Sullivan: March Data Weakens; Outlook Hinges on One Factor

Recent economic data reflected a modest economic weakening of conditions in the context of elevated inflation, according to Construction Materials Economist Ed Sullivan. Consumer spending increased – but at a rate less than expected. As a result, inventories rose – sending a signal that future production may come in light. GDP for the fourth quarter was revised down from 0.7%…

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New SESCO Cement Terminal Features 100,000 Tons of Capacity

SESCO Cement Terminal

SESCO Cement celebrated the opening of its new cement import terminal located on Port Redwing at Port Tampa Bay, officially marking the company’s commitment to the Florida construction industry and the Tampa Bay region. The ribbon cutting ceremony, held at 6035 Diana Toledo Almeida Road in Gibsonton, was attended by company leadership, state officials and construction and maritime industry representatives.…

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Fortera Builds Out Finance Leadership 

Albert Luu

As the company transitions from proven technology to commercial deployment, cement manufacturer Fortera has appointed Albert Luu as chief financial officer (CFO) and transitioned Scott Healy into the newly created role of chief origination officer.  The moves support Fortera’s transition into its next phase of growth, centered on commercial-scale deployment and customer adoption with additional financing and fundraising expertise. “Fortera is at a stage where the…

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CBMI Construction Joins the World Cement Association 

The World Cement Association (WCA) announced that CBMI Construction Co. Ltd. has joined the association as an associate corporate member. CMBI is a global service provider of green and low-carbon solutions for the cement and building materials industry. Established in 1959, the company has more than 65 years of experience delivering engineering excellence, technological innovation and integrated project solutions worldwide.…

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