Producers – 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…

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VCNA parent company unveils a new signature

The parent of Votorantim Cimentos North America, Toronto, bills a new corporate brand as more contemporary and representative of the diversity of its people, products and businesses, and “combining tradition, innovation and a vision of the future.” The new visual identity seeks to connect Votorantim Cimentos’ strategic objectives and sustainability commitments with the process of transformation and growth in different…

Read More developers prepare for software platform commercialization

Sources:, Los Angeles; CP staff is preparing for general release of its pioneering data science platform, programmed to reduce costs and embodied carbon intensity (CO2e) in concrete construction. Ahead of the launch, the company is filling key management positions and executing an exclusive, worldwide license from the University of California, Los Angeles for the underlying artificial intelligence (AI)…

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Consistent with an executive transition plan outlined last year, Besser Co. has appointed Ryan Suszek successor to Chief Executive Officer Kevin Curtis, who retires after 43 years with the concrete products machinery and plant equipment mainstay. Suszek was named president in 2019 following a 14-year tour of duty leading to the vice president of Pipe and Precast post, and becomes…

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CO2Concrete successor CarbonBuilt fuels curing and sequestering technology

CO2Concrete, an entity incubated at the University of California, Los Angeles, has changed its name to CarbonBuilt to better align with a mission to store significant amounts of carbon dioxide in concrete used for the built environment. Developed over the course of seven years at the UCLA Samueli School of Engineering-hosted Institute for Carbon Management, the CarbonBuilt Reversa platform spans…

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St. Marys, McInnis Cement pursue joint venture

Sources: Caisse de dépôt et placement du Québec, Montreal; CP staff The parent companies of St. Marys Cement Inc., Toronto, and McInnis Cement Inc., Montreal plan to combine their production and distribution assets serving Canada and United States markets from the Atlantic seaboard to the Great Lakes. With respective stakes split 83 percent and 17 percent, their joint venture will…

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Sunrock ventures north in St Marys/VCNA quarry deal

Sources: Sunrock Group, Raleigh, N.C.; CP staff

North Carolina’s Sunrock Group, a key independent ready mixed, aggregate and asphalt producer, has chartered a satellite entity with the acquisition of an Ontario quarry from Votorantim Cimentos’ North American flagship business, St Marys Cement/Canada Building Materials. The Burnt River site encompasses 1,400 acres of high quality aggregate reserves and will operate under Sunrock Canada Construction Materials. 

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Prairie, Prestige, St Marys parent vacates share offering

Source: Renaissance Capital, Greenwich, Conn.; CP staff

Global initial public offering investment adviser Renaissance reports that poor market conditions have compelled Brazil’s Votorantim Industrial S.A. to withdraw an offering of shares in its largest business, Votorantim Cimentos S.A., earmarked for São Paulo Stock Exchange and New York Stock Exchange trading.

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Limited exposure to Europe helps Votorantim Cimentos in IPO quest

In 2012 business reviews, the world’s leading public cement companies confirm sales or profit declines reflecting deep ties to European Union economies beset by nightmarish governing. Brazil’s Votorantim Cimentos S.A. is preparing to join the publicly traded operators club, presenting investors a portfolio with a key differentiating factor—minor European exposure—compared to peers Cemex SAB de C.V., Heidelberg Cement, Holcim Ltd., Italcementi SpA and Lafarge Group.

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Votorantim Cimentos eyes NYSE listing in prospective $5.4 billion IPO

Sources: Votorantim Industrial S.A., São Paulo; CP staff

The ultimate parent company of Toronto-based Votorantim Cement North America (VCNA) has outlined acquisition and management strategies to follow an initial public offering for shares of its multinational cement, concrete and aggregate business, Votorantim Cimentos S.A., trading on the São Paulo Stock Exchange and New York Stock Exchange.

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