Cement News tagged under: usa
Construction begins at McInnis Cement’s Bronx terminal21 April 2017, Published under Cement NewsWork is underway at McInnis Cement’s New York terminal. The site in the South Bronx is part of McInnis’ network of terminals, strategically located throughout the eastern portion of North America and chosen for their access to efficient waterways, as well as their proximity to the market to minimise truck miles to its customers. A new development standard When completed, the 74,600ft2 terminal in the Bronx will feature a new warehouse that can store 43,000t cement and load up to 80 tru... |
Votorantim sees cement revenues fall 10% YoY in 201619 April 2017, Published under Cement NewsVotorantim, formerly Votorantim Industrial, generated a turnover 8.7 per cent lower at BRL26,738m (EUR8046m) and EBITDA declined by some 38 per cent to around BRL4300m (EUR1,294m) in 2016 when compared with 2015. Although the net interest charge declined by 9.9 per cent to BRL1731m, there was a net loss of BRL1295m compared with a the net profit fell of BRL387m (EUR116.5m). Group capital expenditure was 6.2 per cent lower at BRL3031m (EUR912m), of which cement represented BRL27.3m. Brazil... |
Mitsubishi Materials withdraws from China market18 April 2017, Published under Cement NewsMitsubishi Cement plans to pull out of the Chinese cement market as tighter environmental regulations take their toll and the supply glut hurts the company’s profitability, according to Nikkei Report. The Japanese nonferrous materials maker signed an agreement on 30 March to sell a cement company in Shandong Province for an undisclosed sum to an affiliate of state-run cement giant China National Building Material. Mitsubishi Materials holds a 66.67 per cent stake in the Shandong compan... |
Cemex divests of its Pacific Northwest Materials business in the US18 April 2017, Published under Cement NewsCemex announced that one of its subsidiaries in the US has signed a definitive agreement for the sale of its Pacific Northwest Materials Business to Cadman Materials Inc, a LehighHanson company and US subsidiary of HeidelbergCement Group, for approximately US$150m. The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes. The closing of this transaction is subject to the satisfaction of certain conditions, including approval... |
US Concrete acquires aggregates operation in New Jersey11 April 2017, Published under Cement NewsUS Concrete Inc announced yesterday that it has strengthened its aggregates capacity and ability to supply its New York City ready-mixed concrete operations by acquiring the assets of Corbett Aggregates Companies LLC, a provider of concrete sand located in Quinton, New Jersey. The acquisition furthers US Concrete's vertical integration strategy and self-sufficiency in internal aggregates consumption, the company noted. Corbett features approximately 401 acres of land with over 35Mt of pr... |
CalPortland with 2017 Energy Star® Partner of the year - Sustained Excellence11 April 2017, Published under Cement NewsThe US Environmental Protection Agency (EPA) has recognised CalPortland with a 2017 Energy Star Partner of the Year – Sustained Excellence Award for its continued leadership in protecting the environment through superior energy efficiency achievements. CalPortland’s accomplishments will be recognised by the US Environmental Protection Agency and the US Department of Energy in Washington, DC on 26 April 2017. “CalPortland takes great pride in our partnership with Energy Star. Being named Pa... |
US and Puerto Rico January shipments edge ahead05 April 2017, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico in January 2017 totalled about 5.4Mt, up by 2.9 per cent YoY, latest data from the USGS shows. The leading cement-producing states for Portland blended cement in January 2017 were Texas, California, Florida, Missouri and Alabama, in descending order. The leading cement-consuming states (Texas, California, Florida, Georgia and New York, in descending order) received 47 per cent of the January shipments. C... |
Paris council to stop LafargeHolcim orders over Trump wall supply offer30 March 2017, Published under Cement NewsThe city of Paris has criticised LafargeHolcim for its willingness to supply material for the wall that US President Donald Trump plans to build along the Mexican border. The French capital’s governing council voted on Tuesday to stop working with the world’s biggest cement maker for as long as the company won’t respect the city’s ethical standards, a spokeswoman said by phone on Wednesday. It will start by ending a longstanding arrangement to take sand from LafargeHolcim for artificial be... |
USA: Ecocem to appeal San Francisco Bay grinding plant planning refusal27 March 2017, Published under Cement NewsEcocem is appealing the decision by a US local authority to refuse the Irish cement manufacturer permission to construct a EUR45m (US$47.5m) grinding plant in San Francisco Bay. The planning commission in Vallejo, California, recently refused Ecocem’s subsidiary, Orcem Americas, permission to build on the city’s waterfront based on environmental concerns including increased traffic and pollution. The Irish Times reported on Friday that Orcem has since lodged an appeal with Vallejo city... |
Titan FY16 results bring net profits of EUR278.6m23 March 2017, Published under Cement NewsTitan Group's 2016 financial results recorded a significant improvement in profitability, thanks to the continuing growth of the US market and the recovery of results in Egypt. Consolidated turnover reached EUR1509m, posting an eight per cent increase compared to 2015. EBITDA increased by 28.7 per cent to EUR278.6m while net profit after minority interests and tax provision, stood at EUR127.4m, compared to EUR33.8m in 2015. In the fourth quarter of 2016, the group maintained the stro... |