Trinidad Cement Ltd. (TCL) recorded group earnings before interest, taxes, depreciation and loss on disposal of property, plant and equipment and restructuring costs of $313 million compared to $464 million in 2016, according to the Trinidad Guardian.
The 10 founding members of the Global Cement and Concrete Association (GCCA) met late last month to formally launch the association. At an event in London, members appointed Albert Manifold, chief executive of CRH plc, as president and Fernando A. González, chief executive of Cemex, and Jianglin Cao, chief executive of CNBM, as vice-presidents. The association will focus on global construction challenges and promote leadership in the manufacture and use of cement and concrete.
Members from Cemex USA’s management team, along with other global executives, were in Atlanta for a session of IGNITE 2018: Spark Innovation, an initiative to develop leaders who embrace new ways of thinking, learning and working, while helping them achieve greater success as industry evolves with digital technologies.
In the first three months of 2018, Cementos Argos, Grupo Argos’ cement company, reported consolidated EBITDA increased 31 percent with respect to the same quarter as the prior year and stood at COP371 billion ($127.9 million). Revenues totaled COP1.9 trillion ($655.5 million) and net income totaled COP54.8 billion ($18.9 million).
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