Cement News tagged under: North America
Canada welcomes government CCUS commitment23 November 2023, Published under Cement NewsThe Cement Association of Canada (CAC) says it is pleased to support the measures and investments announced in the Federal Fall Economic Statement to advance the Carbon Capture Utilisation and Storage Investment Tax Credits (CCUS ITC) and others. According to the CAC, it is essential that Canada keeps pace with other jurisdictions such as the US and the EU in attracting investment in industrial decarbonisation. “Attracting investment means that Canada’s economy remains competitive and r... |
CRH reaches agreement on Martin Marietta acquisition22 November 2023, Published under Cement NewsCRH has reached an agreement to acquire a portfolio of cement and ready-mixed concrete (RMC) assets in Texas, USA, from Martin Marietta Materials for a total consideration of US$2.1bn. According to CRH, the combined portfolio of assets is expected to generate pro-forma 2023 EBITDA of approximately US$170m. The assets include the 2.1Mta Hunter cement plant located between San Antonio and Austin, a network of terminals along the eastern gulf coast of Texas, and a portfolio of 20 RMC pla... |
CRH reports 8% sales growth in 9M2321 November 2023, Published under Cement NewsCRH has posted sales of US$26.3bn for the first nine months of 2023, up eight per cent on the same period a year earlier. EBITDA in the 9M23 has come in at US$4.8bn, marking a 14 per cent YoY advance, while the EBITDA margin has expanded by 100bps to 18.1 per cent. According to the company, the positive momentum seen in the first half of the year continued into the third quarter, underpinned by strong commercial progress and positive underlying demand across key end-use markets. Sales ... |
Holcim US rebrand reaches Atlanta17 November 2023, Published under Cement NewsHolcim US has announced that the expansion of its rebrand has now touched down in Atlanta, Georgia, one of its major cement distribution markets. The transition will see the company refresh its branding and renew its commitment to sustainability as part of the global focus on becoming a net-zero company. With cement terminals in Cartersville, Duluth and Covington, Georgia, the rebranding initiative reinforces Holcim’s dedication to the Metro Atlanta area and Southern region, according ... |
Argos records EBITDA of COP742bn in the 3Q2310 November 2023, Published under Cement NewsArgos reported that for the 3Q23 adjusted EBITDA stood at COP742bn (US$180.35m), increasing 25.4 per cent on a comparable basis versus 3Q22. The company's revenue in the 3Q23 slipped one per cent YoY to COP3087bn from COP3118bn in the year-ago period. The results were driven by strong pricing dynamics across all regions, combined with cost efficiencies. The adjusted EBITDA margin stood at 24 per cent for the quarter up from 19 per cent YoY. Cement dispatches reached 3.98Mt, with a contrac... |
Titan announces 14% sales rise in 9M2310 November 2023, Published under Cement NewsTitan 's group sales in the 9M23 increased by 14 per cent to EUR1892m YtD driven by increased volumes in all its regions and by solid pricing levels. Group EBITDA reached EUR397m YtD, up by 72 per cent as the group’s margins restored. Net profit more than doubled in the YtD to EUR198m. The group’s nine-month 2023 net profit after taxes and minority interests (NPAT) more than doubled, reaching EUR197.6m, compared to the EUR89.1m recorded in the same period in 2022. Growth-oriented capital... |
Buzzi SpA announces consolidated 9M23 net sales of EUR3303m09 November 2023, Published under Cement NewsBuzzi SpA announced that consolidated net sales in the 9M23 were equal to EUR3303m, up 9.9 per cent compared to EUR3004m in 9M22. Cement and concrete volumes fell -8.1 and -12 per cent YoY, respectively, due to a significant contraction of demand in central and eastern Europe, and to a less marked weakness in Italy and the United States. Cement and clinker sales of the group, in the first nine months of 2023, stood at 20.1Mt (21.9Mt in 9M22). Ready-mix concrete output reached 7.7Mm ... |
US Portland and blended cement shipments slip in August09 November 2023, Published under Cement NewsTotal shipments of Portland and blended cement shipments (including imports) in the USA and Puerto Rico slipped slightly to 10.6Mt in August 2023 when compared with August 2022, according to the US Geological Survey (USGS). Of the total blended cement volume, 5.7Mt or 98 per cent, was Portland limestone cement (Type IL). The main markets for Portland and blended cement in August 2023 were Texas, California, Florida, Ohio and Georgia, which accounted for a total 37.5 per cent of the month’s ... |
US General Services Administration to spend US$2bn on low-carbon building materials09 November 2023, Published under Cement NewsThe US General Services Administration (GSA) plans to spend US$2bn from the Inflation Reduction Act (IRA) to purchase cement and other building materials with substantially lower embodied carbon emissions, according to the Sierra Club. The building materials will be used to build and retrofit hundreds of government facilities in 150 projects across 39 states, Washington DC and Puerto Rico. The step follows the success and lessons learned from 11 pilot projects announced in May 2023. The ... |
PCA urges EPA to revisit air quality proposal07 November 2023, Published under Cement NewsThe Portland Cement Association (PCA) has urged the US Environmental Protection Agency (EPA) to reconsider enforcing a proposed lower, fine particulate matter (PM) National Ambient Air Quality Standard (NAAQS). Under the NAAQS programme, the proposed rule would lower the primary (health-based) annual fine particulate matter (PM2.5) standard from the current level of 12µg/m 3 to within a range of 9-10 µg/m 3 . Complying with the new standard would require America’s cement companies — wh... |