Votorantim Cimentos ended the first quarter of 2023 with a net profit of R$78 million, reversing the R$317 million loss in the prior-year period. The company’s global net revenue in 1Q23 totaled R$5.8 billion, an increase of 18% compared to the same period in 2022.
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International refractory company RHI Magnesita recently opened its North American headquarters in Tampa, Fla., to serve as a hub for its current infrastructure in the United States, Canada and Mexico.
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Holcim invested in UK-based Coomtech, a cleantech start-up that offers an innovative low-emission kinetic drying technology for raw materials.
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Bruks Siwertell secured an order for a comprehensive conveyor system package from construction firm Borton LC as part of a plant modification project at Capitol Aggregates’ cement manufacturing facility in Texas.
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After more than four years at the helm of Votorantim Cimentos, Marcelo Castelli has resigned to become a member of the board of directors. Current COO Osvaldo Ayres Filho will succeed him.
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The Cement Association of Canada (CAC) – together with its members and partners in the concrete sector – released Concrete Zero, an action plan to ensure Canada’s cement and concrete industry achieves net zero by 2050.
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Bloom Energy has begun generating hydrogen from the world’s largest solid oxide electrolyzer installation at NASA’s Ames Research Center in Mountain View, Calif. The high-temperature, high-efficiency unit produces 20% to 25% more hydrogen per megawatt than commercially demonstrated lower temperature electrolyzers.
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Eagle Materials completed the acquisition of Martin Marietta’s cement import and distribution business in northern California, which includes a cement terminal in Stockton.
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Hollingshead Cement, the cement division of SRM Concrete, opened a new dome-style terminal capable of housing up to 50,000 tons of cement in Nashville, Tenn.
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A proposed $350 million deal between CalPortland and Martin Marietta Materials is off as the Federal Trade Commission (FTC) called it “presumptively illegal.”
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