Cement News tagged under: USA
USA: Hagerstown plant US$96m upgrade26 October 2016, Published under Cement NewsHolcim (US) has completed a US$96m upgrade on its Hagerstown plant, Maryland. The facility has existed for over 100 years and according John Stull, CEO of US operations for LafargeHolcim, the latest improvements "really should help this plant to serve the community for another 20 to 30 years.” The project, during which the plant remained operational, took two years to complete and complies with federal environmental regulations. Oliver Terver, Hagerstown plant manager, spoke of the company... |
USA: Elementia intends to buy 55% of Giant Cement14 October 2016, Published under Cement NewsElementia of Mexico, 49 per cent owned by billionaire Carlos Slim, said it had signed a letter of intent to purchase 55 per cent of Giant Cement Holdings Inc, a wholly-owned unit of Cementos Portland Valderrivas of Spain. Currently, Giant has an accumulated debt of approximately EUR437m in a securitised bond issue, says dirigentesdigital. At the same time, Cementos Portland has signed a loan of EUR553m to repay part of its debt, amounting to EUR1114m according to the Spanish source. Ceme... |
US fundamentals remain strong14 October 2016, Published under Cement NewsShould investors be worried about the apparent slowdown of US cement shipments in recent months? The IMF has revised down its US growth estimates from 2.6 to 1.6 per cent for 2016 and construction is expected to see a deceleration. A flow of company warnings have been issued with Buzzi Unicem Inc seeing volumes down by double digits in Texas and down 3-4 per cent in the Midwest. HeidelbergCement has also indicated that its August volumes have been below expectations in California and so... |
USA: centenary up for Victorville plant12 October 2016, Published under Cement NewsCemex Victorville has been celebrating its 100th-year anniversary in producing cement in the Victor Valley for customers in California and western USA. The plant, which opened its doors on Labor Day in 1916, was recognised by the San Bernardino County Board of Supervisors for the company's contributions as "a cornerstone" of the local economy and a community partner. "Cemex has been a tremendous company in our community," First District Supervisor Robert Lovingood said. "For a century, gen... |
USA: public asked for their comments on Martinsburg plant's future27 September 2016, Published under Cement NewsFederal regulators are seeking public opinion on one aspect of the pending US$4.2bn merger between HeidelbergCement and Italcementi that will include a change in ownership for Essroc Cement Corp and the Martinsburg cement plant, West Virginia. The Federal Trade Commission (FTC) have raised concenrs about the likelihood that the sale of the Martinsburg cement plant to Argos USA LLC for US$660m would likely harm competition in five US markets - Indianapolis, Baltimore-Washington, DC, Syracus... |
USA: concerns over plant location near school23 September 2016, Published under Cement NewsThe National Association for the Advancement of Colored People (NAACP) has raised concerns over the location of a cement plant in Tuscaloosa, Alabama, as is it situated across from a school. It is reported that dozens of mixing trucks pull into the site every day, stirring dust into the air. The worry is that dust particles and chemicals being used may be detrimental to the health of students at a school. NAACP director, Jerry Carter said, “We can't have a concrete batching plant right ac... |
USA: Eagles Materials to buy Cemex Fairborn plant13 September 2016, Published under Cement NewsCemex US has signed a definitive agreement for the sale of its Fairborn (OH) cement plant and cement terminal in Columbus (OH), including a bagging operation to Eagle Materials Inc for approximately US$400m. The 2016 EBITDA for the divested assets is estimated to be US$33m. The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes. The Bank of America Merrill Lynch is acting as financial advisor to Cemex in this transaction. ... |
USA: Cemex Lyons wins PCA Energy and Environment award13 September 2016, Published under Cement NewsThe US Portland Cement Association (PCA) has awarded Cemex USA Lyons cement plant with its 2016 Energy and Environment Award for Land Stewardship. The Lyons plant’s award-winning land-stewardship programme, which was launched in 2008, included limiting invasive plants and weeds, and cultivating native plants to attract local wildlife and migrating birds. The plant also optimised its quarry roads to limit fugitive dust emissions, and improve energy efficiency and employee productivity. “Ce... |
USA: Martinsburg plant sale to reduce HeidelbergCement's debt funding12 September 2016, Published under Cement NewsThe gap to repay a EUR2.7bn bridge facility that supports HeidelbergCement's purchase of Italcementi is set to close, once the HeidelbergCement cashes in the sale of its Martinsburg cement plant. On 8 September HeidelbergCement sealed an agreement to sell Essroc's plant in West Virginia to Colombian cement producer Cementos Argos for EUR580m. This follows HeidelbergCement's acquisition of Italmobiliare in July for EUR6bn. Talking on the sale of Martinsburg, analysts from Moody said:... |
Lehigh Cement lays off 39 workers12 September 2016, Published under Cement NewsAccording to the union that represents more than 75 per cent of the workers at Lehigh Southwest Cement’s plant north of Redding, California, USA, Lehigh Cement made the decision to lay off 39 workers on Friday, 9 September 2016. Curt Aderhold, president of the union, said an email was sent out on Thursday evening to inform of the layoffs. Junior employees were said to be immediately let go. The email cited a catastrophic breakdown of equipment at the plant as the catalyst. Mr Aderhold sai... |