Cemex announced its participation in multiple government-sponsored sustainability initiatives, securing funding from state and federal programs to deploy several lower-emission vehicles across its U.S. footprint. This investment is a crucial step in the company’s ongoing efforts to decarbonize its operations, the company stated.
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Heidelberg Materials Touts ‘Persistently Strong Performance in North America’
Heidelberg Materials reported that it closed the third quarter of 2024 with a strong performance. The company increased its result from current operations before depreciation and amortization (RCOBD) by 3% to €1,451 million (previous year: 1,393), while further improving its RCOBD margin by 39 basis points to 25.2% (previous year: 24.8). The result from current operations (RCO) grew by 3%…
Read MorePCA Comments on Election
Nov. 6, 2024 – The Portland Cement Association (PCA) – representing America’s cement manufacturers – said it congratulates and looks forward to working with President Donald J. Trump and both newly-elected and returning members of Congress. “PCA is eager to work with the incoming administration to create market‐based policies and initiatives that will enable the cement and concrete industry’s continued…
Read MoreWhite House Credits Industry for Bolstering Buy Clean Initiative
A mid-October White House update on the progress of the Federal Buy Clean Initiative and companion Department of Energy (DOE) Industrial Demonstration Program, references Cemex USA, Heidelberg Materials North America, and Summit Materials for their commitment to measures that advance decarbonization goals or strategies underpinning Buy Clean and Industrial Demonstrations activities.
Read MoreABB, Komatsu to Collaborate on Electrification Platform
ABB and Komatsu have signed a Strategic Collaboration Agreement to collaborate on the development of integrated solutions that will help bring net-zero emissions for heavy industrial machinery a step closer to reality. The collaboration brings two global leaders together to share industry expertise and products in a bid to create world-class solutions, ranging from renewable energy generation to fully electrified…
Read MoreCalPortland Signs Patent License Agreement With Solidia
Taiheiyo Cement Corp. announced that its subsidiary, CalPortland Company (CPC) has signed a license agreement with Solidia Technologies Inc., a Texas-based company specializing in low-carbon cement and concrete, regarding patents focused on reducing CO2 emissions. Taiheiyo Cement Group implemented its “Carbon Neutral Strategy 2050” with the aim of achieving carbon neutrality throughout the entire supply chain by 2050. To achieve this…
Read MoreA Strong Start to Shipping Shows Resilience on the St. Lawrence Seaway
Early tonnage figures show a strong start for the 66th navigation season on the St. Lawrence Seaway demonstrating the resilience, predictability, and sustainability of the binational system. Early fleet positioning due to low winter ice coverage on the Great Lakes jump-started grain and potash traffic. Canadian and U.S. grain totals increased by 39,000 metric tonnes over the previous year, totaling…
Read MoreCemex U.S. Business Up 6% in 2023
Cemex reported 2023 results, with an 8% growth in sales to $17,416 million in 2023, and 5% to $4,243 million in the fourth quarter. This performance, coupled with the board’s confidence in the medium-term outlook and strong free cash flow generation over the last few years, allows Cemex to initiate a formal shareholder return program, subject to approval at the…
Read MoreHolcim Names Gutovic CEO
Holcim’s board of directors appointed Miljan Gutovic as chief executive officer (CEO) of Holcim, effective May 1. He will succeed the current CEO Jan Jenisch, who will focus on his role as chairman and will stand for re-election at the AGM in May. Also, the board has tasked Jenisch to lead the planned U.S. listing of Holcim’s North America business.…
Read MoreHolcim to Spin Off North American Business by 2025
Holcim announced its intent to publicly list its North American business in the United States with a full capital market separation. This process “will create the leading pure-play building solutions company in the region,” the company stated. The newly-listed business will be committed to driving long-term growth in the rapidly expanding North American market and unlocking value for all its…
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