Cement News tagged under: USA
Zarkalis takes the helm at Titan America, USA04 August 2014, Published under Cement NewsTitan America has announced that Bill Zarkalis will serve as company CEO effective 1 August 2014. Mr Zarkalis joins from parent organisation Titan Cement SA, where he served as Group Chief Financial Officer since 2010 and Executive Director of Business Development and Strategic Planning prior to that. "It was a great learning opportunity and a privilege to take a detour from a long career in business management roles and serve Titan as the Group Chief Financial Officer and I'm now thrilled ... |
Titan's Florida business advances strongly01 August 2014, Published under Cement NewsTitan's first-half turnover improved by 3.9 per cent to EUR571.2m while the EBITDA was ahead by just 0.8 per cent to EUR89m. Following a 10.3 per cent reduction in the depreciation charge, the trading profit improved by 23.5 per cent to EUR35.9m. After a net financial charge 11.9 per cent lower at EUR29.7m and other items, there was a pre-tax profit of EUR6.7m compared with a loss of EUR12.4m a year earlier. At the net attributable lever there was a EUR2.9m profit, compared with a loss of ... |
Martin Marietta's net profit trebles30 July 2014, Published under Cement NewsMartin Marietta Materials, the fourth-largest US aggregates producer, has announced a first-half turnover 161.9 per cent ahead at US$1097.8m and the EBITDA improved by 23.8 per cent to US$163.8m. The trading profit rose by 73.4 per cent to US$80.3m and after a net interest charge that was 7.4 per cent lower at US$25.1m, the pre-tax profit emerged at US$52.0m compared with US$19.1m and the net attributable profit virtually trebled to US$26.5m. Net debt at the end of June was less than ... |
Argos sees strong performance in US division25 July 2014, Published under Cement NewsArgos closed the first half of 2014 with an 87 per cent increase in net profit driven by acquisitions and positive market trends, most notably in the US which generated earnings in the second quarter that were almost twice the EBITDA of full year 2013 in the regional division. The company's consolidated second quarter EBITDA rose to US$142m, some 11 per cent higher than the year before. Over the first six months of the year, EBITDA reached US$272m, 12 per cent higher YoY despite non-recur... |
Eagle advances cement volumes by 4%23 July 2014, Published under Cement NewsIn the first quarter of its financial year to 31 of March 2014, Eagle Materials' turnover, including its share of the Texas Lehigh cement joint venture, increased by 17 per cent to US$298.8m. The trading profit advanced by 21 per cent to US$59.8m and after an interest charge 18.2 per cent lower at US$4.1m, the pre-tax profit was up by 25.2 per cent to US$55.81m and the net attributable profit rose by 25.3 per cent to US$37.7m. Net debt at the end of June stood at US$490.7m, giving a gear... |
HeidelbergCement considering US cement plants09 July 2014, Published under Cement NewsHeidelbergCement might buy the US and French cement plants that Lafarge and Holcim want to divest in order to receive the regulatory approval for their merger deal, according to Jefferies. Financial analysts Jefferies said in a note that HeidelbergCement managers told representatives during a capital markets day event on 2 July in California that the potential merger would be a "once in a generation" opportunity to acquire assets. CEO Bernd Scheifele and CFO Lorenz Naeger were among the ex... |
LH Merger update: plants for sale07 July 2014, Published under Cement NewsFinally, exactly two months after the first official announcement of their 'merger of equals', Lafarge and Holcim clarify which plants are likely to be put up for sale. No surprises for those who've been following our coverage of the deal to date with divestments slated for Austria, France, Germany, Romania, Hungary and the UK in Europe; Canada - but not the USA - in north America; Brazil in Latin America; Philippines in Asia; Reunion and Mauritius in the Indian Ocean... We summarise the... |
Martin Marietta completes TXI acquisition03 July 2014, Published under Cement NewsMartin Marietta Inc said it has completed its acquisition of Texas Industries Inc (TXI). As a result, the common stock of TXI is no longer listed for trading on the New York Stock Exchange. In a statement, Ward Nye, Martin Marietta's CEO, said the merger gives his company an "expanded platform for growth," particularly in Texas and California. "I look forward to continuing to work closely with our team and all of our employees, including our new team members from TXI, to ensure a seamle... |
US: PCA maintains favourable outlook despite 1Q weakness01 July 2014, Published under Cement NewsAccording to the PCA’s ‘2014 State Construction and Cement Forecasts - All States’, first-quarter weakness among some economic indicators appears temporary and the association maintains a favourable outlook for 2014. "Steady job growth, healthier government finances, and improving residential metrics following the winter freeze are setting the stage for continued construction expansion," the PCA said. The report indicates that growth is expected to be broad-based with 43 states projected ... |
IEEE offers Capitol ideas01 July 2014, Published under Cement NewsThe 56th IEEE-IAS PCA Cement Industry Technical Conference was held at the Gaylord National Resort in National Harbor (MD), near Washington, DC, USA, between 13-17 April 2014. The conference provided a timely update on the recovery of US cement demand and highlighted some of the technology advances in the sector. By Rob Roy, USA. The 56th IEEE-IAS PCA Cement Industry Technical Conference updated delegates on the status of the US cement market and industry innovations As deleg... |