Cement News tagged under: St Marys Cement
Votorantim prices St Marys Cement Inc debt security notes for environmental performance03 April 2024, Published under Cement NewsVotorantim Cimentos SA has informed the general market that it has priced an offering in the international market of debt securities issued by its subsidiary St Marys Cement Inc , Canada of US$500m with 5.896 per cent yield per annum and 5.75 per cent coupon per annum. The yield will be payable semi-annually on the second day of April and October of each year, starting from 2 October 2024, and maturing on 2 April 2034. The Notes will have an environmental performance indicator (KPI)... |
The quest for carbon neutrality30 October 2023, Published under Cement NewsThe cement industry will only be able to achieve its aspirations to reduce carbon emissions and address climate change by executing several strategies simultaneously. Resha Watkins, president, aggregates and sustainability, Votorantim Cimentos North America, explains the main levers of a multi-faceted approach and outlines how Votorantim Cimentos and St Marys Cement works are working to advance sustainability in the region. By Resha Watkins, Votorantim Cimentos North America. Votorant... |
St Marys Cement seeks low CO2 fuel switch19 November 2021, Published under Cement NewsSt Marys Cement (Votorantim group) intends to apply to Ontario's provincial government to use a different fuel mix at its St Marys Cement plant, Canada. The company wants to use alternative low-carbon fuels (ALCF) to supplement the regular fuel mix of coal, natural gas and petcoke. The ALCF's "typically include wood and paper or plastics that cannot be recycled and are not odorous to partially offset an amount of traditional fuels,” said St Marys Cement. Ruben Plaza, t he plant'... |
St Marys Cement Bowmanville plant is to install a new wet scrubber07 April 2021, Published under Cement NewsThe commissioning of a new wet scrubber at St Marys Cement plant in Bowmanville is expected to result in a significant decrease in emissions. This is the first wet scrubber installed at a cement plant in Canada. The water injection technology washes out and scrubs pollutants from the outlet airstream of the plant. St Marys Cement Plant Operations Manager, Jim Storey, stated: "This US$25m investment in technology to improve the plant's environmental performance has proven to be effe... |
Votorantim and McInnis to combine Canadian operations11 December 2020, Published under Cement NewsSt Marys Cement Inc (Canada), a wholly-owned subsidiary of Votorantim Cimentos, and McInnis Cement Inc announced that they will combine their assets to create a combined entity to manufacture, distribute and sell cement in Canada and the USA. The joint venture will be owned by Votorantim Cimentos International (VCI), the international investments platform and wholly-owned subsidiary of Votorantim Cimentos SA, the sixth-largest cement producer in the world, and Caisse de dépôt et placement du... |
Votorantim sells Canadian quarry to Sunrock Group12 May 2020, Published under Cement NewsVotorantim Cimentos' North American business unit, St Mary's Cement, has sold an existing quarry with 1400 acres of high-quality aggregate reserves located in Burnt River, Ontario, Canada, to The Sunrock Group, a privately-held construction materials supplier headquartered in Raleigh, NC, USA. According to Bryan Pfohl, the Sunrock Group’s chairman and CEO: "The Sunrock Group is looking forward to building a strong Canadian company in the Greater Toronto Area that is poised to supply high qu... |
Moody's changes outlook for Votorantim Cimentos31 March 2020, Published under Cement NewsThe outlook for Brazil’s Votorantim Cimentos has been downgraded from positive to negative by Moody’s Investors Service. However, the Ba1 rating for the company has been affirmed. The credit ratings agency has also downgraded the outlook for Votorantim Cimentos’ subsidiary St Marys Cement to negative from positive. |
Closing in on Canada’s carbon02 December 2019, Published under Cement NewsCanada has a well-established cement market and is home to several leading multinationals who dominate the sector. The main concerns of the industry are becoming more focussed on stricter environmental compliance with CO 2 taxes being implemented and more efficient grinding to improve plant performance. Canadian cement consumption is forecast to reach 9.4Mt in 2019 and is particularly high in metropolitan areas such as Edmonton, Alberta The recent Canadian elections on 21 Oc... |
St Marys Cement halts production at Dixon plant22 December 2017, Published under Cement NewsSt Marys Cement has suspended operations at its plant in Dixon, Illinois, reports SaukValley. The plant currently employs 62 workers and the decision is expected to result in 41 job losses. The plant will stop manufacturing cement but continue the grinding process until the inventory is fully depleted, which is likely to be next summer. The decision arrived after the plant was noted to be at a transportation disadvantage. The company’s five other cement plants are ideally located to take ... |
United States: St Marys Cement Detroit plant releases dust08 March 2017, Published under Cement NewsResidents living near St Marys Cement’s Detroit plant have complained of releases of dust by the plant, according to reports in the local press. News website Local 4 details the case of a family living opposite the plant whose car was coated in material that proved difficult to remove. A statement released by the plant, which is owned by a subsidiary of Votorantim Cimentos, said that: “the timing did correspond with a period of time when dust was released during the course of performin... |