Cement News tagged under: usa
US Cement receives key permit for white cement plant19 June 2018, Published under Cement NewsUS Cement LLC has received a draft air permit from the Texas Commission on Environmental Quality for a white cement plant near the town of Brady. Groundbreaking for the 0.5Mta facility, which sits on a limestone deposit of 80Mt, is scheduled for the first half of 2019. Part of Royal White Cement, US Cement expects to invest more than US$200m in the plant, incorporating the latest production technology and environmental control systems. Some 300 workers will be needed during the construct... |
CRH receives approval to acquire Ash Grove Cement15 June 2018, Published under Cement NewsCRH Plc has received regulatory approval to acquire Ash Grove Cement Co. The US Federal Trade Commission has issued its consent order, with the US$3.5bn transaction expected to close in June 2018. CRH has agreed to divest assets to secure antitrust approval for the deal. As a result, the company will sell a cement plant and quarry in Montana, sand and gravel pits in Nebraska and four facilities (two limestone quarries and two asphalt plants) in Kansas, according to Reuters. |
GCC acquires Trident Cement, sells OK and AR ready-mix operations15 June 2018, Published under Cement NewsMeixcan cement producer Grupo Cementos de Chihuahua (GCC) received regulatory approval for the purchase of the 0.315Mta Trident cement plant in Three Forks, Montana, USA, from CRH, as well as the sale of its ready-mix concrete operations and transportation assets in Oklahoma and Arkansas. Following the transaction GCC owns eight cement plants in the US and Mexico, with a total production capacity of 5.4Mta. In addition, the company expects to commission the expansion of its cement plant in... |
Titan releases its 2017 Annual report14 June 2018, Published under Cement NewsTitan Group has released its 2017 Annual Report online . The report highlights the financial performance of the group that had a turnover of EUR1505.8m, EBITDA of EUR273.4m, profit after taxed of EUR42.7m and capital expenditure of EUR122.6m. "This stable performance reflects our ability to capitalise on the opportunities offered by the continuing growth in the US market and to minimise the impact of adverse developments in Egypt and Greece," said Titan Group CEO, Dimitri Papalexopoulos. ... |
US-Puerto Rico Portland and blended cement shipments down 1% in March 201811 June 2018, Published under Cement NewsTotal shipments of Portland and blended cement in the USA and Puerto Rico slipped to to 7.42Mt in March 2018 when compared to March 2017, according to the US Geological Survey (USGS). In March 2017 total shipments reached 7.49Mt. The largest state markets were Texas, California, Florida, Georgia and Pennsylvania, in descending order, which accounted of around 46 per cent of domestic demand. Leading producing states were Texas, California, Missouri, Florida and Alabama, in descending order... |
Disposals or growth for CRH?08 June 2018, Published under Cement NewsLast week, CRH made an announcement that it was creating a new global Building Products division which would start operation in January 2019 by merging its European Distribution and Americas Products divisions. Due to the company's enlarged scale, it sees opportunities for further value creation for its shareholders and is looking to maximise its network to improve its global products business. This comes after several years of re-positioning itself post-financial crisis when several of th... |
CRH to create new global Building Products division31 May 2018, Published under Cement NewsCRH plc will establish a new global Building Products division from 1 January 2019, bringing together its Europe Lightside, Europe Distribution and Americas Products divisions. Under the leadership of Keith Haas (currently President, Americas Products), this new platform will operate alongside our Americas Materials and Europe Materials divisions, leveraging CRH's scale and network opportunities across the company's global products businesses, CRH stated. David Dillon (currently President... |
Cementos Argos sees falling volumes18 May 2018, Published under Cement NewsCementos Argos released its 1Q18 results this week , announcing revenues of COP1.9trn (US$670m), but cement sales fell by 4.1 per cent to 3.7Mt and ready-mix volumes by 7.5 per cent to 2.4Mm 3 . ICR reviews the state of Cementos Argos' regional markets and guidance going forward. The outlook for the cement and ready-mix market for the rest of the year remains positive, mainly boosted by the residential segment, which is expected to continue gaining momentum, supported by the solid fundam... |
Eagle Materials records positive FY1817 May 2018, Published under Cement NewsEagle Materials has reported its FY18 and 4QFY18 results, which reflect an all-round positive performance. In the 2018 fiscal year, revenue increased 14 per cent YoY to US$1.4bn and its after-tax margin finished at 19 per cent. The company saw a two per cent rise in revenue for the final quarter of FY18, resulting in a record amount of US$284.7m. This comes despite a US$6m pretax charge related to the settlement by American Gypsum of the antitrust lawsuit brought by a group of homebuilde... |
US and Puerto Rican cement markets contract in February16 May 2018, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto rico in February contracted by 3.6 per cent YoY to 5.8Mt, according to the US Geological Survey (USGS). The leading cement-consuming states – Texas, California, Florida, Georgia and Arizona – received about 50 per cent of total shipments. The leading producing states were California, Texas, Florida, Missouri and Alabama (in descending order). Masonry cement shipments declined by 6.5 per cent YoY to 169,000t in Februar... |