Cement News tagged under: North America
Cemex set to reach its 2021 EBITDA guidance of US$3.1bn02 August 2021, Published under Cement NewsAfter Cemex reported strong 2Q21 results and reiterating US$3.1bn EBITDA guidance for 2021, market analysts UBS state that it has confidence that the company will reach its 2021 EBITDA guidance of US$3.1bn. This was the company's strongest financial performance in the last decade. In Mexico Cemex recorded positive results in the 2Q21 mainly on the back of strong volumes and prices. Net sales in Mexico increased 65 per cent YoY and EBITDA expanded 82 per cent YoY, driven by bagged cement... |
Eagle Materials reports cement revenues up 3% in 1QFY2230 July 2021, Published under Cement NewsEagle Materials Inc's financial results for the first quarter of FY22, ended 30 June 2021 saw revenue in the Heavy Materials sector, which includes cement, concrete and aggregates, joint venture and intersegment cement revenue, reach US$315m, a three per cent YoY improvement. Heavy Materials operating earnings also increased three per cent to US$67.9m primarily because of improved cement sales prices. Cement revenue, including Joint Venture and intersegment revenue, was up three per cen... |
US Portland and blended cement market expands 6% in May29 July 2021, Published under Cement NewsTotal shipments of Portland and blended cement in the USA and Puerto Rico advanced 5.6 per cent to 9.2Mt in May 2021 when compared with May 2020, according to the US Geological Survey (USGS). Cement consumption was the highest in Texas, California, Florida, Ohio and Georgia – combined these five leading states consumed 37 per cent of May shipments. In terms of leading Portland and blended cement-producing states, Missouri, California, Texas, Florida and Michigan accounted for 39 per cent of ... |
GCC reports 44% increase in 2Q net income28 July 2021, Published under Cement NewsGCC saw its consolidated net sales increased 18.1 per cent YoY to US$286.7m in the 2Q21 from US$242.8m in the 2Q20. EBITDA advanced 18.6 per cent YoY to US$97m in the 2Q21 from US$81.8m in the 2Q20. As a result, the EBITDA margin edged up from 33.7 per cent to 33.8 per cent over the same period. Net income increased 43.8 per cent to US$47.7m in the 2Q21 from US$33.2m in the year-ago period. In Mexico cement and ready-mix volumes increased 17.1 and 41.4 per cent, respectively. In the USA c... |
GCC reports strong 2Q21 results and prepares for expansion28 July 2021, Published under Cement NewsGCC reported a net sales increase of 18 per cent in the 2Q21 and a rise in EBITDA of 19 per cent. The company’s net financial expenses totalled US$10m during this accounting period. GCC reported cement volumes rising by 11 per cent in the 2Q21 compared to eight per cent in 2020. Concrete sales fell by 17 per cent compared to a six per cent rise in the 2Q20. Commenting on guidance for the remainder of 2021, Enrique Escalante, GCC’s CEO said: “ Starting in Mexico, we now expect GCC’s cem... |
US Portland and blended cement demand up 19% in April19 July 2021, Published under Cement NewsPortland and blended cement shipments, including imports, in the USA and Puerto Rico, saw a 19 per cent YoY increase to 9.7Mt in April 2021, according to the US Geological Survey (USGS). The leading cement-consuming states were Texas, California, Florida, Georgia and Ohio, who accounted for a combined share of 40 per cent of total shipments. The leading producing states were Missouri, Texas, California, Florida and Alabama. Masonry cement deliveries were up 13 per cent YoY to 220,000t. The... |
Virtual IEEE-IAS/PCA event13 July 2021, Published under Cement NewsThe 63rd IEEE-IAS/PCA Cement Industry Technical Conference was held on 24-28 May 2021 as a virtual event, consisting of training workshops, technical conference, international exhibition and three plant tours. ICR, a media sponsor for the event, took part in the virtual conference and followed the presentations remotely to deliver this report. CIC Chair, Chris Macey, opens the virtual IEEE-IAS/PCA event, held on 24-28 May 2021 Chris Macey, CIC chair, opened the main conference s... |
China and Canada collaborate for carbon capture12 July 2021, Published under Cement NewsA new collaboration between China Building Materials Academy (CBMA) and Canada's International CCS Knowledge Centre (Knowledge Centre) will see simultaneous advancements in understanding and knowledge sharing of carbon capture technology for the global cement industry, according to a press release. The first initiative under the agreement will aid CBMA in applying the Knowledge Centre's model and Front-End Engineering Design (FEED) of a test platform, which has a capture capacity of appro... |
Newberry plant sets two new records12 July 2021, Published under Cement NewsArgos has announced that in June 2021 its Newberry plant in Florida, USA, smashed two previous records. It produced 140,421t, beating the previous record set in June 2019 (127,800t) by nearly 20,000t. Because of this increase in production, the plant was also able to ship 128,728t of product to customers and its ready-mix plants, beating the previous record of 120,900t, set in 2019, by more than 7000t. "Everyone at the Newberry plant is excited and proud to see these records being set. W... |
Bruks Siwertell completes US ship unloader order08 July 2021, Published under Cement NewsBruks Siwertell has completed the commissioning of a new Siwertell ST 640-M screw-type ship unloader in Houston, Texas, USA. The undisclosed owners have switched from bagged to bulk deliveries of cement and building materials, and supporting this transition is a totally enclosed high-capacity ship unloader. "The operator was looking to expand its US operations," explains Per Wahlström, contract manager, Bruks Siwertell. "For some time, it has imported bagged deliveries of cement,... |