Titan Cement Takes Next Step Toward Titan America IPO

In a preliminary U.S. Securities and Exchange Commission filing, Titan Cement International documents the portfolio of a new Norfolk, Va.-based entity, Titan America SA, for which it proposes an initial public offering.  Trading on the New York Stock Exchange under the TTAM symbol, the business will span the assets of Titan America LLC and subsidiaries operating in Metro New York,…

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USDOT, Jacobs/CH2M Veterans Among Holcim NA Board Prospects

Holcim Chairman Jan Jenisch is the designated chief executive officer of a proposed Holcim North America spin-off business, scheduled for launch by mid-2025 with shares traded on the New York Stock Exchange.  The entity will span namesake U.S. and Lafarge Canada cement, aggregate and concrete operations, plus the recently assembled Holcim Building Envelope roofing products business. Jenisch is leading the…

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Cemex to Develop Carbon Capture Center

The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) has selected a project for funding to develop a pioneering carbon capture, removal, and conversion test center at Cemex’s cement plant in Knoxville, Tenn.  The center will serve as a proving ground for innovative carbon capture technologies needed to accelerate deep decarbonization of the cement industry…

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October Cement Shipments Up

Total shipments of portland and blended cement, including imports, in the United States and Puerto Rico in October 2024 were an estimated 10.6 million metric tons (Mt), a 3.5% increase from October 2023, according to the most recent USGS Mineral Industry Survey. Shipments for the year through October totaled an estimated 88.1 Mt, a 5% decrease from those in the same…

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