Cement and concrete producer GCC announced positive results for the second quarter of 2021. Consolidated net sales increased 18.1% to $286.7 million, while EBITDA increased 18.6% to $97 million, with a 33.8% EBITDA margin. “GCC is off to an excellent first half of the year, we are very pleased with the results delivered – increasing top and bottom-line growth and…
Read MoreYear: 2021
Lafarge Supplies First ECOPact Zero Concrete in Eastern Canada
The Lafarge Kingston, Ontario, plant produced and delivered the first ECOPact Zero concrete in Eastern Canada in late July. The milestone also marked the first time utilizing ECOPlanet cement in the mix.
Read MoreFlexicon Expands World Headquarters
Flexicon Corp. has expanded manufacturing space at its headquarters in Bethlehem, Pa., by 50,000 sq. ft. to meet increased demand for its bulk handling equipment and systems, said David Boger, executive vice president of Flexicon. The new space is slated primarily for warehousing of sub-assemblies, crating, and staging of assembled equipment. This includes stocking of Quick-Ship models of flexible screw…
Read MoreCementos Argos Highlighted in Sustainability Index
Colombian cement company Cementos Argos is once again highlighted in the FTSE4 Good Sustainability Index for its solid environmental, social and governance (ESG) practices. This year Argos is the only Colombian company to achieve an outstanding listing in the construction materials category. “We are very excited about being included in the FTSE4Good, because it recognizes the importance of sustainability management…
Read MorePCA: Cement Consumption Continues to Climb
The Portland Cement Association (PCA) Market Intelligence Group’s Senior Vice President and Chief Economist Ed Sullivan presented the association’s annual summer cement market outlook, predicting an increase in cement consumption over the next four years. Cement consumption through June 2021 increased 7.4%, said Sullivan during a webinar presentation of the outlook. However, he noted that as residential construction strength has…
Read MoreCEMEX Ventures Invests in Carbon Clean
CEMEX Ventures, CEMEX’s corporate venture capital and open innovation unit, is the newest investor of Carbon Clean. The carbon capture tech company recently raised $8 million from CEMEX Ventures and its existing investors, bringing total capital raised in the last year to $30 million.
Read MoreCEMEX Strengthens Guatemala Presence
As part of its growth strategy, CEMEX will increase capacity in Guatemala with the construction of a $25 million grinding mill at its cement plant.
Read MoreWCA Names Newest Member
The World Cement Association (WCA) said global energy technology company Baker Hughes is the latest addition to its international community, joining as an associate corporate member.
Read MoreHolcim Sells Brazilian Business for $1 Billion
Holcim has reached a deal with Brazilian steelmaker CSN (Companhia Siderúrgica Nacional) for the divestment of its business in Brazil for an enterprise value of $1.025 billion. The sale includes five integrated cement plants, four grinding stations, six aggregates sites and 19 ready-mix concrete facilities.
Read MoreCEMEX, Volvo Aim to Create First Zero-Emission Fleet
CEMEX will work together with Volvo Construction Equipment and Volvo Trucks to develop a zero-emissions fleet with electromobility solutions that aligns with CEMEX’s climate action program, Future in Action.
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