Cement News tagged under: North America
PCA: 'global cement consumption on the rise'04 June 2015, Published under Cement NewsGlobal cement consumption is expected to grow through 2015 and 2016, with North America leading recent gains in the developed world, according to a report released by the Portland Cement Association (PCA). According to forecasts by the association, cement consumption among developed economies increased by roughly 9.2Mt in 2014, followed by another 9Mt increase in 2015. "Most of the gains in developed world cement consumption is attributed to North America," said Edward J Sullivan, chief ec... |
Canada cement industry applauds impact of Federal budget23 April 2015, Published under Cement NewsThe Cement Association of Canada (CAC) has applauded the release of Budget 2015. Released on 21 April 2015 by the Minister of Finance, the Budget indicates that several billion dollars have successfully been invested in critical infrastructure projects across Canada. The CAC took the opportunity to highlight the critical importance of infrastructure investments in boosting the competitiveness and growth of the private sector, both of which it says are critical to the continued economic re... |
Italcementi saw weaker French and Italian volumes in 201409 February 2015, Published under Cement NewsItalcementi's turnover declined by 1.8 per cent in 2014 to EUR4155.6m, or by 0.7 per cent on a comparable basis. Group cement shipments edged ahead by 0.6 per cent to 43.4Mt and the turnover from cement and clinker was ahead by 1.0 per cent to EUR2742.9m, with cement volumes improving everywhere but in Europe. The concrete and aggregates turnover declined by 6.9 per cent to EUR1162.5m as shipments of aggregates declined by 5.6 per cent to 30.8m tonnes and ready-mixed concrete deliveries ... |
CRH strikes deal to acquire €6.5bn Holcim and Lafarge assets02 February 2015, Published under Cement NewsCRH has reached a deal to acquire €6.5bn in the assets of Lafarge and Holcim who are restructuring to win regulatory approval for their planned merger. The deal will significantly expand CRH’s globally footprint in the cement industry by acquiring new facilities in the Philippines, Canada, Brazil and several countries in Europe. Commenting on the acquisitions, CRH chief executive Albert Manifold said: “This transaction represents a significant value creation opportunity for CRH. We are acqu... |
RHI wins order at Lafarge Exshaw works22 January 2015, Published under Cement NewsAustrian refractory materials maker RHI AG has been awarded a supply contract for around EUR10m from Lafarge for its plant in Exshaw, western Canada. Under the contract, RHI will deliver material for the expansion of the plant. |
HeidelbergCement to sell its North American and UK Building Products Business24 December 2014, Published under Cement NewsHeidelbergCement announced that it has entered into a definitive agreement with an American affiliate of Lone Star Funds to sell its North American (excluding Western Canada) and United Kingdom building products business, Hanson Building Products, for an total price of US$1.4bn, of which up to US$100m will be payable in 2016, depending on the performance of the business in 2015. The closing is subject to the satisfaction of customary closing conditions. HeidelbergCement expects the transacti... |
CRH returns to first-half pretax profit19 August 2014, Published under Cement NewsCRH's first half turnover advanced by four per cent to EUR8,324m and the EBITDA improved by 27.2 per cent to EUR505m. The trading profit jumped from EUR41m to EUR171m and after a net interest charge 2.7 per cent higher at EUR150m, the pre-tax result went from a loss of EUR71m to a EUR61m profit. The net attributable result went from a EUR57m loss to a EUR46m profit. Net debt at the end of June was 11.6 per cent lower at EUR3,703m, giving a gearing level of 39.9 per cent, which compares wi... |
Lafarge's profit drops in Europe and Latin America, but group net profit jumps24 February 2014, Published under Cement NewsLafarge's turnover declined by 3.9 per cent to EUR15,198m in 2013, having increased by 3.5 per cent in 2012. The EBITDA came down by 9.4 per cent to EUR3102m and the trading profit fell by 14 per cent to EUR2,075m as carbon credits dropped by 85.9 per cent from EUR99m to EUR14m. Net financial charges, which had been rising in recent years, declined by 4.9 per cent to EUR1041m, while other charges were 88.9 per cent lower at EUR55m, resulting in a pre-tax profit 20.2 per cent higher at EU... |
HeidelbergCement's results hit by currency effects06 February 2014, Published under Cement NewsThe preliminary full-year 2013 figures from HeidelbergCement show turnover easing by 0.6 per cent to €13,936m, though on an underlying basis there was a 3.4 per cent increase. EBITDA eased by 2.1 per cent to EUR2424m, but improved by two per cent on a comparative basis, and the trading profit edged ahead by 0.2 per cent to €1607m. The number of employees rose by 1.1 per cent to 52,560, as a reduction of around people 750 in North America and Europe was more than offset by the increased sph... |
Global demand growth outlook downgraded28 October 2013, Published under Cement NewsA recent report by Morgan Stanley has lowered the growth outlook for global cement demand for 2013 to adjust for a changing economic landscape in emerging regions. Following economic updates by its analysts, which cut GDP forecasts for most emerging countries, cement volume expectations have been significantly trimmed in half of the world’s regions. The research house now expects two per cent growth in global cement demand in 2013 (excl. China) followed by 3.5 per in 2014 – marking the slo... |