Votorantim Cimentos, Brazil’s largest cement producer, suspended a multi-billion-dollar offering until Sept. 11 because of unfavorable market conditions. The IPO, which was scheduled for June 19, would have been the world’s second-largest this year, and was seen as a key test of investors’ perceptions of Brazil and the broader emerging markets.
Read MoreMonth: June 2013
TXI Names New Chairman of the Board
Texas Industries (TXI) announced that its board of directors named Tom Ransdell as its chairman of the board effective June 18. Ransdell has been an independent director of TXI since 2005 and has years of experience in the construction materials industry. Ransdell fills the position of chairman created by the untimely death of Bob Rogers on June 11.
Read MoreDominican Republic Association Appoints New President
The Dominican Association of Portland Cement Manufacturers (Adocem) swore in Carlos Gonzalez as its president for 2013-2014, succeeding Osvaldo Oller. Gonzalez, who is also president of Cemex in the country, joins Gabriel Ballestas of Cementos Argos (treasurer) and Jose Caceres of Cementos Cibao (secretary).
Read MoreTitan America Plant Continues ENERGY STAR Streak
Titan America’s Roanoke Cement Co. in Virginia has earned its 7th consecutive ENERGY STAR award from the U.S. Environmental Protection Agency (EPA). The award signifies that the plant performs in the top 25 percent of similar facilities nationwide for energy efficiency and meets strict performance levels set by the EPA.
Read MoreHolcim Renames Mexican Subsidiary
Holcim Apasco, a subsidiary of the Swiss construction materials company, will be renamed Holcim México in order to “unify the brand and strengthen its presence as a global leader in the Mexican market,” according to Andreas Leu, Executive Committee Member and head of Holcim for the Latin America region.
Read MoreCemex to Expand Texas Plant
Cemex, S.A.B. de C.V. plans to expand the production capacity at its Odessa, Texas, cement plant by 345,000 metric tons (t) to nearly 900,000 tpy in order to keep pace with rapidly growing demand in its West Texas market led mainly by the oil and gas industry. By leveraging existing assets and producing value-added products, the company expects to achieve…
Read MoreEaton Receives Best Technical Paper Award at Cement Conference
Diversified industrial manufacturer Eaton announced that a paper based on a case study of its arc flash compliance project for Lehigh Hanson received the “Best Conference Technical Paper” award at the 2013 Institute of Electrical and Electronics Engineers Industrial Applications Society/Portland Cement Association (IEEE IAS/PCA) Cement Industry Technical Conference.
Read MoreIEEE West Coast Fall Meeting Announced
The IEEE West Coast Cement Industry Technical Meeting and Plant Tour will take place October 24-25, 2013, in Victorville, Calif.
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