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The California Portland Cement Company was incorporated on September 18, 1891, in Los Angeles County, California, with a capital stock of $500,000 ($17 million in 2023). [3] Its first board of directors consisted of Los Angeles residents John P. Culver and Frank H. Jackson, and San Bernardino, California , residents Ernest Waycott, Harry R. O ...
In 2013, 70.8 percent of portland cement was sold as ready-mix concrete, such as is delivered in cement-mixer trucks. 11.5 percent was sold dry to contractors and construction materials stores; 11.3 percent was sold to manufacturers of concrete products; 4.6 percent was sold for oil and gas wells, and 1.8 percent was sold to government agencies ...
The S&P CoreLogic Case-Shiller US National Home price index increased by 0.7% month over month in May on a seasonally adjusted basis. Home prices cement a rebound with 4 straight months of growth ...
In the late 1980s Vulcan acquired Reed Crushed Stone, near Kentucky. [3] [4] On November 16, 1998, Vulcan announced it was purchasing CalMat Company, a producer of asphalt and ready-mixed concrete based in Los Angeles, for $760 million in cash. [5]
Portland cement is the most common type of cement in general use around the world as a basic ingredient of concrete, mortar, stucco, and non-specialty grout. It was developed from other types of hydraulic lime in England in the early 19th century by Joseph Aspdin , and is usually made from limestone .
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On 1 December 2024, Holcim announced that it would sell its 83.8% stake in Lafarge Africa Plc to China's Huaxin Cement for $1 billion, [13] a move seen as part of Holcim's strategy to focus on high-growth regions and sustainable business practices. The sale would be finalized by 2025, pending regulatory approvals.