Cement News tagged under: USA
Titan Group announces 9M17 net profits of EU33.1m02 November 2017, Published under Cement NewsTitan Group recorded a small increase in sales and operating profitability in the nine months of 2017, mostly thanks to the growth in the US market. Consolidated turnover reached EUR1144.5m, posting a 1.8 per cent increase compared to the same period in 2016. EBITDA increased by 4.6 per cent to EUR214.5m. Net profit, after minority interests and the provision for taxes, stood at EUR33.1m versus EUR121.9m in the nine months of 2016. Third quarter results in 2017 reflected two exceptional e... |
August cement shipments in the US up 3%02 November 2017, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico in August 2017 reached 9.7Mt, an increase of 3.1 per cent when compared with August 2016, according to the latest data from the US Geological Survey (USGS). The leading cement-consuming states – Texas, California, Florida, Ohio and Illinois (in descending order) – accounted for a 37 per cent of August 2017 shipments. The leading producing states during this period were Missouri, Texas, California, Florida and Michigan... |
CoolCure set to take the heat out of hydration01 November 2017, Published under Cement NewsNew Technology Solutions LLC, a subsidiary of Silicone Solutions (Cuyahoga Falls, OH, USA), has developed a patent-pending (PCT US15/11849) CoolCure technology to significantly reduce or eliminate the heat of hydration. CoolCure works by minimising byproducts (calcium hydration) and creating more efficient reaction in the cement curing process to generate more strength, "from 40-100 per cent improved strength," claims New Technology Solutions. The Coolcure concrete admixture creates a low... |
USA sees 3% rise in July cement shipments27 October 2017, Published under Cement NewsTotal shipments of Portland and blended cement in the USA and Puerto Rico rose 3.4 per cent YoY to 8.5Mt in July, according to data by the United States Geological Survey (USGS). The leading producing states were Texas, Missouri, California, Florida and Michigan (in descending order) and these accounted for 42 per cent of July sales. The top-five cement-consuming states were Texas, California, Florida, Ohio and New York (in descending order) which received 38 per cent of total July sh... |
Fire crews sent to Capitol Cement's San Antonio plant26 October 2017, Published under Cement NewsCapitol Cement's San Antonio plant had 30 fire crews sent to it on the 11500 Bulverde Road, north of Wuzbach Parkway, yesterday morning after a fire broke out inside one of the company's asphalt towers. No workers were injured. The fire was isolated and other areas of the plant were unaffected, but the fire crews had to use large volumes of water because of the type of materials that were burning. |
GCC reports 16% sales boost in 3Q results25 October 2017, Published under Cement NewsGrupo Cementos de Chihuahua announced its results for the third quarter of 2017, which reflect the successful integration of the operations acquired in Texas and New Mexico late last year as well as favourable pricing in the US and Mexico, and progress in implementing the company’s growth strategy. Total sales increased 15.9 per cent YoY to MXN4.968bn (US$258.8m) in 3Q17 from MXN4.288bn. The company’s 3Q EBITDA saw a similar rise to MXN1.421bn, up 14.2 per cent from MXN1.245bn. Margins sli... |
Summit Materials revealed as US$3.8bn bidder for Ash Grove Cement09 October 2017, Published under Cement NewsUS cement maker Summit Materials has been revealed as the US$3.8bn bidder for Ash Grove Cement, according to a Reuters' source. The bid was submitted last week to trump an earlier takeover bid from Irish building materials firm CRH Plc. Ash Grove said earlier on Friday that it had received a new bid from an unnamed party which valued the business at US$3.7-US$3.8bn . The source said Summit Materials’ bid was submitted on Thursday and is currently being considered by Ash Grove’s board... |
PCA updates US annual cement consumption forecast06 October 2017, Published under Cement NewsPortland Cement Association's (PCA) Market Intelligence Group has forecast annual cement consumption to climb in the USA by 2.6 per cent during 2017 and 2.8 per cent in 2018. The updated forecast adjusts downward PCA projections released earlier this year. Bad weather and lower than anticipated budgets for the public construction sector are among the factors that have prompted the adoption of a more modest growth outlook. "Once infrastructure and tax reform initiatives take hold and aff... |
Ash Grove Cement receives US$3.8bn takeover proposal06 October 2017, Published under Cement NewsCRH noted that an announcement by Ash Grove yesterday that the period for obtaining shareholder approval has been extended for its proposed acqusition. US cement maker Ash Grove Cement Co said on Thursday it received a larger takeover proposal valued at up to US$3.8bn, surpassing an earlier offer from Irish building materials firm CRH Plc. CRH said last month it agreed to buy Ash Grove for a total consideration of US$3.5bn. Ash Grove said the new bid valued at US$3.7-US$3.8bn was expected t... |
Summit Materials could be swept up in US consolidtion trend02 October 2017, Published under Cement NewsAs the cement sector continues to consolidate, the number of potential targets with values of more than US$1bn (EUR842m) will continue to fall and quite possibly, Summit Materials will see its position change from being an acquirer of companies - to being a target, reports the Sunday Independent. Follwing, CRH's recent move to acquire US company Ash Grove Cement for US$3.5bn and Martin Marietta's US$1.6bn (EUR1.3bn) payment for Bluegrass Materials, a leading aggregates company, investo... |