Cement News tagged under: US
Tarmac embraces Schaeffler OPTIME solution04 April 2024, Published under Cement NewsSchaeffler’s OPTIME wireless condition monitoring solution is helping prevent unplanned downtime of machines and auxiliary equipment at the Tarmac Tunstead limestone plant near Buxton, Derbyshire, UK. The site benefits from the early detection of equipment failures, as the OPTIME app keeps the maintenance team informed on the condition of the machines at all times, without them having to take manual readings. Tarmac Tunstead is home to one of the largest limestone quarries in Europe. ... |
MDG Americas supplies material handling and storage28 March 2024, Published under Cement NewsTitan Cement , located in Medley, Florida , has initiated a project to add limestone to its existing cement production circuit. The project was designed by MDG Americas Inc and is in operation with three front end loader feed hoppers, three apron feeders, and three TRX surface feeders. MDG Americas is also working with CEMEX to improve its coal/petcoke grinding plant process at one of the cement producer’s USA plants by converting from direct firing to separate storage and coal/petco... |
US pledges US$1.2bn in funding for PCA decarbonisation projects26 March 2024, Published under Cement NewsThe US Energy Department has announced more than US$1.2bn in federal funding for four decarbonisation projects in the US cement industry. In total, the energy department has pledged US$6bn in funding for 33 industrial projects designed to reduce carbon emissions across not only the cement industry but also iron and steel, concrete, aluminium, chemicals, food and beverages, and pulp and paper, which collectively account for around one third of US carbon emissions. Commenting on the announ... |
Breedon enters US with BMC Enterprises acquisition07 March 2024, Published under Cement NewsBreedon Group has announced its acquisition of BMC Enterprises Inc (BMC) for US$300m, marking the group’s entry into the US. BMC is a supplier of ready-mixed concrete, aggregates and building products, headquartered in St Louis, Missouri. The deal gives Breedon the opportunity to launch a scalable third platform. "This transaction will give us a platform that is well-placed to grow in the highly-fragmented US construction market, is culturally aligned with Breedon and has a familiar pe... |
Breedon posts record revenue in 202306 March 2024, Published under Cement NewsBreedon Group has announced record revenue of GBP1487.5m (US$1893.5m) in 2023, up seven per cent from the GBP1396.3m seen in the previous year. EBIT over the same period declined two per cent from GBP148m to GBP145.7m, while profit before tax slipped one per cent from GBP135.8m to GBP134.4m. According to the company, the record revenue was due to improved pricing, which offset a two per cent reduction in volumes, reflecting the challenging macroeconomic conditions. In terms of volumes,... |
Sublime Systems to launch first cement plant10 January 2024, Published under Cement NewsUS-based Sublime Systems, a developer of low-carbon cement, has announced plans to build its first cement plant. The facility, located in Holyoke, Massachusetts, will have a production capacity of 30,000tpa and is expected to come on stream in 2026. According to the company, the plant will produce “the only fossil-fuel-free, scalable, drop-in replacement for traditional cement in concrete.” Sublime uses an electrochemical process that entirely bypasses the need for extreme heat, typica... |
Holcim US rebrand reaches Atlanta17 November 2023, Published under Cement NewsHolcim US has announced that the expansion of its rebrand has now touched down in Atlanta, Georgia, one of its major cement distribution markets. The transition will see the company refresh its branding and renew its commitment to sustainability as part of the global focus on becoming a net-zero company. With cement terminals in Cartersville, Duluth and Covington, Georgia, the rebranding initiative reinforces Holcim’s dedication to the Metro Atlanta area and Southern region, according ... |
Fortera appoints chief strategy officer13 September 2023, Published under Cement NewsUS-based cement decarbonisation specialist Fortera has appointed Kas Farsad as its chief strategy officer (CSO). According to the company, Mr Farsad will lead a multidisciplinary team focussed on forging commercial partnerships with cement and building industry leaders, overseeing Fortera’s policy and legislative efforts, as well as maximising the company’s carbon impact strategy. “In our acceleration to commercial-scale low carbon cement production, Kas has been instrumental in aligning in... |
CRH attracts new investors prior to US move17 August 2023, Published under Cement NewsCRH is attracting new investment prior to its move to the New York Stock Exchange in September this year. According to the Irish Independent, at least 26 hedge funds have announced new or expanded American depository receipts (ADRs) in CRH. In total, hedge funds bought a net 7.53m ADRs in CRH in the three months up to 30 June 2023, reports Bloomberg. Among the investors are Soros Fund Management, owned by billionaire George Soros, which now holds ADRs worth around US$20m, and Seth Klarma... |
Monarch Cement posts increased net sales in 1H2315 August 2023, Published under Cement NewsUS-based The Monarch Cement Co has reported condensed consolidated net sales of US$121.94m in the first half of 2023, up from US$95.85m in the same period a year earlier. Gross profit over the same timeframe improved from US$28.21m to US$39.54m, while income from operations advanced from US$17.37m to US$28.31m. Monarch Cement is a US-based producer of Portland cement, primarily serving Kansas, Iowa, southern Nebraska, western Missouri, northwest Arkansas and northern Oklahoma. In the th... |