Displaying items by tag: Argos USA

US: Bagged concrete and cement mixes producer Quikrete has submitted an acquisition offer to cement, concrete and aggregates company Summit Materials. Summit Materials is reportedly valued at over US$7bn. The company confirmed to Reuters that its board is in initial discussions over a non-binding acquisition proposal.

Summit Materials combined its business with Cementos Argos subsidiary Argos USA in January 2024.

US: A court in Savannah, Georgia, has sentenced Evans Concrete and four executives for conspiring to fix prices, rig bids and allocate jobs in the local ready-mix concrete business between 2010 until 2016. Foreign Affairs News has reported that Evans Concrete will pay a US$2.7m fine, while alleged co-conspirator Argos USA will pay a US$20m criminal penalty under a deferred prosecution agreement. Of the four individuals, three will serve combined prison sentences of 72 months and pay a total US$210,000 in fines and one received a year’s probation.

The Justice Department’s Antitrust Division said "The Antitrust Division and its law enforcement partners will hold accountable those who seek to exploit the critical need for these materials to harm consumers."

US: Argos USA has invested US$40m in 200 new ready-mix concrete mixer trucks, as the first phase of a five-year fleet expansion and replacement plan. The company says that the vehicles have a useful life of 8 – 10 years, or 53,500m³. It expects to make its next truck purchases in early 2023.

Argos USA ready-mix president Richard Edwards said "With the acquisition of these new assets, we continue our dedication to delivering extraordinary solutions to customers, helping facilitate the progress and development of the cities and communities where we have a presence. Our new trucks have a capacity of around 7.5m³ of concrete, are approximately 15% more fuel efficient than our previous trucks, and result in lower atmospheric emissions. They are also vehicles with the latest safety equipment, to continue ensuring the safety of our employees and everyone we share the road with daily."

US: The Slag Cement Association (SCA) has announced the recipients of its 2021 Slag Cement in Sustainable Concrete Awards program. Thirteen construction projects were chosen to showcase the broad applications of slag cement and its impact on creating more durable and sustainable concrete. The infrastructure winners included projects with slag cement supplied by companies including Argos USA, Cemex, Lehigh Hanson, Ozinga, Skyway and St Mary’s Cement. These projects included work on roads, bridges, residential construction, a concert venue, a sport stadium, airports, a theme park and a hydroelectric dam. Two research projects on slag cement from Cleveland State University and Florida State University were also recognised.