Cement News tagged under: USA
Argos consolidated EBITDA jumps 31% in 1Q1814 May 2018, Published under Cement NewsArgos has announced revenues of COP1.9trn (US$670m) and a net profit of COP54.bn in the first three months of 2018. EBITDA increased 31 per cent YoY to COP371bn. However, cement sales fell by 4.1 per cent to 3.7Mt while concrete sales volumes fell 7.5 per cent to 2.4Mm 3 . The lower volumes have been attributed mainly to the winter season that affects some US states to a greater extent as well as a large number of holidays in Colombia and the Caribbean. Demand from the housing segment was ... |
Imbalances yet to surface in Trump’s US economy09 May 2018, Published under Cement NewsICR took a moment to talk to Ed Sullivan, Portland Cement Association’s vice president and chief economist of Market Intelligence, to understand more about how the US economy is faring and what factors might yet cause a brake on cement demand going forward. Figure 1: impact of different outcomes of the tariff issue on the economy and cement sector ICR: What is the current PCA forecast for economic growth in the USA in 2018-19? Ed Sullivan (ES) : Good, very good. We are well in... |
Martin Marietta reports a weak Q1 on lower volumes09 May 2018, Published under Cement NewsMartin Marietta Materials, which last month completed its acquisition of Bluegrass, then the largest privately-held US aggregates company, has announced a first-quarter turnover five per cent below the comparable period last year at US$802m, while EBITDA showed a 16.5 per cent reduction to US$123.3m. The trading profit declined from US$77.2m to US$39.1m, a 49.4 per cent fall. After a net interest charge that was 67.9 per cent higher at US$35.1m and after other items, the pretax profit emerge... |
Cemex reports increase in net sales in 1Q1827 April 2018, Published under Cement NewsCemex has announced a 92.3 per cent YoY fall in profit for the 1Q18, decreasing from US$336m to US$26m. The sharp decline has been attributed to higher operating expenses and foreign exchange loss. Operating EBITDA declined four per cent to US$535m, while the EBITDA margin was down 1.9 per cent YoY at 18.8 per cent. However, the company has recorded an eight per cent increase in overall net sales to US$3.38bn from US$3.14bn. Consolidated cement volumes increased by one per cent to 1... |
GCC quintuples consolidated net income in 1Q1825 April 2018, Published under Cement NewsGrupo Cementos Chihuahua (GCC) reported a 13.6 per cent YoY rise in net sales to US$188.7m in 1Q18. The Mexico-based cement producer saw its EBITDA rise by 40.6 per cent to US$45.9m during the first quarter and improved its EBITDA margin from 19.6 per cent in 1Q17 to 24.3 per cent in 1Q18. Consolidated net income more than quintupled YoY to US$11.3m from US$1.7m in 1Q17. An 18 per cent rise in Mexican sales and an 11.9 per cent increase in US sales were key drivers to the improved results. ... |
Dan Harrington to Head Cementir North America12 April 2018, Published under Cement NewsDaniel Harrington will be heading up Cementir Holding’s Region North America following the company’s acquisition of Lehigh White Company. The newly-formed Region North America consists of the North American cement production and distribution operations of Lehigh White Ceemnt and the group’s existing US concrete products company, Vianini Pice Inc. Mr Harrington previously served as President and CEO of Lehigh Hanson North America where he guided the building materials giant through 201... |
PCA forecasts 3% growth in cement consumption for 201806 April 2018, Published under Cement NewsThe USA-based Portland Cement Association (PCA) has released its Market Intelligence Spring Forecast and envisions modest growth for cement consumption over the next two years, increasing by 2.8 per cent in 2018 and 2019. In 2020 consumption is expected to rise four per cent as positive impacts from potential federal infrastructure spending are likely to come into effect, according to the PCA report. The PCA analysis suggests that infrastructure spending is not likely to occur until the 4... |
US and Puerto Rico cement shipments up 6% in January06 April 2018, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico increased 5.7 per cent YoY to 5.752Mt in January 2018, according to the US Geological Survey (USGS). The top five cement markets were Texas, California, Florida, Arizona and Georgia (in descending order), which accounted for around 51 per cent of total shipments. Total cement deliveries by US producers reached 5.165Mt, up six per cent YoY. The leading producing states were Texas, California, Florida, Missouri and ... |
LafargeHolcim’s Holly Hill awarded EnergyStar certification03 April 2018, Published under Cement NewsLafargeHolcim’s Holly Hill cement plant is one of the 93 manufacturing plants that has been awarded EnergyStar certification for superior energy performance in 2017. The EnergyStar programme is awarded by the US Environmental Protection Agency (EPA) and honours companies which reach the top 25 per cent of energy performance in their industries. ”Earning EnergyStar certification is a real mark of excellence, highlighting companies that are leaders in cutting energy costs and reducing w... |
Leading cement producers: 2017 overview29 March 2018, Published under Cement NewsOn the whole, 2017 was a year of growth for the world's leading cement producers. HeidelbergCement saw its revenues advance by 13.8 per cent YoY, while China's Anhui Conch reported sales growth of 34.7 per cent. Dangote recorded an improvement in revenue of 31 per cent while Cemex, Buzzi Unicem, Vicat and CRH all saw more marginal expansions of between two and 5.1 per cent YoY (see Figure 1). The only major to report a fall in sales revenue was LafargeHolcim, dipping 2.9 per cent as its ceme... |