Cement News tagged under: North America
Dragon Products to stop Rockland rail terminal shipments20 August 2021, Published under Cement NewsFrom next year, USA-based Dragon Products plans to stop shipping cement along the Rockland South End rail line in favour of selling cement from the plant in trucks and shipping cement by rail directly to its customers. The cement plant currently sends rail cars about five miles on the line from the Thomaston plant to its dock on Rockland’s South End waterfront in Maine, where a barge is then filled and product is shipped to the Boston market. Next year, the rail cars will no longer be ... |
PCA outlines regional US cement consumption growth trends for 2021-2319 August 2021, Published under Cement NewsThe PCA's Market Intelligence team has released its latest US regional cement consumption forecasts from its June 2021 economic update, which did not take into account the possible passing of an Infrastructure Bill. The country's western territory consists of the Rocky Mountains (RM) and the Pacific Region (PR). The RM led the US in cement consumption in 2020 with a growth of 11.5 per cent, whereas the PR only managed 0.1 per cent growth, with California managing 2.2 per cent grow... |
Solidia Technologies appoints new CTO18 August 2021, Published under Cement NewsSolidia Technologies ® has named Russel Hill PhD as its new Chief Technology Officer. Mr Hill joins Solidia after 25 years with Boral, where he most recently served as Group Chief Innovation Officer. "Russell Hill brings a rare wealth of expertise and experience, and we are thrilled to add him to Solidia’s roster of talent," said CEO Bryan Kalbfleish."Russell's leadership will be invaluable as we fulfill Solidia’s mission to deliver the next generation of sustainable construction mat... |
Green Cement Inc appoints new CEO17 August 2021, Published under Cement NewsUSA-based Green Cement Inc has appointed Grant Quasha as its CEO, as the company embarks on an international expansion drive. Mr Quasha succeeds John T Preston, who will remain chairman of the board. Previously, Mr Quasha served as CEO and managing director of Paringa Resources, a junior mining company, and chief commercial officer of Wolverine Fuels. The company has been developing its PozzoSlag product as a low-carbon substitute for ordinary Portland cement and is now looking to expa... |
Argos North America Corp signs ESG-linked loan16 August 2021, Published under Cement NewsArgos North America Corp (Grupo Argos) entered into a new loan for US$300m, in which the interest rate is linked to CO 2 emission reduction indicators and an increase in the share of women in leadership positions. Grupo Argos continues to demonstrate its concrete commitment in implementing positive Environmental Social Governance (ESG) practices with this initiative. Cementos Argos SA and Argos USA LLC will act as guarantors in this operation. The financial entities with which the... |
Climbing regional cement shipments for Argos in the 1H2113 August 2021, Published under Cement NewsArgos announced its 1H21 results this week with regional cement shipments climbing in the USA and in the Caribbean and Latin America. In the USA cement volumes saw a solid increase of 5.7 per cent, because of the positive market dynamics in the country. Concrete volumes, on the other hand, fell 10.1 per cent with different behaviours throughout the territory and strongly affected by the intense rains, especially in Houston and Dallas. Group revenues in the US during the semester re... |
Votorantim Cimentos sees regional sales pick-up in 2Q2112 August 2021, Published under Cement NewsVotorantim Cimentos recorded strong sales in all operating regions in the 2Q21. Price rises and reduced restrictions from the pandemic aided beter results than in the same period last year. In Brazil Votorantim Cimentos recorded a net revenue of BRL2565m (US$494.2m) in the 2Q21, up 46 per cent from BRL1760 in the 2Q20. Adjusted EBITDA grew by 167 per cent in 2Q21 in Brazil at BRL659m compared to BRL247m in the 2Q20. "Brazil has seen 30 per cent increase in cement demand YoY,” said Osvald... |
Cross Carbon Ventures targets carbon capture in heavy industries10 August 2021, Published under Cement NewsSvante Inc, Cross River Infrastructure Partners LLC and OTS Ltd, have entered into a commercial Memorandum of Understanding (MoU) that establishes Cross Carbon Ventures (CCV), an independent carbon capture development partnership. CCV will explore commercial opportunities in North America to develop, build, own and operate carbon capture projects for carbon intensive industries seeking to decarbonise their operations. CCV will leverage Svante’s innovative technology to capture carb... |
Cemex set to reach its 2021 EBITDA guidance of US$3.1bn02 August 2021, Published under Cement NewsAfter Cemex reported strong 2Q21 results and reiterating US$3.1bn EBITDA guidance for 2021, market analysts UBS state that it has confidence that the company will reach its 2021 EBITDA guidance of US$3.1bn. This was the company's strongest financial performance in the last decade. In Mexico Cemex recorded positive results in the 2Q21 mainly on the back of strong volumes and prices. Net sales in Mexico increased 65 per cent YoY and EBITDA expanded 82 per cent YoY, driven by bagged cement... |
Eagle Materials reports cement revenues up 3% in 1QFY2230 July 2021, Published under Cement NewsEagle Materials Inc's financial results for the first quarter of FY22, ended 30 June 2021 saw revenue in the Heavy Materials sector, which includes cement, concrete and aggregates, joint venture and intersegment cement revenue, reach US$315m, a three per cent YoY improvement. Heavy Materials operating earnings also increased three per cent to US$67.9m primarily because of improved cement sales prices. Cement revenue, including Joint Venture and intersegment revenue, was up three per cen... |