Pricing Announced for Cemex’s 15.6 Percent Stake in GCC

On Feb. 9 Cemex, S.A.B. de C.V. and Grupo Cementos de Chihuahua, S.A.B. de C.V. priced their previously announced secondary offerings of 51,750,000 shares of common stock of GCC, currently owned by Cemex, at a price of 95 Mexican pesos ($4.63) per share, which includes 6,750,000 shares available to the underwriters of the offerings for overallotment and that may be purchased pursuant to a 30-day option granted to the underwriters by Cemex.

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County Supervisor Asks Commission to Reject Cement Project

Solano County District 2 Supervisor Monica Brown officially announced her opposition to the Vallejo Marine Terminal/Orcem project, reported the Vallejo Times-Herald. Brown directed a letter to Vallejo’s Planning Commission, which is tentatively scheduled to vote on Feb. 27, asking for the commission to reject the project.

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Cement Shipments Drop in October

Total shipments of portland and blended cement in the United States and Puerto Rico in October 2016 were about 9.0 million metric tons (Mt), down by 3.4 percent from sales in October 2015, according to the most recent USGS Mineral Industry Survey. The leading producing states for portland and blended cement in October 2016 were Texas, Missouri, California, Florida and Michigan, in descending order, and these accounted for about 41 percent of the national total.

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2017 Cement Directory

NACD
 

Completely updated, the new 2017 North American Cement Directory. Currently available for ordering exclusively from Cement Americas. Order Now