Cement News tagged under: USA
Argos' adjusted EBITDA totals COP672bn in 4Q2322 February 2024, Published under Cement NewsFor the fourth quarter of 2023, Argos ' adjusted EBITDA stood at COP676bn (US$172.2m), increasing 12 per cent compared to 4Q22. The results were driven by strong pricing dynamics, especially in the US, combined with cost efficiencies in both Colombia and the US. Adjusted EBITDA margin stood at 23.2 per cent for the quarter, increasing 393 basis points versus 2022 on a comparable basis. In terms of volumes, total cement dispatches reached 3.8Mt, with a contraction of 2.3 per cent, caus... |
Electrified Thermal Solutions secures US$5M decarbonisation funding19 February 2024, Published under Cement NewsIn late January, the US Department of Energy (DOE) announced a US$171m investment, funding 49 projects across 21 states to help cut industrial greenhouse gas (GHG) emissions. Electrified Thermal Solutions (ETS), along with industrial partners 3M, Buzzi Unicem USA and Army’s Kitchen , were among the recipients of the award to decarbonise industrial heat in manufacturing, cement, food, chemicals and other sectors. ETS will use the cost matching funds from the grant to build and operate t... |
Summit reports 10% revenue advance in 202316 February 2024, Published under Cement NewsSummit Materials has announced a 19.8 per cent YoY increase in net revenue to US$613.1m in the fourth quarter of 2023. Adjusted EBITDA over the same period advanced by 14.5 per cent to US$136.5m. The three-month period saw its aggregates business report a 5.7 per cent YoY increase in sales volumes, while cement sales volumes declined 11.1 per cent. Ready-mixed concrete volumes were up 14.8 per cent YoY in the 4Q23, while asphalt volumes advanced by 34.7 per cent. For 2023 as a whole, t... |
US and Puerto Rican market expands 3% in November15 February 2024, Published under Cement NewsTotal cement dispatches of Portland and blended cement in the USA and Puerto Rico, including imports, picked up by 2.6 per cent YoY to 8.7Mt in November 2023, according to the US Geological Survey (USGS). Of the total blended volume reported, 4.8Mt, or 99 per cent, was estimated to be Portland limestone cement. The leading markets in the US were Texas, California, Florida, Ohio and Georgia. The leading producing states for Portland and blended cement were Teas, Missouri, California, Florida ... |
Medcem announces terminal partnerships in UK15 February 2024, Published under Cement NewsTurkey’s Medcem has announced a partnership with Brett Concrete, one of the largest independent concrete companies in the UK, to establish a terminal at Sheerness Port in Kent, UK. The terminal, which will have a storage capacity of 80,000t, is expected to be operational by July 2024. According to Medcem, the new facility will handle various cementitious products, primarily dry ash. Medcem also has another terminal investment underway in the UK, following its partnership with two indep... |
CalPortland launches dedicated Carbon Reduction Team14 February 2024, Published under Cement NewsCalPortland has announced the creation of a Carbon Reduction Team focussed on research and development and the implementation of decarbonisation projects. The team will be led by Hamed Maraghechi, vice president of Research & Development and Decarbonisation at CalPortland, and Hartmut Riess, vice president of Carbon Reduction Implementation. According to the company, the team will be dedicated to science-driven research and analysis to develop projects that lead to meaningful and innov... |
Sublime Systems wins award to advance electrolyser technology14 February 2024, Published under Cement NewsUS-based Sublime Systems has been awarded US$6.7m from the Department of Energy Industrial Efficiency and Decabonization Office to advance its innovative electrolyser technology. The company claims to have found a way to make cement that eliminates 90 per cent of the carbon emissions associated with making ordinary cement. Sublime Systems was one of 49 projects selected to receive US$171m in funding from the Industrial Efficiency and Decarbonization Office. The company’s project that ... |
US DoT announces funding for slag in cement research13 February 2024, Published under Cement NewsThe US Department of Transportation (DoT) has announced a US$5m funding opportunity for a research initiative on the use of steel slag in cement and concrete. The funding will support a partnership between the US DoT, in conjunction with a producer of steel in the US, and an accredited research university of higher education to reduce carbon emissions associated with extracting and manufacturing construction materials. At this year’s Transportation Research Board Annual Meeting, US Tr... |
CRH completes Hunter plant and Texan ready-mix acquisitions13 February 2024, Published under Cement NewsCRH has completed the US$2.1bn acquisition of Martin Marietta Materials Inc in Texas, USA. The deal was first announced on 21 November 2023 and the combined assets are expected to generate a pro-forma EBITDA of around US$170m for 2023. The acquisition includes the 2.1Mta Hunter cement plant, 20 ready-mix assets with a capacity of 1.6Mm 3 and a network of terminals along the Eastern Gulf Coast of Texas. |
Monarch Cement embarks on groundbreaking solar project06 February 2024, Published under Cement NewsUS-based Monarch Cement Co and Evergy Energy Solutions are collaborating on a groundbreaking solar project that is expected to serve as a model for the cement industry’s use of renewable energy. With the capacity to generate 20MW of clean electricity, the project is designed to offset a significant portion of Monarch’s energy consumption, reducing greenhouse gas emissions. The solar project, which will be located on Monarch’s property in Humboldt, Kansas, will pair state-of-the-art sol... |