Displaying items by tag: sales

Canada: Cellular concrete products company Cematrix has closed US$4.45m in new supply deals since July 2024, GlobeNewswire has reported. The contracts all cover projects in North America, most of which are scheduled for completion later in 2024.

President and CEO Jeff Kendrick said “With the addition of these new contracts, net of sales to the end of September 2024, our current backlog now stands at US$53.6m."

Romania: Concrete paving slab producer Symmetrica's sales grew by 40% to €30.2m in the first half of 2024, driven by strong demand for road and water infrastructure projects. Sales volumes also grew, by 30%, to 2.7Mm². The producer noted high costs, which it partly offset by raising its prices. It also faced collection issues and a decline in residential demand.

SeeNews has reported that Symmetrica is currently building a new €48m concrete paving slab plant Bucharest. When commissioned in mid-late 2024, it will be the largest plant of its kind in the region.

Saudi Arabia: Al-Kifah Precast says that it is preparing to expand into other Middle Eastern countries, having more than tripled its sales since 2020. CEO Ehab Abu Salim says that the producer was a strategic supplier of precast concrete for Red Sea Global’s Red Sea Project in Tabuk Province, and now aims to support other major projects like the Neom new city and Amaala resort, also in Tabuk Province. Gulf Construction News has reported that the company has invested in research and development to establish best practices, as in its partnership with a UK-based company to produce marine concrete elements. It has reduced its CO₂ emissions through the use of alternative materials such as fibreglass, steel rebar and pozzolans.

Abu Salim said “Having a facility in the Red Sea Project was a strategic move. The plant produces all types of precast elements and we are also looking to improve the facility. We have an expansion planned; very soon it will be serving the entire region." He added “Precast technology helps to speed up projects, is more sustainable, offers higher quality, and the price is on par and sometimes even lower than using traditional construction solutions.”

Peru: Cemento Inka says that it plans to build a new ready-mix concrete batching plant in Trujillo, La Libertad Department. Nate's Crest News has reported that the plant will have a capacity of 87,700t/yr and cost US$150,000 to build. Commissioning is scheduled to follow eight weeks after the start of construction. The company, which holds a 4% share in the Peruvian cement market, recorded a 22% year-on-year fall in its concrete, paving and mortar sales during the first quarter of 2023. Over the same comparison period, domestic cement demand dropped by 15%.

Cemento Inka currently produces ready-mix concrete in the south of Peru at Cajamarquilla, Lima Province, while competitor Cementos Pacasmayo serves La Libertad and neighbouring markets in the north.

UK: Holcim has acquired recycled concrete and aggregates producer Wiltshire Heavy Building Materials. Wiltshire Heavy Building Materials' material recovery system enables it to process 150,000t/yr of construction and demolition waste for recycling. It operates multiple plants across Wiltshire, Berkshire, Gloucestershire and Oxfordshire, and generated Euro20.6m in sales in 2021.

Switzerland-based Holcim said that the acquisition will expand its UK subsidiary Aggregate Industries' position in the area between London and the West of England, and help the group to achieve its goal of 10Mt/yr-worth of construction and demolition waste recycled globally by 2025.