Quarry Products

Output from UK companies involved in manufacturing machinery, equipment and parts for industries including construction and mining remains stable, according to Office for National Statistics (ONS) data analysed by the Construction Equipment Association (CEA).

The six-month moving average for machinery and equipment output in 2016 remains relatively flat, after showing modest increases from the low point reached in March. In terms of a year-on-year comparison, output in the first 11 months of 2016 is 1.3%

HeidelbergCement has priced a Eurobond issue (ISIN XS1549372420) under its €10 billion EMTN programme with an issuance volume of €750 million and a maturity date of 18 January 2021. The proceeds of the transaction will be used for general corporate purposes and the refinancing of upcoming maturities.

The four-year bond bears a fixed coupon of 0.500% per annum. The issue price is at 99.822%, resulting in a yield to maturity of 0.545%. Joint Bookrunners of the transaction are Bank of America.

Cemex’s indirect subsidiary Sierra Trading (Sierra) is to make a revised shares offer worth over US$100 million in a bid to complete a takeover of Trinidad Cement (TC).

Full TC shareholders’ acceptance of the new offer of TT$5.07 in cash per TC share would result in a cash payment by Sierra of around TT$672 million (US$101 million). The Revised Offer Price represents a premium of 50% over the 1 December 2016 closing price of TC’s shares on the Trinidad and Tobago Stock Exchange. Except for shareholders o

When Hamburg’s new Elbphilharmonie opens its doors tomorrow (11 January), it will be among the world’s leading concert venues, thanks to its innovative architecture and outstanding acoustics. This eye-catching project includes 30 different types of high-quality concrete made by LafargeHolcim to meet the architects’ aesthetic and technical expectations.

GRS, a leading UK-based independent materials trading group, has expanded its business in the West Country with the acquisition of Cornish company Maen Karne for an undisclosed sum.

The deal strengthens the Midlands-based firm’s position particularly in the south west across all its business lines – bagged and bulk aggregate, waste removal and recycling, and associated transport services.

Maen Karne – which in Cornish means ‘rock of the sea, rock of the land’ – employs 140 people and has built an envi

Despite an overall fall in the volume of freight moved by rail in recent years, the aggregates industry has increased the proportion of its total output transported to market this way.

This is expected to increase as more depots have recently opened and others are planned, reports BDS Marketing Research.

These are some of the findings of a new sector report, published for the first time, by BDS, entitled Estimated outputs of aggregates moved through rail depots in Great Britain.

“Since the recessi

Leading UK-based infrastructure services company FM Conway has acquired United Asphalt from Ross and Lisa Snape.

United Asphalt employs 32 staff and operates two asphalt plants, Theale in Berkshire, which is a mainly delivered plant, and Croydon in South London, which has been highly successful in the collect trade. Croydon also gives better coverage south of London, together with a recycling depot at Coltrop, Berkshire.

The Theale plant is rail fed and completes FM Conway’s aspirations of having a r

Cemexis contributing to the Grand Paris, the largest infrastructure project currently under development in France.

Cemex is supplying a wide range of building materials, as well as technical and logistical expertise for several stages of this large-scale project.

To date, one of Cemex’s main contributions to the Grand Paris was for the foundations and civil engineering of a section of the Grand Paris Express. The company supplied over 55,000m³ of specially formulated concrete to build the cast walls,

Cemex says it has concluded the around US$35 million sale of its equity minority interest in the Ventika wind farm project in Mexico. CE

IEnova acquired 100% of the equity in Ventika from Blackstone Energy Partners, Fisterra Energy, and other minority shareholders, including Cemex.

Cemex Energia will remain as the manager of the Ventika windfarm facilities. Cemex says the proceeds obtained from the transaction will be used mainly for debt reduction and for general corporate purposes.