Cement News tagged under: USA
Lafarge to close kiln line at Joppa Cement, USA16 March 2012, Published under Cement NewsLafarge has shut down Kiln Line No 2 at its Joppa cement plant, Illinois, USA, citing the continued challenging economic environment as the reason for shutting down one of its two kilns. The company will continue to operate the plant and its associated Cave-In-Rock Quarry and manufacture specialty well cement on its Kiln 1. Lafarge has "The shutdown was due to the state of the economy and the weak demand for cement, " said Louis Derose-Environmental and Public Relations Manager-Lafarg... |
Cementos Portland Valderivvas debt reduction plans, Spain15 March 2012, Published under Cement NewsSpanish cement producer Cementos Portland Valderivvas is looking to reduce debt to around EUR1bn from the current EUR1.3bn with two options on the cards. The company is looking for institutional investors to subscribe to its forthcoming capital hike, the proceeds of which will allow Cements Portland to cut debt. It is also considering the divestment of it Giant subsidiary in the USA and reduce its workforce by some 500 employees, Cinco Dias reports For this year, the company is planni... |
US shipments edge ahead in 201106 March 2012, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico for December 2011 were 4.8Mt. This was 16% higher than shipments in December 2010.Although sales continued a trend of increases begun in May, the exceptionally large increase in December was in part because of unexpectedly mild weather conditions. Shipments for 2011 were 72.2Mt, up by 3% from those of 2010. The leading producing states in December were Texas, California, Missouri, Florida, and Pennsylvania... |
Titan America receives air permit for Carolinas project, USA01 March 2012, Published under Cement NewsOfficials from Carolinas Cement Company announced that the Division of Air Quality of the North Carolina Department of Environment and Natural Resources (NCDENR) has issued an air quality permit to parent company Titan America LLC to construct a cement plant in Castle Hayne. The issuance of the Permit comes after four years of technical review of the proposed facility to ensure it will comply with North Carolina's air quality regulations and standards. The permit was issued after extensive ... |
GCC sees improved sales in USA and Mexico29 February 2012, Published under Cement NewsMexican cement producer Grupo Cementos de Chihuahua (GCC) reported a 4.9 per cent YoY rise in full year consolidated net sales to MXP7197.4m, as it reported improvements in construction activity in its domestic and USA markets from 2Q11. However, operating income for the year fell 18.5 per cent YoY to MXP464.3m while EBITDA was down 9.8 per cent to MXP1359.4m. Net sales in the 4Q11 reached MXP1996,7m, up 18 per cent over the same period of last year thanks to higher sales in both market... |
Boral’s first half profit falls, Australia29 February 2012, Published under Cement NewsAustralian building materials producer Boral’s turnover in the six months to the end of December improved by 1.9% to AUD$2,433m (€1,976m) while the EBITDA declined by 11.9% to AUD$237m (€192m) and the trading profit falling by 26.9% to AUD$109m (€86m). The net interest charge is now on the way up again and it rose by 9.7% to AUD$34m (€27m) and the pre-tax profit fell by 35.9% to AUD$75m (€61m). Net debt at the end of December rose by almost 2½ times to AUD$1,544m (€1,254m) to give a gearing ... |
Ash Grove Utah plant wins top safety award28 February 2012, Published under Cement NewsThe Ash Grove Cement Company’s Leamington, Utah, plant won top honors in the company’s annual L.T. Sunderland Safety Excellence Award competition for 2011.Since 2006, eight Ash Grove cement plants and two grinding facilities have competed to earn the award. Each facility is evaluated on an extensive matrix of data that is focused on health and safety process and results. The Ash Grove Safety Leadership Steering Committee scores each of the health and safety metrics used in selecting the b... |
Cements Argos: positive outlook after strong 2011 results27 February 2012, Published under Cement NewsCementos Argos, Colombia's largest cement producer, achieved more than COP3.6bn (US$2bn) in consolidated revenues for FY2011, representing YoY growth of 21% in peso terms as it reported strong performances in its Colombian and Caribbean divisions. In the US, results were still affected by the challenging conditions although the company sees interesting recovery prospects ahead. According to latest figures from Cements Argos, EBITDA for the year increased by 26% in peso terms to COP682m (U... |
Catskill plant closure to be made permanent, USA24 February 2012, Published under Cement NewsHolcim is reportedly permanently closing its Catskill plant in the state of New York, USA, according to a local news report which cites notice given to the Department of Environmental Conservation which seeks permission for Holcim to dispose of cement production waste remaining at the plant. Last June, Holcim mothballed the plant citing poor economic conditions but left open the possibility that one day the plant could reopen. At the time, the company said it would maintain permits... |
FCC may delay sale of US unit24 February 2012, Published under Cement NewsFomento de Construcciones & Contratas SA (FCC) of Spain may delay the sale of its US business after receiving offers below expectations, El Confidencial reports. FCC had wanted EUR600m for the unit, however, potential buyers do not see economic recovery yet that will revive cement demand, the newspaper noted, citing unidentified sources. |