UAE: Fujairah Building Industries’ sales rose by 14% year-on-year to US$40.4m in the first nine months of 2024, from US$35.4m in the corresponding period of 2023. As a result, the producer grew its net profit by 39%, from US$3.31m to US$4.61m.

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."

US: Bagged concrete and cement mixes producer Quikrete has submitted an acquisition offer to cement, concrete and aggregates company Summit Materials. Summit Materials is reportedly valued at over US$7bn. The company confirmed to Reuters that its board is in initial discussions over a non-binding acquisition proposal.

Summit Materials combined its business with Cementos Argos subsidiary Argos USA in January 2024.

Greece: Titan Cement Group subsidiary Interbeton has launched Velter, a circular, 30% reduced-CO₂ ready-mix concrete. The product comes with a Type III environmental product declaration from Eurocert.

Director of concrete operations Christoforos Voulgaris said "This new product line gives engineers, architects, builders and investors the opportunity to differentiate their projects with improved durability and a meaningful contribution to mitigating the effects of climate change.”