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W.R. Grace heritage business split repackages Grace Construction Products

24 Bell 150A year after management outlined a proposed split into two public companies, W.R. Grace & Co. in Columbia, Md., completed the separation of its namesake business from a new entity, GCP Applied Technologies Inc. The latter was officially formed February 3 in a distribution of new GCP stock, at 1:1 ratio, to W.R. Grace shareholders. Cambridge, Mass.-based GCP Applied Technologies’ two global businesses, concrete admixture mainstay Grace Construction Products and Darex Packaging Technologies, have 2,800-plus employees in locations on six continents, and serve customers in more than 110 countries.

 

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International aims to regain severe service market ground

22 Truckii 150Leading major World of Concrete 2016 rollouts was the International HX Series, available in 115- and 120-in. bumper-to-back-of-cab (bbc), set-forward or set-back axle versions. Navistar Inc. CEO Troy Clarke characterized the HX as “an opportunity to recapture a leading position in the vocational market—a segment we previously led. The launch underscores our commitment to innovation, dedication to uptime and position as a leader.”

 

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PCA’s Sullivan: Oil price variables hamper firm cement consumption outlook

18 Ed 150At a World of Concrete 2016 briefing, Portland Cement Association Chief Economist Ed Sullivan offered critical energy and housing market footnotes to his latest U.S. cement consumption forecast. Released in November, it projects year-over-year gains of 5 percent, at best, in 2016, and 5.7 percent for 2017. At those levels, U.S. portland and masonry cement shipments will climb from 92 million metric tons (mt) in 2015 to 96.4 million mt and 102 million mt this year and next.

 

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World of Concrete 2016 tops organizers’ bullish projections

20 WOCi 150World of Concrete 2016 exceeded expectations across the board, logging the largest attendee and exhibitor counts in seven years, Informa Exhibitions confirms. This year’s staging, February 2-5 at the Las Vegas Convention Center, drew just over 60,000 registered professionals, up from 55,800 last year; featured more than 1,532 manufacturers, suppliers and service providers, up nearly 300 year-over-over; spanned 744,000 sq. ft. of indoor and outdoor space, a gain of 67,000 sq. ft. compared to 2015. Seminar registrations were 6 percent higher this year over last.

 

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Sherman-Dixie deal shores up Forterra Building Products’ Southeast footprint

17 Sherman 150Forterra Building Products in Irving, Texas, has acquired one of the largest independents remaining in pipe and precast: Sherman-Dixie Concrete Industries, operating eight plants in Tennessee, Kentucky, Alabama and Indiana. It is the second major deal Forterra Building Products has closed since its early-2015 spinoff from Heidelberg Cement—following by four months the acquisition of Minnesota-based Cretex Concrete Products, with 17 pipe, precast and precast/prestressed plants in the upper Midwest.

 

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