Cement News tagged under: Essroc Cement Corporation
HeidelbergCement completes sale of US assets to Cementos Argos01 December 2016, Published under Cement NewsHeidelbergCement has completed the US$660m sale of the Martinsburg cement plant and eight terminals to Cementos Argos. HeidelbergCement had been required to sell the West Virginia plant to comply with regulators following the acquisition of Italcementi. It is expected that the company will use the proceeds of the sale to pay down some of debt it took on to finance the acquisition process. “With the disposal of the US assets we fulfil the obligation of the FTC and improve the net financ... |
USA: public asked for their comments on Martinsburg plant's future27 September 2016, Published under Cement NewsFederal regulators are seeking public opinion on one aspect of the pending US$4.2bn merger between HeidelbergCement and Italcementi that will include a change in ownership for Essroc Cement Corp and the Martinsburg cement plant, West Virginia. The Federal Trade Commission (FTC) have raised concenrs about the likelihood that the sale of the Martinsburg cement plant to Argos USA LLC for US$660m would likely harm competition in five US markets - Indianapolis, Baltimore-Washington, DC, Syracus... |
USA: Martinsburg plant sale to reduce HeidelbergCement's debt funding12 September 2016, Published under Cement NewsThe gap to repay a EUR2.7bn bridge facility that supports HeidelbergCement's purchase of Italcementi is set to close, once the HeidelbergCement cashes in the sale of its Martinsburg cement plant. On 8 September HeidelbergCement sealed an agreement to sell Essroc's plant in West Virginia to Colombian cement producer Cementos Argos for EUR580m. This follows HeidelbergCement's acquisition of Italmobiliare in July for EUR6bn. Talking on the sale of Martinsburg, analysts from Moody said:... |
USA: Essroc's Speed plant has AF setback19 August 2016, Published under Cement NewsEssroc's Speed cement plant, in southern Indiana, USA, has been informed by Clark County officials have decided that it will have to apply for rezoning to obtain a permit for burning hazardous waste for fuel. The Clark County Board of Zoning Appeals chose to uphold a letter that deemed an earlier decision to allow the Essroc to burn alternative fuel as void. County officials said the company has to seek a zoning change or a variance to be classified as a hazardous waste zone. Jeremy Bla... |
HeidelbergCement to sell US assets to Cementos Argos in US$660m deal18 August 2016, Published under Cement NewsHeidelbergCement has agreed to sell its plant in Martinsburg (WV), USA, and eight terminals to Cementos Argos for US$660m. The deal is subject to regulatory approval, but the Federal Trade Commission had ordered the disposal as a result of the Italcementi acquisition. HeidelbergCement said that it expected the transaction to be completed in the fourth quarter of 2016. The deal involves the disposal of the company's Lehigh and Essroc subsidiaries. Dr Bernd Scheifele, chairman of the Man... |
US: HeidelbergCement moves closer to acquiring Essroc17 August 2016, Published under Cement NewsHeidelbergCement AG and its Italian rival Italcementi SpA, the owner of Nazaerth-area Essroc operations have agreed to divest certain assets to settle the Federal Trade Commission's charge that the proposed US$4.2bn merger would likely harm US competition. The deal is not expected to affect area cement-making operations, officials from both companies said to The Morning Call on Tuesday. HeidelbergCement owns Lehigh Hanson Inc, which is based in Irving, Texas, while Italcementi owns Essroc ... |
North America: Lehigh Hanson and Essroc closer to integration10 May 2016, Published under Cement NewsIntegration of Lehigh Hanson and Essroc Cement is one step closer, with a scheduled mid-summer closing, as reported by Aggregate Research. With the merger of HeidelbergCement and Italcementi, the amalgamation of two of the US cement subsidiaries is moving ever closer. Shareholders of both firms were informed of Competition Bureau of Canada approval, as well as the forthcoming US Federal Trade Commission clearance of a combined Lehigh Hanson and Essroc Cement business, at the recent Heidelbe... |
USA: Essroc cited for 10 health violations04 May 2016, Published under Cement NewsThe US Department of Labor's Occupational Safety and Health Administration (OSHA) cited through its Cleveland Area Office Essroc Cement Corporation for one repeated and 10 serious safety and health violations, reported OSHA. The cement producer, part of the Italcementi Group, now faces US$92,000 in federal fines for alleged hazards at its Middlebranch facility, according to OSHA. Workers at the facility were allegedly exposed to machine, noise and respiratory hazards, OSHA stated. The... |
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... |
USA: Essroc’s Energy Star cement plants09 December 2015, Published under Cement NewsEssroc’s Martinsburg and Nazareth cement operations, have for the second year in a row, earned the US Environmental Protection Agency’s (EPA’s) ENERGY STAR certification. This endorsement signifies that the industrial facilities perform in the top 25 per cent of similar facilities nationwide for energy efficiency and meets strict performance levels set by the EPA. “Essroc is pleased to accept EPA’s ENERGY STAR certification in recognition of our energy efficiency efforts,” said Jean-Paul ... |