Cement News tagged under: Summit Materials
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... |
Summit completes deal with Argos USA16 January 2024, Published under Cement NewsSummit Materials has successfully completed its US$3.2bn combination with Argos North America Corp, the US operations of Cementos Argos SA . The combined company will be known as Summit Materials with Argos holding around a 31 per cent share. “Today, we are excited to begin a new chapter at Summit Materials,” said Anne Noonan, Summit Materials' president and CEO. “As we transition into the integration phase, I want to start by welcoming our new Argos colleagues into the Summit family.... |
Continental Cement signs hydrogen MoU24 October 2023, Published under Cement NewsSummit Materials , in partnership with its subsidiary Continental Cement Co , has signed a Memorandum of Understanding (MoU) with PCC Hydrogen Inc (PCCH2), a producer of negative carbon intensity hydrogen, to develop a fuel replacement strategy to lower carbon emissions from Continental's cement manufacturing process. The project aims to deploy negative carbon intensity hydrogen derived from ethanol as a replacement fuel for the existing hydrocarbon fuels used as a source of heat in the... |
Heidelberg Materials named as Summit mystery bidder24 October 2023, Published under Cement NewsJust weeks after it was reported that Summit Materials had entered into an agreement to merge with the US operations of Cementos Argos , Heidelberg Materials is allegedly lining itself up to acquire Summit Materials. According to Bloomberg, Summit Materials has rejected two takeover bids from an “unnamed party” in recent weeks, which has since been revealed as Germany-based Heidelberg Materials. With Argos USA home to four integrated cement plants, around 140 ready-mixed concrete p... |
Dome Technology completes Davenport cement DomeSilo project14 September 2023, Published under Cement NewsContinental Cement Co ( Summit Materials ) has built another DomeSilo with Dome Technology, this time at its Davenport , Iowa, USA facility. The DomeSilo can store 125,000stof cement powder, and according to Dome Technology’s records, the structure is among the largest-capacity cement storage facilities in the world, said Dome Technology sales manager, Lane Roberts. The dome size is a response to demand that has been building for the past decade. CCC Davenport ran short on storage for ... |
Argos and Summit Materials to combine US operations08 September 2023, Published under Cement NewsCementos Argos has agreed to combine its operations in the USA with Summit Materials Inc , aiming to create a leading building materials platform on national scale. Cementos Argos (Grupo Argos) has entered into a definitive agreement with Summit Materials, under which they will combine their operations in the US to create a leading platform in the building materials industry. The agreement will have a component of stock consideration worth approximately US$2bn and cash payment of appro... |
Continental Cement orders FLSmidth FUELFLEX® Pyrolyzer24 May 2023, Published under Cement NewsHaving been impressed with the first pre-commercial installation of the F UELFLEX ® Pyrolyzer at the Mannok cement plant in Ireland, Continental Cement ( Summit Materials Inc ) has awarded FLSmidth a contract for the first commercial installation of this new technology at its Davenport cement plant in Buffalo, Iowa, USA. The F UELFLEX Pyrolyzer, a significant lever in FLSmidth’s Green’26 strategy, enables cement plants to replace fossil fuels with waste-derived fuels in the calciner.... |
Continental Cement Co to open new cement storage facility16 March 2023, Published under Cement NewsContinental Cement Co, LLC ( Summit Materials, Inc ) will host a ribbon cutting event for its new cement storage dome in Davenport , Iowa, USA, on 20 March 2023. “The investment by Summit Materials of approximately US$30m in the largest cement storage dome in North America, represents a strong vote of confidence in Continental Cement and a commitment to sustained operations and investment in the State of Iowa,” said David Loomes, president of Continental Cement. The dome provides ... |
Continental Cement produces lowest carbon PLC to date24 October 2022, Published under Cement NewsContinental Cement Company LLC , a subsidiary of Summit Materials , has produced a 20 per cent Portland limestone cement (PLC), the lowest carbon PLC to date, as part of a research project for the Minnesota Department of Transportation (MnDOT) and the National Road Research Alliance. The research project evaluated the performance of low carbon cement products for use in future transportation infrastructure procurement and material selection to reduce overall environmental impacts. PLC ... |
Continental Cement achieves a 20% lower carbon Portland cement21 October 2022, Published under Cement NewsContinental Cement Company LLC ( Summit Materials Inc ) produced a 20 per cent Portland limestone cement (PLC), the lowest-carbon Portland limestone cement to date as part of an innovative research project for the Minnesota Department of Transportation (MnDoT) and the National Road Research Alliance project. The research study evaluates the performance of low-carbon cement and concrete products for utilisation in future transportation infrastructure procurement and material selectio... |