Summit Materials closes on $450 million Lafarge plant, terminal network deal
Published: Tuesday, 21 July 2015 00:07
Written by Concrete News
Sources: Summit Materials Inc., Denver; CP staff
In a July 17 transaction with LafargeHolcim Ltd., Summit Materials acquired Lafarge North America’s Davenport, Iowa cement plant, along with a West Des Moines, Iowa, and six Mississippi River terminals. The companies announced the deal just ahead of an early-May U.S. Federal Trade Commission order stipulating plant and terminal sale within 10 days of the Lafarge S.A. and Holcim Ltd. merger, consummated July 8.
Read more: Summit Materials closes on $450 million Lafarge plant, terminal network deal
Construction rebound raises St. Lawrence Seaway rock, powder volumes
Published: Tuesday, 21 July 2015 00:03
Written by Tanna Holzer
Source: Chamber of Marine Commerce, Ottawa
A U.S. construction surge has boosted bulk material transfer through the Great Lakes-St. Lawrence Seaway since the start of the 2015 season. Officials report dry bulk cargo volume of nearly 3 million metric tons, up 7.5 percent through the first part of the season, April–June, against figures for the same period in 2014. Materials leading the way in volume gains are stone, with 102,000 metric tons delivered through June, up 24 percent from last year, and cementitious materials, with 563,000 metric tons, a 9.5 percent jump.
Read more: Construction rebound raises St. Lawrence Seaway rock, powder volumes