Displaying items by tag: growth

Switzerland: Carbon capture and storage (CCS) equipment developer and supplier Neustark says it plans to more than double the number of its CO₂ storage sites in Austria, France, Germany, Switzerland and the UK to 34 from 14. Neustark’s process turns mineralised captured CO₂ and existing mineral waste streams into useful limestone. Building materials producers lease Neustark’s storage sites to produce reduced-CO₂ alternatives such as recycled concrete. The sites currently have a total storage capacity of 5000t. Existing customers include Holcim.

Neustark CEO Johannes Tiefenthaler said “Neustark is scaling up rapidly, and we’re well on track to achieve our aim of permanently removing 1Mt of CO₂ by 2030. Our global goal is a series of reliable, region-specific CCS facilities that can be replicated anywhere, offering immediate sustainability benefits to local supply chains.”

Ireland/UK: UK-based construction chemicals company Oscrete has raised its stake in its Northern Ireland-based distributor, Adcrete, to 90%. The group says that this will enlarge its customer base across Ireland in line with its 2024 strategic growth plan.

Director Scott Wilson said “The strengthened Oscrete business model and presence in Ireland will ensure the team has the infrastructure and the expertise to become the leading supplier of concrete admixtures and additives in the country.” He added “Our growth and turnover in Ireland has increased by 200% in the last four years and this growth serves to support the wider business operations.”

US: Ireland-based CRH has concluded a deal for the acquisition of Martin Marietta Materials’ South Texas business. This includes 20 ready-mix concrete batching plants, alongside the Hunter cement plant and a network of cement terminals on the Gulf of Mexico. The value of the transaction is US$2.1bn.

CRH CEO Albert Manifold said “The acquisition of these high-quality assets further strengthens our market leading position in Texas and increases our exposure to attractive, high-growth markets. Our ability to leverage our cement expertise and technical capabilities will enable us to enhance and optimise our existing footprint in Texas, resulting in significant synergies and self-supply opportunities. This transaction reflects our disciplined approach to capital allocation as well as our commitment to deliver further growth and value creation for our shareholders. We also believe there is significant potential to unlock additional growth opportunities across an expanded footprint in this attractive growth market.”

Guatemala: Switzerland-based Holcim has acquired mortars and adhesives producer Minerales y Agregados, Reuters has reported. Holcim described Guatemala as a 'high-growth market.'

Canada: Mexico-based Cemex has concluded a deal to acquire aggregates producer Atlantic Minerals Limited. Atlantic Minerals Limited operates an aggregate quarry and port facilities in Newfoundland. Cemex described the business as 'well-positioned' to supply aggregates to its customers in Florida, where it expects 'sustained' growth in demand, as well as elsewhere in the Eastern US. After the acquisition is complete, Atlantic Minerals Limited will continue to operate as Cemex Materials Newfoundland.

Cemex USA president Jaime Muguiro said “This acquisition significantly strengthens our existing network and enables us to serve new markets. I look forward to building on the success of this business as we meet increased demand from the private and public sectors, including critical investments in federal and state infrastructure.”

Germany: Ireland-based CRH has agreed to sell its subsidiaries Opterra Zement and Opterra Beton to Thomas Gruppe. Thomas Gruppe expects to complete its acquisition of the businesses later in 2022. Opterra Zement owns the 1.4Mt/yr Karsdorf, Saxony-Anhalt, cement plant and 0.5Mt/yr Sötenich, North Rhine-Westphalia, grinding plant, the latter of which is closed. Opterra Beton operates the Neufahrn, Bavaria, ready-mix concrete batching plant.

Thomas Gruppe said "For years, we have been pursuing a steady and long-term growth course in the field of cement and precast and ready-mix concrete. In the cement segment, our competitive position improved significantly with the purchase of the Erwitte (North Rhine-Westphalia) plant in 2017. Together with the grinding plant in Dorndorf (Thuringia), we have achieved a significantly larger area coverage in Germany, and also in the Netherlands, and benefit from synergy effects." It continued "We would like to continue on this growth course. An opportunity like the one to take over the cement plant in Karsdorf does not come often. The Karsdorf plant, with its gigantic limestone deposits, its market position of well over 1Mt/yr of cement and its experienced team, enables us better to supply our customers, and to leverage improvement potential. In addition, Karsdorf is of sufficient size for us to implement CO₂ separation technology in its production of clinker for the Dorndorf grinding plant." Thomas Gruppe concluded "We are convinced that cement will become a clean building material and believe in its future."

UK: Oscrete has doubled its laboratory footprint after carrying out an expansion at its concrete laboratory. The upgrade consists of a new wet production area and New Product Development area. The additives producer said that it plans to use the increased space for on-site customer training. The company says that it is now on a ‘recruitment drive’ to develop its concrete technician team.

Technical and development manager Dean Clarke said “Expanding our lab is a key objective following our move into independence at the start of 2022, so we are delighted to now have more capacity, increased product innovation and the resulting need to develop our team. He continued “We are a company committed to delivering and problem solving for our customers, particularly during these exceptionally challenging times of supply chain disruption.”

Germany: Austria-based Baumit has acquired four ready-mix dry mortar plants from Dr. Arnold Schäfer GmbH. The Kronen Zeitung newspaper has reported that the plants are licenced to mix Sakret brand mortars.

The acquisition brings Baumit’s total number of building materials production facilities in Germany to 14.