HeidelbergCement’s group revenue rose by 4 percent in the second quarter to €4.8 billion ($5.6 billion). Negative currency effects of €226 million ($264 million) had an adverse impact on revenue. Adjusted for currency and consolidation effects, revenue increased by 9 percent due to sales volume growth in all business lines and successful price increases.
Cementos Argos released its financial results for the second quarter of 2018. The company saw revenues advance by 1.4 percent to COP 2.184 billion ($723 million) compared to the prior-year period. Operating EBITDA fell by 11.2 percent to COP 328 billion ($108.6 million) in the second quarter compared to the same period in 2017.
Lehigh Hanson Inc. announced plans for modernization and expansion of its Lehigh Cement Co. plant in Mitchell, Ind. The company will invest more than $600 million in the plant modernization project, which will increase production capacity while also significantly reducing energy usage and emissions per ton of cement produced.
The discovery of new cement mixtures by researchers at Lancaster University in England could turn buildings, bridges, street lamps and even curb-stones into cheap batteries. The mixture, which is made from fly ash and chemical solutions, is able to store electrical energy through the diffusion of potassium ions and can monitor its own structural health.
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