Cement News tagged under: Texas Industries
Texas Industries fourth-quarter net profit declines, sales rise11 July 2013, Published under Cement NewsTexas Industries Inc reported that its fourth-quarter net income declined to US$44.14m as the prior-year results included a higher gain from asset sales. However, the company benefitted from continuing recovery in major markets and from the commissioning of new cement capacity and ready-mix acquisitions in Texas. Net income declined to US$44.14m from US$60.21m in the same quarter last year. The latest results included income net of tax from discontinued operations of US$28.5m. The comp... |
Texas Industries announces new chairman of the board, USA19 June 2013, Published under Cement NewsTexas Industries, Inc announced that its Board of Directors has named Tom Ransdell as its Chairman of the Board following the untimely death of Bob Rogers on 11 June 2013. Mr Rogers was the son of the founder of TXI, Ralph Rogers, and was CEO of the company from 1970 until 2004 when he retired. From 2004 until June 11, 2013 he served as Chairman of the Board of TXI. "His foresight to encourage and nurture innovation, creativity and employee empowerment laid a strong foundation that will a... |
Texas Industries achieves operational status of new kiln line, USA21 May 2013, Published under Cement NewsTexas Industries Inc announced today that its Texas subsidiary has achieved operational status of its second kiln at its Hunter cement plant, near New Braunfels, Texas. Following a successful commissioning process which began in November of 2012, the 1.4Mta state-of-the art kiln line has realised its design performance capabilities and is producing efficiently, the company announced in a statement. The company also announced that it will accelerate maintenance and upgrade projects on the ... |
Texas Industries third-quarter loss narrows, USA28 March 2013, Published under Cement NewsTexas Industries, Inc reported a net loss of US$5.8m for the third quarter ending 28 February 2013 compared to a net loss of US$24.3m in the same period a year before. “Construction activity in Texas and California continued to improve this quarter,” stated Mel Brekhus, Chief Executive Officer. “Gross profit increased US$14.2m on increased sales of US$19.5m. This increase in profitability primarily reflects the benefits of increased shipments in reducing unit costs, and success in increas... |
Texas Industries increases volumes, USA10 January 2013, Published under Cement NewsDuring the first half of its financial year (to the end of November), Texas Industries increased volumes and reduced losses and is on schedule to complete commissioning of its new kiln line this spring. The company's turnover rose by 9.1 per cent to US$342.2m. The interest charges declined by 16.7 per cent to US$15.3m and the pre-tax loss was reduced by 41.6 per cent to US$18.4m. The corporate activities incurred a loss 69.6 per cent higher at US$20.9m. Even after a reduced tax credit, t... |
TXI Midlothian Plant Earns EPA Energy Star Award, USA24 October 2012, Published under Cement NewsTXI Operations, LP, a subsidiary of Texas Industries, Inc announced today that its Midlothian Cement Plant has been awarded the 2012 Energy Star® certification for superior energy performance by the United States Environmental Protection Agency (EPA). The award places the TXI Midlothian Cement Plant in an exceptional category of high-performing, energy efficient cement plants in the US, based on the EPA's strict energy efficiency performance levels through the National Energy Performance ... |
Texas Industries reduces quarterly net loss, USA28 September 2012, Published under Cement NewsTexas Industries, Inc reported a net loss of US$2.7m for the quarter ended 31 August 2012, against a loss of US$7.4m in the same period of last year as shipments and pricing improve. "Though not back to pre-recession levels, our results reflect improvement in our markets," stated Mel Brekhus, Chief Executive Officer. "Shipments are up, pricing is improving and we are seeing the benefits of our margin enhancement initiatives." "I am looking forward to beginning the commissioning of our ne... |
Texas Industries asks Commerce to probe Greece, Republic of Korea imports28 August 2012, Published under Cement NewsTexas Industries, through its subsidiary TXI Operations, submitted a letter on 24 August 2012 to the Department of Commerce and the Interagency Trade Enforcement Center, asking that Commerce self-initiate anti-dumping and countervailing duty investigations of "unfairly priced" Portland cement from Greece and the Republic of Korea into the Texas region, USA. TXI believes that imports from Greece and Korea are being sold at less than fair value (ie, dumped) and benefit from government subsid... |
Texas Industries returns to full-year profit12 July 2012, Published under Cement NewsTexas Industries' turnover increased by 4.1% to US$647m in the financial year to the end of May, and the EBITDA jumped from US$13.2m to US$33.6m. After an interest charge 26.8% lower at US$34.4m, the running loss dropped from US$34.4m to US$1.2m and a the pre-tax profit of US$8.5m was achieved, compared with a US$106.8m loss in the previous accounting year. Net debt at the end of May was 6.4% higher at US$570.1m giving a gearing level 6.0% higher at 81.7%. "The pace and magnitude of ... |
TXI appoints three additional directors12 July 2012, Published under Cement NewsTexas Industries, Inc announced the addition of Sean Foley, Bernard Lanigan and Tom Ryan to its Board of Directors. "We are delighted to have found directors of the quality and experience of Sean, Bernie, and Tom to join TXI," stated Bob Rogers, Chairman of the Board. "Given the improvement in construction activity, the near completion of additional cement capacity, the high quality of the Company's assets and the markets we participate in, this should be an exciting time for them to be a p... |