Eagle Materials Announces Plans To Modernize And Expand Its Cement Plant In Laramie, Wyoming; Project Investment Totals $430M Increasing Plant Capacity By 50%
Portfolio Pulse from Benzinga Newsdesk
Eagle Materials plans to modernize and expand its cement plant in Laramie, Wyoming, with a $430M investment, increasing capacity by 50%. The project will reduce costs and CO2 intensity by 20%, with completion expected in the second half of 2026.
May 17, 2024 | 12:05 pm
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Eagle Materials is investing $430M to modernize and expand its Laramie, Wyoming cement plant, increasing capacity by 50% and reducing CO2 intensity by 20%. The project is expected to be completed by the second half of 2026.
The significant investment in modernizing and expanding the plant is likely to improve operational efficiencies, reduce costs, and enhance sustainability, which should positively impact Eagle Materials' stock in the short term.
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