Cemex nears $378 million Ready Mix USA buyout

Sources: Cemex, S.A.B. de C.V., Monterrey, Mexico; Staff reports

Pursuant to the exercise of a put option by Ready Mix USA, Cemex will assume full ownership in the two Cemex USA–Ready Mix USA joint ventures. Created in 2005, they span ready mixed, concrete block, cement and aggregate production and distribution operations in Alabama, Florida, Georgia and five other Southeast states.

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MIT buildings, pavements research position concrete for post-LEED accounting

Sources: CP staff; Portland Cement Association, Skokie, Ill.; RMC Research & Education Foundation, Silver Spring, Md.

Two studies from the Concrete Sustainability Hub at the Massachusetts Institute of Technology represent major advancements for construction-related life-cycle assessments (LCA), as they quantify cradle-to-grave cost and environmental impacts for buildings and pavements. Released August 11 as part of the Concrete Sustainability Hub’s 2011 Industry Day on the MIT Cambridge campus, the studies factor costs and embodied carbon dioxide levels at initial construction plus those of use and operations phases—based on energy consumption, maintenance and traffic delays—not fully accounted for in most LCAs.

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Cemex in Dominican Republic begins first major turnkey project in Santo Domingo

Source: Cemex, S.A. de C.V., Monterrey, Mexico

Cemex has recently began its first turnkey project in the Dominican Republic with its participation in the construction of one of capital city Santo Domingo’s biggest projects and the surrounding market. Mercatodo Santo Domingo is a new distribution center for agricultural and refrigerated products. It will require 12,500 cu. meters of ready mix concrete and is one of the biggest projects currently being undertaken in the country.

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ARRA spending continues to decline

Source: Portland Cement Association, Skokie, Ill.

According to a recent PCA report, 77.3 percent of total American Recovery and Reinvestment Act highway funds have been dispersed through July, compared to 75.6 percent in June. July highway stimulus spending was $452 million, a 31 percent decrease from June’s spending rate. Against year-ago levels, July’s spending volumes declined 64 percent. Spending has averaged $529 million in the last three months compared to a $1.168 billion average for the same period last year.

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