LafargeHolcim announced last month that it signed an agreement with investment firm Inversiones Caburga Limitada, part of the Hurtado Vicuña Group, for the divestment of its majority-held Chilean business Cemento Polpaico.
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Canadian Cement Industry Praises Government’s Commitment to Infrastructure
The Cement Association of Canada commended Finance Minister Bill Morneau’s Fall Economic Statement for its tangible $81 billion commitment to infrastructure spending.
Read MoreEagle Materials Reports Second Quarter Earnings
Eagle Materials Inc. reported financial results for the second quarter of fiscal 2017 ended Sept. 30, 2016. The company’s construction products and building materials businesses performed well during the quarter, with the Cement business reporting record second quarter operating earnings of $50.7 million. Second quarter cash flow from operations improved 22 percent and was used to fund capital improvements, pay…
Read MoreHolcim (US) Hagerstown Plant Completes $96M Modernization Project
Holcim (US), a member of LafargeHolcim, unveiled this week the new, modernized plant at its Hagerstown, Md., facility after a two-year modernization project. By investing $96 million to maintain high-quality manufacturing standards in accordance with newly imposed, more stringent NESHAP environmental regulations, the plant has increased clinker production by approximately 200,000 tons to help support construction and development in Hagerstown,…
Read MoreElementia to Acquire 55 Percent Stake in Giant Cement
Elementia, S.A.B. de C.V. announced on October 13 that it signed a letter of intent with Cementos Portland Valderrivas, S.A., to acquire 55 percent of Giant Cement Holding, Inc.
Read MoreLafarge Canada Closes Kamloops Plant
Lafarge Canada Inc. announced last week it will shut down its plant in east Kamloops for the foreseeable future, reported Kamloops This Week. The company is in discussions to continue using the facility as a distribution center with a possibility of 10 ongoing jobs. The shutdown will be complete by the end of the year.
Read MoreCemex’s Victorville Plant Celebrates Centennial
Cemex’s Victorville, Calif., plant is celebrating its 100th anniversary this year, reported the Hesperia Star. The plant has manufactured cement for California and the Western U.S. since 1916 and provided well-paying jobs to thousands of residents of the High Desert over the years.
Read MoreEPA Census: 2015 Cement Production Emissions Minor
U.S. portland cement production accounted for 2.3 percent of carbon dioxide-equivalent (CO2e) emissions in the 2015 EPA Greenhouse Gas Reporting Program data. Modern kilns increasingly running on natural gas and other coal alternatives, combined with limited offsetting import factors, appear to position the domestic cement industry favorably in a business often tagged as the source of 5 percent of global…
Read MoreCemex Announces New Latam Management
Cemex announced on Oct. 5 new management appointments for its Latam subsidiary. The company named Jaime Muguiro, who’s been with Cemex for about 20 years, as CEO; Juan Pablo San Agustin as Cemex Latam chairman of the board; and Ricardo Naya as the director of Cemex Colombia.
Read MoreCouncil Approves Reassignment of Essroc PILOT Agreement
The Berkeley County, W.Va., council approved a resolution to reassign the Payment In Lieu Of Taxes (PILOT) agreement for the Essroc cement plant in Martinsburg to its new owner Argos USA, reported the Martinsburg Journal.
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