Cement News tagged under: aggregates
CRH supplies major highway project in Utah28 April 2023, Published under Cement NewsCRH is playing an integral part in the West Davis Corridor project in Utah, USA. The 27km (17-mile), four-lane greenfield highway project will include freeway-style interchanges and 10 miles of new trails for biking and walking. Construction of the corridor began in 2021 and will require 7.2Mt of aggregates, 445,000t of asphalt and 42,050m 3 (55,000 cubic yards) of ready-mixed concrete. Staker Parson Materials & Construction, a CRH company, is delivering key components to the project,... |
Heidelberg Materials acquires RMS Gravel Inc06 April 2023, Published under Cement NewsHeidelberg Materials has acquired all operating assets and reserves of RMS Gravel Inc, a producer of high-quality sand and gravel products located in the Central New York market. The assets of RMS include a single quarry with a fixed processing plant, five portable crushing plants and a material hauling business. “The acquisition of RMS further strengthens our vertically integrated footprint in the growing Central New York area,” said Alex Car, president of the Northeast Region for H... |
Holcim Romania expands aggregates portfolio04 April 2023, Published under Cement NewsHolcim Romania has expanded its aggregates division by acquiring Stones Business Development SRL, one of the main suppliers of aggregates in the Bucharest-Ilfov area of Romania. With this transaction, Holcim has secured a volume of high-quality aggregate reserves and strengthened its position including in the Bucharest-Ilfov area, one of the areas with the highest growth in the construction sector in Romania. The deal was approved by the Competition Council and completed on 31 March 2023. ... |
Heracles Group set to acquire Larsinos SA07 March 2023, Published under Cement NewsHeracles Group ( Holcim group ), announces the agreement to acquire 100 per cent of Larsinos SA. This acquisition is part of Heracles Group’s growth strategy. The agreement is subject to the approval by the Greek Competition Commission. Larsinos SA is a fast-growing ready-mix concrete company with assets that include commercial plants, on-site/jobsite ready-mix concrete, aggregates and quarrying. With this acquisition, in the ready-mix concrete sector, Heracles Group expands ... |
Adbri successfully navigates challenging year03 March 2023, Published under Cement NewsAustralia-based Adbri released its 2022 financial results this week and reported a YoY revenue increase of 8.4 per cent to AUD1.7bn (US$1142m). While the building materials producer celebrated 140 years of being in business last year, it turned out to be one of the most challenging years for the company with inflationary pressures and wet weather events. However, Adbri's sustainability path progressed and it was linked to the company's Net Zero Emissions Roadmap (NZER) from May 2022, while i... |
Vulcan Materials sees revenues advance in 2022 despite poor weather17 February 2023, Published under Cement NewsVulcan Materials has announced total revenue of US$7315m in 2022, up from US$5552m in the previous year. Adjusted EBITDA came in at US$1626m in 2022, compared to US$1451m in 2021, while gross profit advanced from US$1373m in 2021 to US$1558m 12 months later. In the fourth quarter of 2022, total revenue stood at US$1732m, versus US$1606m in the 4Q21. Adjusted EBITDA fell from US$383m in the 4Q21 to US$375m in the same period a year later, while gross profit remained stable at US$350m in... |
MPA welcomes news of urgent review of UK planning policy16 February 2023, Published under Cement NewsUK producers of essential materials for infrastructure projects have welcomed news that an urgent review of national planning policy for major projects is to be carried out. UK chancellor, Jeremy Hunt, has asked the National Infrastructure Commission (NIC) to identify how the planning system could create greater certainty for infrastructure stakeholders – including the supply chain – ahead of an action plan on the UK’s Nationally Significant Infrastructure Projects (NSIPs). In its recen... |
Eagle Materials achieves record revenue27 January 2023, Published under Cement NewsEagle Materials has reported record revenue of US$511m in the third quarter of fiscal 2023 ended 31 December 2022, marking a YoY increase of 10 per cent. Record net earnings were also seen over the quarter, coming in at US$117m, up 14 per cent YoY, while net earnings per share (EPS) advanced by 26 per cent to US$3.20. Adjusted EBITDA saw growth of 14 per cent YoY to US$199m. Commenting on the results, Michael Haack, president and CEO of Eagle Materials, said, “We are pleased to announc... |
CEMEX acquires Atlantic Materials27 January 2023, Published under Cement NewsCEMEX has agreed to acquire Canada-based Atlantic Minerals Ltd, including a construction and chemical aggregates quarry and port operations. With this investment, CEMEX has secured a new long-term aggregates reserve for its extensive Florida operations and the US east coast, as well as a source of chemical-grade stone serving a broader geographic footprint, according to the company. The acquisition is expected to increase CEMEX’s aggregates reserves for the US market by approximately 20 pe... |
Holcim extends aggregates reach with US acquisition23 January 2023, Published under Cement NewsHolcim has acquired the sand and aggregates quarries of Pioneer Landscape Centers, a market leader in the fast growing metropolitan US markets of Denver, Phoenix and Colorado Springs and a major supplier of construction aggregates for the region. The transaction includes thirteen quarries and complements Holcim’s December 2022 acquisition of aggregate reserves in Greeley, Colorado. According to the company, the acquisitions will support Holcim’s growth in the region for several decades... |