Cement News tagged under: USA
Russia and USA prove Dyckerhoff's only first-half bright spot01 August 2013, Published under Cement NewsGerman cement major and Buzzi Unicem subsidiary Dyckerhoff AG reported a decline in first-half sales volumes across all its market except Russia and the USA. Consolidated sales fell by six per cent. Group EBITDA was down by EUR3m which includes a one-time effect of EUR4m. In the previous year, one-time effects amounted to EUR5m. Pretax results were EUR10m, some EUR12m lower than the same period of last year. Net income after tax was EUR7m. For fiscal year 2013, Dyckerhoff expects group... |
Fitch upgrades Cemex to B+01 August 2013, Published under Cement NewsFitch upgraded its foreign and local issuer default rating of Cemex to B+ from B, the ratings agency said in a report. The upgrade is based on Cemex's improved capital structure and "the gradual improvement in the US cement market and an improving outlook for the growth in the company's EBITDA and cash flow," Fitch said. Fitch's action also takes into account the "improved confidence of the capital markets," as a result of Cemex's debt refinancing and the IPO of its Latin America subsid... |
Cemex plants earn US Energy Star Certification29 July 2013, Published under Cement NewsCemex USA announced that five of its cement plants have earned the US Environmental Protection Agency (EPA) Energy Star Certification. The recognition of CEMEX USA’s plants in Brooksville (FL), Miami (FL), Clinchfield (GA), Fairborn (OH) and Victorville (CA), ranks these facilities as performing among the top 25 per cent of similar US facilities for energy conservation. 2013 marks the seventh consecutive year of certification for the Clinchfield plant, an achievement realised by only one ... |
Cemex expects best volume growth from USA26 July 2013, Published under Cement NewsCemex reported a slight decline in turnover for the first half of 2013, with EBITDA also down marginally but the trading profit improved by double digits. While volumes were down in the first six months, the group sees full year sales edging ahead with the USA expected to show the best advance. Cemex' first half turnover eased by 0.7 per cent to US$7322.1m and EBITDA came off by 1.7 per cent to US$1251.2m, but the trading profit improved 13.8 per cent to US$690.2m. Net interest payment... |
Cementos Portland Valderrivas reduces 1H losses, Spain26 July 2013, Published under Cement NewsSpain-based Cementos Portland Valderrivas (CPV) reduced losses by 98.9 per cent in 1H13, to EUR0.6m, compared with losses of EUR48.6m in the first half of the year before. CPV's asset swap with CRH earlier this year also provided capital gains of EUR104.8m. According to José Luis Sáenz de Miera, Chairman and CEO of Cementos Portland Valderrivas, results for the first half reflect "efforts last year to reduce costs in Spain, where demand continues to shrink, and to improve efficiency in ope... |
Argos sees higher volumes in 1H1323 July 2013, Published under Cement NewsCementos Argos has reported a rise in cement volumes for the six months to the end of June 2013 and expects activity in its domestic market of Colombia to accelerate after a slow start in the first three months. In the 1H13, Argos reported consolidated EBITDA of COP476bn (US$253m), representing an increase of 25 per cent compared to the same period in 2012, while revenues rose nine per cent YoY. During the period cement dispatches increased by one per cent to 5.5Mt while concrete volumes ... |
Ash Grove appoints Midwest VP of Manufacturing, USA19 July 2013, Published under Cement NewsAsh Grove Cement Company announced that Stuart E. Tomlinson is joining the company as its vice president of Manufacturing for the Midwest region and will be based in the company’s head office in Overland Park, Kansas, USA. Mr Tomlinson will join Ash Grove on 15 August. The current vice president of manufacturing – Midwest region, Edwin Pierce, retires effective 31 December. “Stu is a cement industry veteran, and he possesses more than three decades of experience. He is an industry leader a... |
US April shipments decline marginally15 July 2013, Published under Cement NewsTotal shipments of Portland and blended cement in the USA and Puerto Rico in April 2013 were about 6.7Mt, slightly down from the same month of the previous year, latest data from the US Geological Survey shows. Shipments for the year through to April were 22Mt, essentially unchanged on an annual comparative basis. The leading Portland cement-producing states in April (in descending order) were Texas, California, Missouri, Florida and Pennsylvania and these shipped about 46 per cent of the t... |
Texas Industries fourth-quarter net profit declines, sales rise11 July 2013, Published under Cement NewsTexas Industries Inc reported that its fourth-quarter net income declined to US$44.14m as the prior-year results included a higher gain from asset sales. However, the company benefitted from continuing recovery in major markets and from the commissioning of new cement capacity and ready-mix acquisitions in Texas. Net income declined to US$44.14m from US$60.21m in the same quarter last year. The latest results included income net of tax from discontinued operations of US$28.5m. The comp... |
CRH: acquisition and investment update, Ireland02 July 2013, Published under Cement NewsIrish building materials major CRH plc announced it has undertaken 17 acquisition and investment initiatives during the first half of 2013. These transactions, together with the acquisition of Cementos Lemona in Spain (acquired as part of the Uniland asset swap announced in February) and net deferred consideration payments, bring development spend for the first half of 2013 to approximately €470m. Proceeds to date from divestments and disposals, including the Uniland swap, amount to approxim... |