Cement News tagged under: usa
PCA appoints new chair and vice chair07 December 2023, Published under Cement NewsPortland Cement Association (PCA) has announced new leadership for its board of directors. Massimo Toso has been elected chairman of the PCA. Mr Toso is the current president and CEO at Buzzi Unicem USA and has served the last year as vice chair to former PCA Chairman Filiberto Ruiz. Monica Manolas is PCA’s new vice chair and the first woman in the 21st century to be elected to the position. Ms Manolas currently serves as president of Ash Grove East . Also at the meeting, Jorge Wagne... |
DG Khan Cement is exploring Mexico to export cement from Pakistan29 November 2023, Published under Cement NewsAccording to AKD Research, DG Khan Cement Co Ltd (DGKCC) held its corporate briefing on 24 November to apprise investors of its FY22-23 financial results and the company’s future outlook. DGKC recently exported two shipments to Mexico and four shipments to the USA. Management is actively focussing on exports to increase capacity utilisation. It expects higher clinker exports this year, but the impact would not be significant as clinker exports have minimal margins. However, margins on c... |
Building emissions can be reduced 70% by digital technology24 November 2023, Published under Cement NewsRetrofitting buildings using a digital-first approach is the best pathway to decarbonisation, according to new research from Schneider Electric, the leader in the digital transformation of energy management and automation. Buildings represent an estimated 37 per cent of global carbon emissions and as about half of today’s buildings are still likely to be in use in 2050, experts claim that the sector must urgently reduce operational carbon emissions, by making buildings more energy efficie... |
CRH sells lime business to SigmaRoc23 November 2023, Published under Cement NewsCRH plc has agreed to divest its lime operations in Europe to SigmaRoc plc for a total consideration of approximately US$1.1bn. The lime business comprises 16 operating locations with leading market positions across Ireland, the UK, Germany, Czech Republic and Poland. The combined business generated sales of around US$610m and EBITDA of roughly US$137m in 2022. The transaction, which is subject to customary conditions and regulatory approvals, is structured in three phases, the first o... |
CRH reaches agreement on Martin Marietta acquisition22 November 2023, Published under Cement NewsCRH has reached an agreement to acquire a portfolio of cement and ready-mixed concrete (RMC) assets in Texas, USA, from Martin Marietta Materials for a total consideration of US$2.1bn. According to CRH, the combined portfolio of assets is expected to generate pro-forma 2023 EBITDA of approximately US$170m. The assets include the 2.1Mta Hunter cement plant located between San Antonio and Austin, a network of terminals along the eastern gulf coast of Texas, and a portfolio of 20 RMC pla... |
CRH reports 8% sales growth in 9M2321 November 2023, Published under Cement NewsCRH has posted sales of US$26.3bn for the first nine months of 2023, up eight per cent on the same period a year earlier. EBITDA in the 9M23 has come in at US$4.8bn, marking a 14 per cent YoY advance, while the EBITDA margin has expanded by 100bps to 18.1 per cent. According to the company, the positive momentum seen in the first half of the year continued into the third quarter, underpinned by strong commercial progress and positive underlying demand across key end-use markets. Sales ... |
Argos records EBITDA of COP742bn in the 3Q2310 November 2023, Published under Cement NewsArgos reported that for the 3Q23 adjusted EBITDA stood at COP742bn (US$180.35m), increasing 25.4 per cent on a comparable basis versus 3Q22. The company's revenue in the 3Q23 slipped one per cent YoY to COP3087bn from COP3118bn in the year-ago period. The results were driven by strong pricing dynamics across all regions, combined with cost efficiencies. The adjusted EBITDA margin stood at 24 per cent for the quarter up from 19 per cent YoY. Cement dispatches reached 3.98Mt, with a contrac... |
Titan announces 14% sales rise in 9M2310 November 2023, Published under Cement NewsTitan 's group sales in the 9M23 increased by 14 per cent to EUR1892m YtD driven by increased volumes in all its regions and by solid pricing levels. Group EBITDA reached EUR397m YtD, up by 72 per cent as the group’s margins restored. Net profit more than doubled in the YtD to EUR198m. The group’s nine-month 2023 net profit after taxes and minority interests (NPAT) more than doubled, reaching EUR197.6m, compared to the EUR89.1m recorded in the same period in 2022. Growth-oriented capital... |
Buzzi SpA announces consolidated 9M23 net sales of EUR3303m09 November 2023, Published under Cement NewsBuzzi SpA announced that consolidated net sales in the 9M23 were equal to EUR3303m, up 9.9 per cent compared to EUR3004m in 9M22. Cement and concrete volumes fell -8.1 and -12 per cent YoY, respectively, due to a significant contraction of demand in central and eastern Europe, and to a less marked weakness in Italy and the United States. Cement and clinker sales of the group, in the first nine months of 2023, stood at 20.1Mt (21.9Mt in 9M22). Ready-mix concrete output reached 7.7Mm ... |
US Portland and blended cement shipments slip in August09 November 2023, Published under Cement NewsTotal shipments of Portland and blended cement shipments (including imports) in the USA and Puerto Rico slipped slightly to 10.6Mt in August 2023 when compared with August 2022, according to the US Geological Survey (USGS). Of the total blended cement volume, 5.7Mt or 98 per cent, was Portland limestone cement (Type IL). The main markets for Portland and blended cement in August 2023 were Texas, California, Florida, Ohio and Georgia, which accounted for a total 37.5 per cent of the month’s ... |