In the nine months to the end of February, Texas Industries generated at turnover 3.8% ahead at US$762.5m, while the pre-tax profit, distorted by exceptional items, declined by 14.3% to US$89.6m.
Cement price increases have been announced for Texas and California, the two markets where Texas Industries operates, and pricing in aggregates remains positive. The commissioning of the new 2.1Mta cement plant in California is on schedule to reach full production by the end of June. Changes in the product mix have led to a 1.7% decline in the average cement price achieved during the nine months to US$102.82 per tonne (US$93.28/st), while cement volume has been virtually unchanged at 3.40m tonnes (3.75m short tons). Shipments of aggregates were off by 0.8% to 14.90Mt (16.42Mst) with the average price improving by 7.1% to US$8.11/t (US$7.36/st) while the ready-mixed concrete volume rose by 7.8% to 2.22Mm³ (2.91m cubic yards) and the average price rose by 7.1%.