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Fitch Ratings raises GCC outlook

Fitch Ratings raises GCC outlook

Fitch Ratings has revised its outlook for Grupo Cementos de Chihuahua (GCC) from 'Stable' to 'Positive.' The upward revision reflects Fitch's view that GCC's operations could g...

Vulcan sells cement assets to Cementos Argos

Vulcan sells cement assets to Cementos Argos

Vulcan Materials has agreed the sale of all of its cement activities, as well as certain downstream assets, to Cementos Argos for US$720m in cash. The deal, which is still subj...

US shipments see annual gains

US shipments see annual gains

Total shipments of blended cement in the US and Puerto Rico in October 2013 were 8.7Mt, up eight per cent from October 2012, latest data from the USGS shows. Shipments for the ...

Lafarge one step closer to completing US refocus

Lafarge one step closer to completing US refocus

Lafarge announces the sale of five aggregates quarries and related assets in Maryland (USA) to Bluegrass Materials for a total enterprise value of US$320m. With these divestmen...

TXI 2Q sales increase, but net loss widens

TXI 2Q sales increase, but net loss widens

Texas Industries, Inc today reported a wider net loss for the quarter ended 30 November 2013 compared to the same period of last year, as a number of non-recurring and short-te...

US energy efficiency update

US energy efficiency update

US cement industry energy consumption in 2012 decreased by 2.1 per cent against 2011 levels, the recently released annual Labor-Energy Input Survey by the PCA indicates. This e...

New appointments at Buzzi Unicem USA

New appointments at Buzzi Unicem USA

David Nepereny has been elected as chairman of the board  for Buzzi Unicem USA, effective 1 January 2014. Mr Nepereny will continue as president and CEO of the company until...

CRH full-year development spend

CRH full-year development spend

CRH announced a total of seven acquisitions and investment initiatives in the second half of 2013, taking full-year development activity to EUR0.69bn. The company invested EUR...