Cement News tagged under: USA
US cement demand up 3% in 201818 March 2019, Published under Cement NewsApparent domestic consumption advanced 2.9 per cent from 97.4Mt in 2017 to 100.2Mt in 2018, according to the US Geological Survey (USGS). The higher sales volumes were supported by an increase in the average cement price from US$121/t in 2017 to US$126.50/t the following year. The rise in cement sales was attributed to a modest increase in construction spending as housing and public construction saw higher spending. The leading cement-consuming states continued to be Texas, California ... |
LafargeHolcim acquires Colorado River Concrete13 March 2019, Published under Cement NewsLafargeHolcim has completed its second US acquisition of 2019, adding Texas-based Colorado River Concrete to its list of ready-mix producers. The company serves customers in the southwestern Dallas/Fort Worth area and parts of west Texas. The new deal follows the acquisition of Transit Mix Concrete Co on 1 February this year. |
LafargeHolcim's Ravena plant to fight for waste tyre burning05 March 2019, Published under Cement NewsLafargeHolcim has urged local residents near to its Ravena cement plant to defeat a new law that would prevent the cement company from burning tyres. Last week the company took out a full-page advertisement in the local paper to promote its cause. A new proposal would prevent the burning of waste tyres. Drafted last summer, the new measure plans to set the strictest national limits on tyre burning and emissions of dioxins and furans, mercury, SO x and NO x . The Ravena plant's current air... |
Eagle Materials to make CEO transition in July05 March 2019, Published under Cement NewsUSA-based Eagle Materials has announced that Dave Powers, CEO, will retire from this role on 1 July 2019. Mr Powers will remain on the board of directors and will be succeeded by Michael Haack, the current president and COO at the company. "Michael has been instrumental in building upon the company’s enviable low-cost positions and sustainable advantages, particularly as they relate to the scale of operations that Eagle represents today," said Rick Stewart, chairman. "We are also enormously... |
Lehigh Cement wins Governor's Workspace Safety Award01 March 2019, Published under Cement NewsLehigh Cement Company LLC (Lehigh Hanson, Inc), was awarded the Governor's Workplace Safety Award in the medium-size business category for innovation at the company's Mitchell, Indiana, plant. The Governor's Workplace Safety Awards are a result of a collaboration among the Indiana Department of Labor on behalf of Governor Eric J Holcomb, the Indiana Chamber of Commerce and the Central Indiana Chapter of the American Society of Safety Engineers. Governor Eric J Holcomb recognised winners ... |
GCC looking for additional US assets27 February 2019, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) is exploring options for mergers and acquisitions in different markets, particularly the USA, according to CE Noticias Financieras. "In terms of growth in the US we are actively seeking expansions, mergers and acquisitions and that does not necessarily exclude completely that we could not expand through special capex," said GCC Director Enrique Escalante. In June 2018 GCC acquired the 0.315Mta Trident cement plant in Three Forks, Montana, from CRH. |
Cement import into USA draws US$506,250 OFAC penalty25 February 2019, Published under Cement NewsThe US Treasury Department’s Office of Foreign Assets Control (OFAC) has reached a US$506,250 settlement with ZAG International, based in Newtown (CT), for illegally sourcing clinker from Iran. Between 11 July 2014-15 January 2015, ZAG International purchased 263,563t of Iranian-origin clinker via a supplier in the UAE, which was then resold by the company to a customer in Tanzania. ZAG’s actions violated the Iranian Transactions and Sanctions Regulations. OFAC said ZAG’s managing direct... |
Martin Marietta Materials achieves record volumes and profits13 February 2019, Published under Cement NewsUS-based Martin Marietta Materials saw turnover advance by seven per cent in 2018 to US$4244.3m. EBITDA was 8.6 per cent ahead at US$1103.8m, but the final quarter showed a 5.9 per cent decline. The trading profit eased by 1.4 per cent to US$690.7m, while interest charge increased by 49.8 per cent 137.1m, giving a pretax profit 6.9 per cent lower at US$576.1m. A tax charge compared with a credit in the previous year gave a net attributable profit 34.1 per cent lower at US$470m. The compan... |
LafargeHolcim appoints new CEO of US Aggregates and Construction Materials business11 February 2019, Published under Cement NewsLafargeHolcim has announced the appointment of Jay Moreau as the new CEO of its US Aggregates and Construction Materials business. Mr Moreau joins the company from Martin Marietta, where he most recently served as senior vice president of Operations Services. "Jay has a proven track record in this industry, and his expertise and strong focus on commercial growth and operational excellence will be valued contributions to LafargeHolcim in the US," said René Thibault, group executive committe... |
Boral releases revised FY19 guidance06 February 2019, Published under Cement NewsBoral Ltd announced that it expects net profits after tax for 1HFY19 to be around AUD200m (US$142.6m) and EBITDA to be approximately AUD483m. Excluding the impact of lower earnings due to the sale of Denver Construction Materials (in July 2018) and Texas Block (in November 2018), EBITDA for the 1HFY19 is expected to be broadly steady. EBITDA growth from Boral North America is likely to be offset by lower earnings in Australia and a lower contribution from USG Boral. Boral's FY19 EBITDA is ... |