Cement News tagged under: Aggregates
Heracles Group set to acquire Larsinos SA07 March 2023, Published under Cement NewsHeracles Group ( Holcim group ), announces the agreement to acquire 100 per cent of Larsinos SA. This acquisition is part of Heracles Group’s growth strategy. The agreement is subject to the approval by the Greek Competition Commission. Larsinos SA is a fast-growing ready-mix concrete company with assets that include commercial plants, on-site/jobsite ready-mix concrete, aggregates and quarrying. With this acquisition, in the ready-mix concrete sector, Heracles Group expands ... |
Adbri successfully navigates challenging year03 March 2023, Published under Cement NewsAustralia-based Adbri released its 2022 financial results this week and reported a YoY revenue increase of 8.4 per cent to AUD1.7bn (US$1142m). While the building materials producer celebrated 140 years of being in business last year, it turned out to be one of the most challenging years for the company with inflationary pressures and wet weather events. However, Adbri's sustainability path progressed and it was linked to the company's Net Zero Emissions Roadmap (NZER) from May 2022, while i... |
Vulcan Materials sees revenues advance in 2022 despite poor weather17 February 2023, Published under Cement NewsVulcan Materials has announced total revenue of US$7315m in 2022, up from US$5552m in the previous year. Adjusted EBITDA came in at US$1626m in 2022, compared to US$1451m in 2021, while gross profit advanced from US$1373m in 2021 to US$1558m 12 months later. In the fourth quarter of 2022, total revenue stood at US$1732m, versus US$1606m in the 4Q21. Adjusted EBITDA fell from US$383m in the 4Q21 to US$375m in the same period a year later, while gross profit remained stable at US$350m in... |
MPA welcomes news of urgent review of UK planning policy16 February 2023, Published under Cement NewsUK producers of essential materials for infrastructure projects have welcomed news that an urgent review of national planning policy for major projects is to be carried out. UK chancellor, Jeremy Hunt, has asked the National Infrastructure Commission (NIC) to identify how the planning system could create greater certainty for infrastructure stakeholders – including the supply chain – ahead of an action plan on the UK’s Nationally Significant Infrastructure Projects (NSIPs). In its recen... |
Eagle Materials achieves record revenue27 January 2023, Published under Cement NewsEagle Materials has reported record revenue of US$511m in the third quarter of fiscal 2023 ended 31 December 2022, marking a YoY increase of 10 per cent. Record net earnings were also seen over the quarter, coming in at US$117m, up 14 per cent YoY, while net earnings per share (EPS) advanced by 26 per cent to US$3.20. Adjusted EBITDA saw growth of 14 per cent YoY to US$199m. Commenting on the results, Michael Haack, president and CEO of Eagle Materials, said, “We are pleased to announc... |
CEMEX acquires Atlantic Materials27 January 2023, Published under Cement NewsCEMEX has agreed to acquire Canada-based Atlantic Minerals Ltd, including a construction and chemical aggregates quarry and port operations. With this investment, CEMEX has secured a new long-term aggregates reserve for its extensive Florida operations and the US east coast, as well as a source of chemical-grade stone serving a broader geographic footprint, according to the company. The acquisition is expected to increase CEMEX’s aggregates reserves for the US market by approximately 20 pe... |
Holcim extends aggregates reach with US acquisition23 January 2023, Published under Cement NewsHolcim has acquired the sand and aggregates quarries of Pioneer Landscape Centers, a market leader in the fast growing metropolitan US markets of Denver, Phoenix and Colorado Springs and a major supplier of construction aggregates for the region. The transaction includes thirteen quarries and complements Holcim’s December 2022 acquisition of aggregate reserves in Greeley, Colorado. According to the company, the acquisitions will support Holcim’s growth in the region for several decades... |
MPA calls for electrification push by UK government12 January 2023, Published under Cement NewsThe Mineral Products Association (MPA) has welcomed the UK government’s announcement of the new Energy Bill Discount Scheme (EBDS), extending the Energy Bill Relief Scheme. The broad support available through the EBDS encompasses most of the products manufactured by MPA members, including aggregates, asphalt, cement, concrete and industrial minerals. However, the MPA says the proposed support may not be sufficient to maintain the competitiveness of UK manufacturing should prices return to th... |
CR Cement opens new 10Mta aggregates line23 December 2022, Published under Cement NewsProduction has begun at the new aggregates line of China Resources Cement ’s (CR Cement) subsidiary Guangxi Runhan New Materials in Guangxi Province, China. It marks the third large-scale aggregates project by CR Cement in Guangxi in the last two months following those in Shangsi and Tianyang. The 10Mta line, located in Nanning, officially commenced production on 21 December 2022 and marks an investment of CNY1.3bn (US$186m). Construction began in May 2022. The company says that the pro... |
Shangsi Cement starts up new aggregates line24 November 2022, Published under Cement NewsProduction has begun at the new aggregates line of China Resources Cement’s (CR Cement) subsidiary Shangsi Cement in Guangxi Province, China. The 5Mta project was officially completed on 19 November 2022 and marks an investment of CNY420m (US$58.7m). Construction began in February 2022 and was a collaboration between the cement company and CNBM Design and Research Institute. According to Shangsi Cement, “The successful commencement of operation of the project has further improved the cor... |