GCC, a leading supplier and producer of cement and concrete in the United States and Mexico, announced its results for the fourth quarter and full year of 2023. Consolidated net sales increased 16.7% to $1,363.9 million for the full year, while EBITDA increased 30.6% to $472.4 million with a 34.6% EBITDA margin.
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Cemex is the first company in the cement industry to join the CCS+ Initiative, a multi-stakeholder platform developing a comprehensive carbon accounting framework for certifying industrial carbon projects.
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Holcim’s board of directors named Miljan Gutovic as the company’s new chief executive officer, effective May 1. He will succeed Jan Jenisch, who will focus on his role as chairman and leading the planned U.S. listing of Holcim’s North America business.
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Heidelberg Materials launched its new global product brand evoBuild for low-carbon and circular products. All countries in which the company is present will gradually integrate their sustainable products into the evoBuild portfolio.
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FLSmidth is looking at available divestment options for its Cement business to unlock the unit’s full potential.
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Through nearly two months of work, crews have leveled the former Portland Cement Association (PCA) headquarters building in Skokie, Ill. Two more buildings at the association’s longtime campus will be demolished to make way for residential and commercial development.
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Holcim announced its intent to publicly list its North American business in the United States with a full capital market separation. This process “will create the leading pure-play building solutions company in the region,” the company stated.
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The Slag Cement Association (SCA) announced that registration is open for the third annual Slag Cement School, April 29-30 in Alsip, Ill. The school will include educational presentations as well as a behind-the-scenes look at Holcim’s South Chicago cement plant.
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Ed Sullivan, Portland Cement Association’s (PCA) chief economist and senior vice president of market intelligence, anticipates the U.S. economy will gradually weaken during the first half of 2024 but will likely slowly recover in the second half.
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Summit Materials appointed Marshall Moore as EVP, chief operations officer, effective Jan. 4. In the newly created role, Moore will enhance Summit’s operational excellence capabilities with responsibility for manufacturing and supply chain excellence, information technology and lean processes.
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