Cement News tagged under: USA

RSS feed

PCA revises 2013 consumption outlook upwards

18 January 2013, Published under Cement News

According to the latest forecast from the Portland Cement Association (PCA), there will be an 8.1 per cent growth in cement consumption in 2013, significantly higher than the tepid growth projected in its fall 2012 report.   The upward revisions reflect adjustments made in light of the recent fiscal cliff accord, recognition of stronger economic momentum, and markedly more optimistic assessments regarding residential construction activity.  The January report marked 2012 consumption at 78...

Lafarge sells aggregate quarries in Georgia

11 January 2013, Published under Cement News

Lafarge announces it has signed binding agreements for the sale of six aggregates quarries in Georgia (USA) for a total enterprise value of US$160m. These assets represent less than one cent of the company's sales in North America in 2011. These transactions are subject to relevant approvals. "With these divestments in a region where Lafarge is present only through its aggregates operations, the group pursues its strategy of focusing on most promising geographic areas where we have int...

Texas Industries increases volumes, USA

10 January 2013, Published under Cement News

During the first half of its financial year (to the end of November), Texas Industries increased volumes and reduced losses and is on schedule to complete commissioning of its new kiln line this spring. The company's turnover rose by 9.1 per cent to US$342.2m. The interest charges declined by 16.7 per cent to US$15.3m and the pre-tax loss was reduced by 41.6 per cent to US$18.4m. The corporate activities incurred a loss 69.6 per cent higher at US$20.9m. Even after a reduced tax credit, t...

Gregory M Scott to head Portland Cement Association, USA

04 January 2013, Published under Cement News

Gregory M Scott is to lead the Portland Cement Association as  president and chief executive officer. He will head the US cement industry body from its Washington, DC, office and represent PCA and its members before Congress, the Administration and the White House. Mr Scott joined PCA in January 2012 as the senior president of government affairs and was promoted to president in September. “Scott brings a strong record of accomplishments to PCA with a wealth of experience in trade associati...

Cemex leads the charge on US pricing

03 December 2012, Published under Cement News

Cemex is planning two incremental cement price increases in January and April 2013 in a bid to reverse the "chronic under-pricing of cement in the US", says Karl Watson, president Cemex USA. Speaking at a presentation in Mexico on Tuesday this week, Watson said that the price increases of US$8/t each are integral to the company's goal of achieving an EBITDA of over US$1bn by 2016.   "Prices, in real terms, averaged US$154/t in the 1970s. The current industry price of, on average, US$90/t is...

Holcim (US) Celebrates Centennial

29 November 2012, Published under Cement News

The Holcim (US) Portland facility is participating in a year-long community service initiative to mark the centennial anniversary of its parent company, Holcim Ltd. Holcim (US), one of the nation's leading manufacturers and suppliers of cement and mineral components, is celebrating its 100-year anniversary by participating in Together for Communities, an initiative in which employees lead local volunteer projects. "Our employees at the Portland facility have shown great dedication in their ...

Cemex sees improved US results going forward

28 November 2012, Published under Cement News

Cemex expects improved results at its US operations between 2013 and 2016 as the local market has shown stronger than expected trends, allowing for improved profitability. Karl Watson, president of Cemex USA, told analysts during a presentation on Tuesday the company expects US housing starts to increase 16 per cent next year, reaching 873,000. The company forecast US residential sector cement demand will increase by 14 per cent in 2013. Watson said US annual cement sales are now about...

Lehigh to invest in mercury reduction system at Tehachapi plant, USA

28 November 2012, Published under Cement News

Lehigh Southwest Cement Company has announced plans to install a mercury reduction system at its plant in Tehachapi, California, USA. The plant will begin the installation of a state-of-the-art activated carbon injection system in early 2013 with completion scheduled for later in the year. The system has been installed at two other Lehigh plants in the United States including plant in Cupertino which was the first cement works in California to apply the technology. The plant has experi...

Fitch Ratings: mixed picture for EMEA companies

27 November 2012, Published under Cement News

Fitch Ratings says 3Q12 results reported by Fitch-rated Europe Middle East and Africa (EMEA) cement companies, Holcim Ltd ('BBB'/Stable), HeidelbergCement AG ('BB+'/Stable) and Lafarge SA ('BB+'/Stable) showed a number of positives, but confirmed that general market conditions are still challenging and the outlook remains uncertain. Europe disappoints The European markets represented a negative surprise, mainly due to a weakening in volume sales. This not only reflects some peripheral ...

Cemex to return to profitability in 2013?

21 November 2012, Published under Cement News

Mexican cement producer Cemex is seen on track to return to profitability as soon as 2013, according to analysts quoted by Reuters. The company recently refinanced US$6.7bn in debt, negotiating much-need room to push back looming payments for up to four years. Measures included a commitment to pay down US$1bn in March of next year, revised financial covenants and a debt swap, all of which have put relations with investors on a more comfortable footing.  In addition, Cemex floated its C...