South Korea: The Korea Fair Trade Commission (KFTC) imposed ‘corrective measures’ and US$1.55m in fines on Dongyang Ready-Mixed Concrete, Goryeo Ready-Mixed Concrete, Gwanghyeon Ready-Mixed Concrete, Jeon-guk Industry, Jungwon Industry, KW and Seoheung Industry. The highest individual fine for a company was US$297,000. ChosunBiz News has reported that the producers had agreed to collectively raise prices between May 2021 and September 2023. The KFTC found that they allocated sales volumes and shares customer operations among themselves and threatened to halt operations if customers declined to buy at the colluded price.
Lyten launches S Cure graphene-enhanced admixture
US: Lyten has launched S Cure, an admixture containing nanomaterials, including its greenhouse gas-derived Lyten 3D Graphene. The developer says that S Cure accelerates cement hydration in the early phase and stabilises concrete’s microstructure during curing, with increased compressive strength after one and seven days and increased durability after 28 days. 3Druck News has reported that the producer has conducted pilot projects with concrete producers in the US, the Middle East and Europe.
CEO Dan Cook said "We use materials science to develop products that accelerate economic growth by delivering higher performance without compromising cost or environmental impact."
Carbonaide raises €3.7m in new investments
Finland: CO2 mineralisation and sequestration specialist Carbonaide has raised €3.7m through a combination of equity and supporting financial instruments, in an investment round led by existing owners Vantaan Energia, Redstone and Ihantola Invest. The company will use the funds to expand customer acquisition, develop its Carbonaide Service Platform and accelerate research and development of its Carbonaide CO2-curing system beyond precast concrete production.
CEO Tapio Vehmas said "We are well-positioned to scale our technology, expand our CO₂ partner network, and continue turning concrete plants into carbon sinks. There is clear demand in the construction industry for solutions that reduce emissions, showing that the industry is turning towards a low-carbon built environment."
Molins acquires 90% stake in precast concrete producer Zenet
Spain: Molins has acquired a 90% stake in Zenet. Zenet operates the 540,000m2/yr Escalonilla precast concrete plant in Toledo. It produces reinforced and prestressed precast concrete elements, including hollow-core slabs, for residential, industrial and civil engineering projects. Founder César Abad will retain his share in the company.
Molins precast concrete executive vice president Higini Alfageme said "The acquisition marks a significant milestone in our strategy to scale industrialised construction solutions, through the integration of a highly-specialised team and a company that has been built with strong operational discipline and long-term vision."
The acquisition follows Molins' recent purchases of prefabricated concrete products company Concremat in Portugal and precast concrete and steel structure company Baupartner in South East Europe.
