Displaying items by tag: growth
Spanish concrete production hits 12-year high
15 April 2024Spain: Ready-mixed concrete production in Spain reached 26.3Mm3 in 2023, representing a year-on-year increase of 5.6% and the highest level in 12 years, according to the Spanish National Association of Ready-Mixed Concrete Manufacturers (ANEFHOP). In the last quarter, production grew to 6.38Mm3, a year-on-year increase of 5.8%.
Mexico: Holcim México has acquired the San Juan del Río and Balvanera ready-mix concrete plants in Queretaro from Grupo Comosa. The purchases raise the company’s ready-mix concrete production capacity by 120m³/hr and bring its total number of ready-mix concrete plants in Mexico to 72. As a result, Holcim México's production capacity in Queretaro will double to 432,000m³/yr. Grupo Comosa was the first ready-mix concrete producer in Mexico to obtain environmental product certification for its products, which Holcim México says aligns with its own focus on sustainability.
Director of concrete and aggregates Manuel Sirtori said "This expansion not only strengthens our production network, but also underlines our on-going commitment to sustainable construction and innovation."
World: Investment firm Insight Partners has forecast a composite annual growth rate (CAGR) of 3.3% in the global green cement and concrete market between 2023 and 2030. This will result in a total value of US$990m in 2030, compared to US$806m in 2023. Regionally, the firm expects the sharpest growth in South and Central America, with a CAGR of 10% to US$7.9m in 2030. North America is expected to grow at a rate of 5.4% annually, to US$190m, followed by Europe, at 4.5% to US$226m, Middle East and Africa, at 2.9% to US$13m, and Asia-Pacific, at 1.4% to US$553m. In 2023, Asia-Pacific commanded a 61% share of the global market. Europe’s share was 20% and that of North America was 16%.
US: Martin Marietta Materials has signed a deal to buy 20 aggregates operations in the Southeast US from Blue Water Industries for US$2.05bn. Reuters has reported that the partners expect to close the deal later in 2024. Martin Marietta Materials says that the acquisitions will help it to meet rising national demand for building materials. The North Carolina-based group operates aggregates sites in 28 US states, Canada and the Bahamas.
Martin Marietta Materials previously indicated that recent divestitures in its ready-mix concrete business and other areas would help it to ‘redeploy the proceeds into pure-play aggregates acquisitions.’
Neustark announces upcoming rapid expansion in Europe
19 January 2024Switzerland: Carbon capture and storage (CCS) equipment developer and supplier Neustark says it plans to more than double the number of its CO2 storage sites in Austria, France, Germany, Switzerland and the UK to 34 from 14. Neustark’s process turns mineralised captured CO2 and existing mineral waste streams into useful limestone. Building materials producers lease Neustark’s storage sites to produce reduced-CO2 alternatives such as recycled concrete. The sites currently have a total storage capacity of 5000t. Existing customers include Holcim.
Neustark CEO Johannes Tiefenthaler said “Neustark is scaling up rapidly, and we’re well on track to achieve our aim of permanently removing 1Mt of CO₂ by 2030. Our global goal is a series of reliable, region-specific CCS facilities that can be replicated anywhere, offering immediate sustainability benefits to local supply chains.”
Oscrete acquires increased stake in Adcrete
06 December 2023Ireland/UK: UK-based construction chemicals company Oscrete has raised its stake in its Northern Ireland-based distributor, Adcrete, to 90%. The group says that this will enlarge its customer base across Ireland in line with its 2024 strategic growth plan.
Director Scott Wilson said “The strengthened Oscrete business model and presence in Ireland will ensure the team has the infrastructure and the expertise to become the leading supplier of concrete admixtures and additives in the country.” He added “Our growth and turnover in Ireland has increased by 200% in the last four years and this growth serves to support the wider business operations.”
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.”
Holcim acquires Minerales y Agregados
15 June 2023Guatemala: Switzerland-based Holcim has acquired mortars and adhesives producer Minerales y Agregados, Reuters has reported. Holcim described Guatemala as a 'high-growth market.'
Cemex to acquire Atlantic Minerals Limited
12 May 2023Canada: Mexico-based Cemex has concluded a deal to acquire aggregates producer Atlantic Minerals Limited. Atlantic Minerals Limited operates an aggregate quarry and port facilities in Newfoundland. Cemex described the business as 'well-positioned' to supply aggregates to its customers in Florida, where it expects 'sustained' growth in demand, as well as elsewhere in the Eastern US. After the acquisition is complete, Atlantic Minerals Limited will continue to operate as Cemex Materials Newfoundland.
Cemex USA president Jaime Muguiro said “This acquisition significantly strengthens our existing network and enables us to serve new markets. I look forward to building on the success of this business as we meet increased demand from the private and public sectors, including critical investments in federal and state infrastructure.”
Thomas Gruppe acquires Opterra Zement and Opterra Beton from CRH
26 October 2022Germany: Ireland-based CRH has agreed to sell its subsidiaries Opterra Zement and Opterra Beton to Thomas Gruppe. Thomas Gruppe expects to complete its acquisition of the businesses later in 2022. Opterra Zement owns the 1.4Mt/yr Karsdorf, Saxony-Anhalt, cement plant and 0.5Mt/yr Sötenich, North Rhine-Westphalia, grinding plant, the latter of which is closed. Opterra Beton operates the Neufahrn, Bavaria, ready-mix concrete batching plant.
Thomas Gruppe said "For years, we have been pursuing a steady and long-term growth course in the field of cement and precast and ready-mix concrete. In the cement segment, our competitive position improved significantly with the purchase of the Erwitte (North Rhine-Westphalia) plant in 2017. Together with the grinding plant in Dorndorf (Thuringia), we have achieved a significantly larger area coverage in Germany, and also in the Netherlands, and benefit from synergy effects." It continued "We would like to continue on this growth course. An opportunity like the one to take over the cement plant in Karsdorf does not come often. The Karsdorf plant, with its gigantic limestone deposits, its market position of well over 1Mt/yr of cement and its experienced team, enables us better to supply our customers, and to leverage improvement potential. In addition, Karsdorf is of sufficient size for us to implement CO2 separation technology in its production of clinker for the Dorndorf grinding plant." Thomas Gruppe concluded "We are convinced that cement will become a clean building material and believe in its future."