Cement News tagged under: USA
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 ... |
Coal price to come down, freight rates to harden20 December 2017, Published under Cement NewsChinese coal prices, which have fluctuated between CNY550-750/t (US$83.60-114/t) in the past two years, are set to ease going forward, as it is anticipated that the country's policy makers will allow Chinese miners to increase production again in response to prices reaching the upper range of US$100/t in Newcastle. Coal producers outside China are also ramping up production, tempted by the higher prices realised in 2017. US exports have been reported to expand at the highest pace in the l... |
GCC reports record 11M cement sales14 December 2017, Published under Cement NewsGrupo Cementos de Chihuahua SAB de CV (GCC) reports total cement sales volumes for the company reached almost 4Mt for the January-November period, a new record for the company. GCC's total cement sales volumes increased 18.2 per cent in the first 11 months of 2017, after strong cement sales in October and November in the USA. GCC's Chief Executive Officer, Enrique Escalante, said: "GCC reached record cement sales volumes as a result of strong demand and high level of backlog in our co... |
Elementia restructures debt with new seven-year loan05 December 2017, Published under Cement NewsElementia, SAB de CV has announced that it obtained a loan from Citi Banamex for MXN925m (US$49.6m) over a seven-year term, with payments beginning in the first half of 2020, given its two-year grace period. The financial restructuring is part of its strategy to strengthen its balance sheet and maintain its profitable growth. The loan successfully concludes the company's commitment, as announced in 2016, of exchanging short-term for long-term debt during 2017. The proceeds will be used to... |
US cement market stable in September29 November 2017, Published under Cement NewsTotal shipments of Portland and blended cement in the USA remained stable YoY at around 8.75Mt in September 2017, according to the US Geological Survey (USGS). The five largest cement markets in the US were Texas, California, Florida, Ohio and Illinois (in descending order) and their demand accounted for around 36 per cent of domestic shipments.The leading producing states were Texas, Missouri, California, Michigan and Florida (in descending order), accounting for around 40 per cent of do... |