Summit to Acquire Argos’ U.S. Operations

Cementos Argos has entered into a definitive agreement with Summit Materials under which Argos North America will combine with Summit in a cash and stock transaction valued at $3.2 billion. The merger will create the fourth-largest cement platform in the United States and accelerates Summit’s “Elevate Summit” strategy, enhancing the company’s materials-led approach and positioning it for even greater success…

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June Cement Shipments Down

Total shipments of portland and blended cement, including imports, in the United States and Puerto Rico in June 2023 were an estimated 10.5 million metric tons (Mt), a slight decrease from shipments in June 2022, according to the most recent USGS Mineral Industry Survey. Of total blended tonnage reported in June 2023, 4.7 Mt (95%) was estimated to be portland-limestone cement…

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