Cement News tagged under: usa
Votorantim sells Canadian quarry to Sunrock Group12 May 2020, Published under Cement NewsVotorantim Cimentos' North American business unit, St Mary's Cement, has sold an existing quarry with 1400 acres of high-quality aggregate reserves located in Burnt River, Ontario, Canada, to The Sunrock Group, a privately-held construction materials supplier headquartered in Raleigh, NC, USA. According to Bryan Pfohl, the Sunrock Group’s chairman and CEO: "The Sunrock Group is looking forward to building a strong Canadian company in the Greater Toronto Area that is poised to supply high qu... |
GCC signs wind power agreement with Black Hills Energy11 May 2020, Published under Cement NewsGrupo Cementos Chihuahua (GCC) has signed a power purchasing agreement (PPA) with Black Hills Energy to supply GCC’s Rapid City cement plant with half of its power requirements in the next 15 years. By choosing low-cost renewable energy resources to power our business, we’re able to advance our business goals and sustainability objectives while also supporting the expansion of affordable, renewable energy development in the region,” said Ron Henley, GCC’s US division president. “Clean ener... |
Pandemic to seriously affect global cement trade08 May 2020, Published under Cement NewsAt Cemtech's live webinar on the 'seaborne trade of cement and clinker' this week, Ad Ligthart of Cement Distribution Consultants, gave a sobering outlook on global trade in response to COVID-19 and the many government lockdowns that have been implemented worldwide. "Seaborne trade of cement and clinker will be seriously affected," said Mr Ligthart, adding: "There will be a global reduction in cement consumption and the result of that for seaborne trade and distribution is that the drop w... |
Argos records revenues of COP2.2trn in 1Q2006 May 2020, Published under Cement NewsIn the first three months of 2020, Argos (Grupo Argos) reported revenues of COP2.2trn (US$5.6bn), a figure that remains stable when compared to 2019. EBITDA, including the effect of IFRS16, was COP343bn, decreasing one per cent when compared to the same quarter of the previous year. During the period, the total volume of cement dispatched reached 3.6Mt, down 6.1 per cent, and ready-mix volumes fell 10.7 per cent to 2.1Mm 3 . "In general, the results were impacted mainly because of the clo... |
GCC sees 11% rise in consolidated net sales for 1Q2030 April 2020, Published under Cement NewsMexico’s Grupo de Cemento de Chihuahua (GCC) has announced an 11 per cent increase in consolidated net sales to US$181.4m for the first quarter of 2020. EBITDA also advanced 18.4 per cent YoY to US$45.3m from US$38.3m, with the EBITDA margin rising to 25 per cent from 23.4 per cent. "Both our divisions delivered strong results in the first quarter of the year, as the economic impacts of the pandemic weren't fully realised until late in the quarter. All of our operations are running at a st... |
US Portland and blended cement market expands 7% in January27 April 2020, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the US and Puerto Rico increased by 7.4 per cent YoY to 6.9Mt in January 2020, according to data from the US Geological Survey (USGS). Around 47 per cent of total shipments were received by the five leading cement-consuming states – Texas, California, Florida, Georgia and North Carolina. Product was mainly manufactured in Texas, California, Florida, Missouri and Alabama. Masonry shipments slipped to 190,000t in January 2... |
PCA writes to President Trump24 April 2020, Published under Cement NewsMichael (Mike) Ireland, president and CEO of the Portland Cement Association (PCA), has written to US President Donald Trump to express the need to restart public works programmes and designate the cement industry as an 'essential industry' that is also listed as a 'critical manufacturing' industry with the Department of Homeland Security. "Increasingly, the COVID-19 crisis and necessary government response activities, including travel restrictions, shelters in place, quarantines, and oth... |
US cement shipments up 8% in December21 April 2020, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the US and Puerto Rico in December 2019 increased eight per cent YoY to 6.7Mt, according to newly-released data from the US Geological Survey (USGS). The leading cement-consuming states were Texas, California, Florida, Georgia and Ohio, which received 45 per cent of the total. Leading producing states were Texas, Missouri, California, Florida and Alabama. Masonry cement shipments rose by 9.7 per cent YoY to 164,000t in D... |
US growth settles down20 April 2020, Published under Cement NewsWhile the US economic cycle is expected to reach maturity in 2020-21, its construction market is forecast to remain relatively robust. As a result, the Portland Cement Association (PCA) forecasts modest growth for the cement sector in the medium term. By Ed Sullivan, PCA, USA. Figure 1: US economic growth, 2001-23 The United States economy and construction market are expected to remain relatively strong during 2020-21. However, the economy is entering a mature stage in the busin... |
Eagle Materials sells non-core concrete and aggregates assets20 April 2020, Published under Cement NewsEagle Materials Inc announced it has sold its Western Aggregates and Mathews Ready Mix operations for US$93.5m to Teichert, a California-based construction company. Western Aggregates vested-rights-to-mine covers 3900 acres and includes over 900Mt of aggregates. Mathews Ready Mix assets include three concrete batch plant locations and 26 trucks. Michael Haack, Eagle Materials president and CEO, said: “This transaction represents the sale of non-core assets on the heavy-side of our com... |