Cement News tagged under: usa
GCC expects declining growth on low oil prices10 April 2015, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) expects sales growth to decline this year after record revenue last year as low oil prices constrict demand in the United States, the company's top market. GCC Treasurer Luis Carlos Arias told Reuters in an interview that after a nearly 20 per cent sales spike in 2014, the company projects only single digit growth in the US, which accounts for about 70 per cent of total sales. Demand in Mexico is expected to fall slightly, he said. |
US market picks up 12% YoY in January 201503 April 2015, Published under Cement NewsUS market demand reached 5,355,378t, representing a 12.1 per cent increase on January 2014, according to preliminary figures by the US Geological Survey. Shipments of Portland and blended cement by US producers reached 4,859,373t in January 2015. Clinker production stood at 5,407,342t. In addition, the country imported some 496,005t of cement. Exports by US producers totalled 51,037t, down 9.5 per cent YoY. |
US shipments reach 88.4Mt in 201402 April 2015, Published under Cement NewsPortland and blended cement shipments in the US and Puerto Rico in 2014 reached 88.4Mt, up by about eight per cent YoY, latest data from the US Geological Survey (USGS) confirms. In December 2014 alone, shipments reached 6.2Mt, a rise of 22 per cent from the level in December 2013. The leading Portland cement-producing states in December were Texas, California, Missouri, Florida and Alabama, in descending order. The leading consuming states (Texas, California, Florida, Ohio and Illinois, ... |
Buzzi Unicem returns to a net profit30 March 2015, Published under Cement NewsOn a turnover just 0.1 per cent lower at EUR2506.4m, Buzzi Unicem's underlying EBITDA did increase by 7.1 per cent to EUR404.8m in 2014, while at the headline level there was a 4.8 per cent advance to EUR422.7m. Following a 23 per cent reduction in impairment charges, depreciation and amortisation, the trading profit (EBIT) more than doubled from EUR86.5m to EUR178.7m. After a net interest charge 52.1 per cent lower at EUR53.1m, the pre-tax profit jumped from just EUR16.0m to EUR175.6m. A... |
Cemex to supply state-of-the-art transit systems in California Bay area, USA27 March 2015, Published under Cement NewsCemex is to supply structural concrete on two massive, state-of-the-art transit systems in the California Bay Area which, upon completion, are expected to serve more than 61 million people every year. Between 2000 and 2030, 1.25 million new vehicles are expected to enter the Northern California Bay Area -- a 31.5 per cent increase over 30 years. In response, cities and local transportation agencies are providing much needed alternatives for commuters through the construction of new, state-o... |
Cementos Argos readies itself for 'vibrant' US market growth26 March 2015, Published under Cement NewsWith US demand recovery on a roll, Cementos Argos is readying itself for 'vibrant' growth in the years ahead with the group having consolidated its presence in nine strategic states. Last year, Argos recorded historic overall results in terms of both income and EBITDA, which rose above US$2.9m and US$534m (growth of 17 and eight per cent, respectively). The company reported unprecedented consolidated figures in terms of cement and concrete sales volumes, dispatching 12.5Mt of cement and 11M... |
HeidelbergCement completes sale of North American and UK building products business17 March 2015, Published under Cement NewsHeidelbergCement on Friday completed the sale of its North American (excluding Western Canada) and United Kingdom building products business (collectively “Hanson Building Products”) to an affiliate of Lone Star Funds. “I am very glad to be able to hand over Hanson Building Products to a buyer which as an experienced financial investor will support the sustainable development of the business going forward,” said Dr Bernd Scheifele, CEO of HeidelbergCement. “This transaction marks the com... |
Dixon plant reportedly set to reopen, USA12 March 2015, Published under Cement NewsSt Marys Cement Inc plans to reopen in Dixon cement plant in Illinois, USA, this spring, according to a report by the Dixon Telegraph. Company spokesman Steve Gallagher says the plant will reopen shortly after it is completely staffed by the end of March. He says it will have all required environmental permits in place. The company says the decision was made based on increased demand. Gallagher says the company plans to bring about 60 jobs to the area when the plant reopens. |
Italcementi improves margins06 March 2015, Published under Cement NewsItalcementi's 2014 turnover declined by a further 1.8 per cent to EUR4155.6m but the underlying EBITDA did improve by 3.2 per cent to EUR649.1m. The depreciation charge declined by 3.1 per cent to EUR408.3m and impairment charges dropped by a further 70.9 per cent to EUR9.2m and the trading profit advanced by a further 42.3 per cent to EUR226.7m. Net financial charges rose by 14.3 per cent to EUR136.5m while the contribution from associates rose by 57.1 per cent to EUR11.7m to give a pre-... |
Titan Egypt's profits decline, but Greece and the USA recover06 March 2015, Published under Cement NewsTitan's turnover improved by 2.7 per cent in 2014 to EUR1158.4m but the EBITDA emerged 2.6 per cent lower at EUR181.6m. Following an 8.5 per cent reduction in the depreciation charge, the trading profit advanced by 7.0 per cent to EUR76.6m. The net financial charge increased by 6.2 per cent to EUR65.7m and there was a EUR31.1m foreign exchange gain compared with a loss of EUR18.4m in the previous year. There was a pre-tax profit of EUR46.8m compared with a EUR9.4m loss the year before. At... |