Cement News tagged under: North America
Summit Materials announces 2Q results and new CEO22 July 2020, Published under Cement NewsUS-based Summit Materials saw a 24.5 per cent rise in operating income for the second quarter of 2020 to US$100.1m from US$80.4m in the year-ago period. Adjusted EBITDA also advanced 14.1 per cent YoY to US$160.2m from US$140.5m. Cement sales volumes declined 6.3 per cent YoY in the 2Q20, while prices were up 1.2 per cent. "Despite economic uncertainty, Summit experienced resilient demand and favourable weather conditions, particularly in Utah and Kansas, which led to record 2Q net reven... |
Cemex Ventures to recycle plastic to produce concrete and aggregates via Arqlite01 July 2020, Published under Cement NewsCemex Ventures is investing in US-based Arqlite SPC, a start-up that produces light recycled aggregates from plastic waste. The product benefits from a low CO 2 footprint and a greater durability for drainage, precast and lightweight concrete systems for non-structural use. Arqlite SPC began its research and development process in Argentina in 2016. It has developed an innovative technology that allows most of the plastic waste to be recycled instead of disposal at a landfill or polluting... |
Eagle Materials posts record revenue in FY19-2004 June 2020, Published under Cement NewsUS-based Eagle Materials has reported a record revenue of US$1.45bn in the FY19-20, up four per cent from US$1.39bn in the previous fiscal year. Net earnings climbed three per cent YoY to US$70.89m from US$68.86m, while adjusted EBITDA edged up one per cent to US$471.5m. The company posted record revenue of US$315.4m in the final quarter of FY19-20, up 11 per cent from US$284.7m in the 4QFY19-20. Adjusted EBITDA increased 14 per cent YoY to US$103.4m. "Having achieved record results in fis... |
Canadian Cement Association and producers call on President to up infrastructure spending02 June 2020, Published under Cement NewsCanada's cement companies and the Cement Association of Canada (CAC) have written to Prime Minister Justin Trudeau as well as federal ministers to plead for federal government to prioritise construction and strategic infrastructure spending. The letter signed by executives from St Marys Cement, Lafarge Canada, CRH Canada Group, Lehigh Hanson Materials Canada, McInnis Cement and CAC contains a seven point declaration, as follows: • put the construction sector at the core of the COVID-19 Ec... |
FLSmidth to supply OK mill to CalPortland's Mojave plant27 May 2020, Published under Cement NewsCalPortland has awarded a supply contract to FLSmidth for its Mojave raw mill project. The scope of supply includes engineering, equipment and installation of a new OK 48-4 raw mill with a condition monitoring system and an ECS/ProcessExpert system. "The new OK Raw Mill from FLSmidth will increase reliability and efficiency at our Mojave plant," says Bruce E Shafer, senior vice president for cement operations at CalPortland. "This mill is a natural choice to continue on the sustainable jour... |
Votorantim Cimentos sees net revenue up 9% in 1Q2022 May 2020, Published under Cement NewsVotorantim Cimentos' financial statement for the period ended 31 March 2020 reported net revenue up nine per cent to BRL2747m (US$494.6m) from BRL2524m in the 1Q19, while adjusted EBITDA fell to BRL232m from BRL586m in the 1Q19. Group cement volumes declined slightly to 6.3Mt from 6.4Mt in the year-ago period. Net revenues in Brazil in 1Q20 rose to BRL1563m from BRL1536m in 1Q19. Positive market dynamics were seen before the outbreak of COVID-19 in March. However, the expansion project at ... |
LafargeHolcim strengthens partnership with Solidia Technologies21 May 2020, Published under Cement NewsLafargeHolcim has strengthened its partnership with Solidia Technologies to reduce CO 2 across its value chain. With this announcement the collaboration with the US-based cement and concrete technology company, which began in 2013, is formally agreed until 2025, with an option to extend. Together the two companies' solutions not only emit up to 30 per cent less CO 2 during cement production, they also capture and store CO 2 , leading to a 70 per cent carbon reduced concrete. Together wit... |
Titan successfully navigates pandemic in first quarter15 May 2020, Published under Cement NewsThis week Titan Group released its 1Q2020 business results which saw the group's revenues rise by 6.1 per cent to EUR384.8m , compared to 1Q19. ICR looks a little closer now at how the group's operations have been performing. Dimitris Papalexopoulos, chairman of the group, said: "The Group successfully navigated the first phase of the [COVID-19] crisis. Since the first emergence of the pandemic which appeared in our countries of operation in early to mid-March, our first focus has been to... |
Titan Group sees 6% revenue increase in 1Q2014 May 2020, Published under Cement NewsBased on robust US demand and resilience of markets in the eastern Mediterranean, Titan Group's consolidated revenue increased in the 1Q20 by 6.1 per cent, reaching EUR384.8m, despite the slowdown of business due to COVID-19 since mid-March. EBITDA declined by EUR3.7m, or 8.5 per cent YoY, reaching EUR40.6m, mainly due to the advanced costs of about EUR10m associated with the earlier timing of the plant maintenance in Florida (completed in 2Q19). Preliminary April year-to-date financials ... |
Lhoist North America to construct new lime kiln at Marble Falls14 May 2020, Published under Cement NewsAfter extensive technical review, Lhoist North America has received permit approval from the Texas Commission on Environmental Quality for construction of a new energy-efficient lime kiln at its Marble Falls, Texas facility. The regulatory approval paves the way for Lhoist to begin construction on the significant expansion at the facility. The new vertical kiln, which is expected to be operational in 2021, is primarily driven by growing demand for Lhoist's high purity dolomitic lime product... |