Cement News tagged under: North America
CRH announces new share buyback10 May 2024, Published under Cement NewsCRH plc has completed the latest phase of its share buyback programme, returning a further US$0.3bn of cash to shareholders. Between 29 February 2024 and 9 May 2024, 3.7m ordinary shares listed on the New York Stock Exchange were repurchased. This brings the total cash returned to shareholders under the ongoing share buyback programme to US$7.6bn since it began in May 2018. CRH has also announced that it has entered into an arrangement with HSBC Securities (USA) Inc to repurchase ordin... |
Carbon mineralisation: the next step in decarbonisation10 May 2024, Published under Cement NewsAs the cement and concrete industry grapples with government regulations and growing demand for greener materials, carbon mineralisation is the next logical step toward a decarbonised sector. By CarbonCure Technologies, USA A ready-mix concrete plant retrofitted with a CarbonCure carbon mineralisation system (© CarbonCure Technologies) T he concrete and cement industry has been applying carbon reduction best practices and technologies for some time. However, today’s most w... |
CRH continues to invest in Ukraine08 May 2024, Published under Cement NewsCRH has invested a total of US$80m in Ukraine since the start of the Russia-Ukraine conflict, according to Guillaume Cavalier, president of CRH in Central and Eastern Europe. This brings the company’s investment in Ukraine over its 25-year history in the country to over US$500m, reports bne IntelliNews. “Investing in the expansion of production now is crucial to ensure the potential growth of the Ukrainian cement market following its integration into the EU,” Cavalier remarked, highli... |
Vulcan Materials posts fall in revenues in 1Q2408 May 2024, Published under Cement NewsUS-based Vulcan Materials has reported total revenue of US$1546m in the first quarter of 2024, down from US$1649m in the same period a year earlier. Gross profit in the 1Q came in at US$305m (1Q23: US$302m) while adjusted EBITDA stood at US$323m (1Q23: US$338m). Commenting on the results, Tom Hill, Vulcan Materials' chairman and CEO, said, "Our teams' solid execution helped us overcome challenging weather conditions throughout much of the first quarter. Margins expanded despite lowe... |
Accelerating decarbonisation at Holcim Ste Genevieve07 May 2024, Published under Cement NewsIn support of its commitment to sustainably supply the growing construction industry, Holcim US has embarked on a major expansion of its iconic Ste Genevieve plant, the largest cement-producing facility in North America. The US$100m capital investment will boost production capacity by more than 600,000tpa while reducing net CO 2 emissions, increasing circularity and accelerating decarbonisation across the built environment. By Taher Ismail, Holcim US Cement, USA To accelerate decar... |
Holcim US scoops slag cement award02 May 2024, Published under Cement NewsHolcim US has been recognised by the Slag Cement Association (SCA) as a winner in the 2023 Slag Cement in Sustainable Concrete Awards. The company was honoured in the Innovation Applications category at an awards ceremony held in conjunction with the Spring American Concrete Institute Convention in New Orleans. Holcim US secured the win by showcasing its project at the Duck Lake Country Club, Albion, Michigan. The project revived the club’s distressed, asphalt parking lot by topping it... |
Waiting for the sunshine01 May 2024, Published under Cement NewsThe US Northern Rockies region has seen cement demand growth slow following the post-pandemic rebound. As the country awaits the outcome of the presidential elections, it looks to the Biden administration’s infrastructure investment and a drop in interest rates to accelerate growth in cement consumption. By Rob Roy, ROI Economic Consulting, USA Cement demand in the US Northern Rockies saw a cooling in 2022-23, but the market is expected to warm up in 2024. Pictured: Ash Grove Cem... |
Achieving carbon neutrality01 May 2024, Published under Cement NewsMike Ireland, president and CEO of Portland Cement Association (PCA), has embarked on a nationwide tour of PCA member company plants, sitting down with CEOs, plant managers and other personnel to discuss efforts to bring the cement industry to carbon neutrality.In this interview, Mike talks with Massimo Toso, CEO and president of Buzzi Unicem USA and chairman of PCA’s Board of Directors, at Buzzi’s Alamo Cement Plant in San Antonio, Texas. By Mike Ireland, PCA, USA. Massimo Toso, CE... |
66th IEEE-IAS/PCA 2024 achieves record attendance in Denver01 May 2024, Published under Cement NewsThe 66 th IEEE-IAS/PCA Cement Conference and Exhibition in Denver, Colorado, USA, announced a record attendance of 1200 delegates, as the technical sessions began on 30 April 2024. Brian Keefe, Bridge Gap Engineering’s managing director, opened the technical sessions and thanked the team of 61 volunteers that made up the organising committee for this year’s event. The record attendance was supported by a strong international representation with delegates attending from 25 countries and a... |
The catalyst for US carbon capture: the call for policies30 April 2024, Published under Cement NewsUS cement manufacturers are urging the US government to pass realistic, feasible policies to reach carbon neutrality. Rick Bohan, the PCA’s lead on development and implementation of the industry’s Roadmap to Carbon Neutrality, sets out their stall. By Rick Bohan, PCA, USA. The US cement industry is calling on state and federal legislators to collaborate to create a legal framework that will support the sector in its decarbonisation drive There has never been an easy route t... |