Displaying items by tag: market
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.
Oldcastle Infrastructure acquires Cook Concrete Products
12 November 2024US: 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."
Raubex raises sales in first half of 2025 financial year
11 November 2024South 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.”
Baines Concrete to close down
07 October 2024Australia: 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."
Premier Concrete Products to install concrete pipes unit at Livingston Parish concrete plant
04 October 2024US: Premier Concrete Products is expanding its Livingston Parish concrete plant in Louisiana with the construction of a new concrete pipes production unit. The company plans to invest US$10m in the line. It will employ 33 workers when operational later in 2024. It will be equipped with an automated concrete batching system, ‘high-level’ curing equipment and overhead cranes.
President Cody Colvin said “We are excited about the partnership we have with the Livingston Parish community.” He added, “This expansion will add jobs and will serve to satisfy a shortage of precast concrete infrastructure that currently exists in Louisiana and the Southern US. We are very excited to work with Livingston Parish President Randy Delatte and the whole Livingston community.”
Ready-mix concrete producers in Jeonju to obtain environmental product declarations
26 September 2024South Korea: 13 small and medium-sized operators of ready-mix concrete plants in Jeonju, North Jeolla, have announced their intent to procure environmental product declarations (EPDs) for their products. The companies include Daeyeon Concrete and Seoji Ready-mixed Concrete. The Maeil Business Newspaper has reported that construction firm Posco E&C will cover part of the costs of the certifications.
Posco E&C said that this collaboration will help it to ensure a supply of reduced-CO2 concrete for its upcoming residential property developments in Jeonju.
The Sarjeant inaugurates Parry Sound ready-mix concrete plant
26 September 2024Canada: The Sarjeant has inaugurated its new Parry Sound ready-mix concrete plant. The plant is intended to help meet growing demand and support the growth of the local construction industry. Local press has reported that the project was partly funded by a US$298,000 grant from the Northern Ontario Heritage Fund Corporation. In turn, The Sarjeant donated US$37,100 to the Let’s Make a Splash campaign for construction of the upcoming West Parry Sound Recreation and Cultural Centre.
Al Kifah Ready Mix & Blocks updates on sustainable practices
11 September 2024Saudi Arabia: Al Kifah Ready Mix & Blocks has updated the market on its achievements in the sustainable concrete space in Saudi Arabia. The producer’s mixes include slag-based aggregates, as well as natural pozzolans and CO2 injected using equipment developed by Canada-based CarbonCure. Gulf Construction News has reported that the company's range of ultra-low CO2 ConGreen concrete products and BloGreen concrete blocks have supported projects including the Aramco Stadium project in Al Khobar, Qiddiya amusement park in Riyadh and King Salman Global Maritime Industries Complex in Jubail.
General Manager Nigel Harries said "Al Kifah Ready Mix & Blocks’ products have been widely adopted in mega and giga projects across the kingdom and have proved their high performance, thus strengthening the company’s position in the Saudi market. Al Kifah’s green solutions have unique properties that facilitate tasks on the job site through their better workability and finishability. They can be considered an all-in-one solution, offering zero wastage, zero mobilisation time, lower emissions and a smart way for supplying concrete in remote areas."