Cement News tagged under: Building Materials
CRH completes final phase of European lime divestment02 September 2024, Published under Cement NewsCRH previously announced on 22 November 2023 that it has reached an agreement to divest its lime operations in Europe for a total consideration of US$1.1bn. CRH has now announced today that the third and final phase of the transaction, comprising the group’s lime operations in Poland, is now complete. CRH is one of the largest providers of building materials solutions. Employing around 78,500 people at 3390 different operating locations in 28 countries, CRH has market leadership positio... |
Heidelberg Materials acquires Carver Sand & Gravel01 August 2024, Published under Cement NewsHeidelberg Materials North America has entered into a definitive purchase agreement to acquire Carver Sand & Gravel, the largest aggregates producer in the Albany, New York, area. Included in this acquisition are four quarries, three sand and gravel pits, two asphalt plants, 70Mt of aggregate reserves, a logistics business and about 200 employees. Heidelberg Materials and Carver Companies have also agreed on a strategic partnership in the Albany area for land and marine logistics. “We a... |
MPA welcomes new UK government planning reforms16 July 2024, Published under Cement NewsPlans set out by new UK Chancellor, Rachel Reeves, to overhaul the UK’s planning system and boost housebuilding have been welcomed by the Mineral Products Association (MPA), which is calling for the same approach to be applied to minerals planning. On her first full day in the job, with a clear emphasis on housebuilding and energy generation, the chancellor outlined the new government’s intention to reform the National Planning Policy Framework, review greenbelt boundaries and revive onshor... |
Heidelberg Materials launches Green Finance Framework30 May 2024, Published under Cement NewsHeidelberg Materials has announced the launch of a Green Finance Framework to help fund the ongoing transformation and decarbonisation of the building materials sector. The company intends to issue Green Bonds to finance and/or refinance assets and capital expenditure associated with economic activities that meet or will meet the eligibility criteria defined in the Green Finance Framework. According to Heidelberg Materials, this will complement the sustainable finance portfolio contrib... |
Saint-Gobain in advanced talks to acquire CSR Ltd22 February 2024, Published under Cement NewsSaint-Gobain has approached the board of CSR Ltd, a leading Australian building materials company listed on the Australian Securities Exchange, with a non-binding indicative offer to acquire all of CSR’s issued share capital by way of a scheme of arrangement at an offer price of AUD9.00 (US$5.90) cash per share. Under Saint-Gobain’s proposal, CSR would be entitled to pay a final dividend of up to AUD0.25 per share for its financial year ending 31 March 2024, which would be deducted from the... |
Management changes at Vulcan Materials21 September 2023, Published under Cement NewsTom Baker, previously Vulcan Material’s chief operating officer, has been appointed to the position of president, effective immediately. In this role, Mr Baker will continue to lead enterprise-wide strategic initiatives and support and advise the company's senior leadership team, reporting to Tom Hill, chairman and CEO. “Tom has a deep understanding of the construction materials industry. Vulcan—and particularly our talented management team—will continue to benefit from his valuable ex... |
Holcim acquires FDT Flachdach Technologie GmbH17 February 2023, Published under Cement NewsHolcim has signed an agreement to acquire FDT Flachdach Technologie GmbH (FDT), a leading manufacturer of thermoplastic roofs with a strong presence in fast-growing European markets with 2022 net sales of EUR50m. As a technology and sustainability leader in its sector, FDT will complement Holcim’s integrated roofing offer and strengthen the geographical footprint of the business. With this acquisition, Holcim roofing systems will exceed US$4bn in net sales ahead of schedule, accoridng to t... |
Holcim expands presence in US roofing market25 January 2023, Published under Cement NewsHolcim has acquired a state-of-the-art fibreglass mat facility in Maryland, USA, from an affiliate company of Maryland Paper. This transaction expands Holcim’s technology platform for high-performing and durable roofing systems. By integrating fibreglass mat into its business, Holcim aims to deliver more value for its customers with an enhanced supply chain. According to the company, this investment supports Holcim’s expansion in the fast-growing US$45bn North America roofing market. Ja... |
Holcim acquires Wiltshire Heavy Building Materials07 October 2022, Published under Cement NewsHolcim has acquired UK-based Wiltshire Heavy Building Materials, a leading building solutions and material circularity company with net sales of over CHF20m (US$20.2m) in 2021. Driving circular construction, Wiltshire recycles 150,000t of construction and demolition waste (CDW) each year into aggregates and concrete with its state-of-the art material recovery system. Miljan Gutovic, region head EMEA at Holcim, says, "I am excited about the acquisition of Wiltshire, to advance our globa... |
Holcim buys Polymers Sealants North America05 October 2022, Published under Cement NewsHolcim has completed the acquisition of the Polymers Sealants North America (PSNA) division of Illinois Tool Works. PSNA is a leader in coating, adhesive and sealant solutions with 2022 estimated net sales of USD100m. With more than 150 employees and manufacturing plants in California, Arizona, Texas, Georgia and Massachusetts, PSNA will accelerate the growth of Solutions & Products, especially in waterproofing and coatings. PSNA’s innovation-driven approach is highly complementary t... |