Arizona’s Drake Cement consummates Peruvian parent's U.S. entry

Officials of the Southwest’s newest integrated player held a mid-June grand opening for a $300 million, 600,000-plus-mtpy-capacity cement plant in northern Arizona. More than 10 years in the making, Drake Cement is located in Yavapai County, near the historic rail town of Paulden and 35 miles north of Prescott.

Read more ...

Debt crisis could usher 13% cement consumption drop

Inaction by Congress and the White House on the federal debt ceiling could derail the fragile U.S. economic recovery, spurring a second recession and adversely impacting cement shipments, according to a recent Portland Cement Association report. A federal default stemming from the absence of a higher debt ceiling would affect business, consumer and bank confidence, leading to a rise in interest rates and the likelihood of forced government austerity spending measures. Such moves, in turn, could depress highway and other government construction programs at the federal and state level.

Read more ...

Watson takes helm at Cemex USA, joins Monterrey executive committee

As part of a global management realignment around six regional units in mid-March, Cemex, S.A.B. de C.V. named Karl Watson, Jr., president of Cemex USA in Houston. He had served as Eastern region president, based in West Palm Beach, and is the top Rinker Materials Corp. executive to have transitioned to Cemex USA.

Read more ...

Cemex begins supplying 500k+ tons for Panama Canal expansion

Cemex has begun supplying cement as part of its contract to provide over 500,000 tons of cement to “Consorcio Grupo Unidos por el Canal,” the primary contractor for the Panama Canal expansion project. The contract represents an integral phase of the Canal expansion project, which includes two locks, the excavation of access channels to the new locks, and the widening and deepening of navigational channels.

Read more ...

Let's stay in touch!

All of the latest news and our digital edition sent to your inbox once a week.

We'll never share your email address, and you can opt out at any time, we promise.

Resource Center