Cement News tagged under: USA
USA: Roanoke Cement OSHA safety recognition04 November 2016, Published under Cement NewsRoanoke Cement Co’s Richmond site in Virginia, has been awarded admission to US Occupational Safety and Health Administration (OSHA)’s Safety and Health Achievement Recognition Programme (SHARP). SHARP recognises small business employers who have succeeded with operating exemplary injury and illness prevention. Admission to SHARP highlights individual sites as a model for worksite safety and health. This achievement is especially important for Roanoke’s Richmond site and the state of Virg... |
USA: Martin Marietta 3Q16 cement sales generate US$60.1m02 November 2016, Published under Cement NewsMartin Marietta's 3Q16 results showed its cement business generated US$60.1m of net sales and US$29.7m of gross profit for the company. EBITDA growth for the company in the 3Q16 was US$32.8m, representing a 30.1 per cent increase on the US$248.2m for the same period in 2015. The company sees improving conditions in most Texas markets despite cement and aggregate shipments being negatively impacted during the 3Q16 by department of transportation project delays and slower activity in the so... |
Portland Valderrivas board approves Giant 55% sale to Elementia31 October 2016, Published under Cement NewsThe board of Spain’s Cementos Portland Valderrivas has formally approved the sale of a 55 per cent stake in its US unit Giant Cement Holding to Mexico’s Elementia, owned by Carlos Slim, who owns a 35.6 per cent holding in the Mexican company via his Grupo Carso. The deal includes a US$220 capital increase in Giant with subscription rights granted to Elementia, who will extend a loan of US$305m to the US unit. Giant’s parent company, FCC, has also given the go-ahead. Slim’s holding com... |
Eagle Materials’ 1H16 profit rises by 55%28 October 2016, Published under Cement NewsEagle Materials' 1H16 turnover to the end of September, including its share of the Texan cement joint venture with HeidelbergCement, improved by 1.7 per cent to US$682m. The trading profit advanced by 54.5 per cent to US$166.2m. After a net interest charge that was 8.3 per cent higher at US$9.6m, the pretax profit improved by 58.7 per cent to US$156.6m. The tax charge was 64 per cent higher, leaving the net attributable profit 56.2 per cent ahead at US$105.6m. Turnover from cement was 6... |
USA: Hagerstown plant US$96m upgrade26 October 2016, Published under Cement NewsHolcim (US) has completed a US$96m upgrade on its Hagerstown plant, Maryland. The facility has existed for over 100 years and according John Stull, CEO of US operations for LafargeHolcim, the latest improvements "really should help this plant to serve the community for another 20 to 30 years.” The project, during which the plant remained operational, took two years to complete and complies with federal environmental regulations. Oliver Terver, Hagerstown plant manager, spoke of the company... |
USA: Elementia intends to buy 55% of Giant Cement14 October 2016, Published under Cement NewsElementia of Mexico, 49 per cent owned by billionaire Carlos Slim, said it had signed a letter of intent to purchase 55 per cent of Giant Cement Holdings Inc, a wholly-owned unit of Cementos Portland Valderrivas of Spain. Currently, Giant has an accumulated debt of approximately EUR437m in a securitised bond issue, says dirigentesdigital. At the same time, Cementos Portland has signed a loan of EUR553m to repay part of its debt, amounting to EUR1114m according to the Spanish source. Ceme... |
US fundamentals remain strong14 October 2016, Published under Cement NewsShould investors be worried about the apparent slowdown of US cement shipments in recent months? The IMF has revised down its US growth estimates from 2.6 to 1.6 per cent for 2016 and construction is expected to see a deceleration. A flow of company warnings have been issued with Buzzi Unicem Inc seeing volumes down by double digits in Texas and down 3-4 per cent in the Midwest. HeidelbergCement has also indicated that its August volumes have been below expectations in California and so... |
USA: centenary up for Victorville plant12 October 2016, Published under Cement NewsCemex Victorville has been celebrating its 100th-year anniversary in producing cement in the Victor Valley for customers in California and western USA. The plant, which opened its doors on Labor Day in 1916, was recognised by the San Bernardino County Board of Supervisors for the company's contributions as "a cornerstone" of the local economy and a community partner. "Cemex has been a tremendous company in our community," First District Supervisor Robert Lovingood said. "For a century, gen... |
USA: public asked for their comments on Martinsburg plant's future27 September 2016, Published under Cement NewsFederal regulators are seeking public opinion on one aspect of the pending US$4.2bn merger between HeidelbergCement and Italcementi that will include a change in ownership for Essroc Cement Corp and the Martinsburg cement plant, West Virginia. The Federal Trade Commission (FTC) have raised concenrs about the likelihood that the sale of the Martinsburg cement plant to Argos USA LLC for US$660m would likely harm competition in five US markets - Indianapolis, Baltimore-Washington, DC, Syracus... |
USA: concerns over plant location near school23 September 2016, Published under Cement NewsThe National Association for the Advancement of Colored People (NAACP) has raised concerns over the location of a cement plant in Tuscaloosa, Alabama, as is it situated across from a school. It is reported that dozens of mixing trucks pull into the site every day, stirring dust into the air. The worry is that dust particles and chemicals being used may be detrimental to the health of students at a school. NAACP director, Jerry Carter said, “We can't have a concrete batching plant right ac... |