Displaying items by tag: market

US: Four former owners of Cajun Ready Mix Concrete have launched HRM Concrete, a new ready-mix concrete company in Baton Rouge. The company aims to become a Gulf Coast regional operator. Business Report News has reported that HRM Concrete currently operates three batching plants and 30 mixer trucks.

At the time of its acquisition by Switzerland-based Holcim in 2022, Cajun Ready Mix controlled eight plants and 51 trucks.

UK: Breedon Group has acquired County Durham-based Micromix (Northern). InsiderMedia News has reported that Micromix (Northern)’s 25-ready-mix concrete truck fleet supplies small-batch deliveries to private and commercial customers in the North of England and parts of Scotland.

Türkiye: Market Insights Research has forecast a composite annual growth rate (CAGR) of 5.1% for the Turkish ready-mix concrete market up to 2029. This would increase it from US$5.53bn in 2024 to US$7.08bn in 2029.

India: Market research company Exactitude Consultancy has forecast that the ready-mix concrete market in India will increase at a composite annual growth rate (CAGR) of 9% between 2024 and 2030. It noted that this will result in a total market value of US$1.54tn. This is more than double its size one decade previously in 2020, of US$725bn.

Colombia: Cementos Argos has inaugurated four new ready-mix concrete batching plants in Bogotá. One plant is fixed and the other three are mobile, with a combined investment value of US$1.59m. Cementos Argos says that it has gained 276,000m³/yr in additional capacity as result.

Cementos Argos Colombia Central manager Alexander Pedraza said "The mobility situation in Bogotá has challenged us to innovate and develop solutions that allow us to be ever closer to our customers.”

World: Data company Research and Markets has forecast that the global precast concrete market will expand at a compound annual growth rate (CAGR) of 6% up to 2030, from US$24bn to US$35bn. It previously grew by 6% year-on-year from US$22.6bn in 2023.

US: CRH subsidiary Oldcastle Infrastructure has acquired precast concrete company Cook Concrete Products. Cook Concrete Products produces and sells precast elements in California, Oregon and Nevada.

Oldcastle Infrastructure president Jason Jackson said "Adding Cook Concrete Products to our business fills a geographic gap, bringing manufacturing capability and product breadth that will enable Oldcastle Infrastructure to deliver more value to our customers in the region."

Oldcastle Infrastructure president, West Region pipe & precast and stormwater, Matt Clemson said "Cook Concrete Products has extensive market knowledge, established customer relationships and a solid reputation as a provider of high-quality products and outstanding customer service. The addition of Cook Concrete Products strengthens our solutions offering and better positions us as our customers' strategic partner of choice."

South Africa: Raubex recorded sales of US$617m in the first half of the 2025 financial year, following ‘strong performances’ across all divisions. This corresponds to a 30% year-on-year rise. Operating profit also grew, by 35%, to US$47.7m.

Raubex’s gypsum, concrete and aggregates subsidiary OMV performed ‘well,’ according to the parent company. It attributed the performance to a growth in the local construction industry.

Saudi Arabia: City Cement subsidiary Nizak Mining Company has entered talks with UK-based calcined clay producer Next Generation SCM about a possible joint venture. The proposed joint venture will build a reduced-CO₂ concrete plant in Riyadh, with further such plants to follow. TradeArabia News has reported that commercial-scale production will commence in mid-late 2025, with an initial target capacity of 350,000t/yr.

City Cement CEO Majed Alosailan said "This joint venture is a significant step in our commitment to the continued growth of Saudi Arabia as a global materials and infrastructure hub. Not only will it support domestic job creation, it will also dramatically improve accessibility to critical low-carbon materials that we will soon be able to export around the region. As the materials transition continues to accelerate, finding solutions that support the Kingdom’s infrastructure ambitions hand in hand with sustainability targets is essential to realise the opportunity ahead."

Next Generation SCM CEO Christian Husum said "There are over 4bn people who live in urban areas right now, and that is going to increase by 2bn over the next 30 years. This is a massive, global building project, which is equivalent to building an additional New York City every month. Those cities will also need the infrastructure to cope with an influx of people and there is no way to do that without concrete. There is also no way for our planet to cope with concrete production at that scale unless we find a way of producing it without generating enormous amounts of carbon emissions. Now, there is a way. This joint venture will put the process into practice to bring about a revolution in how we build everything from stadiums to skyscrapers in Saudi Arabia, the Middle East and then the world.”

Australia: Ready-mix concrete producer Baines Concrete says that it will shut up shop in October 2024, ending its 45 years’ service to the construction sector in Woonona, New South Wales. Local press has reported that the producer took the decision to close based on the present economic climate. Allied company Baines Masonry Blocks will continue to operate its Appin block and paving products plant.

General manager Bill Hudson said "Despite our best efforts to sustain the business, the ongoing economic conditions have forced us to make this difficult decision. Our primary focus is to ensure a smooth transition for our clients, suppliers and partners alike. We are committed to fulfilling any outstanding obligations to the best of our abilities before the closure date."