Cement News tagged under: usa
US Southeast's comeback story07 December 2015, Published under Cement NewsCement demand in the US Southeast (ie, Florida plus the ‘Piedmont’ states of Alabama, Georgia, Tennessee and North and South Carolina) was hard hit by the Great Recession. Since the 2010 trough, demand recovery in the region has been the strongest among the five US divisions but remains volatile and well below previous highs. Nevertheless, long-term prospects are better than average. By Rob Roy, ROI Consulting, USA. Cemtech Conferences & Exhibitions looks forward to welcoming delega... |
Ecocem proposed San Francisco grinding plant faces potential planning setback04 December 2015, Published under Cement NewsEcocem's proposed manufacturing plant in San Francisco Bay faces a potential planning setback after receiving almost 500 submissions challenging its environmental impact report, the Irish Times reports. Ecocem is seeking permission to repurpose a former flour milling site into a grinding plant grinding plant in Vallejo, close to San Francisco, marking the Irish group's first venture in the United States. Under subsidiary Orcem California, the facility will include silos and truck/rail lo... |
PCA: Congress completes work on multi-year Highway Bill04 December 2015, Published under Cement NewsThe PCA announced that the US Senate last night passed a final surface transportation reauthorisation bill that provides more than US$280bn to maintain and improve the nation's highways, transit systems, and transportation safety programs. Senate approval came only hours after the legislation, known as the FAST Act, cleared the US House of Representatives with broad bipartisan support. Passage in both chambers clears the way for the measure to be signed into law by the President. “We've wa... |
PCA: cement segments show mixed growth in 2Q1501 December 2015, Published under Cement NewsGrowth among end-use cement segments was mixed as 10 of the 18 segments tracked recorded volume gains in the second quarter of 2015, according to the latest PCA Survey of Portland Cement Consumption by User Group. Non-traditional paving (soil cement, roller-compacted concrete, and full-depth reclamation) – a segment in the forefront of PCA’s promotional efforts – jumped 29 per cent in the 2Q15 compared to the same period in 2014, resulting in a 39 per cent year-to-date increase. Other mar... |
New executive VP at Martin Marietta25 November 2015, Published under Cement NewsMartin Marietta Materials Inc announced that its Board of Directors has elected Roselyn R Bar, Senior Vice President, General Counsel and Corporate Secretary, an Executive Vice President of the company. Ms Bar joined the company in 1994 as assistant general counsel and assistant corporate secretary. She was promoted to corporate secretary in 1997 and associate general counsel in 1998. She became deputy general counsel in 2000 and was named vice president and general counsel in 2001. Prior t... |
PCA forecast sees continued growth24 November 2015, Published under Cement NewsDuring the PCA Board of Directors meeting last week, PCA Chief Economist and Group Vice President, Ed Sullivan, reported that 2015 cement consumption in the United States will continue to grow, but at a slower pace than predicted at the beginning of the year. The US cement market is expected to increase by 3.5 per cent in 2015, followed by larger rates of growth in 2016 and 2017, of five percent and 5.7 per cent, respectively. The PCA said in a statement that the slowdown in cement inten... |
Colombia: Argos 3Q15 profits jump 63% YoY23 November 2015, Published under Cement NewsCementos Argos has announced a 63 per cent hike in profits for 3Q15. Revenues are up 35 per cent while EBITDA saw a 41 per cent advance. Dispatches were up to a record 3.8Mt, a 15 per cent rise. For the nine-month period ended September, total cement sales reach 10.7Mt, reflecting an increase of 14 per cent when compared with 9M14. Argos concrete sales, which were particularly successful in the US and Colombia, advanced seven per cent to 9Mm3 in the quarter and five per cent in the first nin... |
US House of Representatives passes multi-year highway bill06 November 2015, Published under Cement NewsThe Portland Cement Association (PCA) has applauded the US House of Representatives for today’s passage of the Surface Transportation Reauthorization & Reform Act (STRRA), a multi-year federal highway bill. With passage of this bill Congress moves one step closer to completing work on vital infrastructure legislation that will help spur economic growth across the country. The bipartisan measure sets federal surface transportation policy for a six-year period, including critical reforms tha... |
US: Summit Materials reports 3Q rise in volume and prices across all lines of business04 November 2015, Published under Cement NewsSummit Materials net revenue increased 22.4 per cent to US$426.3m in the third quarter of 2015, compared to US$348.1m in the same period a year earlier. The increase in net revenue was primarily attributable to an increase in volumes and price across all lines of business, led by the West and Central regions. Net revenue grew organically by US$4.7m, or 1.3 per cent, compared to the prior year quarter. Further adjusted EBITDA increased 55.2 per cent to US$120.4m, compared to US$77.6m ... |
Martin Marietta Materials expects aggregates prices to improve by some 8%04 November 2015, Published under Cement NewsMartin Marietta Materials, with a full year’s contribution from Texas Industries (TXI) increased turnover by 28.2 per cent to US$2695m in the first nine months of the calendar year while EBITDA advanced by 54.7 per cent to US$542m. The trading profit rose by 74.3 per cent to US$342.1m and the net interest charge rose by 27.6 per cent to US$57.4m. The pre-tax profit advanced by 94.2 per cent to US$291.3m and with the tax charge rising by a more modest 43.6 per cent, the net profit more th... |