Cement News tagged under: North America
Eagle Materials posts record results22 May 2024, Published under Cement NewsEagle Materials has reported record revenue of US$2.3bn in the FY23-24, ended 31 March 2024, marking a five per cent advance YoY. Net earnings over the year improved by three per cent to reach a record US$477.6m, while adjusted EBITDA was up seven per cent YoY to US$834.5m. In the 4QFY23-24, revenue advanced to US$476.7m, up one per cent on the same period a year earlier. Net earnings over the three-month period fell 23 per cent to US$77.1m, while adjusted EBITDA contracted 10 per cent... |
Holcim expands alternative thermal energy capacity at Hagerstown21 May 2024, Published under Cement NewsHolcim US Inc 's Hagerstown plant in Maryland, USA, is accelerating its net-zero journey by expanding its alternative thermal energy capacity to 45 per cent, representing 58,000tpa of engineered fuel. The US$11m project will improve the plant’s sustainability profile by replacing traditional fuels with alternative thermal energy, engineered from materials at their end of life, that would otherwise be landfilled, such as non-recyclable paper, plastics and fibres, according to the company. ... |
Eagle Materials expands Laramie plant21 May 2024, Published under Cement NewsEagle Materials has announced plans to modernise and expand its cement plant in Laramie, Wyoming, USA, and related distribution facilities, to serve the growing northern Colorado area, Nebraska, Utah and Wyoming. The upgraded plant and additional distribution facility in northern Colorado will feature state-of-the-art technology, designed to maximise operational efficiency and further strengthen Eagle’s low-cost producer position, according to the company. The expansion will increase t... |
US building materials groups report strong 1Q2417 May 2024, Published under Cement NewsCemNet has a look across the pond at how three US building materials companies have fared in the 1Q24. While results were stronger than expected in the 1Q24 for several cement producers in America, the task will be to capitalise on that during the rest of this year. Titan America, Summit Materials Inc and CRH have all steered their strategies to maximising US revenues and the benefits are starting to show. Titan gears up for IPO Titan Cement International announced this week that it ... |
CRH revenue up 2% YoY in 1Q2416 May 2024, Published under Cement NewsCRH has reported total revenue of US$6.5bn in the opening quarter of 2024, ended 31 March. This marks a two per cent expansion compared to the same period a year earlier. Adjusted EBITDA over the 1Q24 came in at US$445m, up 15 per cent YoY, while the adjusted EBITDA margin advanced 80bps to 6.8 per cent. The gain in adjusted EBITDA was attributed to the continued delivery of the company’s integrated solutions strategy, strong commercial progress, ongoing costs control and further operation... |
CEMEX signs solar agreement for Clinchfield plant15 May 2024, Published under Cement NewsCEMEX USA has entered into an off-site renewable energy agreement with Georgia Power for its Clinchfield cement plant as part of its ongoing decarbonisation drive. Through this long-term agreement the Clinchfield plant will secure approximately 25 per cent of its power requirements from solar facilities throughout the state beginning in 2025, reports PR Newswire. “Embracing solar power not only accelerates our own aggressive sustainability goals but also sets a powerful example for ... |
Alkali attack as refractory wear mechanism13 May 2024, Published under Cement NewsThe increasing use of alternative fuels in cement production has led to increased wear on kiln refractories. Infiltration of sulphur oxides, alkali sulphates, and chlorides require more frequent attention to the state of the refractory to ensure continued safe operation of the kiln line. By Larry Morley, HWI - a member of Calderys, USA W hile alternative fuels in cement manufacturing offer significant advantages, including cost savings and reductions in carbon emissions, they also presen... |
Titan America to be listed in US equity market13 May 2024, Published under Cement NewsTitan Cement International has announced its intention to proceed with the IPO of its US business ( Titan America ), with the aim of raising funds that will facilitate the group’s and Titan America’s future growth. Titan America, a US$1.6bn sales business, is a leading and fully integrated player in the high-growth economic regions of the US East Coast, with operations and leading market positions across Florida, the Mid-Atlantic, and Metro New York/New Jersey. According to the company... |
CRH announces new share buyback10 May 2024, Published under Cement NewsCRH plc has completed the latest phase of its share buyback programme, returning a further US$0.3bn of cash to shareholders. Between 29 February 2024 and 9 May 2024, 3.7m ordinary shares listed on the New York Stock Exchange were repurchased. This brings the total cash returned to shareholders under the ongoing share buyback programme to US$7.6bn since it began in May 2018. CRH has also announced that it has entered into an arrangement with HSBC Securities (USA) Inc to repurchase ordin... |
Carbon mineralisation: the next step in decarbonisation10 May 2024, Published under Cement NewsAs the cement and concrete industry grapples with government regulations and growing demand for greener materials, carbon mineralisation is the next logical step toward a decarbonised sector. By CarbonCure Technologies, USA A ready-mix concrete plant retrofitted with a CarbonCure carbon mineralisation system (© CarbonCure Technologies) T he concrete and cement industry has been applying carbon reduction best practices and technologies for some time. However, today’s most w... |