Malaysia: Precast concrete producer PMW International has secured approval for a listing on Bursa Malaysia’s ACE Market. Bernama Daily Malaysian News has reported that the producer will undertake an initial public offering of 178m new ordinary shares and an offer for sale of 89m existing ordinary shares.
CEO Lee Hon Hwa said "The IPO proceeds will enable the company to venture into the Sarawak market by constructing a new plant in Tanjung Manis, Sarawak and invest in new technology to meet the anticipated demand growth for infrastructure development locally and internationally."
Three workers die in Suncheon ready-mix concrete plant
South Korea: Three people have died after carrying out cleaning work in a chemical admixture storage silo at a ready-mix concrete plant in Suncheon on 21 August 2025. Korea JoongAng Daily has reported that a 57-year-old and a 53-year-old died at the scene, while a 60-year-old, who also collapsed, died while receiving treatment in hospital. Police are reportedly investigating whether the ready-mix producer negligently exposed the victims to hydrogen sulphide gas.
Zachry Corporation to acquire Jarco Ready Mix
US: Construction services and materials company Zachry Corporation has concluded a deal to acquire ready-mix concrete producer Jarco Ready Mix, which operates six ready-mix concrete batching plants in South Texas. Following completion of the deal, the business will rebrand as Arcline Ready Mix. Parent company Arcline Equity Holdings says that the launch of Arcline Ready Mix will bolster Zachry Corporation’s offering for the growing local construction sector, alongside its aggregates subsidiary Capitol Aggregates.
Evans Concrete and Thomas Concrete agree settlements over historical price-fixing allegations
US: Evans Concrete and Thomas Concrete have reportedly settled a lawsuit over claims of price-fixing of ready-mix concrete in the Savannah, Georgia, area in 2010 – 2016. Queen City News has reported that Thomas Concrete will pay US$7.6m and Evans Concrete US$5.65m to direct purchasers of their ready-mix concrete during the period. The lawsuit affects direct purchasers of ready-mix concrete.
The lawsuit continues against fellow defendants Argos USA, Coastal Concrete Southeast II, Elite Concrete and Lafarge North America.
