Cement News tagged under: United States

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Eagle Materials launches strategic review

22 April 2019, Published under Cement News

Eagle Materials Inc, USA, has launched a strategic review of its portfolio of businesses, including heavy materials, light materials, and oil and gas proppants. The review will be conducted by its Board of Directors and management team, with the support of independent financial advisors. “As part of the portfolio review, the Company will carefully consider the full range of options focused on enhancing the value creation potential of Eagle, including separating the businesses and evaluatin...

GCC announces 11% sales increase for 9M18

24 October 2018, Published under Cement News

Mexico's Grupo Cementos de Chihuahua (GCC) has recorded an 11.1 per cent YoY increase in sales to US$677.4m for the first nine months of 2018. EBITDA surged 16.3 per cent to US$198.6m in the same period, while its EBIDTA margin reached 29.3 per cent. In the 3Q18 net sales advanced 10.6 per cent YoY to US$278.6m from US$251.9m. EBITDA was also up 9.2 per cent to US$83.6m, compared with US$76.6m of the year-ago period. "GCC's third quarter and nine-month results show continued success in i...

Monarch Cement appoints new president

29 December 2017, Published under Cement News

Kent Webber has been appointed president of Monarch Cement Company, Kansas (USA). Webber has been with Monarch since 2013, first as the company’s subsidiary operations manager at Kansas Building Products in Wichita, and most recently as its executive vice president. He succeeds Walter Wulf, who earlier this month resigned as president. Wulf will continue his role as board chairman. The Monarch Cement Company serves Arkansas, Iowa, Kansas, Missouri, Nebraska, and Oklahoma from its Humbold...

United States: Vallejo blocks plans for new Ecocem plant

08 March 2017, Published under Cement News

An application for planning permission to build a new EUR45m (US$47.5m) grinding mill in Vallejo, California, has been refused by the local government, the Irish Times reports. Orecem Americas, a subsidiary of Ireland's Ecocem, had put forward the plans to build the plant, but residents had raised concerns that it would lead to an increase in the number of heavy trucks on local roads and would itself generate pollution. Vallejo's planning commission rejected the application by a six-to...

United States: St Marys Cement Detroit plant releases dust

08 March 2017, Published under Cement News

Residents living near St Marys Cement’s Detroit plant have complained of releases of dust by the plant, according to reports in the local press. News website Local 4 details the case of a family living opposite the plant whose car was coated in material that proved difficult to remove. A statement released by the plant, which is owned by a subsidiary of Votorantim Cimentos, said that: “the timing did correspond with a period of time when dust was released during the course of performin...

Cemex will ‘gladly’ supply materials for Trump border wall

02 March 2017, Published under Cement News

Cemex board Chairman, Rogelio Zambrano, has stated that Cemex would be happy to give estimates for the supply of cement to companies building the US-Mexico border wall, Reuters reports. Last Friday the US government said that it would release a request on or around 6 March, inviting companies to submit designs for the new wall. "If one of our clients asks us for a quote for materials, we have the responsibility to do it," a Cemex spokesman said but added that no such request had yet be...

USA: Summit cement profits rise 45% on back of higher volumes and prices

24 February 2017, Published under Cement News

In a trading statement for 2016, Summit Materials has announced that profits at its cement business rose by 45.1 per cent YoY, with volumes rising by 37 per cent and prices increasing by 7.5 per cent. Summit’s cement segment produced revenues of US$250m in 2016, with profits reaching US$127m in the same period. The business produced 2.14Mt of cement over the year, of which 0.6Mt was produced in the 4Q16. Summit’s profitability was improved by the rising price of cement. In 2015 its ave...

United States: Maine representatives call for vigilance over McInnis plant

16 February 2017, Published under Cement News

Congressional representatives for the state of Maine have written to US Trade Representative, Maria Pagan, calling on her to ensure that cement imports from McInnis’s new Port-Daniel-Gascons plant do not unfairly compete with domestic firms. In a letter to Ms Pagan, the four representatives state that McInnis’s project has received support from the government of Quebec which could be in violation of Canada’s international obligations under WTO rules. The letter specifically cites the c...

The world in 2016 and outlook for 2017

10 February 2017, Published under Cement News

This year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por...

LafargeHolcim's Olsen welcomes US infrastructure pledge

18 January 2017, Published under Cement News

Eric Olsen, CEO of LafargeHolcim, has welcomed President-elect Donald Trump’s commitment to increasing infrastructure spending in the United States, CNBC reports. "We've believed for many years the US needs a significant boost in infrastructure, if you look at the status of bridges, roads... core infrastructure in the US needs real investment and we're heartened to see that that's coming", Mr Olsen said. "Infrastructure payments typically pays off 2.5 times for what you do. You need to...