Cement News tagged under: usa
Vicat's 1H20 results see consolidated sales of EUR1.3bn31 July 2020, Published under Cement NewsVicat has announced 1H20 results with consolidated sales of EUR1.304bn, down 2.7 per cent from EUR1.340bn in 1H19. EBITDA reached EUR213m, representing a decline of 6.7 per cent on EUR228m earned in 1H19. The EBITDA margin stood at 16.3 per cent in the 1H20 compared with 17 per cent in 1H19. First-half operational sales of the cement business rose 0.9 per cent on a reported basis, and 1.9 per cent at constant scope and exchange rates. The concrete and aggregates business recorded a... |
Eagle Materials reports record 1Q results31 July 2020, Published under Cement NewsUS-based Eagle Materials revenues advance 15 per cent to a record of US$428m in the first quarter of FY20-21 (ended 30 June). Michael Haack, President and CEO, said, “Against the backdrop of a global health crisis and unprecedented business disruption, our Company continued to perform well during the quarter, and our markets have proven to be resilient in the current environment. The integration of the Kosmos Cement Business proceeded on schedule and for the first time in Eagle’s history, ... |
LafargeHolcim records net sales of CHF10.7bn in 1H2030 July 2020, Published under Cement NewsLafargeHolcim recorded net sales of CHF10.693bn (US$11.7m), a decline of18.1 per cent compared to the prior year of CHF13.059bn, reflecting the severe impact of the implementation of strict lockdowns of construction sites in several major operating countries. The strong appreciation of the Swiss franc against all currencies accounted for 6.2 per cent of the absolute decrease. Following the easing of the lockdowns, net sales in all five regions resumed prior-year levels by the end of June. R... |
Titan Group's 1H20 revenues stable at EUR786m30 July 2020, Published under Cement NewsTitan Group consolidated revenue in the 1H20 amounted to EUR786.3m, remaining largely stable (+0.1 per cent) over the same period the previous year. Group cement and cementitious volumes reached 7.9Mt in the 1H20, down two per cent from 8.1Mt in the 1H19. Ready-mix sales edged up 1.3 per cent YoY to 2.64Mm 3 from 2.6Mm 3 in 1H19, while aggregate volumes totalled 9.2Mt, up 2.6 per cent from 8.9Mt in 1H19. EBITDA was up 12 per cent YoY, reaching EUR136.8m, while the group's EBITDA margin r... |
Martin Marietta reports 1H cement gross profit up 26%29 July 2020, Published under Cement NewsUS-based building materials producer Martin Marietta posted total revenues of US$1.27bn in the 2Q20, representing a marginal decline from US$1.28bn in the 2Q19. However, the company’s gross profit increased 6.6 per cent from US$356.9m in the 2Q19 to US$380.5m one year later while earnings from operations advanced 7.2 per cent from US$285.9m to US$306.4m during the same period. Net earnings attributable to Martin Marietta were up 14.8 per cent to US$217.6m in the 2Q20 from US$189.5m in the ... |
Cemex sales decline by 10% in 2Q2028 July 2020, Published under Cement NewsCemex reported significant disruption from COVID-19 in 2Q20. Sales declined by 10 per cent YoY and EBITDA fell by six per cent to US$554m. These decreases were attributed to lockdown measures. The decline in quarterly consolidated net sales was due to lower volumes for the company's three core products in almost all regions. The USA was the one exception with cement volumes growing six per cent. Net operating earnings before other expenses decreased 17 per cent to US$279m on a like-for-li... |
US cement shipments down 8% in April27 July 2020, Published under Cement NewsShipments of Portland and blended cement in the US and Puerto Rico fell 7.5 per cent YoY to 8.1Mt in April 2020, according to the US Geological Survey (USGS). The leading cement-consuming states were Texas, California, Florida, Georgia and Ohio, which accounted for a combined market share of 42 per cent. The top five producing states were Texas, Missouri, California, Florida and Alabama Masonry cement shipments declined 11 per cent YoY to 195,000t in April 2020. Florida, Texas, North Caro... |
Summit Materials announces 2Q results and new CEO22 July 2020, Published under Cement NewsUS-based Summit Materials saw a 24.5 per cent rise in operating income for the second quarter of 2020 to US$100.1m from US$80.4m in the year-ago period. Adjusted EBITDA also advanced 14.1 per cent YoY to US$160.2m from US$140.5m. Cement sales volumes declined 6.3 per cent YoY in the 2Q20, while prices were up 1.2 per cent. "Despite economic uncertainty, Summit experienced resilient demand and favourable weather conditions, particularly in Utah and Kansas, which led to record 2Q net reven... |
Will Turkish cement exports come under pressure?17 July 2020, Published under Cement NewsAs the second-largest cement exporter after Vietnam, Turkey's cement industry has for many years exported its surplus around the world. However, analysts anticipate Turkish trade to contract due to COVID-19 as the pandemic affects trans-Atlantic exports to the US, as well as other countries where anti-dumping measures increase in response to local surpluses - most recently Georgia . However, this week's news indicates that Turkish cement exporters have found ways to boost their sales, at le... |
Cemex Ventures to recycle plastic to produce concrete and aggregates via Arqlite01 July 2020, Published under Cement NewsCemex Ventures is investing in US-based Arqlite SPC, a start-up that produces light recycled aggregates from plastic waste. The product benefits from a low CO 2 footprint and a greater durability for drainage, precast and lightweight concrete systems for non-structural use. Arqlite SPC began its research and development process in Argentina in 2016. It has developed an innovative technology that allows most of the plastic waste to be recycled instead of disposal at a landfill or polluting... |