Cement News tagged under: USA
Cemex confident on medium-term goals14 February 2014, Published under Cement NewsCemex remains confident that it is on track to meet its medium-term EBITDA goal as it continues to capture the full potential from its existing portfolio to improve profitability and return to investment-grade status, the company said during its annual investor gathering. Speaking on the company’s strategy and outlook during Cemex Day 2014 held yesterday, Juan Pablo San Agustin, executive VP of strategic planning and new business development, reiterated the company's intention of achieving... |
PCA names Anderson VP of public affairs, USA12 February 2014, Published under Cement NewsThe PCA has named Mark J Anderson group vice president of public affairs, effective 17 February 2014. He will be the key PCA government affairs representative, responsible for the overall direction and execution of legislative and regulatory initiatives in support of the association’s advocacy and promotion. “Mark will take the lead in shepherding the association’s legislative and regulatory efforts and in developing key policies and strategies,” Gregory M Scott, PCA president and CEO sai... |
Buzzi sees advances in Russia and US10 February 2014, Published under Cement NewsItalian cement major Buzzi Unicem saw turnover decline by 2.1 per cent last year to EUR2754m as the company saw another fall in its domestic market of Italy, but Russia and the US were its best performers. Net debt at the end of December was 5.3 per cent below the level seen a year earlier at EUR1066m. Group cement deliveries in 2013 increased by 0.3 per cent to 27.4Mt, but ready-mixed concrete deliveries declined by 5.1 per cent to 12.9Mm³. The underlying EBITDA, which will be announced ... |
Italcementi: only Asia shows sales growth in 201307 February 2014, Published under Cement NewsItalcementi's turnover declined by 5.4 per cent in 2013 to EUR4235.4m, or by 2.2 per cent on a comparable basis. Group cement shipments declined by a further six per cent to 43.1Mt and the turnover from cement and clinker was down by 6.4 per cent to EUR2716.8m, with cement volumes lower everywhere other than in Asia and in North America. The concrete and aggregates turnover eased by 2.5 per cent to EUR1248.7m as shipments of aggregates declined by 4.2 per cent to 32.5Mt and ready-mixed co... |
Cemex falls back in Mexico but advances in the USA07 February 2014, Published under Cement NewsCemex' turnover improved by 1.6 per cent in 2013 to US$15,226.5m and EBITDA emerged 0.7 per cent ahead at US$2643m, while the trading profit advanced by 17.4 per cent to US$1517.8m. The net interest charge rose yet again and was up by 11.1 per cent to US$1551.5m while the pre-tax loss was reduced by 34.3 per cent to US$264.6m, and the net attributable came down by 7.6 per cent to US$843.1m. Net debt, including perpetual notes, increased by four per cent during the year to US$16,306m. Shareh... |
US Jan-November cement shipments up 4% YoY07 February 2014, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico in November 2013 were 6.56Mt, down slightly from the same month of the year before. The latest data from the US Geological Survey shows shipments for the year through November were 76.9Mt, up by about four per cent YoY. The leading Portland cement producing states in November were Texas, California, Missouri, Florida and Pennsylvania in descending order, receiving about 37 per cent of the November total ship... |
Martin Marietta to take over Texas Industries29 January 2014, Published under Cement NewsMartin Marietta Materials, currently the fourth-largest US aggregates producer, is making an agreed, all-share offer for Texas Industries. If concluded, it will leave existing Martin Marietta Materials shareholders with around 69 per cent of the combined equity, with the remaining 31 per cent going to the existing owners of Texas Industries. Martin Marietta will thereby enter the cement industry and the merged entity will control some 400 quarries, pits and distribution points across 36 ... |
National Cement Co elects James E Rotch chairman of the Board, USA28 January 2014, Published under Cement NewsThe Board of Directors of National Cement Company, Inc, a subsidiary of the Vicat Group, has elected James E Rotch of Birmingham, Ala, as chairman of the Board of National Cement Company, Inc. Mr Rotch will continue in the practice of corporate law with the firm of Bradley Arant Boult Cummings LLP, a regional law firm with offices throughout the Southeast, including Birmingham, Alabama, in addition to his duties as Chairman of the Board. National Cement's operations include cement produc... |
Fitch Ratings raises GCC outlook27 January 2014, Published under Cement NewsFitch Ratings has revised its outlook for Grupo Cementos de Chihuahua (GCC) from 'Stable' to 'Positive.' The upward revision reflects Fitch's view that GCC's operations could gain momentum resulting from US construction spending expanding in 2014 driven by continued strength in residential construction, and to a lesser extent in modest recovery in commercial and public construction spending. The outlook also incorporates an expectation of higher public spending in Mexico in 2014. In Fitch... |
Vulcan sells cement assets to Cementos Argos24 January 2014, Published under Cement NewsVulcan Materials has agreed the sale of all of its cement activities, as well as certain downstream assets, to Cementos Argos for US$720m in cash. The deal, which is still subject to formal approval, is expected to be completed later during the first quarter. Vulcan will continue to supply aggregates to the assets being sold for a period of 20 years. The assets being deposed of consist of the Newberry, Florida, cement works and cement terminals and griding works at Tampa and at Port Manat... |