Cement News tagged under: USA

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Cemex and Buzzi Unicem complete Kosmos Cement sale to Eagle Materials Inc

09 March 2020, Published under Cement News

Cemex has divested its 75 per cent share in its partnership with Buzzi Unicem of Kosmos Cement in Louisville, Kentucky, USA, to Eagle Materials Inc. The divestment is for an aggregate amount of US$665m, of which Cemex will receive approximately US$499m. Meanwhile, Buzzi Unicem has sold its 25 per cent share in Kosmos Cement to Eagle Materials Inc. The deal includes the divestment of the Louisville cement plant and seven terminals and raw material reserves.

Masaveu doubles US exports in 2019

27 February 2020, Published under Cement News

Masaveu has doubled its export shipments to the USA from its Tudela Veguín plant in Spain in 2019. The US is now the third-largest market for the cement producer, representing an export volume of 118,673t in 2019, compared to 50,061t in the previous year. The exports to the US account for 18.3 per cent of the company’s total exports. To improve its export operations the company inaugurated a new terminal in Muelle Norte, to expand its El Musel facility, at the end of 2019. It is the third ...

GCC reports record 4Q19 US net sales

21 February 2020, Published under Cement News

Grupo de Cemento de Chihuahua (GCC), the Mexican cement producer that serves cement and concrete markets in USA, Mexico and Canada had 4Q19 consolidated net sales increased 11 per cent to US$228.6m, while EBITDA increased by 49.6 per cent to US$86.4m in 4Q19. GCC's consolidated net sales in 2019 increased by 5.8 per cent to US$934.1m. EBITDA increased 13.9 per cent to US$ 292m. During 2019 GCC opened a new cement terminal opened in Fort Stockton, Texas, USA. Two long-term agreements were ...

Eagle Materials announces new chairman and CEO for independent companies

13 February 2020, Published under Cement News

The Eagle Materials Inc Board of Directors approved a plan in 2019 to separate its Heavy and Light Materials businesses into independent, publicly-traded companies by means of a tax-free spin-off to Eagle shareholders. Significant progress has been made on this plan since the announcement, and the Company continues to target the summer of 2020 for the completion of the separation. The Board of Directors announced the selection of the Chairman and CEO for each of the two companies, which w...

US cement sales show modest gain in 2019

11 February 2020, Published under Cement News

Cement sales edged up to US$12.5bn in 2019, according to the US Geological Survey (USGS). Of this total 70-75 per cent of sales were to ready-mixed concrete producers, 10 per cent to concrete product manufacturers, 8-10 per cent to contractors and 5-12 to other customers. Around 100Mt were shipped to final customers, including around 1Mt of exports. In 2018 shipments reached 98.48Mt. The average cement increased from US$121/t in 2018 to US$123.50/t in 2019. The USGS reported that construc...

PCA: US cement consumption to sustain growth into 2022

06 February 2020, Published under Cement News

The Portland Cement Association (PCA) has held a press conference at the 2020 World of Concrete in Las Vegas, Nevada, where PCA Senior Vice President and Chief Economist, Ed Sullivan, predicted cement consumption to stay at moderate growth levels through 2020-21 and into 2022. PCA Market Intelligence expects cement consumption will grow by 1.7 per cent in 2020. The potential for stronger-than-expected construction in residential construction could add one full percentage point to this out...

Eagle Materials reports a 5% revenue increase

05 February 2020, Published under Cement News

US-based Eagle Materials has reported a five per cent YoY increase in revenue to US$350.2m for the quarter ending 31 December 2019. However, the company posted a net loss of US$114.6m, compared to a profit of US$57.7m in the year-ago period. Adjusted EBITDA advanced six per cent to US$118.7m in the 3QFY19-20. "We are pleased that during the third quarter of fiscal 2020 we capitalised on robust underlying demand across our geographic footprint to achieve a five per cent revenue improvement....

LafargeHolcim US appoints Mountain Region manager

05 February 2020, Published under Cement News

LafargeHolcim has appointed Woodrow "Chance" Allen general manager for the Mountain Region for the US Aggregates and Construction Materials (ACM) organisation. Mr Allen has extensive experience in lean manufacturing and managing large-scale businesses. "Chance brings a valuable perspective of the US aggregates and construction materials industry," said Jay M Moreau, CEO, US ACM. "His experience in production and in developing and executing strategic growth initiatives will support LafargeHo...

National Cement Co of Alabama breaks ground

03 February 2020, Published under Cement News

National Cement Co of Alabama (Vicat group), has broken ground on its US$250m expansion of the plant in the Saint Clair County town of Ragland, USA. The expansion project is built adjacent to the company's existing plant on Highway 144. The expansion, expected to be completed by 2022, and the biggest economic project in a seven-county region of central Alabama. It is by far the town's biggest employer and a huge part of the economy, according to the town's mayor. "This investment is going...

US Portland and blended cement shipments edge up in 11M19

31 January 2020, Published under Cement News

Portland and blended cement Total shipments of Portland and blended cement, including imports, in the USA and Puerto Rico increased 3.2 per cent YoY to 10.1Mt in October 2019, according to the US Geological Survey (USGS). In November 2019 they rose slightly YoY to 7.9Mt when compared with November 2018. The leading cement-consuming states in October were Texas, California, Florida, Ohio and Illinois, which accounted for 38 per cent of the total. In November the leading cement-consuming St...