Cemex to cut 2,800 jobs worldwide

Source: Reuters.com

Mexico-based construction materials giant Cemex is planning to cut 6% of its workforce worldwide as part of a wider reorganization. Reuters reported the world's third-largest cement maker said it hopes to generate $400 million in additional cash flow by the end of 2012 through cutting costs and improving underperforming businesses. The company employs about 46,500 people across the globe and is seeking cost savings of about $260 million this year.

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Cementos Argos becomes second major stakeholder in Class C ash formulator Ceratech

Sources: Ceratech Inc., Alexandria, Va.; Staff reports

Only three months after announcing that third-largest coal producer Alpha Natural Resources had acquired a 10.3 percent of its business (with an option to increase the stake to 28.3 under certain future terms), Ceratech has accepted another strategic equity investment from Colombian cement giant Cementos Argos, the fourth-largest U.S. concrete producer. The buy-in follows Argos' recent expansion of its U.S. presence through a $760 million purchase of Lafarge North America's Southeastern assets. The two companies will cooperate to develop and distribute Ceratech binder products through Argos’ Mid-Atlantic, Southeast and Southwest markets.

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$225K EPA grant moves recycled glass cement substitute toward market

Sources: U.S. Environmental Protection Agency; Staff reports

On the heels of research detailed in its “Value-Added Use of Milled Mixed-Color Waste Glass as a Supplementary Cementitious Material in Environmentally Friendly and Energy-Efficient Concrete Building Construction” report, Lansing, Mich.-based Technova Corp. is among 10 recipients sharing $2.25 million in grants under the EPA Small Business Innovation Research (SBIR) program.

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New edition of Innovations in Portland Cement Manufacturing addresses today’s challenges

Source: Portland Cement Association, Skokie, Ill.

The new edition of Innovations in Portland Cement Manufacturing was released during the 2011 IEEE-IAS/PCA Cement Industry Technical Conference, May 22-25, in St. Louis, Mo. The fully revised second edition highlights the complex challenges facing cement manufacturers in today’s regulatory and manufacturing arenas.

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