Cement News tagged under: US
Cement in 201907 January 2019, Published under Cement NewsWhile global economic growth is expected to continue in 2019, uncertainty will affect the expansion of key cement markets in the year ahead. As a result a mild contraction is forecast although there will be regional differences in cement demand with the developed markets registering limited growth while emerging markets will be more robust. By Arnaud Pinatel and Yassine Touahri, On Field Investment Research, UK. Figure 1: changes in regional cement demand, 2017 vs 2018. Source: OFI... |
GCC commissions Rapid City plant expansion21 December 2018, Published under Cement NewsMexican cement producer Grupo Cementos de Chihuahua (GCC) has announced the expansion of its Rapid City, South Dakota cement plant became operational, adding 440,000tpa capacity to the existing plant. The expansion of the Dacotah cement plant began in 2016, with a total investment of around USD105m. The expansion increases the plant’s production capacity to 1.167Mta and is expected to reduce variable production costs. Earlier this year, GCC acquired the 0.3Mta Trident cement plant in Three... |
Longleaf Packaging begins constructing its first plant01 October 2018, Published under Cement NewsLongleaf Packaging has broken ground on its first cement packaging and distribution facility at Orangeburg, South Carolina, USA. The company is investing around US$6m and is projected to create 28 new jobs at the 28-acre site over the next five years. The plant will package and distribute bagged, pre-blended and dry-mix products, with production expected to commence in the 4Q18. Alongside Portland cement, the product line will include mortar mix, concrete mix and sand mix. "We feel very ... |
Martin Marietta acquires CRH America's divested asset04 July 2018, Published under Cement NewsUS-based Martin Marietta Materials has acquired CRH America’s Mallard Sand & Gravel business, which will add approximately 30Mt of aggregates to the company’s reserves. CRH was required to divest these assets as part of its acquisition of Ash Grove Cement Co. Furthermore, Martin Marietta has sold two aggregate quarries to resolve competition issues with respect to its recent acquisition of Bluegrass Materials Co, according to AggNet. "We’re pleased to conclude the DoJ’s Hart-Scott-Rod... |
CRH issues new bonds29 March 2018, Published under Cement NewsCRH has issued US$1.5bn of bond debt at a lower cost than expected, reports the Irish Independent. In total, it consists of a 10-year US$900m bond and a 30-year US$600m bond. Both bonds were approximately 200 basis points below initial pricing indications which suggests the level of demand, according to Robert Gardiner, Davy Analyst. The funds are expected to be used to finance the acquisition of Ash Grove Cement, which was purchased last year. |
US and Puerto Rico May shipments up 8.2%03 August 2017, Published under Cement NewsPortland and blended cement shipments in the US and Puerto Rico in May 2017 reached 8.8Mt, up by about 8.2 per cent YoY, according to data presented in the latest USGS Mineral Industry Surveys publication. The leading producing states were Texas, California, Missouri, Florida and Michigan, in descending order, which together accounted for 42 per cent of the months’s total sales. The leading consuming states (Texas, California, Florida, Ohio and New York, in descending order) received about ... |
US and Puerto Rico February shipments unchanged04 May 2017, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico in February 2017 were about 6Mt, essentially unchanged from sales in February 2016, latest data from the US Geological Survey (USGS) shows. The leading producing states in February 2017 were Texas, California, Missouri, Florida and Alabama, in descending order. The leading consuming states (Texas, California, Florida, Georgia and North Carolina, in descending order) received 46 per cent of the February shipments. Ship... |
Ecocem appeal likely to be heard next month20 April 2017, Published under Cement NewsEcocem’s appeal agains a US authority’s decision to refuse it planning permission for a EUR45m mill could be heard next month, the Irish Times reports. The planning commission in Vallejo, California, recently refused Ecocem’s subsidiary, Orcem Americas, permission to build on the city’s waterfront based on environmental concerns. Orcem subsequently appealed the ruling with Vallejo city council. This is likely to be heard between 30 May and 1 June, according to the report in the daily. ... |
The world in 2016 and outlook for 201710 February 2017, Published under Cement NewsThis year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por... |
US Cement’s new Brady plant moves closer to Brady City Council approval23 November 2015, Published under Cement NewsUS Cement is another step closer to building its new cement works in McCulloch County, Brady, Texas. The Brady City Council has authorised two proposed sales tax rebate incentives for a proposed cement plant that would be built in McCulloch County. The city sales tax rebate economic development incentive for the proposed plant would not exceed US$297,000 over nine years, or up to US$33,000 per year. The Brady Economic Development Corp incentive would be a one-time payment of US$250,00... |