Cement News tagged under: USA
USA: PCA calls for congress to avert the 'fiscal cliff'13 November 2012, Published under Cement NewsNow that USA’s leadership for the next four years has been determined, construction interests are challenging Congress and the Obama administration to get to work on addressing the 'fiscal cliff'. A recent study by the Portland Cement Association (PCA) reported that given the fragile state of the US economy, inaction could prompt a recession and have a negative impact on the construction industry. The 'fiscal cliff' came about from dual economic objectives reflecting the need to inject fis... |
Vulcan's cement losses drastically reduced12 November 2012, Published under Cement NewsVulcan Materials' turnover for the first nine months recovered by 0.5 per cent to US$1958.9m, while the EBITDA declined by 15.7 per cent to US$286.8m. The trading profit before capital restructuring costs increased by 5.2 per cent to US$72.6m. After a net interest charge three per cent lower at US$159.0m the pre-tax loss for the period increased by 29.1 per cent to US$125.5m and the net loss rose by 30.7 per cent to US$56.1m. The net debt was 3.7 per cent lower than a year earlier at US$... |
Asia and US improvements boost Vicat nine month results06 November 2012, Published under Cement NewsVicat's turnover for the first nine months of the year edged ahead by 0.2 per cent to EUR1731m, but this represents an underlying decline of one per cent. Asian and US improvements made up for French and African volume declines. The gearing level increased to 47.6 per cent at the end of September compared with 43.4 per cent a year earlier and 40.6 per cent two years ago, with the expansion in Asia being the principal reason for the increase in debt levels. Turnover in cement was 0.7 per... |
Dyckerhoff reports stable nine month volumes06 November 2012, Published under Cement NewsDyckerhoff reported stable volumes for the first nine months of 2012 as the recovery in Russia and USA almost counterbalanced declines in the other regions. Sales increases in the Eastern Europe and USA divisions also offset decrease in the Germany/Western Europe division. Germany and Western Europe fell seven per cent to EUR588m from EUR633m. Sales in Eastern Europe rose by seven per cent to EUR487m from EUR456m. Sales in the US were up 24 per cent to EUR160m from EUR129m. Group EBITDA ... |
Taiheiyo Cement sales exceed expectations, Japan06 November 2012, Published under Cement NewsJapan’s leading cement producer Taiheiyo Cement is expected to report a 260 per cent YoY rise in consolidated pretax profit for the six months ended 30 September on earthquake rebuilding. A Nikkei report shows states that cement sales have exceeded targets due to reconstruction efforts relating to the Great Japan Earthquake in March 2011, and costs for coal have also been lower than expected. The cement producer had also projected a net loss of JPY3.2bn in part on the disposal of produ... |
GCC sales rise 13.3 per cent, Mexico31 October 2012, Published under Cement NewsMexico-based cement producer Grupo Cementos de Chihuahua (GCC) has posted MXP2.58bn (US$197m) in sales for 3Q2012, up 13.3 per cent YoY. The company posted EBITDA of MXP501m, up 0.5 per cent compared with the prior-year-period. Net consolidated income for the third quarter was MXP152m, up 266 per cent over the MXP43.8m loss registered in the same period of 2011. Increased sales were driven by a growth in sales volumes in the US, "higher aggregates and concrete block sales in Me... |
Anglo American chief resigns, USA31 October 2012, Published under Cement NewsAnglo American plc announces that Cynthia Carroll has decided to step down as Chief Executive, with the Board’s agreement. Cynthia will remain in her post until a successor has been appointed and an appropriate transition has taken place. Cynthia Carroll was appointed to the Anglo American Board in January 2007 and formally took over as Chief Executive in March of that year. Under Cynthia’s leadership, after a record year in 2008, the Group successfully weathered the global financial crisis... |
Cemex to participate in Clean Energy Fund31 October 2012, Published under Cement NewsCemex announced that it will participate in a Clean Energy Fund that is expected to raise approximately US$300m through a public offer of Certificados de Capital de Desarrollo (Capital Development Certificates) in the Bolsa Mexicana de Valores (Mexican stock exchange). The proceeds will be invested in a series of clean energy projects in Mexico. Cemex said its participation in the fund would be limited to management and advisory activities, and that it would retain a minority equity stake... |
Ash Grove announces two company promotions, USA31 October 2012, Published under Cement NewsAsh Grove Cement Company announced promotions in its sales leadership teams, Chairman of the Board and Chief Executive Officer Charlie Sunderland announced. The promotions are effective 1 January 2013. Ernie Peterson is promoted to vice president of sales - Midwest and will report to Charlie Sunderland. Peterson has been with Ash Grove 15 years, including the last five years as regional sales manager in Ash Grove’s Omaha, Neb. His direct reports include three sales offices covering six st... |
Eagle Material reports second quarter rise in earnings, USA30 October 2012, Published under Cement NewsEagle Materials has reported continued growth in sales volumes and earnings in the second quarter as revenues rise 22 per cent to US$164.7m. Second quarter sales volumes improved across all major business lines and wallboard net sales prices increased 30 per cent as compared to the prior year's second quarter. Improved second quarter operating cash flow was used to fund capital expenditures, pay dividends and reduce debt which further strengthened our financial position. Eagle ended the qua... |