Displaying items by tag: precast

Singapore: Malaysia-based YTL Corporation has concluded a conditional sale and purchase agreement for an 81% stake in NSL for US$169m. YTL Cement will launch a mandatory unconditional cash offer for all outstanding shares in NSL after completing the acquisition. NSL manufactures precast concrete components and operates an environmental services division.

Switzerland: Holcim recorded net sales of €5.71bn in the first quarter of 2024, down by 2% year-on-year from €5.85bn in the first quarter of 2023. Nonetheless, recurring earnings before interest and taxation (EBIT) grew by 8% to €543m from €503m. The group noted continuing profitable growth. Its Solutions & Products unit raised roofing sales by 67% in local currencies, including 38% organic growth. The unit also acquired Germany-based advanced green roofing systems producer ZinCo and Argentina-based precast and pre-stressed concrete construction systems producer Tensolite. Additionally, Holcim closed three separate acquisitions in the ready-mix concrete, aggregates and construction-demolition materials segments.

In North America, Holcim grew its recurring EBIT by 3.9% in local currency, and anticipates continuing growth in 2024. In its Latin America region, the group noted a strong pipeline of infrastructure projects and increased nearshoring in Mexico. Europe yielded double-digit recurring EBIT growth, while Asia, Middle East & Africa remained profitable in local currency terms.

Chile: UNACEM has gained full ownership of precast concrete company Prefabricados Andinos. The group said that it completed the acquisition of the outstanding 50% stake in the company on 6 February 2024.

France: Hoffmann Green Cement Technologies (HGCT) has signed a partnership deal with Point.P. Under the terms of the agreement, HGCT’s clinker-free cement products will be distributed to Point.P’s ready-mixed concrete (RMC) and batching plants. Point.P is aiming to reduce its CO₂ emissions linked to the use of cement it uses in ready-mix concrete, concrete blocks and precast elements, by 35% by 2030.

Julien Blanchard and David Hoffmann, co-founders of HGCT, said "We're delighted with this partnership with a major player like Point P. This is a major step forward for the marketing of our clinker-free low-carbon cements.”

France-based Saint-Gobain Building Distribution France, a subsidiary of the Saint-Gobain, is a distributor of building materials. Its main brands include Point.P, Cedeo, Asturienne, PUM, SFIC, La Plateforme du Bâtiment, Dispano, Panofrance, Clim+ and CDL Elec. It has a network of over 2000 sales outlets throughout France.

Morocco: Members of the Professional Association of Cement Producers (APC) delivered a total of 6.98Mt of cement during the first seven months of 2023. This corresponds to a year-on-year rise of 2.1%, compared with seven-month 2022 levels. Agence Marocaine de Presse News has reported that ready-mix concrete plants consumed 4.29Mt (61%), and precast concrete plants 1.37Mt (20%), of cement deliveries. Producers despatched 367,000t (5.3%) of cement to infrastructure construction sites, and 271,000t (3.9%) to other building sites.

India: Ramco Cements has commissioned a 3000t/day integrated cement line at its Ramamasamy Raja Nagar cement plant in Tamil Nadu. Projects Today News has reported that the plant runs on renewable energy from a captive wind farm, and recycles 90% of water used in production.

Ramco Cements produces Ramco 53 Infra Super cement at the Ramamasamy Raja Nagar plant. The product allows for lower cement and admixture content to be used in the production of concrete structures.

Finland: VTT Technical Research Centre subsidiary Carbonaide has concluded its seed funding round, having raised funds worth Euro1.8m. Lakan Betoni, which produces precast and ready-mix concrete, led the funding, along with utilities provider Vantaa Energy. Carbonaide will use the funds to build an industrial pilot plant for its carbon neutral precast concrete product at an existing precast concrete plant in Hollola. The plant will bind captured CO₂ in the product at atmospheric pressure. The process generates 50% lower CO₂ emissions than precast concrete production using ordinary Portland cement (OPC). Suitable raw materials include ground granulated blast furnace slag (GGBFS), green liquor dregs and bio-ash. In trial production, the use of GGBFS gave Carbonaide's concrete a negative carbon footprint of -60kg/m³.

Other sources of loans and in-kind contributions included Finnish state innovation fund Business Finland.

Ecuador: Encapsulation in concrete served to destroy 110t of cocaine in Ecuador during the first nine months of 2022. The figure corresponds to 61% of cocaine seized by authorities during the period. Local press reported that the mixed slurry forms strong precast concrete elements, from which the cocaine is impossible to extract. Encapsulation accelerates destruction of the drug by a factor of 20 compared to incineration, with removal rates of up to 1500kg/hr.

Ecuadorian cocaine seizures at ports alone increased by 42% year-on-year throughout 2022, necessitating the operational improvements in disposal methods.

China: A team at Southeast University has developed an alternative concrete that contains 8% cement. It uses coral reef limestone fragments and biodebris with an upper particle size of 53mm as fine aggregate. The researchers concluded that the material proved suitable for use in precast concrete paving slab production.

Costa Rica: Holcim Costa Rica has acquired the heavy precast unit of Productos de Concreto for US$3.35m. The La Nación newspaper has reported that the company also increased its stake in prefabricated construction company Tecnología de Construcción to 100% from 49%. The latter deal's value was US$774,000.

Holcim Costa Rica's corporate affairs manager José Alfredo Alpízar Guzmán said that these latest acquisitions complement the producer's existing abilities to supply its customers.