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InterCement taps Wall Street with Big Board listing of Argentina’s Loma Negra

Sources: Loma Negra Cia Industria Argentina SA, Buenos Aires; InterCement, Sao Paulo; CP staff

Argentina’s top cement producer raised nearly $1.1 billion in an initial public offering of American Depositary Shares (ADS), trading on the New York Stock Exchange under the ticker symbol LOMA. The early-November IPO saw the sale of 53,530,000 million ADS, priced at $19 each and representing five ordinary shares as traded on Bolsa y Mercados Argentinos S.A., Loma Negra’s home exchange.

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Lanxess outlines Inorganic Pigments unit leadership transition

Sources: Lanxess AG, Cologne; CP staff

Holger Hüppeler will lead the Lanxess Inorganic Pigments business unit, shifting December 1 from his post as Global Procurement & Logistics group head. He succeeds Jörg Hellwig, who will spearhead digital activities as Lanxess dLX group manager.

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Insulating concrete forms rise to U.S.-record height at New York site

Sources: ICF Panels, Scotia, N.Y.; CP staff

ICF Panels will supply panelized insulating concrete forms in up to 50-ft. lengths for 42 Broad, a 249-unit, Westchester County, N.Y., development. The 16-story luxury apartment project will set a new height record for ICF-built structures in the U.S., taking a page from Ontario practitioners’ recent experience with mid-rise structures of comparable design near Toronto.

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Q Power ash contract positions Charah for New York, Pennsylvania deliveries

Sources: Charah LLC, Louisville, Ky.

Charah continues build out of its near-national MultiSource Class F and Class C fly ash terminal network through a new management contract covering coal combustion products from the Scrubgrass Generating Plant, Kennerdell, Pa.

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Outdoor living trends sustain hardscape product category growth

Sources: Freedonia Group, Cleveland; CP staff

Demand for pavers, segmental retaining wall units, boulders and companion hardscape products is set to climb 5.6 percent annually through 2021, buoyed by growth in home building and popularity of outdoor living features. Over a five-year horizon in Freedonia’s new “Landscaping Products Market in the US, 5th Edition” study, pavers look to attain an annual growth rate just under 6 percent, reaching $1.4 billion in sales by 2021. Total hardscape category product shipments that year are projected at $3.5 billion.

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