Colombian industrial conglomerate Grupo Argos has reportedly approached Denver-based Summit Materials about a merger, according to Reuters’ sources. The company would combine its subsidiary Cementos Argos, which currently operates six U.S cement plants and 15 terminals, with Summit in a deal to further bolster its U.S. footprint.
Cemex announced it has successfully completed the deployment of its Cemex Go platform worldwide, setting the foundation for a higher standard of customer service in the global building materials industry. The digital solution automates order-to-cash workflows, enabling Cemex customers to purchase products, track deliveries and manage orders seamlessly in real time.
A strategic portfolio review initiated in early April has spawned a board-approved plan to separate Eagle Materials’ principal businesses – portland cement and wallboard production –into independent, publicly traded corporations. The proposed separation is scheduled for completion during the first half of 2020, and will entail a tax-free spin-off of stock in Heavy Materials and Light Materials entities to Eagle shareholders.
Cement sales in Brazil grew 5.7% in the first five months of the year to 21.6 Mt, according to preliminary figures from the country’s cement association SNIC.
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