Displaying items by tag: market

US: A joint study by the University of Colorado Boulder and Pennsylvania State University has demonstrated a lack of ‘granularity’ to regional benchmarks for the use of reduced-CO₂ concrete, while recognising the benchmarks as a ‘promising starting point.’ The team found that regional global warming potential (GWP) targets may be less attainable outside of metropolitan areas. The researchers noted that two cities – Los Angeles and New York – hold 41% of concrete environmental product disclosures (EPDs). In addition to a lack of access to concrete with EPDs, builders outside of the country’s cities face an increased burden of emissions due to transport.

UK: Scotland-based Akela Ground Engineering has inaugurated a new plant in County Armagh, Northern Ireland. Irish Construction News has reported that the plant will produce its ABeam precast concrete beam systems. The move purportedly aims to help overcome a local shortage of housing, thanks to Abeam systems’ rapid installation capabilities.

Spain: The National Association of the Precast Concrete Industry (ANDECE) has reported a 9% year-on-year rise in the total number of projects to use precast concrete during 2024. The association attributed this to ‘positive trends’ in construction activity during the final four months of the year.

Brazil: China-based Huaxin Cement has acquired Embu Engenharia e Comércio for US$186m. Migalhas News has reported that Embu Engenharia e Comércio mines 8.8Mt/yr of aggregates across its four quarries in São Paulo Metropolitan Region.

The completed acquisition marks the entry of the global top-10 cement producer into the Brazilian market. It previously acquired Brazil-based InterCement’s South African business in December 2023.

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.