Cement News tagged under: USA
Cementos Argos sees revenues rise, but Colombia challenges income13 February 2018, Published under Cement NewsArgos reported an improvement in its revenues for 4Q17 with stable sales for the full-year 2017. While EBITDA results fell both for 4Q17 and 2017, adjustment for non-recurring severance payments and anticipated pensions took out some of the sting as adjusted EBITDA margins for 4Q17 and 2017 reached 17.8 and 17.3 per cent, respectively. However, positive dynamics in the USA and the Caribbean and Central America regions could not fully offset a more challenging home market in Colombia and the ... |
Eagle Materials reports 19% YoY rise in sales13 February 2018, Published under Cement NewsEagle Materials reported a 19 per cent YoY rise in revenues to US$359.4m for the third quarter ended 31 December 2017. Cement revenues in 3QFY17-18, including joint venture and intersegment revenues, totalled US$161.6m, up 17 per cent from the comparable period the previous year. The average net sales price during the quarter was US$106.83/t, reflecting a YoY price increase of six per cent. “Operating earnings from Cement for the third quarter were a record $52.5 million and 16% greate... |
US market continues to improve in 201705 February 2018, Published under Cement NewsCement sales in the US increased modestly in 2017 with a value of around US$12.4bn and an apparent consumption of 96.8Mt, up from 94.2Mt in 2016, according to the US Geological Survey (USGS). Production of Portland cement in the US edged up to 85.9Mt in 2017 from 84.5Mt the previous year, but output of masonry cement remained level. Cement was produced at 98 cement works in 34 states plus two plants in Puerto Rico. To meet domestic market requirements, the US imported around 12Mt of c... |
CRH02 February 2018, Published under Cement NewsCRH announced the completion of the sale of its Americas Distribution business for US$2630m at the beginning of January. |
Cementos Argos25 January 2018, Published under Cement NewsArgos USA LLC, a subsidiary of Cementos Argos SA, has sold 13 block manufacturing plants and a construction materials warehouse to Best Block LLC, a subsidiary of Quikcrete. The deal is reportedly worth US$50m. All the assets in question are located in Florida and Georgia and form part of the cement and concrete package acquired by Argos from Vulcan Materials in 2014. |
Summits appoint a new COO05 January 2018, Published under Cement NewsKarl H Watson Jr has been appointed Executive Vice President and Chief Operating Officer of Summit Materials,Inc, succeeding Douglas C Rauh. Tom Hill, CEO of Summit, stated: "We are very pleased to have Karl join Summit. I have known him for years and his depth and breadth of experience in our industry will add impactful leadership to our already strong team. I am confident that Karl will make a great partner as we strengthen Summit for our next phase of growth." Mr Watson said: "I am... |
CRH completes US distribution operation divestment03 January 2018, Published under Cement NewsCRH plc reached an agreement to divest its Americas Distribution business for a total cash consideration of US$2.63bn on 24 August 2017, and the company has announced today that this transaction is now complete. The company said the price achieved from the sale of its US distribution operation to Beacon Roofing Supply represents 16 times earnings before interest, tax, depreciation and amortisation. A note by Dublin-based brokers Davy said in August that CRH’s disposal of its US distributio... |
Timothy Kuebler becomes country manager of Giant03 January 2018, Published under Cement NewsTimothy Kuebler has joined Elementia as the country manager of Giant, reporting to the cement division. Mr Kuebler has more than 30 years of experience in the cement industry. His previous position was as senior vice president for Titan (cement and aggregates). Additionally, Mr Kuebler has worked for Lehigh Cement Company as vice president of sales and marketing in the USA and Canada and he has collaborated with Builders Concrete and Titan Florida Materials companies where he served as vi... |
US Portland and blended cement shipments up 5% in October22 December 2017, Published under Cement NewsTotal Portland and blended cement shipments in the USA and Puerto Rico in October increased 4.9 per cent YoY in October 2017, according to data from the US Geological Survey (USGS). Texas, California, Florida, Ohio and New York were the five largest consuming states (in descending order) and accounted for around 37 per cent of national demand. To meet the total demand of 9.424Mt, some 8.284Mt was delivered from domestic plants while the balance of 1.14Mt was imported. The country’s lea... |
St Marys Cement halts production at Dixon plant22 December 2017, Published under Cement NewsSt Marys Cement has suspended operations at its plant in Dixon, Illinois, reports SaukValley. The plant currently employs 62 workers and the decision is expected to result in 41 job losses. The plant will stop manufacturing cement but continue the grinding process until the inventory is fully depleted, which is likely to be next summer. The decision arrived after the plant was noted to be at a transportation disadvantage. The company’s five other cement plants are ideally located to take ... |