Concrete Products

NOV 2017

Concrete Products covers the issues that attract producers of ready mixed and manufactured concrete focusing on equipment and material technology, market development and management topics.

Issue link: http://concrete.epubxp.com/i/898033

Contents of this Issue

Navigation

Page 15 of 63

14 • November 2017 www.concreteproducts.com NEWS SCOPE PRODUCERS Germany's HeidelbergCement Group has added a decade to the horizon of its Sustainabil- ity Ambitions 2020 program. The six-point successor centers on reducing carbon dioxide emissions 30 percent from 1990 levels; steer- ing 80 percent of the research & development budget to sustainable products; increasing natural resource substitution with by-prod- ucts or recycled materials; and, eliminating lost-time accidents. Sustainability Commitments 2030 will be implemented worldwide throughout the Hei- delbergCement Group, whose major businesses include Lehigh Hanson in North America. It prioritizes: • Driving economic strength and innovation; • Achieving excellence in occupational health and safety; • Reducing environmental footprint; • Enabling the circular economy; • Being a good neighbor; and, • Ensuring compliance and creating transparency. With program development supported by representatives of all business lines and Group areas, notes HeidelbergCement Chairman Dr. Bernd Scheifele, "This joint effort has already created a broad understanding of what we want to achieve as a company. The Commitments, he adds, "must become present in the minds and the daily activities of our employees, and reflected in our busi- ness processes. Our goal is to grow in harmony with the environment and society. Sustain- ability Commitments 2030 challenges us to find new solutions and think differently to make our business even more sustainable." HeidelbergCement sustainability equation: Less carbon, zero accidents OLDCASTLE, VULCAN VETERAN BROWN JOINS FORTERRA Irving, Texas-based concrete pipe and precast drainage products leader Forterra has appointed Charlie Brown as executive vice president and chief financial officer. He previously served in the latter capacity at Atlanta-based Oldcastle Materials, leading more than 500 associates in finance, accounting, risk management and real estate personnel; implementing cost saving, Sarbanes-Oxley compliance and improved business reporting initiatives; and, participating in 100-plus acquisitions. Brown joined the producer in 2003 as vice presi- dent of Finance and proceeded to respective 2007 and 2008 appointments as senior vice president and chief financial officer. Ahead of Oldcastle Materials, he held finance and senior management posts of increasing responsibility at Vulcan Materials, 1996-2003. CRH, ASH GROVE CEMENT DEAL RIGHT ON TRACK Shareholders controlling nearly two-thirds of the voting stock of Ash Grove Cement Co., Over- land Park, Kan., approved a $3.5 billion merger agreement with Oldcastle Inc. parent company CRH. The deal is projected for a late-2017 or early-2018 closing and will position Atlanta-based Oldcastle Materials as the number five U.S. portland cement producer, with 8 million-plus tons' annual capacity, while strengthening its role among the top five aggregates and ready mixed concrete operators. Ash Grove officially named Denver-based Summit Materials LLC as the source of an early-Octo- ber, "unsolicited, non-binding, competing proposal" potentially valuing the business in the $3.7 billion-$3.8 billion range. The overture compelled an extension of Ash Grove shareholder approval of the CRH merger agreement to late last month. In its shareholder vote announcement, Ash Grove noted that Summit had not submitted a definitive proposal to back up what might have been a superior offer to CRH's. Summit did not formally report any pursuit of a deal. Charlie Brown

Articles in this issue

Links on this page

Archives of this issue

view archives of Concrete Products - NOV 2017