Cement News tagged under: USA
Cement import into USA draws US$506,250 OFAC penalty25 February 2019, Published under Cement NewsThe US Treasury Department’s Office of Foreign Assets Control (OFAC) has reached a US$506,250 settlement with ZAG International, based in Newtown (CT), for illegally sourcing clinker from Iran. Between 11 July 2014-15 January 2015, ZAG International purchased 263,563t of Iranian-origin clinker via a supplier in the UAE, which was then resold by the company to a customer in Tanzania. ZAG’s actions violated the Iranian Transactions and Sanctions Regulations. OFAC said ZAG’s managing direct... |
Martin Marietta Materials achieves record volumes and profits13 February 2019, Published under Cement NewsUS-based Martin Marietta Materials saw turnover advance by seven per cent in 2018 to US$4244.3m. EBITDA was 8.6 per cent ahead at US$1103.8m, but the final quarter showed a 5.9 per cent decline. The trading profit eased by 1.4 per cent to US$690.7m, while interest charge increased by 49.8 per cent 137.1m, giving a pretax profit 6.9 per cent lower at US$576.1m. A tax charge compared with a credit in the previous year gave a net attributable profit 34.1 per cent lower at US$470m. The compan... |
LafargeHolcim appoints new CEO of US Aggregates and Construction Materials business11 February 2019, Published under Cement NewsLafargeHolcim has announced the appointment of Jay Moreau as the new CEO of its US Aggregates and Construction Materials business. Mr Moreau joins the company from Martin Marietta, where he most recently served as senior vice president of Operations Services. "Jay has a proven track record in this industry, and his expertise and strong focus on commercial growth and operational excellence will be valued contributions to LafargeHolcim in the US," said René Thibault, group executive committe... |
Boral releases revised FY19 guidance06 February 2019, Published under Cement NewsBoral Ltd announced that it expects net profits after tax for 1HFY19 to be around AUD200m (US$142.6m) and EBITDA to be approximately AUD483m. Excluding the impact of lower earnings due to the sale of Denver Construction Materials (in July 2018) and Texas Block (in November 2018), EBITDA for the 1HFY19 is expected to be broadly steady. EBITDA growth from Boral North America is likely to be offset by lower earnings in Australia and a lower contribution from USG Boral. Boral's FY19 EBITDA is ... |
LafargeHolcim makes two ready-mix acquisitions05 February 2019, Published under Cement NewsLafargeHolcim has announced the acquisition of US-based Transit Mix Concrete Co on 1 February 2019. As part of the transaction, the company will take ownership of seven ready-mix concrete plants and a sand quarry. Furthermore, in January 2019, LafargeHolcim acquired the precast and ready-mix businesses of Alfons Greten Betonwerk in northern Germany. As a result, the company added one precast and one ready-mix plant in Lower Saxony to its operations. "In line with our Strategy 2022 – 'Build... |
Cemex04 February 2019, Published under Cement NewsCemex is to expand its terminal on Tampa Bay in Florida, USA, to handle cement, fly ash and limestone. In addition, it plans to build a ready-mixed concrete plant on the site. |
US cement market expands 5% in October01 February 2019, Published under Cement NewsTotal Portland and blended cement deliveries in the USA and Puerto Rico advanced by 5.2 per cent YoY to 9.9Mt in October 2018, according to data by the US Geological Survey (USGS). Texas, California, Florida, Ohio and Illinois were the leading states in terms of consumption, receiving a combined 36 per cent of these shipments. The country’s leading producing states were California, Missouri, Texas, Florida and Michigan, which accounted for around 39 per cent of total output. Clinker outpu... |
Eagle Materials posts a 7% fall in revenue for 3QFY1930 January 2019, Published under Cement NewsUS-based Eagle Materials has reported a seven per cent YoY fall in revenue to US$333.3m in the third quarter of FY19, ended 31 December. Net earnings fell 43 per cent to US$57.7m from US$101.4m of the 3QFY18. The company's prior-year financial results included two non-recurring items affecting comparability, including a tax benefit of around US$61m and a litigation settlement charge of US$39m, according to the company. However, in the nine months to December, revenue was up 0.6 per cent Y... |
Argos USA Corp supplies concrete for Super Bowl stadium29 January 2019, Published under Cement NewsArgos USA Corp has been a key supplier in the construction of the 83,000-seat Mercedes-Benz Stadium, Atlanta, the venue for the Super Bowl 2019 between the New England Patriots and Los Angeles Rams on 3 February. Argos was chosen to deliver more than 200,000yd 3 of concrete (ready-mix) that were needed for the building. The project required more than 25,000 trips of mixer trucks. To accomplish with the technical and strength specifications of the 19 mega columns that support the stadium, d... |
Charah Solutions opens factory for fly ash and SCMs18 January 2019, Published under Cement NewsCharah ® Solutions, a leading provider of environmental and maintenance services to the power generation industry, has opened its first facility using new patented technologies for grinding granulated blastfurnace slag (GGBS) to create supplementary cementitious materials (SCMs). Charah Solutions aims to serve customers in markets where the supply of fly ash or other SCMs is limited. The new plant is located at the Port of Coeymans,10 miles south of Albany, 100 miles north of New York, on ... |