Displaying items by tag: market
Romania: IBB Holding inaugurated a new €1.5m ready-mix concrete batching plant in Mogoșoaia, Bucharest. Money News has reported that the plant is the company’s fourth.
CEO Ion Crăciunescu said "Through this new concrete plant located in the north of Bucharest, we are in a favourable position to participate in tenders for infrastructure projects in this area and establish strategic partnerships with real estate developers. Moreover, we can ensure the quality of the materials used, faster and more efficient services. Our strategy is to offer services integrated with production, with responsibility towards the environment and towards future generations, adapted to each type of project in which we are involved: infrastructure, residential, commercial or industrial construction. The real need that Romania has both in terms of investments in infrastructure and in the housing fund, as well as the projects already started, leads us to look optimistically at the development of our businesses in the medium and long term."
World: Investment firm Insight Partners has forecast a composite annual growth rate (CAGR) of 3.3% in the global green cement and concrete market between 2023 and 2030. This will result in a total value of US$990m in 2030, compared to US$806m in 2023. Regionally, the firm expects the sharpest growth in South and Central America, with a CAGR of 10% to US$7.9m in 2030. North America is expected to grow at a rate of 5.4% annually, to US$190m, followed by Europe, at 4.5% to US$226m, Middle East and Africa, at 2.9% to US$13m, and Asia-Pacific, at 1.4% to US$553m. In 2023, Asia-Pacific commanded a 61% share of the global market. Europe’s share was 20% and that of North America was 16%.
US: Global Cement understands from material published publicly on Breedon Group’s website that the UK-based company acquired ready-mix concrete, aggregates and building products company BMC Enterprises for US$300m on 6 March 2023. This marks the group’s first entry into the US building materials sector. Breedon Group described the acquisition as a ‘compelling opportunity’ in the ‘fragmented and growing’ market. It described BMC Enterprises as a highly attractive, established business upon which to grow a new group platform in the US, in addition to its existing platforms in the UK and Ireland.
Breedon Group CEO Rob Wood said “The acquisition of BMC represents a compelling opportunity for Breedon to launch our third platform. BMC has an excellent performance track record over a sustained period and is positioned in an attractive market for future growth. As a high-quality aggregates and concrete business that has grown at pace, organically and through acquisitions, with a strong management team and deep local knowledge, BMC’s culture and values are fully aligned with the Breedon business model.” Wood added "The acquisition is expected to be earnings-enhancing for shareholders, while allowing Breedon to maintain a conservative and flexible balance sheet to pay dividends and make further bolt-on acquisitions across each of our platforms as opportunities arise.”
Nuvoco Vistas inaugurates second ready-mix concrete batching plant
23 February 2024India: Nuvoco Vistas has inaugurated its second ready-mix concrete plant, at Ranipur Milki Chak in Bihar’s Patna District. The producer said that the plant, called Patna-II, is strategically positioned for access both to local cement plants and the urban concrete market of Patna. The plant commands 60m3/hr of capacity and is equipped with a twin shaft mixer capable of producing all grades of concrete. Its products include Nuvoco Vistas’ XCON, CONCRETO, Light Weight Concrete, Fibre Enriched Concrete, High Strength Concrete, Water and Crack Resistant Concrete, Foundation Expert Concrete, ECODURE Green Concrete, ARTISTE Decorative Concrete Floors, and INSTAMIX Ready-to-Use Bagged Concrete.
Chief of the ready-mix concrete and modern building materials Prashant Jha said "The launch of the Patna-II plant underscores Nuvoco's dedication to providing innovative solutions to meet the evolving needs of the construction industry in Bihar. This new facility will not only strengthen our presence in the region but also enable us to serve our customers more efficiently."
US: Martin Marietta Materials has signed a deal to buy 20 aggregates operations in the Southeast US from Blue Water Industries for US$2.05bn. Reuters has reported that the partners expect to close the deal later in 2024. Martin Marietta Materials says that the acquisitions will help it to meet rising national demand for building materials. The North Carolina-based group operates aggregates sites in 28 US states, Canada and the Bahamas.
Martin Marietta Materials previously indicated that recent divestitures in its ready-mix concrete business and other areas would help it to ‘redeploy the proceeds into pure-play aggregates acquisitions.’
Polish Office of Competition and Consumer Protection approves Lafarge Polska’s acquisition of some Eurobud Chajewscy assets
05 February 2024Poland: The Office of Competition and Consumer Protection (UOKK) has conditionally approved Lafarge Polska's acquisition of certain assets of Eurobud Chajewscy. A condition for the approval is that Lafarge Polska sell the Piła concrete plant in Greater Poland. Baltic Legal Updates News has reported that this would enable Lafarge Polska to retain a single concrete plant in the city.
The UOKK said "Concentration in the proposed form would mean the lack of free choice of supplier and the risk of price increases for concrete buyers in Piła. The sale of one of the concrete plants in Piła will allow entrepreneurs to maintain fair competition on the local concrete supply market."
Nuvoco Vistas commissions new Hyderabad ready-mixed concrete plant
05 February 2024India: Nuvoco Vistas has commissioned a new ready-mixed concrete batching plant in Hyderabad, Telangana. The Hans India newspaper has reported that the new facility brings the producer’s total in the city to five.
Nuvoco Vistas’ chief of ready-mix concrete and modern building materials Prashant Jha said “The newly opened facility strengthens the company’s position in Hyderabad. It also plays a vital role in shaping the dynamic construction ecosystem of Medchal and its neighbouring areas. This expansion affirms the company’s commitment to meeting the changing demands of the construction sector.”
Czech Republic: Cemex Czech Republic has successfully commissioned its Prague-Libuš ready-mix concrete batching plant in Prague, following an upgrade. The upgraded plant can now process five types of cements and admixtures, including Cemex’s Vertua reduced-CO2 concretes and recycled aggregates. Cemex Czech Republic has installed two recycled aggregates production plants at the site to process residual concrete.
Cemex’s vice president materials, Central Europe, Ruediger Kuhn said “Our plant in Libuš forms an important part of our operation in the Czech republic, thanks to its interesting location in the wider centre of the capital and in the immediate vicinity of the planned construction of the Prague Metro D line. We are therefore very pleased to have this site reopened following a considerable investment.” He added “The development at this site confirms Cemex’s determination to offer its customers superior quality products while also meeting its sustainability objectives, supporting the circular economy and reducing emissions wherever possible.”
Oscrete acquires increased stake in Adcrete
06 December 2023Ireland/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.”
New UK concrete standard facilitates reduced-CO2 mixes
04 December 2023UK: The British Standards Institution has introduced a revised BS 8500 standard for concrete. The revised BS 8500 standard opens new possibilities for concrete producers to combine CEMII/A-L Portland limestone cement (PLC) and ground granulated blast furnace slag (GGBFS) in a wider range of exposure classes.
Mineral Products Association (MPA) chair and Cemex UK Materials managing director Lex Russell said “As the first UK company to introduce net-zero CO2 concrete in 2020, we have the ongoing responsibility to deliver lower carbon products at scale. The incoming changes to BS 8500 are welcomed by all at Cemex as it underpins our ambitious global goal for Vertua lower-carbon cement and concrete products to reach half of all cement and concrete sales by 2025.” He added “The amended concrete standard will serve to keep us on track with our decarbonisation goals, with the primary objective to become a net-zero CO2 company by 2050. It also aligns with our Future in Action programme to achieve sustainable excellence through climate action, circularity and natural resource management.”