Cement News tagged under: USA
Federated Investors sell shares in Summit Materials Inc18 September 2017, Published under Cement NewsFederated Investors Inc PA lowered its position in Summit Materials, Inc by 65.5 per cent in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,883 shares of the construction company's stock after selling 274,734 shares during the quarter. Federated Investors Inc PA owned approximately 0.14 per cent of Summit Materials worth US$4,183,000 at the end of the most recent reporting period, reports The... |
Monarch Cement sees 7% net profit rise in 2Q1714 September 2017, Published under Cement NewsThe Monarch Cement Co reported in a SEC filing a one per cent YoY increase in consolidated sales from US$45,105,834 to US$45,593,593 in 2Q17. Net profit rose by seven per cent to US$6,026,881 in 2Q17 from US$5,635,139. For the six months ended 30 June 2017, the company’s consolidated net sales reached US$76.835m, up 2.9 per cent from US$74.673m in 1H16. Monarch Cement primarily supplies cement to the markets of Kansas, Iowa, southeast Nebraska, western Missouri, northwest Arkansas and... |
Proposal for solar array at Holcim US Hagerstown11 September 2017, Published under Cement NewsHolcim US Inc is proposing the construction of a 10MW solar power plant on a 120-acre section of its property just south of Antietam Creek, near its cement plant in Hagerstown (MD), USA, according to reports in the Herald Mail-Media. NRG Solar Hagerstown LLC, a subsidiary of NRG Energy Inc, will lease the site for 35 years and build the array to supply up to 20 per cent of power required by the cement plant. The project is expected to provide renewable energy to the plant for at least 20... |
Vulcan reaches agreement to acquire Polaris Materials05 September 2017, Published under Cement NewsVulcan Materials announced that it has reached a definitive agreement to acquire Polaris Materials, an aggregates and logistics company, which serves key California markets from strategically situated operations in British Columbia. The Polaris business includes an aggregates processing plant and deepwater port on Vancouver Island along with associated long term aggregate reserves and five distribution yard outlets in the San Francisco Bay Area and in Long Beach, California. "We are very... |
Cemex contributes to Texas relief effort05 September 2017, Published under Cement NewsCemex announced a total US$500,000 donation for employee and community relief efforts in Texas, USA, after the devastating effects of Hurricane Harvey. Cemex USA has a strong operational and commercial presence in the Greater Houston area, where it is also headquartered. A rapid response effort to provide aid to affected employees and their families has been launched. Fortunately, all Cemex employees are safe. Cemex also established a fund to receive voluntary donations from its personnel ... |
US and Puerto Rico half-year shipments up slightly30 August 2017, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico for the year through June were 44.7Mt, up slightly from those during the same period of 2016, according to the latest figures from the US Geological Survey. Shipments in June 2017 were about 9.4Mt, essentially unchanged from shipments in June 2016. The leading producing states for Portland and blended cement in June 2017 were Texas, California, Missouri, Florida and Michigan, in descending order, and these accounted ... |
Spotlight on CRH25 August 2017, Published under Cement NewsCRH reported 'satisfactory growth' in the first half of this year, with stabilising trends seen in key European markets and EBITDA growth in the Americas more than offsetting reduced activity in Asia due to a challenging market environment in the Philippines. First-half trading highlights for the international building materials group include sales of EUR13bn, two per cent ahead of 2016 and one per cent ahead on a like-for-like basis. EBITDA of EUR1.175bn were up by five per cent YoY and t... |
Florida cement-recycling business turned down25 August 2017, Published under Cement NewsSarasota County Commissioners, in Florida, have turned down a plan to locate a cement-recycling plant near a popular bird sanctuary. The Audubon Society calls the site an ideal location for bird watching. Mr Jim Gabbert had proposed building a 16-acre cement-recycling facility less than a mile away from The Celery Fields. County Commissioner Nancy Detert said she would have approved the plan 25 years ago. "Every town has an area where you kinda send your junk businesses to," said Detert... |
Cemex concrete for bridge reconstruction in Arizona24 August 2017, Published under Cement NewsCemex is supplying concrete for the Cameron Bridge, part of a reconstruction of the Arizona section of Route 89 in the southwestern US. Spanning more than 650ft (approximately 200m), the new bridge includes four lanes for highway traffic, a pedestrian underpass, and other concrete flatwork that is expected to improve traffic flow and road safety. To best meet the project’s construction demands, Cemex installed a remote batch plant at a nearby quarry, which enabled the company to supply mo... |
Summit Materials reports rise in 2Q net income23 August 2017, Published under Cement NewsSummit Materials reported a 15.9 per cent YoY rise in 2Q17 net revenue to US$478.4m, primarily attributable to acquisition-related contributions, increased organic sales volumes across all lines of business, together with improved organic average selling prices in cement and ready-mix concrete. Operating income increased by 75.6 per cent to US$82.4m in the second quarter 2017, when compared to the prior year period. Adjusted EBITDA increased 17.9 per cent YoY to US$135.2m, versus US$114.7... |