Cement News tagged under: USA

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Solidia Technologies appoints new CTO

18 August 2021, Published under Cement News

Solidia Technologies ® has named Russel Hill PhD as its new Chief Technology Officer.  Mr Hill joins Solidia after 25 years with Boral, where he most recently served as Group Chief Innovation Officer.  "Russell Hill brings a rare wealth of expertise and experience, and we are thrilled to add him to Solidia’s roster of talent," said CEO Bryan Kalbfleish."Russell's leadership will be invaluable as we fulfill Solidia’s mission to deliver the next generation of sustainable construction mat...

Green Cement Inc appoints new CEO

17 August 2021, Published under Cement News

USA-based Green Cement Inc has appointed Grant Quasha as its CEO, as the company embarks on an international expansion drive. Mr Quasha succeeds John T Preston, who will remain chairman of the board. Previously, Mr Quasha served as CEO and managing director of Paringa Resources, a junior mining company, and chief commercial officer of Wolverine Fuels. The company has been developing its PozzoSlag product as a low-carbon substitute for ordinary Portland cement and is now looking to expa...

Climbing regional cement shipments for Argos in the 1H21

13 August 2021, Published under Cement News

Argos announced its 1H21 results this week with regional cement shipments climbing in the USA and in the Caribbean and Latin America.   In the USA cement volumes saw a solid increase of 5.7 per cent, because of the positive market dynamics in the country. Concrete volumes, on the other hand, fell 10.1 per cent with different behaviours throughout the territory and strongly affected by the intense rains, especially in Houston and Dallas.   Group revenues in the US during the semester re...

Argos records 1H21 cement shipments of 8.6Mt

12 August 2021, Published under Cement News

Argos recorded cement shipments of 8.6Mt in the 1H21, an increase of 26.9 per cent compared to the 1H20. The advance was supported by the performance of the group in the USA, the Caribbean and Central America, as well as having a low comparison base. Consolidated revenues reached US$1.3bn, up 11 per cent compared to the 1H20. Likewise, EBITDA rose by 29.9 per cent to US$266.7m. EBITDA margin , excluding the profits on the sale of concrete assets, reached a record of 20.3 per cent, the hig...

Buzzi Unicem's net sales rise 6% in 1H21

04 August 2021, Published under Cement News

Buzzi Unicem's net sales in the 1H20 increased 5.8 per cent, standing at EUR1608.7m versus EUR1520.1m in 1H20, while EBITDA improved by 12.3 per cent, advancing from EUR313.9m to EUR352.5m. After amortisation and depreciation of EUR122.8m (EUR128.4m in the previous year), EBIT amounted to EUR229.7m (EUR185.5m in 1H20). The income statement for the 1H21 closed with a net profit of EUR209.7m, compared to EUR216.7m in the same period of 2020. Cement sales of the group in the first six mon...

Cemex Ventures helps Carbon Clean raise US$8m for carbon capture projects

04 August 2021, Published under Cement News

Carbon Clean has raised US$8m from new investor Cemex Ventures  and existing investors Equinor Ventures, ICOS Capital and WAVE Equity Partners. The capital raise extends Carbon Clean's successful US$2m Series B investment round , brings the total value of the round to US$30m. "We're delighted to have Cemex as an investor and its backing further confirms the growing value of our technology proposition, as well as expanding confidence of strategic investors," said Aniruddha Sharma, Carb...

Cemex set to reach its 2021 EBITDA guidance of US$3.1bn

02 August 2021, Published under Cement News

After Cemex reported strong 2Q21 results and reiterating US$3.1bn EBITDA guidance for 2021, market analysts UBS state that it has confidence that the company will reach its 2021 EBITDA guidance of US$3.1bn.  This was the company's strongest financial performance in the last decade. In Mexico Cemex recorded positive results in the 2Q21 mainly on the back of strong volumes and prices. Net sales in Mexico increased 65 per cent YoY and EBITDA expanded 82 per cent YoY, driven by bagged cement...

Titan Cement’s reports strong US and Greek revenues in the 1H21

30 July 2021, Published under Cement News

Titan Cement reported that in the USA the positive momentum in US fundamentals continued in the first half of the year. Revenue in the USA recorded a 10.2 per cent increase in US dollar terms in the 1H21 but was almost flat in euro terms (+0.8 per cent) at EUR479.3m.   US EBITDA reached EUR81.2m, up by 1.9 per cent in US dollar terms but down 6.8 per cent in euro terms when compared with the 1H20. The discrepancy is due to higher maintenance costs in the 1H21 as well as increased logisti...

Eagle Materials reports cement revenues up 3% in 1QFY22

30 July 2021, Published under Cement News

Eagle Materials Inc's financial results for the first quarter of FY22, ended 30 June 2021 saw revenue in the Heavy Materials sector, which includes cement, concrete and aggregates, joint venture and intersegment cement revenue, reach US$315m, a three per cent YoY improvement. Heavy Materials operating earnings also increased three per cent to US$67.9m primarily because of improved cement sales prices. Cement revenue, including Joint Venture and intersegment revenue, was up   three per cen...

US Portland and blended cement market expands 6% in May

29 July 2021, Published under Cement News

Total shipments of Portland and blended cement in the USA and Puerto Rico advanced 5.6 per cent to 9.2Mt in May 2021 when compared with May 2020, according to the US Geological Survey (USGS). Cement consumption was the highest in Texas, California, Florida, Ohio and Georgia – combined these five leading states consumed 37 per cent of May shipments. In terms of leading Portland and blended cement-producing states, Missouri, California, Texas, Florida and Michigan accounted for 39 per cent of ...