Displaying items by tag: USA
US: Harsco Corporation has rebranded its Metals and Minerals (M&M) division as ‘Harsco Environmental.’ The company says that the new name and visual identity more closely align with its increased focus on providing environmental services and product offerings to help customers drive business performance and growth. The name change and new branding take effect immediately.
Harsco Environmental will continue to be led by Harsco Chairman & CEO Nick Grasberger in tandem with the division’s Chief Operating Officer Russ Mitchell. Harsco Environmental operates more than 130 sites in 32 countries and has 7700 employees. It is Harsco’s largest division, representing approximately 65% of revenue in 2018.
“We are strategically transforming Harsco as a global market leader and provider of environmental solutions to the industries we serve,” said Nick Grasberger. “This rebranding to Harsco Environmental reinforces our over-arching strategic focus and better reflects what the division is today, and where it is headed in the future. Our suite of environmental solutions, recent acquisitions and future investments will drive revenue growth for Harsco in future years.”
US: Drew G Burns has been appointed as Marketing Coordinator for the Slag Cement Association. He will work to expand the market for slag cement through marketing communications. Burns holds over seven years’ experience in both for-profit and non-profit organisations in variety of marketing functions. He holds a Bachelor of Science in Parks, Recreation and Tourism Resources with an emphasis in Commercial Recreation and Business from Michigan State University.
US: Harsco Corporation has reported that revenue from its Metals & Minerals division dropped by 19% year-on-year to US$1.11bn in 2015 from US$1.78bn in 2014. Overall company sales revenue across all businesses fell by 17% to US$1.72bn from US$2.07bn. The fall in sales was attributed to a decline primarily in the Metals & Minerals and Industrial divisions due to falling steels and related commodities demand, site exits and currency effects.
The company expects that the market will further deteriorate for its Metals & Minerals division in 2016 due to lower steel production, site exits and weaker commodities demand. To fight this trend the company is continuing to implement ‘Project Orion,’ it’s Metals & Minerals improvement plan.
US: Essroc, part of Italcementi, has acquired the Holcim (US) slag cement grinding plant in Camden, New Jersey, according to MarketLine. As part of the transaction, Essroc will also obtain Holcim's cement terminal in Everett, Massachusetts, US. Upon completion of the transaction, Holcim's staff in Camden and Everett will join Essroc. The transaction is expected to be completed later in 2015. The acquisition will allow Essroc to strengthen its position in the sustainable building products market.
US: Lafarge and Holcim have announced further details on the package of assets that they propose to divest in the US as part of their planned merger to create LafargeHolcim. The divestments include:
- Lafarge's 1.1Mt/yr Davenport cement plant in Iowa and seven terminals along the Mississippi River. The units will be sold to Summit Materials for US$450m in cash plus Summit's Bettendorf, Iowa cement terminal;
- Holcim terminals in Michigan and Illinois;
- Holcim Skyway 600,000t/yr slag grinding station in Illinois;
- Holcim Camden 700,000t/yr slag grinding station in New Jersey, along with a terminal in Massachusetts.
The proposed divestments have been negotiated with the staff of the Federal Trade Commission and remain subject to review and approval by the commission. The divestments will be completed subject to acceptance by the commission and to the closing of the merger between Holcim and Lafarge.
