Cement News tagged under: USA
CRH to create new global Building Products division31 May 2018, Published under Cement NewsCRH plc will establish a new global Building Products division from 1 January 2019, bringing together its Europe Lightside, Europe Distribution and Americas Products divisions. Under the leadership of Keith Haas (currently President, Americas Products), this new platform will operate alongside our Americas Materials and Europe Materials divisions, leveraging CRH's scale and network opportunities across the company's global products businesses, CRH stated. David Dillon (currently President... |
Cementos Argos sees falling volumes18 May 2018, Published under Cement NewsCementos Argos released its 1Q18 results this week , announcing revenues of COP1.9trn (US$670m), but cement sales fell by 4.1 per cent to 3.7Mt and ready-mix volumes by 7.5 per cent to 2.4Mm 3 . ICR reviews the state of Cementos Argos' regional markets and guidance going forward. The outlook for the cement and ready-mix market for the rest of the year remains positive, mainly boosted by the residential segment, which is expected to continue gaining momentum, supported by the solid fundam... |
Eagle Materials records positive FY1817 May 2018, Published under Cement NewsEagle Materials has reported its FY18 and 4QFY18 results, which reflect an all-round positive performance. In the 2018 fiscal year, revenue increased 14 per cent YoY to US$1.4bn and its after-tax margin finished at 19 per cent. The company saw a two per cent rise in revenue for the final quarter of FY18, resulting in a record amount of US$284.7m. This comes despite a US$6m pretax charge related to the settlement by American Gypsum of the antitrust lawsuit brought by a group of homebuilde... |
US and Puerto Rican cement markets contract in February16 May 2018, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto rico in February contracted by 3.6 per cent YoY to 5.8Mt, according to the US Geological Survey (USGS). The leading cement-consuming states – Texas, California, Florida, Georgia and Arizona – received about 50 per cent of total shipments. The leading producing states were California, Texas, Florida, Missouri and Alabama (in descending order). Masonry cement shipments declined by 6.5 per cent YoY to 169,000t in Februar... |
LafargeHolcim appoints new CEO of US Cement15 May 2018, Published under Cement NewsLafargeHolcim has appointed Jamie Gentoso as the new CEO of its US Cement operations. Ms. Gentoso has previously worked as the senior vice president of concrete at Sika Corp US, and succeeds John Stull, who was recently announced as the CEO of Holcim Philippines. “Jamie has a proven track record in this industry, and her deep-seeded expertise and strong focus on the customer will be valued contributions to LafargeHolcim in the US,” said René Thibault, LafargeHolcim group executive committe... |
Argos consolidated EBITDA jumps 31% in 1Q1814 May 2018, Published under Cement NewsArgos has announced revenues of COP1.9trn (US$670m) and a net profit of COP54.bn in the first three months of 2018. EBITDA increased 31 per cent YoY to COP371bn. However, cement sales fell by 4.1 per cent to 3.7Mt while concrete sales volumes fell 7.5 per cent to 2.4Mm 3 . The lower volumes have been attributed mainly to the winter season that affects some US states to a greater extent as well as a large number of holidays in Colombia and the Caribbean. Demand from the housing segment was ... |
Imbalances yet to surface in Trump’s US economy09 May 2018, Published under Cement NewsICR took a moment to talk to Ed Sullivan, Portland Cement Association’s vice president and chief economist of Market Intelligence, to understand more about how the US economy is faring and what factors might yet cause a brake on cement demand going forward. Figure 1: impact of different outcomes of the tariff issue on the economy and cement sector ICR: What is the current PCA forecast for economic growth in the USA in 2018-19? Ed Sullivan (ES) : Good, very good. We are well in... |
Martin Marietta reports a weak Q1 on lower volumes09 May 2018, Published under Cement NewsMartin Marietta Materials, which last month completed its acquisition of Bluegrass, then the largest privately-held US aggregates company, has announced a first-quarter turnover five per cent below the comparable period last year at US$802m, while EBITDA showed a 16.5 per cent reduction to US$123.3m. The trading profit declined from US$77.2m to US$39.1m, a 49.4 per cent fall. After a net interest charge that was 67.9 per cent higher at US$35.1m and after other items, the pretax profit emerge... |
Cemex reports increase in net sales in 1Q1827 April 2018, Published under Cement NewsCemex has announced a 92.3 per cent YoY fall in profit for the 1Q18, decreasing from US$336m to US$26m. The sharp decline has been attributed to higher operating expenses and foreign exchange loss. Operating EBITDA declined four per cent to US$535m, while the EBITDA margin was down 1.9 per cent YoY at 18.8 per cent. However, the company has recorded an eight per cent increase in overall net sales to US$3.38bn from US$3.14bn. Consolidated cement volumes increased by one per cent to 1... |
GCC quintuples consolidated net income in 1Q1825 April 2018, Published under Cement NewsGrupo Cementos Chihuahua (GCC) reported a 13.6 per cent YoY rise in net sales to US$188.7m in 1Q18. The Mexico-based cement producer saw its EBITDA rise by 40.6 per cent to US$45.9m during the first quarter and improved its EBITDA margin from 19.6 per cent in 1Q17 to 24.3 per cent in 1Q18. Consolidated net income more than quintupled YoY to US$11.3m from US$1.7m in 1Q17. An 18 per cent rise in Mexican sales and an 11.9 per cent increase in US sales were key drivers to the improved results. ... |