Cement News tagged under: usa
US building materials groups report strong 1Q2417 May 2024, Published under Cement NewsCemNet has a look across the pond at how three US building materials companies have fared in the 1Q24. While results were stronger than expected in the 1Q24 for several cement producers in America, the task will be to capitalise on that during the rest of this year. Titan America, Summit Materials Inc and CRH have all steered their strategies to maximising US revenues and the benefits are starting to show. Titan gears up for IPO Titan Cement International announced this week that it ... |
CEMEX signs solar agreement for Clinchfield plant15 May 2024, Published under Cement NewsCEMEX USA has entered into an off-site renewable energy agreement with Georgia Power for its Clinchfield cement plant as part of its ongoing decarbonisation drive. Through this long-term agreement the Clinchfield plant will secure approximately 25 per cent of its power requirements from solar facilities throughout the state beginning in 2025, reports PR Newswire. “Embracing solar power not only accelerates our own aggressive sustainability goals but also sets a powerful example for ... |
Alkali attack as refractory wear mechanism13 May 2024, Published under Cement NewsThe increasing use of alternative fuels in cement production has led to increased wear on kiln refractories. Infiltration of sulphur oxides, alkali sulphates, and chlorides require more frequent attention to the state of the refractory to ensure continued safe operation of the kiln line. By Larry Morley, HWI - a member of Calderys, USA W hile alternative fuels in cement manufacturing offer significant advantages, including cost savings and reductions in carbon emissions, they also presen... |
Titan America to be listed in US equity market13 May 2024, Published under Cement NewsTitan Cement International has announced its intention to proceed with the IPO of its US business ( Titan America ), with the aim of raising funds that will facilitate the group’s and Titan America’s future growth. Titan America, a US$1.6bn sales business, is a leading and fully integrated player in the high-growth economic regions of the US East Coast, with operations and leading market positions across Florida, the Mid-Atlantic, and Metro New York/New Jersey. According to the company... |
Cementir's 1Q24 regional market update13 May 2024, Published under Cement NewsCementir's results for the 1Q24 were overall in line with management's expectations despite the decline in revenues and EBITDA compared to the first quarter of the previous year. The company reported regional growth in Turkish cement sales and Belgian ready-mix sales. Turkey Cement sales volumes increased by 22 per cent compared to the 1Q23 in the domestic market, where the most significant growth was recorded in the Elazig and Kars regions of Eastern Anatolia, supported by post-earthq... |
CRH announces new share buyback10 May 2024, Published under Cement NewsCRH plc has completed the latest phase of its share buyback programme, returning a further US$0.3bn of cash to shareholders. Between 29 February 2024 and 9 May 2024, 3.7m ordinary shares listed on the New York Stock Exchange were repurchased. This brings the total cash returned to shareholders under the ongoing share buyback programme to US$7.6bn since it began in May 2018. CRH has also announced that it has entered into an arrangement with HSBC Securities (USA) Inc to repurchase ordin... |
Carbon mineralisation: the next step in decarbonisation10 May 2024, Published under Cement NewsAs the cement and concrete industry grapples with government regulations and growing demand for greener materials, carbon mineralisation is the next logical step toward a decarbonised sector. By CarbonCure Technologies, USA A ready-mix concrete plant retrofitted with a CarbonCure carbon mineralisation system (© CarbonCure Technologies) T he concrete and cement industry has been applying carbon reduction best practices and technologies for some time. However, today’s most w... |
Vulcan Materials posts fall in revenues in 1Q2408 May 2024, Published under Cement NewsUS-based Vulcan Materials has reported total revenue of US$1546m in the first quarter of 2024, down from US$1649m in the same period a year earlier. Gross profit in the 1Q came in at US$305m (1Q23: US$302m) while adjusted EBITDA stood at US$323m (1Q23: US$338m). Commenting on the results, Tom Hill, Vulcan Materials' chairman and CEO, said, "Our teams' solid execution helped us overcome challenging weather conditions throughout much of the first quarter. Margins expanded despite lowe... |
Accelerating decarbonisation at Holcim Ste Genevieve07 May 2024, Published under Cement NewsIn support of its commitment to sustainably supply the growing construction industry, Holcim US has embarked on a major expansion of its iconic Ste Genevieve plant, the largest cement-producing facility in North America. The US$100m capital investment will boost production capacity by more than 600,000tpa while reducing net CO 2 emissions, increasing circularity and accelerating decarbonisation across the built environment. By Taher Ismail, Holcim US Cement, USA To accelerate decar... |
IEEE-IAS/PCA breaks record attendance03 May 2024, Published under Cement NewsThe 66th IEEE-IAS/PCA Cement Conference and Exhibition 2024 reached new heights in Denver, USA, with a record 1206 attendees to the annual meeting that combined training, a conference, an exhibition and a visit to GCC’s Pueblo plant in Colorado. The 66th IEEE-IAS/PCA Cement Conference and Exhibition 2024 saw delegates from 29 countries converge on Denver, USA The 66th IEEE-IAS/PCA Cement Conference and Exhibition 2024 attracted an audience from 29 countries and representative... |