Cement News tagged under: USA
Argos records revenues of COP2.2trn in 1Q2006 May 2020, Published under Cement NewsIn the first three months of 2020, Argos (Grupo Argos) reported revenues of COP2.2trn (US$5.6bn), a figure that remains stable when compared to 2019. EBITDA, including the effect of IFRS16, was COP343bn, decreasing one per cent when compared to the same quarter of the previous year. During the period, the total volume of cement dispatched reached 3.6Mt, down 6.1 per cent, and ready-mix volumes fell 10.7 per cent to 2.1Mm 3 . "In general, the results were impacted mainly because of the clo... |
GCC sees 11% rise in consolidated net sales for 1Q2030 April 2020, Published under Cement NewsMexico’s Grupo de Cemento de Chihuahua (GCC) has announced an 11 per cent increase in consolidated net sales to US$181.4m for the first quarter of 2020. EBITDA also advanced 18.4 per cent YoY to US$45.3m from US$38.3m, with the EBITDA margin rising to 25 per cent from 23.4 per cent. "Both our divisions delivered strong results in the first quarter of the year, as the economic impacts of the pandemic weren't fully realised until late in the quarter. All of our operations are running at a st... |
US Portland and blended cement market expands 7% in January27 April 2020, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the US and Puerto Rico increased by 7.4 per cent YoY to 6.9Mt in January 2020, according to data from the US Geological Survey (USGS). Around 47 per cent of total shipments were received by the five leading cement-consuming states – Texas, California, Florida, Georgia and North Carolina. Product was mainly manufactured in Texas, California, Florida, Missouri and Alabama. Masonry shipments slipped to 190,000t in January 2... |
PCA writes to President Trump24 April 2020, Published under Cement NewsMichael (Mike) Ireland, president and CEO of the Portland Cement Association (PCA), has written to US President Donald Trump to express the need to restart public works programmes and designate the cement industry as an 'essential industry' that is also listed as a 'critical manufacturing' industry with the Department of Homeland Security. "Increasingly, the COVID-19 crisis and necessary government response activities, including travel restrictions, shelters in place, quarantines, and oth... |
US cement shipments up 8% in December21 April 2020, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the US and Puerto Rico in December 2019 increased eight per cent YoY to 6.7Mt, according to newly-released data from the US Geological Survey (USGS). The leading cement-consuming states were Texas, California, Florida, Georgia and Ohio, which received 45 per cent of the total. Leading producing states were Texas, Missouri, California, Florida and Alabama. Masonry cement shipments rose by 9.7 per cent YoY to 164,000t in D... |
US growth settles down20 April 2020, Published under Cement NewsWhile the US economic cycle is expected to reach maturity in 2020-21, its construction market is forecast to remain relatively robust. As a result, the Portland Cement Association (PCA) forecasts modest growth for the cement sector in the medium term. By Ed Sullivan, PCA, USA. Figure 1: US economic growth, 2001-23 The United States economy and construction market are expected to remain relatively strong during 2020-21. However, the economy is entering a mature stage in the busin... |
Eagle Materials sells non-core concrete and aggregates assets20 April 2020, Published under Cement NewsEagle Materials Inc announced it has sold its Western Aggregates and Mathews Ready Mix operations for US$93.5m to Teichert, a California-based construction company. Western Aggregates vested-rights-to-mine covers 3900 acres and includes over 900Mt of aggregates. Mathews Ready Mix assets include three concrete batch plant locations and 26 trucks. Michael Haack, Eagle Materials president and CEO, said: “This transaction represents the sale of non-core assets on the heavy-side of our com... |
Cementos Argos reopening Colombian plants16 April 2020, Published under Cement NewsCementos Argos announced it will be partially reopening its operations in Colombia to supply the public works that were given the go-ahead by Decree 531 of April 2020. The Rioclaro works in Antioquia as well as a limited number of concrete plants will open, in line with health and safety guidance defined by the authorities, according to Valora Analitik. "The company is ready to scale up its operation in the country once the activity of construction of buildings and the commercialisation of... |
Lehigh Cement releases 54 employees at Glen Falls plant16 April 2020, Published under Cement NewsLehigh Cement has laid off 54 of its 90 employees at its Glen Falls plant, New York state, USA, in the wake of a construction slowdown attributed to the spread of COVID-19. The company plans to discontinue most of its cement production at its Glens Falls plant, as well as operations at its quarry in Moreau, said David Dreyer, the plant manager. "The layoffs are expected to be temporary and will take effect over the next two weeks," Dreyer added. "Lehigh will begin paying 100 per cent of af... |
Eagle Materials appoints new board member16 April 2020, Published under Cement NewsUSA-based Eagle Materials has appointed Mary Ricciardello to its board of directors. Ms Ricciardello’s previous experience includes seven years on the board of US Concrete. “We are extremely pleased to have Mary join our board. Mary is a proven leader and will be a great complement to the strong leaders on our board today. The addition of Mary to the board is also timely in that it provides additional flexibility in light of prospective board needs as we plan for the separation of Eagle M... |