Cement News tagged under: USA
GCC sees higher volumes and bettter pricing19 August 2015, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) reported a 19 per cent rise YoY in second-quarter net sales to MXP3051m (US$186m) on the back of higher volumes and a better pricing environment both in its Mexican and US markets. In the US, sales rose by 19.6 per cent in the quarter, totalling MXP2190.3m. This reflected the two per cent rise in cement sales driven by deliveries in Minnesota, Texas, Iowa and South Dakota. Ready-mix volumes remained at the previous year’s level as adverse weather conditio... |
USA: Lehigh Cement silos make way for new riverfront14 August 2015, Published under Cement NewsA group of Lehigh Cement silos on Richmond’s riverfront in Virginia were demolished on Wednesday afternoon. The silos on Wharf Street were being removed to make way for a paved pedestrian and bicycle trail to connect the Commonwealth’s past and present capitals of Jamestown and Richmond over 52 miles. The cement silo demolition is a key milestone in the implementation of the city’s riverfront plan. The demolition is expected to be complete by the end of the month and will cost about US$740,... |
Schon named PCA Vice President and Counsel, Government Affairs11 August 2015, Published under Cement NewsPortland Cement Association (PCA) named Michael Schon as vice president and counsel for government affairs. With PCA, he will have lead responsibility for shepherding the association's regulatory advocacy efforts and for promoting the cement industry in general. Schon comes to PCA from Baker Botts LLP, where he served as senior associate in the environmental practice group. In that capacity, he represented energy and manufacturing clients in environmental litigation and provided regulatory ... |
CalPortland Co to buy Martin Marietta's California cement business06 August 2015, Published under Cement NewsTaiheiyo Cement Corp announced Tuesday that its California subsidiary CalPortland Co (CPC) will buy Martin Marietta Materials Inc's cement business in California for US$420m. Major assets included in the deal are the Oro Grande cement plant (situated near the major market of Los Angeles) and the Stockton and San Diego cement terminals. "This asset purchase from Martin Marietta will allow CPC to replace the cement production capacity lost by the discontinuation of cement production ... |
Martin Marietta sees higher building volumes05 August 2015, Published under Cement NewsMartin Marietta Materials, one of the top five US aggregates producers, has announced a first-half turnover 46.9 per cent ahead at US$1612.7m, thanks to the initial consolidation of TXI, formerly Texas Industries, and the EBITDA rose by 71.6 per cent to US$303.2m. The trading profit jumped by 102.5 per cent to US$162.5m and after a net interest charge that was 53 per cent higher at US$38.4m and other items, the pre-tax profit emerged at US$126.3m compared with US$52m and the net attribut... |
PCA: "Clean Power Plan" will impact all segments of US economy05 August 2015, Published under Cement NewsYesterday, President Obama authorised new US Environmental Protection Agency (EPA) regulations on emissions of CO2 from power plants. "These unprecedented regulations will have enormous impact," said James Toscas, president and CEO of the Portland Cement Association (PCA). "Everybody, including EPA, agrees that they will boost the cost of electricity, which in turn will increase the cost of making and using nearly everything. Higher costs hurt every American's pocketbook, and mean fewer... |
Vulcan’s profit falls following exceptional gains in previous year05 August 2015, Published under Cement NewsVulcan Materials' first-half turnover rose by 11.8 per cent to US$1526.4m, but EBITDA declined by 31.8 per cent to US$300.2m. The trading profit fell by 44.8 per cent to US$164.59m after the exceptional gain on the disposal of the cement business in the previous year. After a net interest charge nine per cent lower at US$146.1m, the pretax profit dropped by 86.6 per cent to US$18.9m. The net attributable earnings line went from US$100m to US$8.5m. Net debt was increased by 10.8 per cen... |
US May shipments down 4.5% YoY04 August 2015, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico in May 2015 fell by 4.5 per cent YoY to 7.8Mt, data from the US Geological Survey released yesterday shows. Shipments for the year through May totalled 31.9Mt, up by 2.6 per cent for the same period in 2014. The leading producing states for Portland and blended cement in May were California, Missouri, Texas, Florida and Alabama, in descending order. The leading consuming states (Texas, California, Florida, Ohio and Ill... |
Wet weather dampens Eagle Materials' 1Q04 August 2015, Published under Cement NewsEagle Materials' turnover, including its share of the Texas Lehigh cement joint venture, increased by 4.4 per cent to US$312m for the first quarter of fiscal 2016 ended 30 June 2015. The trading profit improved by 0.9 per cent to US$60.4m and after an interest charge 10.7 per cent higher at US$4.49m, the pre-tax profit was ahead by just 0.2 per cent to US$55.9m and the net attributable profit advanced by a marginal 0.1 per cent to US$37.8m. Net debt at the end of June stood at US$585.1m, ... |
US Senate passes DRIVE Act04 August 2015, Published under Cement NewsBy a bipartisan vote of 91 to 4, the US Senate on Thursday passed a six-year surface transportation authorisation. Passage of the “Developing a Reliable and Innovative Vision for the Economy Act” or the DRIVE Act represents "a major step toward completion of a robust highway bill this fall," the Portland Cement Association (PCA), highlights. Co-sponsored by Senators James Inhofe (R-OK), Barbara Boxer (D-CA), David Vitter (R-LA), and Tom Carper (D-LA), the PCA noted in a statement that the... |