Members of the Institutional Investors Group on Climate Change (IIGCC) and participants in Climate Action 100+, a global shareholder engagement initiative, are calling on leading European cement companies to take necessary steps to combat climate change. The measures are outlined in “Investor Expectations of Companies in the Construction Materials Sector,” which was published by IIGCC and can be downloaded here.
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WCA Announces New Vice President
The World Cement Association (WCA) announced that it has appointed Mohammed A. Al-Garni as vice president. As well as being a long-standing director and board member of the WCA, Al-Garni is chief executive officer of Saudi Cement Co.
Read MoreCaribbean Cement Names New Manager
Caribbean Cement Co. Ltd. announced the departure of General Manager Peter Donkersloot Ponce. Yago Castro, currently the general manager of Arawak Cement Co. Ltd., will succeed Donkersloot Ponce, effective Aug. 1. Both Carib Cement and Arawak are members of the Cemex Group.
Read MoreLehigh Cement Receives Air Permit for Plant Modification
Lehigh Cement Co.’s Mitchell, Ind., plant received the necessary permit from the Indiana Department of Environmental Management (IDEM) to begin construction of a new cement kiln system. The company will invest more than $600 million in an expansion project at the Mitchell facility, making it the largest undertaken by Lehigh Hanson in North America.
Read MoreLafargeHolcim Launches ‘Plants of Tomorrow’ Initiative
LafargeHolcim announced the launch of a four-year “Plants of Tomorrow” plan to upgrade its production process with artificial intelligence, predictive maintenance and digital twin technologies. The initiative is one of the largest roll-outs of Industry 4.0 technologies in the building materials industry.
Read MoreGCCA, ECRA Announce Strategic Alliance
The Global Cement and Concrete Association (GCCA) and European Cement Research Academy (ECRA) announced a formal Partnership Agreement. The strategic alliance is aimed at fostering innovation in the cement and concrete sectors and across their value-chain partners.
Read MoreLafargeHolcim Eyes BASF Construction Chemicals Business
LafargeHolcim has joined a bidding war for BASF SE’s construction chemicals business, according to Bloomberg sources. BASF announced a strategic review of the construction chemicals division, which makes products including grouts, mortars and admixtures, in October 2018.
Read MoreCemex Recognized as Top Sustainability Performer
Cemex, S.A.B. de C.V. announced that for the fourth consecutive year the Mexican Stock Exchange (Bolsa Mexicana de Valores) recognized it as the company with the highest overall sustainability credentials from a total of 57 listed companies. As part of this annual assessment, Cemex also outperformed the average score of its industry.
Read MoreIllinois Cement Donates 68.7 Acres to Park System
Illinois Cement Co. donated approximately 68.7 acres of reclaimed land to La Salle, Ill.’s park system, reported La Salle NewsTribune. The majority of the acreage will be added to the city’s Rotary Park.
Read MoreArgos Reportedly Wants a Summit Materials Merger
Colombian industrial conglomerate Grupo Argos has reportedly approached Denver-based Summit Materials about a merger, according to Reuters’ sources. The company would combine its subsidiary Cementos Argos, which currently operates six U.S cement plants and 15 terminals, with Summit in a deal to further bolster its U.S. footprint.
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