HeidelbergCement Sells Lehigh White Cement Stake

HeidelbergCement announced that its subsidiary Lehigh Cement Co. LLC has signed an agreement to sell its 51 percent position in Lehigh White Cement Co. to the minority shareholders Aalborg Cement Co. Inc. and Cemex Inc. The enterprise value of the transaction amounts to about $140 million.

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Cemex Generates Highest Net Income in Decade

Cemex, S.A.B. de C.V. announced that, on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, consolidated net sales increased by 4 percent during the fourth quarter of 2017 to $3.4 billion, and increased 3 percent for the full-year 2017 to $13.7 billion versus the comparable periods in 2016. Operating EBITDA on a like-to-like basis decreased by 7 percent during the fourth quarter of 2017 to $625 million and decreased by 6 percent for the full year to $2.6 billion versus 2016.

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Cement Shipments Up 4.2 Percent in November

Total shipments of portland and blended cement in the United States and Puerto Rico in November 2017 were about 8.2 million metric tons (Mt), up by 4.2 percent from shipments in November 2016, according to the most recent USGS Mineral Industry Survey. The leading producing states for portland and blended cement in November 2017 were Texas, Missouri, California, Florida and Alabama, in descending order.

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WCA Responds to GCCA Launch

The World Cement Association (WCA) released the following statement after the launch of the new Global Cement & Concrete Association (GCCA) – founded by nine industry-leading companies, including Cemex, LafargeHolcim and HeidelbergCement.

“The World Cement Association welcomes GCCA as an important initiative to help promote sustainable use of cement and concrete. This was one of the reasons why WCA was established back in 2016 and now has presence in 35 countries, with total cement capacity in excess of 1 billion tons. WCA has already held a very successful general assembly and conference on future strategies for the industry, so we are pleased to see another organization emerge to help tackle this challenge.

“We must, however, distinguish WCA from GCCA, which is stated to be founded and controlled by nine majors whilst WCA is an independent cement association. We welcome all players small or big regardless of size or group and they have equal rights under our constitution.

“In fact, Mr. Song Zhi Ping, the chairman of CNBM and the president of WCA has recently invited all the cement companies in the world including majors to join forces under WCA and the door is open for them. Mr. Song expressed that WCA will strongly support all initiatives toward sustainability. We invite all cement industry stakeholders to join the World Cement CEO Forum on climate change in June 27 & 28, 2018, in Paris.”

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