Sources: Titan America SA, Norfolk, Va.; CP staff Jason Morin has joined Titan America as president of the Deerfield Beach-based Florida Business Unit. He succeeds Randy Dunlap, who took the helm in 2014 and will continue with Titan America as executive director, Growth & Strategy. The Florida Business Unit spans the Pennsuco cement plant plus rail and marine import terminals;…
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Titan America meets initial public offering target in Wall Street debut
Titan Cement International SA exceeded a $16 per share target for an initial public offering of its newly designated subsidiary Titan America SA, now listed on the New York Stock Exchange. Proceeds from a 24 million-share pool netted about $228 million for Brussels-based Titan Cement and $136 million for Titan America, where the capital can fund technology or growth investments…
Read MoreTitan Cement backs Concrete.ai and concrete recycling startup C2CA
Sources: Titan Cement International SA, Brussels; CP staff The parent company of Virginia-based cement, fly ash, aggregate, ready mixed and concrete block producer Titan America SA has announced an investment in Concrete.ai, Los Angeles developer of artificial intelligence and machine learning technology for mix design optimization, quality control and lowering carbon dioxide emissions associated with finished concrete. Combining Titan Cement’s…
Read MoreProducers – September 2024
Mack Industries of Valley City, Ohio has acquired Bluffton Precast Concrete Co., a Bluffton, Ohio business under the Akin family for 55 years. The deal marks an eighth precast operation for Mack Industries, joining home state, Michigan, North Carolina and Florida plants, along with four Ohio ready mixed concrete sites. “We are honored to work with the team at Bluffton…
Read MoreArgos, CRH, Holcim pave path to Titan America Wall Street listing
Brussels-based Titan Cement International S.A. has informed investors of an initial public offering of shares in 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 IPO would span a sizable stake in Norfolk, Va.-based…
Read MoreTitan parent follows Argos, CRH, Holcim path to Wall Street listing
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…
Read MoreAWS data center concrete specs surpass 20,000 tCO2e savings
Amazon Web Services Director of Sustainability Chris Walker cites savings of 22,000-plus tons of carbon dioxide equivalent (tCO2e) in 2023 across 27 data center construction material schedules, owing to specification of lower carbon concrete and steel where possible. Coupled with the tCO2e metric, AWS continuously evaluates design criteria with an eye to streamlining material requirements “for everything from server racks…
Read MoreORGANIZATIONS- September 2023
In partnership with the Arbor Day Foundation, the Association of Equipment Manufacturers, Milwaukee-based ConExpo-Con/Agg show manager, has pinpointed three forests for the planting of 139,000-plus trees—honoring each individual who attended the Las Vegas show earlier this year. Planting projects will occur over the next several months, with a primary focus in priority reforestation sites or regions: For the past 50…
Read MoreCement plants over-represented in EPA Energy Star Industrial Program
The 86 facilities recognized in the Environmental Protection Agency Energy Star Industrial Program—10 cement plants in eight states among them—are credited with saving more than 100 trillion Btu of energy and preventing 6 million-plus metric tons of carbon dioxide emissions in 2022. The cement and peer plants earned Energy Star certification for operating in the top 25 percent of energy…
Read MoreTitan America fully converts Pennsuco, Roanoke plants to Type IL
Sources: Titan America LLC, Norfolk, Va.; CP staff Titan America has become the first U.S. producer to fully switch its ASTM C150 Type I/II portland cement to ASTM C595 Type IL or portland-limestone cement. This lower carbon powder utilizes conventional clinker and gypsum, typically blended with up to 15 percent limestone at the grinding lines of Roanoke Cement in Virginia…
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