Cement News tagged under: USA

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PCA: Congressional uncertainty could curtail future growth

03 August 2012, Published under Cement News

With the first half of 2012 experiencing favorable weather conditions, gains in residential and nonresidential construction activity and robust gains in cement intensities, the new forecast from the Portland Cement Association (PCA) nearly doubles the expected increase in cement consumption for the year. PCA revised its spring forecast upward, anticipating a 6.9 per cent increase in 2012 from 2011 levels, followed by a 5.8 per cent jump in 2013 and a double-digit increase of 10.9 per cent...

Eagle improves in both cement & plasterboard, USA

03 August 2012, Published under Cement News

In the first quarter of its financial year to 31 March 2012, Eagle Materials’ turnover, including its share of the Texas Lehigh cement joint venture, rose by 25.9 per cent to US$177.7m. The pre-tax profit rose 19-fold from US$1m to US$19.9m, after charging net interest costs that were 17.8 per cent lower at US$3.8m. Net attributable profit jumped from US$0.8m to US$14m and the net debt was 12.5 per cent lower at US$290.0m to give a gearing level of 64.5 per cent, down from 72.3 per cent a y...

Cemex bolstered by improving US sales

30 July 2012, Published under Cement News

Cemex has reported an improved profit line for the first-half of 2012, as sales from its US division move into long-awaited positive territory signalling that the debt-laden producer could be heading in the right direction despite declines in its two biggest markets of Mexico and Europe.   The company's first half turnover declined by 2.1 per cent to US$7373.1m but EBITDA improved 9.4 per cent to US$1273.2m and the trading profit rose 40.7 per cent to US$611.9m. Meanwhile, in the second-qua...

US operations boost Cemex’s second quarter results

23 July 2012, Published under Cement News

Cemex has reported its highest quarterly EBITDA since the third quarter of 2009 as a pick-up in US operations helps to offset declines in Europe and Mexico. Net sales reached US$3.9bn during the second quarter of 2012, an increase of 1% on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, versus 1Q11. Operating EBITDA increased by 11% during the quarter to US$702m versus the same period in 2011. On a like-to-like basis, operating EBITDA increased by ...

US monthly shipments rise 17.5 per cent YoY

16 July 2012, Published under Cement News

Total shipments of Portland and blended cement in the US and Puerto Rico for April 2012 were almost 6.7Mt, 17.5 per cent higher than shipments in April 2011, data from the US Geological Survey (USGS) shows. Shipments for the year through April were 21.9Mt, up by about 19%. The leading producing states in April were Texas, Missouri, California, Florida, and Pennsylvania, in descending order and accounted for 43% of total output. The leading consuming States (Texas, California, Florida, Oh...

Texas Industries returns to full-year profit

12 July 2012, Published under Cement News

Texas Industries' turnover increased by 4.1% to US$647m in the financial year to the end of May, and the EBITDA jumped from US$13.2m to US$33.6m. After an interest charge 26.8% lower at US$34.4m, the running loss dropped from US$34.4m to US$1.2m and a the pre-tax profit of US$8.5m was achieved, compared with a US$106.8m loss in the previous accounting year.  Net debt at the end of May was 6.4% higher at US$570.1m giving a gearing level 6.0% higher at 81.7%.    "The pace and magnitude of ...

TXI appoints three additional directors

12 July 2012, Published under Cement News

Texas Industries, Inc announced the addition of Sean Foley, Bernard Lanigan and Tom Ryan to its Board of Directors. "We are delighted to have found directors of the quality and experience of Sean, Bernie, and Tom to join TXI," stated Bob Rogers, Chairman of the Board. "Given the improvement in construction activity, the near completion of additional cement capacity, the high quality of the Company's assets and the markets we participate in, this should be an exciting time for them to be a p...

CRH first-half development spend EUR0.25bn

03 July 2012, Published under Cement News

CRH plc has completed 18 acquisition and investment initiatives undertaken during the first-half of 2012. The 18 transactions, comprising five in Europe and 13 in the Americas, bring first-half development spend for the Group to approximately €0.25bn, the group said in a development strategy update today. The European deals amounted to an investment of EUR155m. These transactions include a significant addition in Germany to the company’s RMI-oriented Shutters & Awnings business and two ac...

CalPortland Rilitto plant earns EPA's Energy Star®, USA

28 June 2012, Published under Cement News

CalPortland's Rillito cement plant, located in Arizona, has earned the US Environmental Protection Agency's (EPA's) ENERGY STAR® certification. "CalPortland is pleased to accept EPA's ENERGY STAR certification in recognition of our energy efficiency efforts," said David Bittel, Rillito Plant Manager. "Through this achievement, we have demonstrated our commitment to environmental stewardship while also lowering our energy costs." Earning ENERGY STAR certification highlights the Rillito Ce...

PCA Chair stresses the need for resilience at Rio+20

19 June 2012, Published under Cement News

PCA Chairman of the Board Aris Papadopoulos called on the business leaders of the world to include resilient construction into public policy at the Rio+20 Corporate Sustainability Forum in Rio de Janeiro. Papadopoulos, CEO of Titan America, said that just building 'green' was not enough to protect human lives and business investment. "To me the conversation on sustainability was missing one element – resilience. Urbanisation investment over the next 20 to 30 years will exceed all such inves...