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REPORT 2021 WWW.GLOBAL-CONCRETE.COM
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REPORT 2021
www.global-concrete .com
Welcome to the second edition of the Global Concrete Report, the unique listing
and analysis of the world’s top concrete-producing companies and countries.
Principal author The Global Concrete Report is published by Pro Global Media, the UK-based
Jacob Winskell
provider of information and events to the global building materials industries, and
jacob.winskell@propubs.com
publishers of Global Cement Magazine.
The first edition was published in 2019, and included information up to and
Editorial Director including the full year of 2018. This edition includes information up to the end
Dr Robert McCaffrey of 2020 - the latest full year for which information is available. As you will see,
rob@propubs.com
much of this information has been gathered from company websites and company
reports from around the world.
Editor
Through the Coronavirus Crisis year of 2020, concrete companies have been
Dr Peter Edwards fighting hard for profitability due to a dip in concrete production in some countries.
peter.edwards@propubs.com In fact, the dip had two main causes - a supply-side dip due to the temporary
closure of concrete plants during the worst days of the pandemic - and a demand-
side dip due to not only mandatory job-site closures, but also due to a slow-down
Web Editor in construction work due to Covid safety measures, worker shortages and stretched
David Perilli logistics lines. Many governments made the constructions sector a priority
david.perilli@propubs.com
through the pandemic, allowing work to carry on when the general populace was
locked-down. However, at the same time some projects were cancelled, others were
postponed and there was an hiatus of several months whereby the decision process
Commercial Director on future concrete-intensive projects was either put on hold or radically slowed. All
Paul Brown
paul.brown@propubs.com this led to a year - or more strictly a first half-year - of historic weakness.
Mobile: (+44) (0) 7767 475 998
Since then, many companies have bounced back strongly, seeing record second half
year years, and finishing 2020 at levels previously expected or close to them - not a
Company manager bad result, all things considered.
Sally Hope • sally.hope@propubs.com
We hope that you find this Global Concrete Report
Subscriptions
Amanda Crow • amanda.crow@propubs.com to be of use. We welcome comments, corrections and
additions from our readers - in which case, please email
Office administration me at rob@propubs.com. Robert McCaffrey
Jane Coley • jane.coley@propubs.com Editorial Director
For further details, see: www.Global-Concrete.com
Principal author, this edition: Jacob Winskell
Concrete is the main constituent of modern civilisation. In this second edition of the Global
Concrete Report, Global Cement reviews trends in global concrete production in 2020-2021.
This edition includes the new Global Concrete Top 30, a run-down of the 30 leading ready-
mix concrete producers around the world, with detailed reports on each producer.
C Industry dynamics
Front cover: Builders lay concrete oncrete is formed by the
at a construction site in India
hydration of cement in
Source: Tiger Construction. the presence of aggregates. CHINA Figure 1 (left) shows the
NATIONAL
All concrete begins life in BUILDING
relative production shares
Right - Figure 1: a fluid state, but sets to MATERIAL of each of the Global
Global Concrete Top 30 form a durable solid. 11 - 30 Concrete Top 30 con-
10
concrete producers by share This combination of crete producers in 2020.
9
of Top 30 concrete production
in 2020. See Table 1 (right) workability and du- GLOBAL CONCRETE TOP 30 Cement companies
8 CEMEX
for details. rability has ensured dominate the listing.
concrete’s position as 416Mm3 Given their supply of
7
the world’s foremost HEIDELBERG- concrete’s most expen-
building material. In BBMG
CEMENT sive ingredient, they are
discussing global concrete CRH HOLCIM
well-positioned to extend
production, we will con- their existing operations
sider both ready-mix concrete another step along the supply
and precast concrete. The former chain. This enables them to max-
makes up more than three quarters imise profit from their cement - and,
Right - Figure 2: of global concrete sales and will commonly, aggregate - pro-
Global Concrete Top 30
be the subject of all statistical duction. However, globally,
concrete producers by share
of global concrete production analysis in the Global Con- competition authorities
in 2020. See Table 1 (right) crete Report 2021. have often mobilised to
for details. A concrete plant 1 - 30 protect smaller down-
serves a small area - up stream companies
to between 20km and against cement giants.
30km in the case of a GLOBAL TOTAL Figure 2 (left) shows
ready-mix concrete global concrete produc-
plant.1 As such, con- 10.1Bnm3 tion shares by producer.
crete plants are small The 9.69Bnm3-capacity
OTHERS
and numerous, situated ‘Others’ category con-
95%
wherever construction 9.69Bnm 3 sists of mostly small-scale,
takes place - mostly in or localised and single-site con-
near major cities. crete companies.
As is the case with companies, a large proportion of the world’s concrete is produced by a
relatively small number of countries. The Global Concrete Report 2021’s new Global Concrete
Top 10 lists the largest from 2020. This will provide the basis for a country-by-country
analysis of global ready-mix concrete production.
2.5
Ready-mix concrete volume (Bnm3)
2.0
1.5
1.0
0.5
0.0
2015 2016 2017 2018 2019 2020
Year
2. India
=4. Iran
From the Iranian government’s national cement
consumption figures, we can produce a ready-mix 13% year-on-year from US$1480 in 2018, Pakistan
concrete production estimate of 141Mm3 in 2020, is the poorest country in the Top 10. Challenges for
consistent with 2019 levels.13 concrete production include high coal and energy
costs.
6. Indonesia
Using Indonesian cement consumption data for 9. Japan
2020, we can produce a ready-mix concrete produc- Japan’s estimated ready-mix concrete production
tion estimate of 119Mm3 and a precast concrete was 89.2Mm3 in 2020.21 Japan is in a minority in the
production estimate of 34.7Mm3.14 Cement con- Global Concrete Top 10 both as a developed nation
sumption was 62.1Mt, up by 7.0% year-on-year from and one whose population is declining - down by
58Mt in 2019, as an increase in residential renova- 0.2% year-on-year at 126m in 2019 from 127m in
tions offset the depressing effects of the Covid-19 2018.23 Population peaked in 2010 at 128m, at which
outbreak on concrete demand.15 Of this, 37.2Mt time ready-mix concrete production was 100Mm3/
(60%) was used for housebuilding, 14.3Mt (23%) in yr. Considering this 11% ten-year decline, Japan’s
infrastructure and 10.6Mt (17%) for roadbuilding. share of global ready-mix concrete production
seems likely to diminish in future reports.
7. Brazil
2020 cement production data from the Brazilian Na- 10. Nigeria
tional Cement Association (SNIC), adjusted for trade In 2020, Nigeria’s estimated ready-mix concrete pro-
and other uses, converts to an estimate for Brazilian duction totalled 63.9Mm3, putting it in tenth place
ready-mix concrete production of 115Mm3 - down globally, third outside of Asia and first in Africa. Below: World map showing
by 1.4% year-on-year from 117Mm3 in 2019 - and Global Concrete Top 10
References country producers. Circle size
an estimate for national precast concrete production indicates national ready-mix
of 43.7Mm3.16, 17 SNIC estimated that total cement 1. Sandhya Anveka, ‘Recent Developments in the In- concrete production capacity.
consumption would grow by no more than 1% in dian Ready Mixed Concrete Industry,’ 3 March 2015, Key: see Table 2, overleaf.
2021 due to an anticipated economic downturn co- https://www.researchgate.net/publica-
inciding with the end of emergency state relief. tion/272832951_Recent_De-
velopments_in_the_In-
8. Pakistan dian_Ready_
Pakistan produced some 91.4Mm3 of ready-mix Mixed_Con-
concrete in 2020.18, 19, 20 In May 2021, the All Paki- crete_
stan Cement Manufacturers Association (APCMA)
forecast annual total cement consumption growth of
10 - 15% for the medium-term future, mainly due
to the US$62bn China-Pakistan Economic Corridor
infrastructure scheme. With a per-capita gross do-
mestic product (GDP) of US$1280 in 2019, down by
3 1
5 8 9
2
4
10
6
7
Rank Country Production (Mm3) Top 10 share (%) Global share (%) ary 2021, https://pubs.usgs.gov/periodicals/mcs2021/
mcs2021-cement.pdf.
1 China 2840 66 28
9. Global Cement, ‘Portland Cement
2 India 537 12 6.1 Association publishes Cement Consumption and Con-
3 US 186 4.3 1.8 struction Activity Outlook for Spring 2021,’ 12 April 2021,
4 Vietnam 141 3.3 1.4 https://www.globalcement.com/news/item/12246-port-
land-cement-association-publishes-cement-consumption-
= Iran 141 3.3 1.4
and-construction-activity-outlook-for-spring-2021.
6 Indonesia 119 2.8 1.2 10. Global Cement, ‘Iran,’ 28 April 2021, 21 September
7 Brazil 115 2.7 1.1 2021, https://www.globalcement.com/news/itemlist/tag/
8 Pakistan 91.4 2.1 0.9 Iran.
11. Statista, ‘Annual cement production volume in Vi-
9 Japan 89.2 2.1 0.9
etnam from 2010 to 2019,’ https://www.statista.com/
10 Nigeria 63.9 1.5 0.6
statistics/1036114/.
TOTAL: 4230 100 42 12. Global Cement, ‘Vietnam’s ten-month cement and
clinker exports increase by 19% to 31.6Mt in 2020,’ 26
November 2020, https://www.globalcement.com/news/
item/11661-vietnam-s-ten-month-cement-and-clinker-
Above - Table 2: Industry_Effects_on_Sustainable_Construction. exports-increase-by-19-to-31-6mt-in-2020.
Global Concrete Top 10 2. China Concrete and Cement Products As- 13. Trend Economy, ‘Vietnam, Imports and Exports: Ar-
concrete producing countries
by volume in 2021. sociation, ‘Industry Operation Report,’ 16 March ticles of cement, of concrete or of artificial stone; Value
2021, https://www.chyxx.com/industry/202103/ (US$) - 2008 - 2019,’ https://trendeconomy.com/data/h2/
938517.html. Vietnam/6810.
3. Shenzhen Limu Information Consultation, ‘Market 14. The Insider Stories, ‘ASI: Domestic Cement Con-
development forecast of China’s precast concrete pile sumption to Grow 8% in 2021,’ 4 March 2021, https://
industry in 2021,’ 10 February 2021, https://www.sohu. theinsiderstories.com/asi-domestic-cement-consumption-
com/a/450311147_252291. to-grow-8-in-2021/.’
4. Statista, ‘Cement production volume in India with a fore- 15. Global Cement, ‘Semen Indonesia forecasts 14% ce-
cast for 2021,’ https://www.statista.com/statistics/420530/ ment demand decline in 2020’ 8 October 2020, https://
production-of-cement-in-india/. www.globalcement.com/news/item/11451-semen-indone-
5. TrendEconomy, India: Imports and Exports - World; sia-forecasts-14-cement-demand-decline-in-2020.
Portland cement and similar hydraulic cements, Value 16. Global Cement, ‘SNIC,’ 12 January 2021, 10 July 2020,
(US$), 2009 - 2020,’ https://trendeconomy.com/data/h2/ https://www.globalcement.com/news/itemlist/tag/SNIC
India/2523. 17. TrendEconomy, ‘Brazil, Imports and Exports: World;
6. Indiamart, ‘UltraTech Portland Cement, 50Kg,’ https:// Portland cement, aluminous cement, slag cement, super-
dir.indiamart.com/items/ultratech-portland-cement- sulphate cement and similar hydraulic cements,’ 4 May
50-kg-s427.html. 2021, https://trendeconomy.com/data/h2/Brazil/2523.
Below: Workers lay concrete 7. World Bank Data, ‘Population, total - India,’ https://data. 18. Trading Economics, ‘Pakistan Cement Production.’
in Buenos Aires, Argentina. worldbank.org/indicator/SP.POP.TOTL?locations=IN https://tradingeconomics.com/pakistan/cement-produc-
Source: Shutterstock. 8. United States Geological Survey, ‘Cement,’ 21 Janu- tion.
19. Global Cement, ‘Annual Pakistan cement exports grow
by 40% to 6.41Mt,’ 23 July 2019, https://www.globalcement.
com/news/item/9600-annual-pakistan-cement-exports-
grow-by-40-to-6-41mt.
20. Trend Economy, ‘Pakistan, Imports and Exports: Ar-
ticles of cement, of concrete or of artificial stone; Value
(US$) - 2009- 2020,’ 5 April 2021, https://trendeconomy.
com/data/h2/Pakistan/2523.
21. World Bank Data, ‘Population, total - Japan,’ https://
data.worldbank.org/indicator/SP.POP.TOTL?locations=JP.
22. GlobBulk Consulting, ‘World Cement Statistics Book-
let,’ 5 June 2020, http://www.globbulk.com/media/news/
documentos/World%20Cement%20Statistics%20Book-
let%20R0.pdf.
paul.brown@propubs.com
The world’s largest ready-mix concrete producer is a relatively young company, dating
to 1984 when China National Building Materials Group Corporation merged with
China National Materials Group Corporation. China National Building Material is now
the world’s largest building materials producer and commands a ready-mix concrete
production capacity of 460Mm3/yr. In 2020, it produced 112Mm3 of ready-mix concrete,
corresponding to a capacity utilisation of 24%.1, 2
75 30
50 20
25 10
0.0 0.0
2015 2016 2017 2018 2019 2020
Year
BEIJING, CHINA
2. Cemex
Mexico-based Cemex’s concrete production footprint covers more than 20 countries across
its four regions of Mexico, US, South and Central America and the Caribbean (SCAC) and
Europe, Middle East, Africa and Asia (EMEAA). It sold 47Mm3 of ready-mix concrete in 2020,
0.5% of the global production total.1
The range consists of Vertua Classic, Vertua Plus The asset sales continued into 2021 with the
and Vertua Ultra, with increasing degrees of CO2 disposal of 24 of Cemex France’s concrete plants in
emissions reduction from 20 - 30% for Vertua Clas- February 2021. The group said that the on-going
sic up to 70% for Vertua Ultra. The Mexican and US optimisation is aimed at weighting its portfolio more
launches of Vertua concretes followed in December towards the US and Europe. On 17 February 2021, it
2020, and Cemex España launched the range on the acquired US-based Beck Readymix Concrete, which
Spanish market in 2021. operates four ready-mix concrete plants in Texas.
In January 2021, Cemex UK delivered on a Cemex recorded first-quarter consolidated
70.0m3 order for Vertua Classic to green hous- ready-mix concrete sales of 11.6Mt in 2021, in line
ing company Citu’s Climate Innovation District in with those in the first quarter of 2019.4 Its net sales
Leeds, West Yorkshire. By mid-August 2021, it had were US$3.41bn, up by 11% year-on-year from
supplied 113,000m3 of Vertua concrete to 1700 pro- US$3.07bn in the first quarter of 2020, with growth
jects across its home country of Mexico, with orders in all four regions. Chief executive officer Fernando
from 500 future projects there. González Olivieri surmised that Cemex now stands
at the start of sustainable growth in its main mar-
Financial news kets. On 24 June 2021, it revised its full-year earnings
Ready-mix concrete accounted for US$5.33bn before interest, taxation, depreciation and amortisa-
(41%) of Cemex’s total US$13.0bn consolidated tion (EBITDA) forecast to US$3.1bn in 2021, up by
sales in 2020, down by 3.5% year-on-year from 26% year-on-year from US$2.46bn in 2020 and 6.9%
US$5.51 (42%) of US$13.1bn in 2019. Its operating higher than its previous forecast of US$2.90bn.5
earnings before interest, taxation, depreciation and
amortisation (EBITDA) for the year rose by 3.4% to References
US$2.46bn from US$2.38bn. The company attrib- 1. Cemex, ‘Integrated Report 2020,’ January 2021.
uted this to an increase in sales volumes across all 2. Global Cement, ‘Cemex realigns climate goals to Science-
products in the fourth quarter of 2020. Based Targets Initiative’s Well Below 2° scenario,’ 25 June
2020 saw Cemex continuing to implement cost- 2021, https://www.globalcement.com/news/item/12611.
saving initiatives and pursue its mid-2018 asset sales 3. Global Cement, ‘Cemex to launch Vertua concrete
target of US$1.50bn - US$2bn by the end of 2020. In product worldwide,’ 30 October 2020, https://www.
March 2020, it sold its 75% US-based Kosmos Ce- globalcement.com/news/item/11544.
ment stake for US$499m and, in August 2020, sold 4. Cemex, ‘First Quarter Results 2021,’ 30 April 2021.
some of Cemex UK’s assets including 49 of the lat- 5. Cemex, ‘Cemex achieves investment-grade capital
Below - Figure 9: World map
ter’s 190 ready-mix concrete plants for US$230m. In structure,’ 24 June 2021, https://www.cemex.com/press-
showing jurisdictions in which
its full-year report, the company reported full-year releases-2021. Cemex produces ready-mix
cost savings of US$280m, 22% higher than its target concrete shaded in blue.
for the year of US$230m.
MEXICO CITY,
MEXICO
3. HeidelbergCement
One of the oldest companies in the Global Concrete Top 30, HeidelbergCement will
celebrate its 150th anniversary in 2023.1 A truly global concrete giant, it has ready-mix
concrete operations in a total of 36 countries in September 2021.
F rom
Württemberg,
its eponymous
home town in Baden-
Germany,
Company factfile
HeidelbergCement
HeidelbergCement operates
a 1700-plant-strong global HQ: Heidelberg, Germany.
ready-mix concrete network RMC production: 46.9Mm3/yr.
Right - Figure 10:
HeidelbergCement’s 2020 stretching from the Arctic Sales in 2020: US$20.6bn.
ready-mix concrete sales Circle to Australia. 722 of WESTERN
volumes by business region.
its plants (43%) are in its AND
SOUTHERN
Source: HeidelbergCement. home region of Western EUROPE
AFRICA-
and Southern Europe.
EASTERN MED. BASIN
367 plants are in Asia- 5.00Mm3 11%
17.2Mm3
Pacific (22%); 327 are Sustainability
37%
in Northern and East- NORTH NORTHERN AND EASTERN On 22 July 2021, Hei-
ern Europe-Central AMERICA EUROPE-CENTRAL ASIA delbergCement signed
6.00Mm3 13%
Asia (19%); 193 are in the Science-Based Tar-
7.80Mm3
North America (11%) gets Initiative (SBTi)’s
and 88 are in Africa- 17% 10.6Mm3 Business Ambition for
Eastern Mediterranean ASIA-PACIFIC 1.5°C commitment and
23%
Basin (5%). In 2020, Heidel- joined the UN Framework
bergCement’s ready-mix concrete Convention on Climate Change’s
production fell by 7.4% year-on-year Race to Zero coalition, confirming its
to 46.9Mt from 50.7Mm3. Only North commitment to net-zero carbon emissions
America recorded an increase in volumes, of 0.9% by 2050 in its global activities. The group prepared
to 7.8Mm3 from 7.7Mm3.2 Volumes fell by 4.7% to for this by creating a new board position of chief
5.0Mm3 from 5.3Mm3 in Africa-Eastern Mediter- sustainability officer (CSO), to which it appointed
ranean Basin, by 6.4% to 17.2Mm3 from 18.4Mm3 Nicola Kimm.
in Western and Southern Europe and by 11% to In its 2020 Sustainability Report, HeidelbergCe-
6.0Mm3 from 6.8Mm3 in Northern and Eastern Eu- ment recorded a specific net CO2 emissions
rope-Central Asia. The sharpest decline was of 12%, reduction of 2.2% year-on-year to 576kg/t of ce-
to 10.6Mm3 from 12Mm3, in Asia-Pacific. Figure 10 mentitious material in 2020 from 589 kg/t in 2019,
(above right) shows all five regions’ ready-mix con- corresponding to a 23% reduction since 1990,
crete volumes and shares of the group total. against a target of 30% by 2025. During the year, the
group joined climate lobby group Foundation 2°,
News and achieved a CDP climate protection rating of A
and a water security rating of A-.
HeidelbergCement is currently reforming its The group is a collaborator on C2inCO2, the Ger-
ready-mix concrete operations ‘from the ground man government-led study aimed at accelerating
up’ through an improvement programme covering natural CO2 binding in the lifespan of concrete.
raw material delivery, logistics, production, product
range and concrete plants and pumps, with the twin Financial news
objectives of generating savings and improving the HeidelbergCement’s full-year consolidated sales fell
quality of products and services. by 6.9% year-on-year in 2020 to Euro17.6bn from
The company has developed a number of highly Euro18.9m in 2019. The sharpest regional sales de-
specialist concretes, such as fibre-reinforced I.power cline was in Asia-Pacific, of 11% to Euro3bn from
Riginera ready-mix concrete for the rehabilitation Euro3.37bn, and sales fell in all regions except Af-
of pillars and supports, and reduced-CO2 I.tech 3D rica-Eastern Mediterranean Basin, where they rose
ready-mix concrete for use in 3D printing. by 4.7% to Euro1.77bn from Euro1.69bn.
HEIDELBERG,
GERMANY
4. Holcim
ZUG,
SWITZERLAND
5. CRH
Ireland-based and westward-looking, CRH produces concrete under various trade names
including Oldcastle in North America and Opterra in Europe. Its product portfolio covers
ready-mix, precast and architectural concrete.
DUBLIN,
IRELAND
6. BBMG Corporation
S t a t e -
owned
BBMG Cor-
Company factfile
BBMG Corporation
p o r a t i o n’s
business HQ: Beijing, China.
model con- RMC production: 16.2Mm3/yr.
sists of four Sales in 2020: US$16.7bn.
segments: cement and ready-mixed concrete, mod-
ern building materials, commerce and logistics and
property Development. Corporation does not produce precast concrete.
Of interest to us is the first, which turned out
16.2Mm3 of ready-mix concrete in 2020, down by Results
7.7% year-on-year from 17.5Mm3 in 2019. BBMG In 2020, BBMG Corporation recorded a consoli-
dated sales rise of 18% year-on-year to US$16.7bn
Right: Tianjin, China. from US$14.2m in 2019. Its net profit dropped by
Source: Shutterstock.
0.5% to US$795m from US$799m.
References
Below - Figure 14: World 1. BBMG Corporation, ‘2020 Annual Report,’ 25
map showing jurisdictions March 2021, https://bbmg-umb.azurewebsites.net/
in which BBMG Corporation media/1251/2020-annual-report.pdf.
produces ready-mix concrete
shaded in red.
BEIJING, CHINA
China Resources Cement was incorporated in the Cayman Islands in 2003. It directly
owns a total of 60 ready-mix concrete plants across seven Chinese provinces - three in
northern China and four in southern China near to its modern headquarters of Shenzhen,
Guangdong province. The group’s ready-mix concrete capacity totals 36Mm3/yr.1
C hina’s
private
concrete
largest
sector
company,
Company factfile
China Resources Cement
China Resources
Cement, produced HQ: Shenzhen, China.
15Mm3 of ready-mix RMC production: 15.0Mm3/yr.
concrete, down by 5.6% year-on-year Sales in 2020: US$5.14bn.
from 15.9Mm3 in 2019. Group ready-mix concrete
production capacity utilisation decreased to 38%
from 39%. The group is increasingly also a precast
concrete producer: in 2020 alone, it increased its (Cement) Limited, a company incorporated in the
precast concrete capacity by 900,000m3/yr. British Virgin Islands, is the Company’s immediate
holding company Below - Figure 15: World
Results map showing jurisdictions
in which China Resources
China Resources Cement’s total sales increased References Cement produces ready-mix
in 2020 by 2.9% year-on-year to US$5.14bn from 1. China Resources Cement, ‘Annual Results 2020,’ 8 March concrete shaded in orange.
US$5.00bn in 2019. Total concrete sales increased 2021, https://www.crcement.com/home/Investorrelations/
by 5.5% to US$841m from US$887m in 2019, while Resultsannouncement/Annual_performance/202103/
profit attributable to the owners of the company P020210325331418446115.pdf.
rose by 4% to US$1.15bn from US$1.11bn. CRH
SHENZHEN, CHINA
8. Buzzi Unicem
Italy-based Buzzi Unicem’s ready-mix concrete operations extend over eight European
countries, Mexico and the US.1 The group currently does not produce precast concrete.
References
1. Buzzi Unicem, ‘Annual Report 2020,’ 8 Febru-
ary 2021, https://www.buzziunicem.com/documents/
2 0 1 4 3 / 0 / A n nu a l % 2 0 R e p or t % 2 0 2 0 2 0 / c d c 4 b 0 7 e -
6667-9d9b-bc1d-f45d0ded094a?version=1.4.
CASALE MONFERRATO,
ITALY
9. Vicat
In 2020, France-based Vicat’s 258 ready-mix concrete plants produced 9Mm3 of concrete,
in line with 2019 volumes.1
PARIS, FRANCE
From one of the more geographically diffuse ready-mix concrete producers, we proceed
to one of the most localised. State-owned Shanghai Construction Group predominates in
the ready-mix concrete market in Shanghai municipality.
SHANGHAI, CHINA
News
Headquarters: Raleigh, US.
On 24 May 2021, Martin Marietta Materials agreed
RMC production: 7.68Mm3/yr. to buy Germany-based HeidelbergCement sub-
sidiary Lehigh Hanson’s US West business for
Consolidated sales in 2020: US$4.73bn. US$2.3bn.2 The business includes ‘several’ ready-mix
concrete plants. The deal is scheduled to conclude in
mid-late 2021. The acquisition aims to capitalise on
increased long-term state infrastructure investment
References
Below: Thomas Concrete
Group trucks in the US. T homas Concrete Group produces ready-mix
concrete at 154 plants in four countries: 73
in the US, in Georgia, North Carolina and South
1. Thomas Concrete Group, ‘Welcome to Thomas Concrete
Group,’ 1 May 2021, https://thomasconcretegroup.com/us/
about-us/about-thomas-concrete-group.
Source: Thomas
Concrete Group. Carolina, 36 in Sweden, 26 in Germany and 20 in
References
References
and Turkey.1 This makes it the first company in the 1. Cementir Holding, ‘2020 Annual Report,’ 10 March
Global Concrete Top 30 not to produce any concrete 2021, https://www.cementirholding.com/sites/default/
in its own home country. Ready-mix concrete sales files/documenti/2021-05/Cementir%20Holding%20
volumes were 4.44Mm3 in 2020, up by 7.8% year- Annual%20Report%202020.pdf.
on-year from 4.12Mm3 in 2019, but 20% below the
previous high of 4.95Mm3 in 2017. Growth contin-
References
1. UltraTech Cement, ‘Sustainability Snapshot 2020-21,’ 30
References
Maryland and Pennsylvania.1 In 2020, the com- 1. Vulcan Materials, ‘10-K,’ 12 February 2021, https://
pany’s ready-mix concrete sales volumes fell by 5% sec.report/Document/0001396009-21-000009/.
year-on-year to 2.84Mm3, while the value of its 2. Global Cement, ‘Vulcan to buy US Concrete,’ 8 June
ready-mix concrete sales fell by 3.3% to US$384m 2021, https://www.globalcement.com/news/item/
from US$397m in 2019. 12510-vulcan-to-buy-us-concrete-for-us-1-29bn.
References
year-on-year to 2.55Mm3 in 2020 from 2.3Mm3 in 1. Breedon Group, ‘Annual Report 2020,’ 17 March 2021,
2019. Its consolidated revenues also fell, by 0.1% to https://www.breedongroup.com/images/uploads/articles/
US$1.27bn from US$1.28bn. Breedon_Group_2020_ARA.pdf.
References
27. GCC
and Mexico in 2020, where it operates 94 ready-mix
Headquarters: Chihuahua City, Mexico. concrete plants, and a further 6 precast concrete
plants in Mexico.1 Global Cement reported on 27
RMC production: 2.48Mm3/yr. January 2021 that its consolidated sales rose by 0.5%
year-on-year to US$939m from US$934m in 2019.
Consolidated sales in 2020: US$1.27bn.
References
1. GCC, ‘Annual Report 2020,’ 30 April 2021, http://cdn.
investorcloud.net/gcc/InformacionFinanciera/Informacio-
29. Çimsa
Headquarters: Istanbul, Turkey. Ç imsa is primarily a white cement producer and
exporter to 65 countries.1 It sold 2.00Mm3 of
ready-mix concrete in 2020.
RMC production: 2.00Mm3/yr.
References
Consolidated sales in 2020: US$250m. 1. Çimsa, ‘Annual Report 2020,’ 1 April 2021, https://
www.cimsa.com.tr/ca/docs/233E1C84A98E461EB5C654
7C6B0972/BAA5D5811DAB49B4AB02EA3ACB4A4F70.
pdf.
References
1. Anhui Conch Cement Company Limited, ‘2020 Annual
paul.brown@propubs.com
in 2021-2022 from:
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