Cement News tagged under: usa
Martin Marietta reports strong Q1 profit advance06 May 2016, Published under Cement NewsMartin Marietta Materials, one of the top five US aggregates producers, has announced a first-quarter turnover 16.2 per cent ahead at US$734.0m and EBITDA rose by 67.3 per cent to US$152.6m. The trading profit was more than trebled, rising from US$.25.6m to US$83.8m and after a net interest charge that was 3.6 per cent higher at US$20m and after other items, the pretax profit emerged at US$64.8m compared with just US$5.4m and the net attributable profit jumped from US$6.1m to US$45m. Capital... |
A change of strategy: Cemex to sell some US assets06 May 2016, Published under Cement NewsCemex, the Mexican giant of the cement world, announced this week that it intends to further reduce its exposure in the USA by selling US$400m worth of assets to a US subsidiary of fellow Mexican Grupo Cementos de Chihuahua. Is this part of a long-term plan to pull business out of the USA, to reduce debt or is Cemex reluctantly selling cement capacity in a country that the PCA has forecast will see a 3.4 per cent rise in cement consumption in 2016? At the close of 2015 Cemex’s US operation... |
USA: Summit Materials enters Las Vegas market with acquisition05 May 2016, Published under Cement NewsSummit Materials Inc has acquired Sierra Ready Mix LLC (Sierra), a vertically-integrated aggregates and ready-mix concrete business located in Las Vegas, Nevada. The acquisition provides Summit with premier, well-located assets in an expanding market. Sierra is a well-established aggregates and ready-mix concrete supplier in the Las Vegas market with an excellent reputation for quality and service. It operates a sand and gravel pit and two ready-mix concrete facilities, and has a well-bala... |
USA: Vulcan Materials sees 15.6% profit improvement04 May 2016, Published under Cement NewsVulcan Materials, the largest US aggregates producer, generated a first-quarter turnover 15.6 per cent higher at US$754.7m while EBITDA doubled (+100.3 per cent) to US$155.9m. At the trading level, the first-quarter profit went from US$10.8m to US$64.9m and the net interest charge in the period dropped by 46.1 per cent to US$33.7m, giving a swing at the pretax level from a loss of US$50.7m to a US$30.5m profit and at the net attributable level the loss was replaced by a US$18.9m profit. Agg... |
Cemex intends to reduce its US exposure to reduce debt03 May 2016, Published under Cement NewsIn a further effort to reduce its high gearing, which stood at 180.1 per cent at the end of March, Cemex has agreed to sell assets worth US$400m to a US subsidiary of the Mexican Grupo Cementos de Chihuahua. The deal includes two cement plants – a 0.76Mta integrated plant in Odessa, Texas and a 0.57Mta integrated plant in Lyons, Colorado – as well as three cement terminals and building materials businesses in Texas and New Mexico. Plans are in hand, however, to increase the capacity o... |
CRH interested in HeidelbergCement US and Belgian units28 April 2016, Published under Cement NewsCRH has expressed an interest in acquiring HeidelbergCement’s US and Belgian assets. The Germany-based company is expected to divest in such units to comply with the requirements set by competition authorities for its acquisition of Italcementi. "US cement is of interest to us and we're fully aware of the asset that may spin out of the potential acquisition," Mr Manifold said. "With regards to Belgium, it's a prime asset and certainly it would make a good fit with our businesses, providin... |
Event Preview: 2016 IEEE-IAS/PCA - Dallas, Texas, USA25 April 2016, Published under Cement NewsThe 2016 IEEE-IAS/PCA Cement Industry Technical Conference and Exhibition is taking place at the Gaylord Texan Resort and Convention Centre, Grapevine, Dallas, Texas, USA from 15-19 May. The theme of this year's meeting is 'Sustainable Strength through Innovation', and boasts the largest number of technical papers ever to be presented. The exhibition will be held over three days and will feature many of the equipment and service suppliers operating in North America - see below for our ro... |
USA: Essroc Martinsbrug to tighten up dust emissions control20 April 2016, Published under Cement NewsEssroc officials said in a statement that it will implement strict dust-control improvements over the next 60 days as part of ongoing environmental efforts, and has already made investments to repair equipment. Essroc recently agreed to pay a US$38,400 penalty for air-pollution violations, which triggered several complaints last year from nearby residents. Essroc will be required to perform weekly instead of monthly “visible emission observations” at its South Queen Street plant as part of... |
USA: Montana City cement plant wins energy award05 April 2016, Published under Cement NewsAsh Grove Cement Co's Montana City plant has won top honours in the annual "Ash Grove Energy Management (AGem) Outstanding Plant of the Year" competition. “Our team is honoured to win the AGem award,” said Dick Johnson, Montana City plant manager. “This recognition is possible because all our employees are committed to identifying and incorporating ways to conserve fuel and electricity.” Andy Lippert, Ash Grove's corporate energy director, scores each plant every month based on 12 metrics... |
USA: 150 years up for Essroc's Nazareth Cement plant04 April 2016, Published under Cement NewsEssroc Cement of Upper Nazareth, USA, celebrated 150 years in business last Thursday evening at the Nazareth Center for the Arts. Nazareth Bath Regional Chamber of Commerce board members and local dignitaries were present to help celebrate the milestone. “What makes us very unique as a company is our heritage of being one of the best-known companies and best-known product lines,” said Craig Becker, senior vice president of human resources at Essroc. Essroc’s sesquicentennial history da... |