Total construction starts rose 6% in August to a seasonally adjusted annual rate of $1.3 trillion, according to Dodge Construction Network. Nonresidential starts rose 40% thanks to a large pickup in manufacturing and transportation buildings. Residential and nonbuilding starts fell 1% and 14%, respectively. Highway and bridge starts jumped 19%. Year-to-date through August 2023, total construction starts were 5% below…
Read MoreAuthor: Cement Optimized News
Construction Spending in August Rises for Month, Year
According to the U.S. Census Bureau, construction spending during August 2023 was estimated at a seasonally adjusted annual rate of $1,983.5 billion, 0.5% (±1.2%) above the revised July estimate of $1,973.7 billion. The August figure is 7.4% (±1.8%) above the August 2022 estimate of $1,847.3 billion. During the first eight months of this year, construction spending amounted to $1,284.7 billion,…
Read MoreSummit Materials Mystery Bidder Revealed
According to Bloomberg, Heidelberg Materials is the mystery bidder that Summit Materials referenced in a recent proxy filing. The company said it had rejected two takeover proposals from an unnamed suitor with the latest made on Oct. 18 for $38 per share.
Read MoreChryso, GCP Open Chicago Application Lab
Chryso & GCP (Saint-Gobain Construction Chemicals) announced the opening of a new application lab in Chicago that will provide timely and valuable support to North American customers.
Read MoreContinental Cement Inks Deal With PCC Hydrogen
Continental Cement, a Summit Materials subsidiary, entered into a Memorandum of Understanding (MoU) with PCC Hydrogen to develop a fuel replacement strategy to lower carbon emissions from its cement manufacturing process.
Read MoreFLSmidth Names New President of Cement Business
Christopher Ashworth is the new president of FLSmidth Cement, effective immediately, succeeding Asger Lauritsen, who left the position in August.
Read MoreHolcim US to Increase Flagship Capacity, Reduce Emissions
Holcim US announced a $100 million investment in its Ste. Genevieve, Mo., cement plant – the largest cement-producing facility in North America and one of the most technologically advanced and environmentally efficient facilities in the world.
Read MoreFives Nabs New Contract With Cementos Moctezuma
Cementos Moctezuma and Fives FCB signed a contract for the supply of one FCB Horomill 3800 grinding mill and associated supervisory services for erection and commissioning.
Read MoreFLSmidth Wins Service Contract
FLSmidth will support an undisclosed cement producer to improve the reliability and performance of its operations in Latin America. A new contract builds on a long-standing relationship between the two companies and will last a period of 18 months.
Read MoreArizona State Researchers Seek to Curb Emissions
An Arizona State University research team won a National Science Foundation Future Manufacturing Research Grant to help support its research into curbing emissions in cement manufacturing through new techniques.
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