Cement News tagged under: usa
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. |
Essroc agrees to pay fine on reporting violations, USA23 February 2012, Published under Cement NewsEssroc Cement Corporation has agreed to pay a US$82,000 fine for alleged violations. The US Environmental Protection Agency (EPA) imposed the fine to settle alleged violations of toxic chemical reporting requirements at Essroc’s plant in Nazareth, PA. According to the EPA, a June 2011 inspection revealed that Essroc did not submit annual reports for lead for three years (2006-08) when the company processed lead in amounts exceeding 130,000lbs annually. The EPA highlighted that the settleme... |
CRH announces US management changes21 February 2012, Published under Cement NewsCRH has announced a number of changes within its management team in the USA, effective as of 20 February 2012. The appointments are as follows: Doug Black (47), currently Chief Executive of CRH's Americas Materials Division, is appointed to the newly created position of President and Chief Operating Officer, Oldcastle, Inc. (the holding company for CRH's operations in the Americas) and will report to Mark Towe, CEO of Oldcastle. Randy Lake (46) will succeed Doug as CEO of Americas Mate... |
Vulcan's overall losses reduce, but rise in cement17 February 2012, Published under Cement NewsVulcan Materials' turnover edged ahead by 0.2% last year to US$2,564.6m and the EBITDA, which had dropped by 32.4% in 2010, recovered by 18.8% to US$440.4m. Excluding exceptional items, the EBITDA emerged at some US$353ms. After a net interest charge 20.2% higher at US$217.2m, the pre-tax loss was reduced by 20% to US$153.7m and the net loss reduced by 26.7% to US$70.8m. Capital expenditure, after two years of decline, increased by 14.6% to US$98.9m and is expected to be around US$100m th... |
USA: Lehigh proposes land swap14 February 2012, Published under Cement NewsUnder a proposal with Lehigh Southwest Cement Co, the Shasta-Trinity National Forest around Lake Shasta could grow by about 246 acres. Lehigh Southwest Cement wants to swap about 78 acres of Forest Service land near its Mountain Gate plant for about 246 acres it owns near the McCloud arm of Lake Shasta. Jim Ellison, plant manager at Lehigh, said his company has been using the 78 acres for roads under permit from the forest service for power line access and other uses, he said. He s... |
US November shipments up 5%03 February 2012, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico for November 2011 were 6.2Mt, data from the US Geological Survey showed. This was 5% higher than shipments in November 2010. Shipments for the year through November were 67.3 Mt, slightly higher than those of the same period in 2010. The leading producing states in November were Texas, California, Missouri, Pennsylvania, and Michigan, in descending order and accounted for about 42% of the total production.... |
Eagle's results hit by negative arbitration award03 February 2012, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, Eagle Materials turnover for the first nine months to 31 December, rose 4.7% to US$442.7m. Trading profit, before corporate overheads, declined 13.7% to US$49.4m, of which cement contributed 79.9%. The actual trading profit before exceptional items fell by 17.6% to US$36.8m. After a net interest charge 1.9% higher at US$13.4m and exceptional charges of US$11.2m, that includes a US$9.1m arbitration award against the group, the ... |
Martin Marietta continues pursuit of Vulcan26 January 2012, Published under Cement NewsMartin Marietta Materials Inc, which began a hostile takeover of Vulcan Materials in December, released a list of five people it is pushing for election on Vulcan Materials' board of directors at Vulcan's annual meeting. North Carolina-based Martin Marietta filed a proxy statement with the Securities and Exchange Commission on Tuesday in connection with the proposal. It said in the statement it believes Vulcan's current board is not acting in the company's best interest.. "Vulcan refus... |
Martin Marietta bid backed by large shareholder23 January 2012, Published under Cement NewsOne of the largest shareholders of both Vulcan Materials Co and Martin Marietta Materials Inc (MLM), South Eastern Asset Management Inc, has backed the proposed combination of the two companies. Southeastern said it supports Martin Marietta’s hostile bid for Vulcan, according to reports by Bloomberg. Towards the end of last year, Martin Marietta offered to exchange 0.5 shares for each Vulcan share, in a swap originally valued at US$4.7bn. “Southeastern believes the proposed combination... |