Cement News tagged under: USA

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Boral’s first half profit falls, Australia

29 February 2012, Published under Cement News

Australian building materials producer Boral’s turnover in the six months to the end of December improved by 1.9% to AUD$2,433m (€1,976m) while the EBITDA declined by 11.9% to AUD$237m (€192m) and the trading profit falling by 26.9% to AUD$109m (€86m). The net interest charge is now on the way up again and it rose by 9.7% to AUD$34m (€27m) and the pre-tax profit fell by 35.9% to AUD$75m (€61m). Net debt at the end of December rose by almost 2½ times to AUD$1,544m (€1,254m) to give a gearing ...

Ash Grove Utah plant wins top safety award

28 February 2012, Published under Cement News

The Ash Grove Cement Company’s Leamington, Utah, plant won top honors in the company’s annual L.T. Sunderland Safety Excellence Award competition for 2011.Since 2006, eight Ash Grove cement plants and two grinding facilities have competed to earn the award. Each facility is evaluated on an extensive matrix of data that is focused on health and safety process and results. The Ash Grove Safety Leadership Steering Committee scores each of the health and safety metrics used in selecting the b...

Cements Argos: positive outlook after strong 2011 results

27 February 2012, Published under Cement News

Cementos Argos, Colombia's largest cement producer, achieved more than COP3.6bn (US$2bn) in consolidated revenues for FY2011, representing YoY growth of 21% in peso terms as it reported strong performances in its Colombian and Caribbean divisions. In the US, results were still affected by the challenging conditions although the company sees interesting recovery prospects ahead. According to latest figures from Cements Argos, EBITDA for the year increased by 26% in peso terms to COP682m (U...

Catskill plant closure to be made permanent, USA

24 February 2012, Published under Cement News

Holcim is reportedly permanently closing its Catskill plant in the state of New York, USA, according to a local news report which cites notice given to the Department of Environmental Conservation which seeks permission for Holcim to dispose of cement production waste remaining at the plant. Last June, Holcim mothballed the plant citing poor economic conditions but left open the possibility that one day the plant could reopen. At the time, the company said it would maintain permits...

FCC may delay sale of US unit

24 February 2012, Published under Cement News

Fomento de Construcciones & Contratas SA (FCC) of Spain may delay the sale of its US business after receiving offers below expectations, El Confidencial reports. FCC had wanted EUR600m for the unit, however, potential buyers do not see economic recovery yet that will revive cement demand, the newspaper noted, citing unidentified sources.

Essroc agrees to pay fine on reporting violations, USA

23 February 2012, Published under Cement News

Essroc Cement Corporation has agreed to pay a US$82,000 fine for alleged violations. The US Environmental Protection Agency (EPA) imposed the fine to settle alleged violations of toxic chemical reporting requirements at Essroc’s plant in Nazareth, PA. According to the EPA, a June 2011 inspection revealed that Essroc did not submit annual reports for lead for three years (2006-08) when the company processed lead in amounts exceeding 130,000lbs annually. The EPA highlighted that the settleme...

CRH announces US management changes

21 February 2012, Published under Cement News

CRH has announced a number of changes within its management team in the USA, effective as of 20 February 2012. The appointments are as follows: Doug Black (47), currently Chief Executive of CRH's Americas Materials Division, is appointed to the newly created position of President and Chief Operating Officer, Oldcastle, Inc. (the holding company for CRH's operations in the Americas) and will report to Mark Towe, CEO of Oldcastle.  Randy Lake (46) will succeed Doug as CEO of Americas Mate...

Vulcan's overall losses reduce, but rise in cement

17 February 2012, Published under Cement News

Vulcan Materials' turnover edged ahead by 0.2% last year to US$2,564.6m and the EBITDA, which had dropped by 32.4% in 2010, recovered by 18.8% to US$440.4m. Excluding exceptional items, the EBITDA emerged at some US$353ms. After a net interest charge 20.2% higher at US$217.2m, the pre-tax loss was reduced by 20% to US$153.7m and the net loss reduced by 26.7% to US$70.8m. Capital expenditure, after two years of decline, increased by 14.6% to US$98.9m and is expected to be around US$100m th...

USA: Lehigh proposes land swap

14 February 2012, Published under Cement News

Under a proposal with Lehigh Southwest Cement Co, the Shasta-Trinity National Forest around Lake Shasta could grow by about 246 acres. Lehigh Southwest Cement wants to swap about 78 acres of Forest Service land near its Mountain Gate plant for about 246 acres it owns near the McCloud arm of Lake Shasta. Jim Ellison, plant manager at Lehigh, said his company has been using the 78 acres for roads under permit from the forest service for power line access and other uses, he said.  He s...

US November shipments up 5%

03 February 2012, Published under Cement News

Total shipments of Portland and blended cement in the United States and Puerto Rico for November 2011 were 6.2Mt, data from the US Geological Survey showed. This was 5% higher than shipments in November 2010. Shipments for the year through November were 67.3 Mt, slightly higher than those of the same period in 2010. The leading producing states in November were Texas, California, Missouri, Pennsylvania, and Michigan, in descending order and accounted for about 42% of the total production....