HeidelbergCement AG Exploring Sale of U.S. Assets?

Dec. 22, 2020 – According to reports, HeidelbergCement AG is exploring the sale of U.S. assets as Chief Executive Officer Dominik von Achten seeks to divest peripheral businesses. Germany’s largest cement maker is reportedly working with Morgan Stanley on the sale of the operations in California. The unit could fetch an estimated $1.5 billion. HeidelbergCement’s advisers recently sent initial marketing documents…

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LSU Researchers Advance Work in Bendable Concrete

In 2019, researchers from Louisiana State University’s (LSU) Bert S. Turner Department of Construction Management advanced their research into Engineered Cementitious Composites, or “bendable concrete,” by adding a new ingredient to the recipe and replacing the fine river sand used with sugarcane bagasse ash (SCBA).

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PCA Forecasts Cement Consumption Decline Into 2021

The Portland Cement Association (PCA) released its annual Fall Forecast, which predicts a modest decrease in cement consumption during 2020 and 2021. PCA Market Intelligence expects cement consumption, based on the weighted average of three different economic scenarios, will lessen by 1.5% for the remainder of 2020 and 0.9% in 2021.

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Sullivan Speaks

Sept. 8, 2020 – Portland Cement Association Chief Economist and Senior Vice President Ed Sullivan postulated two likely economic scenarios for the future as he gazed into his crystal ball. In the newly released briefing, “Coronavirus Impacts on the US Cement Industry,” Sullivan suggests the possibility of a W-shaped model that includes a slide back into recession due to a significant rise…

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Summit Materials Details Strong Quarterly, Yearly Results

Summit Materials Inc. announced results for the fourth quarter and full year 2019. For the three months ended Dec. 28, 2019, the company reported net income attributable to Summit Inc. of $35.7 million, or $0.32 per basic share, compared to a net loss attributable to Summit Inc. of $19.2 million, or $(0.17) per basic share in the comparable prior-year period. 

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