Texas Industries sells Houston-area plant

Texas Industries sells Houston-area plant
Published: 01 June 2006

Cement producer Texas Industries Inc. said on Wednesday it sold the site of its Houston-area expanded shale and clay plant. TXI said it will continue to serve the Houston area from the current plant for the next two years, but then will shift production to its facility near Streetman, Texas. The transaction will increase pretax income by $19 million for the quarter ended on Wednesday, TXI said.