UK: US-based Stellex Capital Management has acquired ready-mix concrete producer and haulier Fox Brothers. Fox Brothers’ portfolio also includes aggregates recycling, quarrying and muck-away services, under subsidiaries including B&W Plant Hire & Sales, Monks Training Services, Tipworx and Woods Waste. Following its acquisition by Stellex Capital Management, Fox Brothers will now merge with ready-mix concrete and aggregates producer JA Jackson.
Ready-mix concrete producers in Jeonju to obtain environmental product declarations
South 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
Canada: 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.
Bett Company and Line Enterprises among concrete pole suppliers to Kenya Power
Kenya: The Daily Nation newspaper has reported the value of contracts of various concrete pole suppliers to utilities provider Kenya Power. Bett Company, a subsidiary of China-based Zhai Yan Quan and Yang Yi, holds contracts worth US$1.49m, Line Enterprises holds contracts worth US$1.35m and Rai Cement holds contracts worth US$920,000.
Kenya Power is in the process of expanding its power supply network using concrete poles, with financial backing from the EU, European Investment Bank, French Development Agency and Japan International Cooperation Agency.
