Cement News tagged under: Aggregates
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... |
France: Daniel Group to buy Lafarge quarries24 May 2016, Published under Cement NewsDaniel Group is to buy three assets of Lafarge in France. The Baudreix-Mirepeix site comprises a 200,000tpa alluvial gravel quarry and a concrete plant. The agreement will also include the acquisition of the 350,000tpa Louvie-Juzon, an open pit limestone quarry, as well as a further concrete plant. These purchases add to the offer of the construction material specialist, which aims to broaden its customer base. With these acquisitions, the Daniel group owns 19 sites, reports Aggregate Resea... |
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... |
Latest MPA report highlights 'real concerns behind declining aggregate reserves'12 February 2016, Published under Cement NewsThe Mineral Products Association's (MPA) fourth Annual Mineral Planning Survey (AMPS4), covering the period to the end of 2014, shows that although the demand for aggregates continues to recover but the findings brings into sharper focus the problems of declining reserves that were raised in previous surveys. "Unless action is taken on updating and extending the coverage of mineral plans and speeding up the planning process the construction industry will face increasing supply challenges ... |
HeidelbergCement starts new CI programme12 January 2016, Published under Cement NewsHeidelbergCement has started its Aggregates-CI programme (Continuous Improvement) to continuously optimise the operational and commercial working processes in the area of aggregates (sand, gravel and crushed rock). The new programme follows the margin improvement programme CLIMB Commercial that successfully concluded at the end of 2015. Aggregates-CI will be implemented at all of the more than 500 production sites worldwide. The process enhancements shall lead to sustainable result improveme... |
Blazing the acquisition trail14 December 2015, Published under Cement NewsNorth American construction materials company Summit Materials has been engaged in an impressive phase of expansion, enhancing its portfolio both organically and through acquisitions. Having effectively doubled its cement capacity through the recent purchase of a 1.2Msta cement plant in Davenport, Iowa, Summit Materials President and CEO, Tom Hill, speaks to ICR about the timely nature of the deal, how it fits with the company’s vertical integration model and plans for growth. Followi... |
Hope Construction Materials signs transport services contract with DB Schenker Rail UK06 November 2015, Published under Cement NewsHope Construction Materials and DB Schenker Rail UK have have signed a five-year partnership contract for transport services. The agreement covers the transport of aggregates from the quarry at Dowlow near Buxton in the UK to 10 locations across Britain. In 2015 a new depot was opened in Walsall, West Midlands, with further depots planned to open during the contract. Coal is also conveyed twice per week from South Wales to the cement plant in Hope. The locomotive naming ceremony w... |
Polish competition watchdog approves proposed Gorazdze acquisitions on condition20 October 2015, Published under Cement NewsThe Polish Competition and Consumer Protection Office (UOKiK) has approved the acquisition of Duda Kruszywa and Duda Beton by Gorazdze Cement on condition that Gorazdze sells the concrete unit in Olszowa to avoid limiting market competition. Both Duda Kruszywa, which is an aggregate producer, and Duda Beton, a producer of ready-mixed concrete, are currently owned by the Opole-based firm JD. |
Martin Marietta sees higher building volumes05 August 2015, Published under Cement NewsMartin Marietta Materials, one of the top five US aggregates producers, has announced a first-half turnover 46.9 per cent ahead at US$1612.7m, thanks to the initial consolidation of TXI, formerly Texas Industries, and the EBITDA rose by 71.6 per cent to US$303.2m. The trading profit jumped by 102.5 per cent to US$162.5m and after a net interest charge that was 53 per cent higher at US$38.4m and other items, the pre-tax profit emerged at US$126.3m compared with US$52m and the net attribut... |