In a 3-0 decision, an appeals court will not overturn the U.S. Environmental Protection Agency’s call for more stringent pollution controls at St. Marys Cement plant in Charlevoix, Mich., reported the Petoskey News-Review. St. Marys Cement challenged the EPA’s December 2012 rule that overturned Michigan’s regional haze plan and introduced more stringent standards for the company’s Charlevoix plant, arguing that…
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Lafarge, Holcim Salvage Merger
Europe’s two largest cement companies Holcim and Lafarge have rescued a stumbling $44.3 billion (41 billion euros) merger by reconciling differences over financial terms and management that nearly caused the collapse of one of the biggest deals in recent years, reported the Financial Times.
Read MoreHolcim Board Rejects Merger Deal
The pending merger between cement giants Holcim and Lafarge has come to a halt after Holcim’s board of directors “concluded that the combination agreement can no longer be pursued in its present form,” according to a released statement by the board. It “has proposed to enter into negotiations in good faith around the exchange ratio and governance issues.”
Read MoreHeidelbergCement Sells Hanson Building Products
HeidelbergCement completed the sale of its North American (excluding Western Canada) and United Kingdom building products business, collectively Hanson Building Products, to an affiliate of Lone Star Funds.
Read MoreHolcim Ecuador Launches Second Phase of Modernization Project
Holcim Ecuador reaffirmed its confidence in the country by inaugurating the second phase of the modernization project at its Guayaquil cement plant, representing an investment of about $400 million over the past five years. The project enables Holcim to produce 4,500 tpd of clinker at the plant replacing the need for imports (600 tpy) and increasing the company’s cement production…
Read MoreSt. Marys Cement to Reopen Dixon Plant
After closing its Dixon, Ill., plant in December 2008 amid economic downturn, St. Marys Cement will reopen the facility this spring, according to local media outlets.
Read MoreArgos: Net Profits Up 59 Percent for 2014
Argos announced that, based on solid results in the majority of the 12 countries in which it operates, the company closed 2014 with record figures. Argos sold 12.5 million metric tons of cement – about 8 percent more than in 2013, and in the concrete business, there was an increase of 18 percent in its sales, totaling 11 million cubic…
Read MoreCemex Recognized as Leader for Climate Change Transparency
For the third consecutive year, Cemex has been recognized in the CDP Latin America Climate Disclosure Leadership Index (CDLI) as one of the top eight companies in data disclosure related to environmental and CO2 emissions performance.
Read MoreHolcim México Announces New CEO
Rodolfo Montero was appointed the new CEO of Holcim México, effective March 1, succeeding Eduardo Kretschmer, who is retiring after 34 years with Holcim.
Read MoreMcInnis Cement Submits Project to Additional Conditions
McInnis Cement welcomed the Quebec government’s decision to draft legislation confirming that its Port-Daniel–Gascons’ project is not subject to the environmental assessment process. The company is confident that Bill 37 will dispel the uncertainty surrounding the project and will help in maintaining jobs. The proposed plant will create approximately 2,300 jobs per year during construction, including 700 on site. In…
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