Cement News tagged under: usa
Votorantim Cimentos to inaugurate Sivas plant03 July 2017, Published under Cement NewsVotorantim Cimentos is to inaugurate its cement works in Sivas, Turkey, as part of its drive for geographic diversification. International operations account for 40 per cent of its revenues, a share that is expected to grow next year as the expansion of the Charlevoix (MI), USA, works comes online. ‘Geographic diversification works as a "hedge," which compensates for the situation we're going through in Brazil,’ said company president, Walter Dissinger. Therefore, it is expected that ... |
Pablo Libreros appointed Aggregate Industries’ Growth and Innovation Director30 June 2017, Published under Cement NewsAs part of its ongoing commitment to being the foremost business in the construction products industry, Aggregate Industries has appointed Pablo Libreros as the new Growth and Innovation Director. With a considerable experience in the industry, Pablo has joined Aggregate Industries after having worked within LafargeHolcim Group, in South America for the past six years. Most recently, Pablo occupied the role of CEO for the Group’s Costa Rica business. Prior to this he held various senior r... |
Moody's upgrades Eagle to Investment Grade28 June 2017, Published under Cement NewsMoody's Investors Service upgraded the senior unsecured debt ratings of US-based Eagle Materials Inc to Baa3 from Ba1. The rating outlook is stable. The upgrade reflects Moody's view that Eagle Materials has the willingness and ability to defend its investment grade rating in a downturn. The upgrade is also supported by strength in the company's financial ratios, "which are among the best in the building materials rated universe," Moody's notes. Eagle Material's adjusted debt-to-EBITDA... |
Martin Marietta Materials to acquire Bluegrass27 June 2017, Published under Cement NewsMartin Marietta Materials Inc and Bluegrass Materials Company announced that they have entered into a definitive agreement under which Martin Marietta will acquire aggregates company Bluegrass for US$1.625bn in cash. Bluegrass is the largest privately-held, pure-play aggregates company in the United States, with a portfolio of more than 125 years of high-quality reserves. Bluegrass operates 23 active sites across Georgia, South Carolina, Maryland, Kentucky and Tennessee, generating consolid... |
Two CalPortland cement plants recognised for energy efficiency27 June 2017, Published under Cement NewsCalPortland’s Rillito and Oro Grande cement plants have earned the US Environmental Protection Agency’s (EPA’s) Energy Star certification, which signifies that the industrial plants perform in the top 25 per cent of similar facilities nationwide for energy efficiency and meet strict energy efficiency performance levels set by the EPA. This is the sixth year the CalPortland Rillito cement plant has earned Energy Star certification. The Oro Grande cement plant has earned its first Energy St... |
Four Cemex US plants earn Energy Star certification23 June 2017, Published under Cement NewsFour Cemex USA cement plants achieved the US Environmental Protection Agency’s Energy Star® certification for 2017, recognised for their efforts in energy efficiency and sustainability. The Brooksville, Miami, Clinchfield and Victorville plants achieved the certification by ranking in the top 25 per cent for energy conservation when compared to similar US facilities. Each plant also had to meet the technical requirements of the Energy Star Plant Energy Performance Indicators. Throughout th... |
Cemex takes top spots in USGS quarry rankings22 June 2017, Published under Cement NewsNew rankings from the US Geological Survey (USGS) have listed three of Cemex USA's quarries in the top 25 Crushed Stone Operations in the nation, with Balcones Quarry taking the top spot. Statistics from the USGS recently released show Cemex’s Balcones Quarry in New Braunfels, Texas, was the number one quarry in the United States for production volume in 2015, and Cemex’s FEC Quarry in Miami ranked fourth. Cemex notes that the Balcones Quarry is integral in providing crushed stone for ag... |
CTLGroup appoints new CFO19 June 2017, Published under Cement NewsCTLGroup has announced the appointment of David Mizwicki as Vice President and Chief Financial Officer. Mr Mizwicki will assume the responsibility for financial management, business performance and leadership of finance and accounting within the organisation, the engineering and materials science firm said in a statement. Prior to joining CTL Group Mr. Mizwicki has held several senior leadership positions in finance and accounting. He recently was CFO of TRM a healthcare services business f... |
Vulcan raises US$700m in public offering of senior unsecured notes19 June 2017, Published under Cement NewsVulcan Materials Company has raised US$700m in a public offering of senior unsecured 4.50 per cent notes due 2047. The notes bear an interest rate of 4.5 per cent per annum, payable semi-annually on 15 June and 15 December of each year, beginning from 15 December 2017. The notes will mature on 15 June 2047. The notes were issued at a price of 99.624 per cent plus accrued interest, if any, from June 15, 2017 with yield to maturity of 4.523 per cent. In addition, Vulcan Materials has al... |
Eagle Materials chairman to retire from board19 June 2017, Published under Cement NewsEagle Materials Inc announced that Laurence E Hirsch, chairman, informed he has decided to retire from the board. Richard R Stewart, currently vice chairman of Eagle Material, will succeed Hirsch as chairman. |