Displaying items by tag: Texas
CRH to acquire Martin Marietta Materials’ South Texas business
21 November 2023US: Ireland-based CRH has concluded a deal for the acquisition of Martin Marietta Materials’ South Texas business. This includes 20 ready-mix concrete batching plants, alongside the Hunter cement plant and a network of cement terminals on the Gulf of Mexico. The value of the transaction is US$2.1bn.
CRH CEO Albert Manifold said “The acquisition of these high-quality assets further strengthens our market leading position in Texas and increases our exposure to attractive, high-growth markets. Our ability to leverage our cement expertise and technical capabilities will enable us to enhance and optimise our existing footprint in Texas, resulting in significant synergies and self-supply opportunities. This transaction reflects our disciplined approach to capital allocation as well as our commitment to deliver further growth and value creation for our shareholders. We also believe there is significant potential to unlock additional growth opportunities across an expanded footprint in this attractive growth market.”
Solidia Technologies ignites pilot line at San Antonio headquarters
01 November 2023US: Solidia Technologies has commenced production of its mineralised CO2-based supplementary cementitious material (SCM) at a pilot line at its headquarters in San Antonio, Texas. The pilot line increases the company’s production capacity of the SCM by a factor of 25.
Solidia Technologies senior director of strategy and business development Pradeep Ghosh said "With the dramatic increase in production capacity that the new pilot line brings, we are now shipping significant quantities of Solidia SCM to ready-mix concrete producers, transport agencies and contractors to qualify and trial our material."