Holcim Colombia, Cementos Argos and Cemex Colombia are facing allegations of cartelization in Colombia’s cement market, reported local media outlets. If the evidence against the companies is found conclusive, they could be subject to fines of up to COP70 billion ($23.9 million) per infraction.
Read MoreDay: October 26, 2017
Canadian Industry Leaders Converge on Parliament Hill
More than 60 Canadian cement and concrete industry delegates gathered at Parliament Hill in Ottawa last week to meet with ministers, members of Parliament, senators and senior civil servants to convey the importance of the industry.
Read MoreCRH to Acquire Ash Grove Cement
Overland Park, Kan.-based Ash Grove Cement Co. announced that shareholders controlling just over 63 percent of the company’s voting stock have approved an Agreement and Plan of Merger with CRH plc. The $3.5 billion transaction remains subject to regulatory approval and is expected to close in late 2017 or early 2018.
Read MoreCemex Honored for Energy Efficiency, Land Stewardship
Cemex received the Southern California Edison (SCE) 2017 Energy Efficiency Award for its commitment to conserving energy and land stewardship at its Victorville cement plant, which has served the California High Desert community for more than 100 years. Company representatives were presented with the award during the 7th Annual Hispanic Heritage Month Celebration.
Read More