Cement News tagged under: aggregates
Boral to acquire Booyal Quarries08 April 2024, Published under Cement NewsBoral Ltd has agreed to acquire Booyal Quarries in the Wide Bay region in Queensland, Australia. The strategic acquisition will secure the supply of quarry materials to Boral customers and the company's integrated operations in Wide Bay. The Wide Bay region is a high-growth market underpinned by various large-scale infrastructure projects. "Booyal Quarries’ is a high-quality business with significant approved quarry reserves" claims Boral. It will secure a 20-year supply to Boral's integr... |
Scotland's MPA calls for mineral forum07 March 2024, Published under Cement NewsScotland’s economic development and drive for decarbonisation depend on domestically available mineral products, according to a new document from the Mineral Products Association Scotland (MPAS) that sets out a series of policy recommendations for the Scottish government. The document, ‘Priorities for Scotland’, highlights the role played by Scotland’s mineral production sector, which manufactures around 30Mt of aggregates, concrete and asphalt each year. Essential for renewable energy... |
Summit reports 10% revenue advance in 202316 February 2024, Published under Cement NewsSummit Materials has announced a 19.8 per cent YoY increase in net revenue to US$613.1m in the fourth quarter of 2023. Adjusted EBITDA over the same period advanced by 14.5 per cent to US$136.5m. The three-month period saw its aggregates business report a 5.7 per cent YoY increase in sales volumes, while cement sales volumes declined 11.1 per cent. Ready-mixed concrete volumes were up 14.8 per cent YoY in the 4Q23, while asphalt volumes advanced by 34.7 per cent. For 2023 as a whole, t... |
MPA survey reveals deteriorating markets07 February 2024, Published under Cement NewsThe UK-based Mineral Products Association (MPA) has released the results of its latest industry sales survey, revealing a second consecutive annual drop in sales volumes of heavy-side building materials in Great Britain. The deteriorating market for aggregates, concrete, asphalt and mortar has unfolded against a backdrop of unfavourable economic conditions, escalating costs, rising interest rates and a diminishing pipeline of new construction projects, says the MPA. The quarterly surve... |
Afrimat's acquisition of LSA gets Commission approval08 November 2023, Published under Cement NewsSouth Africa’s Competition Commission has approved Afrimat’s acquisition of Lafarge SA , subject to a number of conditions. The deal, which is worth nearly ZAR1bn (US$54.59m), was found to raise a number of competition issues, according to the Commission, and would result in the lessening of competition in the aggregates and ready-mixed concrete sectors, reports Business Day. As a result, the Competition Commission has recommended that the merged entity divests its interests in general aggr... |
Holcim Romania inaugurates new aggregates plant02 November 2023, Published under Cement NewsHolcim Romania has opened a new EUR3m aggregates plant in Neudorf, Arad province, western Romania. The first deliveries of the new plant have been completed this month, said Holcim. "I am glad that with the opening of the new aggregates plant, the fifth in the country, we are closer to our customers in the western part of the country, with whom we want to build successful projects, contributing to their development plans," said Anca Alexandru, ready-mix and agreggates director of Holcim ... |
Strong 3Q results from Vulcan boost full-year forecasts27 October 2023, Published under Cement NewsVulcan Materials Co has reported revenues of US$2186m in the third quarter of 2023, up from US$2088m in the same period a year earlier. Gross profit over the same timeframe has advanced from US$493m to US$591m, while adjusted EBITDA has improved from US$507m to US$602m. In the 3Q23 the aggregates segment saw its gross profit increase by 17 per cent YoY to US$508m (equivalent to US$7.95/t), while the gross profit margin expanded 200 basis points. Cash gross profit per tonne improved 18... |
Global aggregates: recovering, resilient and sustainable24 October 2023, Published under Cement NewsIncreasingly resilient, the global aggregates market is recovering from the COVID-19 pandemic. Moreover, as shown in a recent meeting of the Global Aggregates Information Network (GAIN TM ), the industry is poised to address future challenges and opportunities. By Jim O’Brien, GAIN, Ireland. Figure 1: enthusiastic attendees from China, South Korea, Malaysia, Europe, USA, Canada, Colombia, Argentina and New Zealand at the recent GAIN meeting in Queenstown, South Island, New Zealand ... |
MPA voices concerns over UK government housebuilding plans01 September 2023, Published under Cement NewsThe Mineral Products Association (MPA) has written to the UK government voicing concerns over the government’s recent announcements regarding housebuilding. Two differing policy proposals designed to boost housebuilding, put forward by the current government and the Labour opposition, support plans to deliver new homes but, according to the MPA, fail to recognise the importance of the construction supply chains in realising their housing ambitions. Robert McIlveen, director of public affa... |
Construction in Great Britain contines to decline, warns MPA09 August 2023, Published under Cement NewsNew figures from the Mineral Products Association (MPA) provide more concrete evidence of the slowdown in Britain’s construction industry. The latest quarterly survey from the MPA – covering aggregates, asphalt, ready-mixed concrete and mortar in Great Britain – reveals a decline in actual sales volumes during the second quarter of 2023. The drop in construction activity, particularly in new housing, along with the impact of cost inflation on other areas such as roads, has contributed to the... |