $3.2 billion.…
Read MoreArgos North America, Summit Materials map $3.2 billion merger
Sources: Argos North America, Alpharetta, Ga.; Summit Materials Inc., Denver; CP staff Colombia-based Cementos Argos has entered a definitive agreement with Summit Materials Inc. under which Argos North America Corp. will combine with Summit in a cash and stock transaction. It calls for Cementos Argos to receive approximately $1.2 billion in cash and 54.7 million shares—or 31 percent—of Summit stock,…
Read MoreCrushed stone, sand & gravel top guns maintain grip in USGS rankings
Sources: U.S. Geological Survey; Rock Products, CP staff Nine publicly traded and four privately held companies populate the upper ranks of U.S. Geological Survey Mineral Commodity Specialist Jason Willett’s new “Top 100 Crushed Stone” and “Top 100 Sand & Gravel” producer surveys. Based on his analysis of 2021 shipments, here in descending order are the top players in each category: …
Read MoreK.H. Watson Jr. anchors Baker Concrete leadership transition
Sources: Baker Construction Enterprises, Ft. Lauderdale, Fla.; CP staff Baker Construction Enterprises, the largest and best-performing commercial concrete contractor in the U.S., has named Karl H. Watson Jr., as chief executive officer. He succeeds Brad Wucherpfennig, who transitions to the role of BCE Board of Advisors chairman. Concurrently, Dan T. Baker has been named president. “In developing this transition plan,…
Read MoreContinental casts continent’s largest cement storage dome
Summit Materials Inc. has officially opened a 125,000-ton storage dome at Missouri subsidiary Continental Cement’s Davenport plant, located in Buffalo, Iowa along the Mississippi River. The largest structure of its kind in the North America, the 165-ft. diameter, 171-ft. tall dome will lower costs; substantially reduce the need for winter storage barges; and, support a safer, more efficient operation. Idaho-based…
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