Cement News tagged under: North America
Argos MD forecasts further investments in the USA and Caribbean05 September 2023, Published under Cement NewsJuan Esteban Calle, MD of Argos SA has revealed that the company is looking to invest in the USA and nearby markets to increase imports. “In the United States, we are making a significant investment in a port in Houston, which will help increase imports,” said Mr Calle. “We are also making other relevant investments in two plants that will allow us to increase our capacity in West Virginia and South Carolina, with an additional 450,000t for the domestic market. “Furthermore, we have ... |
US construction outlook is about to change for CRH and others01 September 2023, Published under Cement NewsThe outlook for US construction of affordable housing is set to change dramatically over the next two years. "Developers see a massive shortage ahead, which threatens to undo the recent progress in closing the daunting affordable housing gap in many US cities," reports Bloomberg. While interest rates have been increasing, the number of housing projects starting this year has been cut significantly. 2022 projects will typically come online after 18-24 months, therefore construction compani... |
H&M Construction Co to build GCC K3 Odessa expansion project29 August 2023, Published under Cement NewsH&M Construction Co, Inc has been selected by GCC to be the design-builder of its new K3 pyroprocessing expansion at the Odessa , Texas, USA facility. GCC, a leading producer of cement and concrete in the US and Mexico, recently announced that it will execute a capacity expansion at the Odessa plant, increasing its cement production capacity by over 1Mta and lowering the plant’s greenhouse gas intensity by 13 per cent. As part of the design-build scope, H&M will work closely with GC... |
UNACEM to acquire Tehachapi plant25 August 2023, Published under Cement NewsPeru-based Grupo UNACEM is buying the 0.9Mta Tehachapi cement plant in California, USA, from Martin Marietta Materials Inc for US$317m. "The acquisition of Tehachapi represents an opportunity to strengthen our presence in the Southwest US market," said Pedro Lerner, CEO of Grupo UNACEM. "If this transaction is approved, the United States would become the second country in terms of installed capacity for the UNACEM Group and also as a generator of revenues and EBITDA, after Peru. It is a... |
Cupertino site to become housing and open spaces area23 August 2023, Published under Cement NewsThe former Lehigh Southwest Cement Co cement plant site in the Santa Cruz Mountains near Cupertino, USA, is likely to turn into a combination of housing and open spaces. The site’s cement-making operations shut down over three years ago and the Santa Clara County Board of Supervisors recently solidified the plant’s permanent closure through an agreement with Lehigh and partner Hanson Permanente Cement Inc. Lehigh’s parent company, Heidelberg Materials AG , is decommissioning and re... |
PCA announces 2023 Energy and Environment Award winners21 August 2023, Published under Cement NewsThe Portland Cement Association (PCA), which represents the majority of America’s cement manufacturers, has announced the winners of its 2023 Energy and Environment Awards. PCA Energy and Environment Awards are given to companies that have implemented outstanding environmental practices and have forged exemplary relationships with communities where their cement plants are located, says the PCA. Submissions from plants across the US were evaluated and recognised for environmental effort... |
Lehigh Hanson Cupertino facility to permanently shut18 August 2023, Published under Cement NewsLehigh Hanson will not be able to restart cement production at its plant and quarry near Cupertino after a legal ruling by Santa Clara County. Earlier this week, the Santa Clara County Board of Supervisors unanimously agreed that the kiln, which has been closed since April 2020, would not reopen, reports The Mercury News. Local residents and environmental groups have been campaigning for the closure of the plant for years over concerns regarding pollution. Lehigh Hanson announced in 2021 ... |
CRH attracts new investors prior to US move17 August 2023, Published under Cement NewsCRH is attracting new investment prior to its move to the New York Stock Exchange in September this year. According to the Irish Independent, at least 26 hedge funds have announced new or expanded American depository receipts (ADRs) in CRH. In total, hedge funds bought a net 7.53m ADRs in CRH in the three months up to 30 June 2023, reports Bloomberg. Among the investors are Soros Fund Management, owned by billionaire George Soros, which now holds ADRs worth around US$20m, and Seth Klarma... |
Edmonton plant start CCUS system16 August 2023, Published under Cement NewsHeidelberg Materials' Edmonton cement plant is one key step closer to pouring the foundations of a full-scale carbon capture utilisation and storage (CCUS) system that could help make its operations carbon neutral. Five years in the making, a pilot system will pull 300kg per day of carbon from the plant’s production facility. The new CCUS equipment started up on Tuesday and uses technology from Mitsubishi Heavy Industries. Project Director, Corwyn Bruce, told reporters that the compa... |
Monarch Cement posts increased net sales in 1H2315 August 2023, Published under Cement NewsUS-based The Monarch Cement Co has reported condensed consolidated net sales of US$121.94m in the first half of 2023, up from US$95.85m in the same period a year earlier. Gross profit over the same timeframe improved from US$28.21m to US$39.54m, while income from operations advanced from US$17.37m to US$28.31m. Monarch Cement is a US-based producer of Portland cement, primarily serving Kansas, Iowa, southern Nebraska, western Missouri, northwest Arkansas and northern Oklahoma. In the th... |