Cement News tagged under: USA
CRH results broadly in line with last year12 November 2013, Published under Cement NewsIn its autumn trading statement, CRH announced that it expects the EBITDA to be broadly in line with last 2012 numbers, assuming normal weather patterns for the remainder of the year. Depreciation and amortisation charges as well as the net interest charge are forecast to be a little lower than in 2012, though the net debt is expected to be about EUR300m higher. Acquisitions and large capital investments amounted to around EUR660m, of which EUR492m were in heavy building materials, and incl... |
KHD wins bid to modify Holcim's Hagerstown plant12 November 2013, Published under Cement NewsKHD Humboldt Wedag International AG’s Americas Customer Service Center based in Atlanta, Humboldt Wedag Inc, recently signed a contract with Holcim (US) Inc for engineering, delivery of equipment, and site services to modify the existing production line at its Hagerstown, Maryland plant. The contract, which includes a KHD designed pyroprocessing system will increase the line’s production rate to 2400tpd and be compliant with the new NESHAP environmental regulations. KHD’s responsiveness ... |
Pennsuco plant supports Breast Cancer Awareness08 November 2013, Published under Cement NewsTitan America's Pennsuco plant has undergone an unusual modification in supporting the campaign for Breast Cancer Awareness. The Florida cement works has been painted pink to highlight the need for women to go and be tested. "Not only do we have employees that could be affected by breast cancer, but each of us have mothers, sisters, daughters, aunts or nieces and friends that could be," says George Pantazopoulos, operations and sales vice president with Titan Florida Business Unit. "Titan... |
Vulcan improves margins and returns to profits05 November 2013, Published under Cement NewsVulcan Materials' turnover for the first nine months improved by 6.7 per cent to US$2090.5m and the EBITDA moved ahead by 29.8 per cent to US$372.4m. The trading profit jumped from US$29.4m to US$136.8m, with the third quarter showing a 78.6 per cent advance. After a net interest charge 3.9 per cent lower at US$152.8m, the pre-tax loss dropped by 91.1 per cent to US$11.2m, while a further tax credit gave rise to a net profit of US$15.3m compared with a US$56.1m the net loss a year earlier... |
Eagle's 1H benefits from Lafarge acquisition31 October 2013, Published under Cement NewsFirst-half turnover for Eagle Materials to the end of September, including its share of the Texan cement joint venture with HeidelbergCement, advanced by 46 per cent to US$535.47m. The trading profit, which virtually trebled in the comparative period last year, rose by a further 111.7 per cent to US$112.95m. After a net interest charge that rose by 33.3 per cent to US$9750m, reflecting acquisition from Lafarge of two integrated cement works and a number of downstream assets at the end of ... |
US July cement shipments and imports rise30 October 2013, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico in July 2013 reached about 8.1Mt, US Geological Survey statistics show, which translates to an 11 per cent increase in the same period of the year before. Shipments for the year through to July were 45.1Mt, up slightly on the comparative period of the previous year. The leading Portland-cement producing states in July were Missouri, California, Texas, Michigan and Florida (in descending order), which accounted for ab... |
Cemex: 9M13 turnover edges ahead25 October 2013, Published under Cement NewsFor the first nine months of the year, Cemex' turnover edged ahead by 0.7 per cent to US$11,352.7m but but EBITDA eased by 0.3 per cent to US$2001.2m as Mexico continues to drag on the company's performance although substantial improvements are seen in the US. The trading profit improved by 12.3 per cent to US$926.3m while the net interest charge increased by 8.3 per cent to US$1,139.4m. The pre-tax loss was reduced by 27 per cent to US$174.3m, but a 53 per cent increase in the tax cha... |
Cemex third quarter loss expected to narrow21 October 2013, Published under Cement NewsCemex is expected to post a narrower third quarter loss for the July-September period of 2013 led by a pick-up by US sales, the company’s biggest market. According to a Reuters' survey of six analysts, the Mexican cement major is expected to report a loss of US$22m compared with a loss of US$203m a year earlier. An increase in US sales is expected to offset weak performances in Europe and Mexico, the news agency said. Analysts expect third-quarter results to show that Cemex sold more cemen... |
PCA: political risks could derail US recovery11 October 2013, Published under Cement NewsUS economic growth and employment levels continue to improve and PCA forecasts that this trend will carry on through 2013. However, the association warns that domestic political risks do have the potential to undermine this improvement. A recent article by the PCA notes that the Federal government shutdown (depending on its duration), along with long-term debt ceiling and budget sequestration actions could present near-term weakness. In terms of construction, the residential market is heal... |
Fitch rates Cemex outlook Stable07 October 2013, Published under Cement NewsFitch Ratings has assigned 'BB-/RR3' ratings to Cemex's proposed floating rate senior secured notes due in 2018 and senior secured notes due in 2021. The 2018 and 2021 notes will be guaranteed by Cemex Mexico, Cemex Concretos, Empresas Tolteca de Mexico, Cemex Espana, New Sunward Holding BV, Cemex Asia BV, Cemex Corp, Cemex Egyptian Investments BV, Cemex Egyptian Investments II BV, Cemex France Gestion, Cemex Research Group AG; Cemex Shipping BV and Cemex UK. The rating outlook for Cemex ... |