Summit Materials Drives Towards 2050 Net Zero Carbon Targets with Full Conversion to Portland Limestone Cement at Continental Cement Company’s Hannibal Plant
Summit Materials, Inc. Class A (SUM)
Last summit materials, inc. class a earnings: 4/29 06:00 am
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Source: Business Wire
Reflects Full Conversion of Continental Cement Company to Portland Limestone Cement100% of Production at Hannibal and Davenport plantsReduces carbon emissions per ton by up to 10% compared to traditional Portland CementSupports Summit’s 2030 and 2050 decarbonization targetsDrives Summit’s vision to become the most sustainable integrated construction materials company DENVER--(BUSINESS WIRE)--Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a leading vertically integrated construction materials company, announces that effective August 4, its Hannibal plant, operated by Continental Cement Company, LLC ("Continental Cement"), a subsidiary of Summit, converted 100% of its annual production to Portland Limestone Cement ("PLC").Portland Limestone Cement ("PLC") is a blended cement with a higher limestone content, which results in a product that has similar performance characteristics as traditional Portland Cement, but with a reduction in
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News
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- Summit Materials, Inc. (NYSE: SUM) had its price target raised by analysts at Citigroup Inc. from $46.00 to $51.00. They now have a "buy" rating on the stock.MarketBeat
- Summit Materials, Inc. (NYSE: SUM) had its price target raised by analysts at Truist Financial Co. from $50.00 to $53.00. They now have a "buy" rating on the stock.MarketBeat
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Earnings
- 2/14/24 - Beat
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Sec Filings
- 4/8/24 - Form ARS
- 4/8/24 - Form DEFA14A
- 4/8/24 - Form DEF
- SUM's page on the SEC website