Cement News tagged under: USA
Italcementi launches five-year bond, Italy25 February 2013, Published under Cement NewsItalcementi, the fifth-largest cement producer in the world, has launched a five-year bond of EUR350m at an issue price of EUR99.477 and a coupon of 6.125 per cent, according to reports in La Stampa. At the closure of the placement, orders exceeded EUR 2.5bn. Credit rating agency Moody's has rated the Italcementi bond Ba2 with a "negative" outlook. For 2013, Moody's expects Italcementi to face challenging market conditions in its key markets Egypt and France and, to a lesser extent, in Mor... |
Vulcan looks for further improvements in 201315 February 2013, Published under Cement NewsVulcan Materials' turnover edged up by 0.1 per cent last year to US$2567.3m, marking the second consecutive year of virtually static sales. EBITDA, again little changed, eased by 0.4 per cent to US$423.5m. Excluding exceptional exchange offer costs, the EBITDA increased by 9.2 per cent to US$466.8ms. After a net interest charge 2.4 per cent lower at US$211.9m, the pre-tax loss was again reduced by around one-fifth to US$120.4m and the net loss came down by 25.7 per cent to US$52.7m. Capi... |
Holcim (US) receives HandsOn South Alabama's Corporate Citizenship Award14 February 2013, Published under Cement NewsHolcim (US) announced today that its Theodore plant located in Theodore, AL, received the Corporate Citizenship Award from HandsOn South Alabama (HOSA) at the organisation’s 31st annual Heart of Gold Awards. The award honors volunteer service. HOSA mobilises volunteers in the community to make a sustainable and measurable impact in education, the environment, economic stability and emergency preparedness. "I am so proud of the work the employees of the Theodore plant have done in our commun... |
November 2012 sees eight per cent rise in US cement shipments11 February 2013, Published under Cement NewsTotal shipments for Portland and blended cement in the US and Puerto Rico reached 6.6Mt in November 2012, representing an increase of nearly eight per cent, according to the latest figures from the US Geological Survey (USGS). The leading consuming states (Texas, California, Florida, Ohio and Illinois, in descending order) received about 37 per cent of the November total shipments). The leading producing states were Texas, Missouri, California, Florida and Michigan (in descending orde... |
Eagle Materials trading profit almost trebles, USA07 February 2013, Published under Cement NewsEagle Materials' turnover, including its share of the Texan cement joint venture with HeidelbergCement, rose by 22.7 per cent to US$366.32m for the six months to the end of September and the trading profit virtually trebled to US$53.35m. After a net interest 20 per cent lower at US$7.31m, the pre-tax profit jumped by 424.5 per cent to US$46.04m. Net debt of US$243.9m at the end of September represented 48.6 per cent of shareholders' funds compared with 59.4 per cent a year earlier. Eagle ... |
Cemex expected to narrow fourth-quarter loss06 February 2013, Published under Cement NewsCemex is expected to narrow its net loss in the fourth-quarter of 2012 from a year earlier, helped by improved performance in its main US market and cost reduction. A Reuters poll showed six analysts on average forecast that Cemex lost US$47m in the October-December period, compared with a net loss of US$146m in the same period of 2011. Analysts' forecasts ranged from earnings of US$77m to a loss of US$134m. |
PCA revises 2013 consumption outlook upwards18 January 2013, Published under Cement NewsAccording 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 Georgia11 January 2013, Published under Cement NewsLafarge 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, USA10 January 2013, Published under Cement NewsDuring 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, USA04 January 2013, Published under Cement NewsGregory 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... |