Cement News tagged under: Asphalt
Vulcan Materials sees revenues advance in 2022 despite poor weather17 February 2023, Published under Cement NewsVulcan Materials has announced total revenue of US$7315m in 2022, up from US$5552m in the previous year. Adjusted EBITDA came in at US$1626m in 2022, compared to US$1451m in 2021, while gross profit advanced from US$1373m in 2021 to US$1558m 12 months later. In the fourth quarter of 2022, total revenue stood at US$1732m, versus US$1606m in the 4Q21. Adjusted EBITDA fell from US$383m in the 4Q21 to US$375m in the same period a year later, while gross profit remained stable at US$350m in... |
MPA welcomes news of urgent review of UK planning policy16 February 2023, Published under Cement NewsUK producers of essential materials for infrastructure projects have welcomed news that an urgent review of national planning policy for major projects is to be carried out. UK chancellor, Jeremy Hunt, has asked the National Infrastructure Commission (NIC) to identify how the planning system could create greater certainty for infrastructure stakeholders – including the supply chain – ahead of an action plan on the UK’s Nationally Significant Infrastructure Projects (NSIPs). In its recen... |
MPA calls for electrification push by UK government12 January 2023, Published under Cement NewsThe Mineral Products Association (MPA) has welcomed the UK government’s announcement of the new Energy Bill Discount Scheme (EBDS), extending the Energy Bill Relief Scheme. The broad support available through the EBDS encompasses most of the products manufactured by MPA members, including aggregates, asphalt, cement, concrete and industrial minerals. However, the MPA says the proposed support may not be sufficient to maintain the competitiveness of UK manufacturing should prices return to th... |
Demand for mineral products falls for second quarter in a row, says MPA14 November 2022, Published under Cement NewsDemand for aggregates, asphalt and ready-mixed concrete has declined for the second quarter in a row in the 3Q22, according to the UK-based Mineral Products Association (MPA). MPA members supply around 90 per cent of the total market for minerals and mineral products in Great Britain, predominantly to the construction industry. Sales volumes were not only down on 2021 but also below their 2019 level. Over the past year, compared to 2019, aggregates sales have fallen 2.3 per cent, asph... |
Lehigh Hanson acquires concrete and asphalt recycling company05 October 2022, Published under Cement NewsLehigh Hanson, Inc has acquired JEV Recycling Inc a key recycler of concrete and asphalt with a large facility in Woodinville, Washington, USA. With the addition of the JEV business, Lehigh Hanson continues to strengthen its portfolio of recycled materials in the Greater Seattle area to better meet the increasing need for more sustainable construction materials. “The acquisition of JEV Recycling represents an important step for Lehigh Hanson as we grow our business beyond cement and ag... |
UK building material volumes increase in 4Q2108 February 2022, Published under Cement NewsThe latest UK industry survey from the Mineral Products Association (MPA) shows that volumes of primary aggregates increased by 15.7 per cent YoY in 2021, 14.1 per cent for ready-mixed concrete, 12.5 per cent for asphalt and 24.4 per cent for mortar. Survey results also show that construction demand remained strong in the final quarter of the year, in spite of unprecedented supply bottlenecks impacting progress on construction sites, cost increases and higher uncertainty due to Omic... |
Breedon disposes of 14 assets to Tillicoultry Quarries for GBP12.2m09 November 2020, Published under Cement NewsBreedon Group Plc is pleased to announce that it has agreed the disposal of certain assets to Tillicoultry Quarries Ltd for GBP12.2m on a cash and debt-free basis. The 14 sites to be divested include 10 ready-mixed concrete plants and an asphalt plant and associated aggregates depot in England, and two quarries and a cement terminal in Leith, Scotland. The earnings of the assets being disposed of are not material to the Breedon Group. Breedon is divesting these assets at the di... |
GB sales of heavy-side building materials slump in 2Q2004 August 2020, Published under Cement NewsThe latest statistics released by the Mineral Products Association (MPA) show that sales of heavy-side building materials, including aggregates, ready-mix concrete (RMC), asphalt and mortar saw unprecedented declines during the 2Q20. Aggregates sales volumes were 38 per cent lower, RMC 39 per cent and asphalt 28 per cent on a quarterly basis. The swift closure of housebuilding sites as the lockdown was announced in March resulted in the mortar market suffering an even sharper fall in deman... |
Cemex divests of its Pacific Northwest Materials business in the US18 April 2017, Published under Cement NewsCemex announced that one of its subsidiaries in the US has signed a definitive agreement for the sale of its Pacific Northwest Materials Business to Cadman Materials Inc, a LehighHanson company and US subsidiary of HeidelbergCement Group, for approximately US$150m. The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes. The closing of this transaction is subject to the satisfaction of certain conditions, including approval... |
USA: Vulcan Materials sees 15.6% profit improvement04 May 2016, Published under Cement NewsVulcan Materials, the largest US aggregates producer, generated a first-quarter turnover 15.6 per cent higher at US$754.7m while EBITDA doubled (+100.3 per cent) to US$155.9m. At the trading level, the first-quarter profit went from US$10.8m to US$64.9m and the net interest charge in the period dropped by 46.1 per cent to US$33.7m, giving a swing at the pretax level from a loss of US$50.7m to a US$30.5m profit and at the net attributable level the loss was replaced by a US$18.9m profit. Agg... |