Cement News tagged under: usa
PCA: oil prices could lead to strong near-term US economic growth05 February 2015, Published under Cement NewsLow oil prices are beneficial to US economic growth and are expected to add 20 to 30 basis points to real GDP growth rates during 2015-2016, Edward J Sullivan announced during remarks at the 2015 World of Concrete. However, Mr Sullivan cautioned that this good news for the nation¹s economy does not necessarily travel with the same speed to the construction industry. "Unfortunately, the transmission process from oil price declines to construction activity contains timing lags," said Mr Sul... |
Vicat increases cement shipments by 13.7%04 February 2015, Published under Cement NewsVicat's turnover improved by six per cent in 2014 to €2423m, which translates into an underlying increase of eight per cent on a like-for-like basis. Turnover in cement advanced by 13.7 per cent to €1261m, or €1483m before deducting inter-group transfers. Aggregates and concrete sales declined by 1.8 per cent to €860m, while other activities saw turnover edging ahead by 0.3 per cent to €301m. Cement accounted for 53.7 per cent of turnover, up from the 50.6 per cent shown in the previ... |
Eagle Materials net profit rises by 37.8%04 February 2015, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the first nine months to 31 December, rose by 19.1 per cent to US$941.2m. The trading profit before corporate overheads increased by 33.7 per cent to US$246.9m, of which cement contributed 39.1 per cent. The trading profit improved by 32.5 per cent to US$220.3m. After a net interest charge 15.3 per cent lower at US$12.1, the pre-tax profit advanced by 37 per cent to US$208.2m and the net prof... |
PCA applauds Obama for included infrastructure spend in proposed budget04 February 2015, Published under Cement NewsThe Portland Cement Association (PCA) applauds President Barack Obama for including substantial funding for the nation's 'crumbling' infrastructure in his 2016 proposed budget plan. In a statement released yesterday the Association said it has long supported a nationwide plan that would address highways and transportation structures, which are vital to the daily lives of the American public. Key to taking on this large construction project is utilising resilient construction techniques that... |
US Jan-Nov shipments03 February 2015, Published under Cement NewsPortland and blended cement shipments in the US and Puerto Rico in November were 6.5Mt, essentially unchanged from the level in November 2013, USGS data shows. The leading consuming states (Texas, California, Florida, Illinois and Ohio, in descending order) received about 39 per cent of the November shipments. The leading Portland cement producing states in November were Texas, California, Missouri, Florida and Alabama, in descending order. Clinker production totaled 6.8Mt during the mont... |
Votorantim02 February 2015, Published under Cement NewsIn the US, Brazil-based Votorantim is considering investing some US$130m in its Charlevoix, Michigan, cement works to raise its capacity from 1.3Mta to 2Mta. Alternatively, it may choose to re-open its Dixon, Illinois, works that was closed as the market deteriorated. |
USA: Charlevoix cement plant expansion cleared30 January 2015, Published under Cement NewsThe Charlevoix County Board of Commissioners has approved the proposal by St Marys Cement to expand its cement plant in the Michigan state. St Marys Cement Inc, part of the Votorantim Group, is planning a US$130m upgrade to the Charlevoix plant which would increase production capacity from 1.3Mta to nearly 2Mta. According to local press reports, in a 5-1 vote that followed the hearing, the county board approved the upgrade plan. Commissioner George Lasater provided the lone vote in opp... |
Johnston named PCA Government Affairs Vice President28 January 2015, Published under Cement NewsPCA named A Todd Johnston as vice president for government affairs, effective 19 January 2015. Based in the association's Washington office, he will represent PCA and its members with the federal government. Johnston comes to PCA with a strong record of experience and accomplishments in state government, industry, and in Congress, the association highlights. Most recently, he served as staff director for the Subcommittees on Environment and Energy under the US House Committee on Science, S... |
Fitch upgrades GCC’s ratings, outlook to stable23 January 2015, Published under Cement NewsFitch has raised the credit rating of Mexican cement firm Grupo Cementos de Chihuahua (GCC) to BB-, in both local and foreign currency, with a stable outlook. Fitch said in a statement that ratings upgrade reflects GCC's strong operating performance over the past several quarters, its significantly improved credit profile following debt repayments during 2014 and the successful debt refinancing during 2013. The upgrade takes into consideration the improvement in the US cement market and an ... |
Nine Cemex USA sites recognised by Wildlife Habitat Council20 January 2015, Published under Cement NewsNine Cemex USA sites received certifications through the Wildlife Habitat Council’s (WHC) Corporate Lands for Learning and Wildlife at Work Programs. Corporate Lands for Learning Program Certifications The Corporate Lands for Learning certification recognises programs for their exemplary conservation education and outreach opportunities provided to their local communities. Four of the sites were recertified with WHC’s Corporate Lands for Learning (CLL) program, including 474 Sand Mine (F... |