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LAFARGE posted net income of $86.7 million for the second quarter of 2001, compared with $95.7 million in the second quarter of 2000. Consolidated operating profit before corporate overhead in the second quarter fell by 17% to $149.8 million from $180.2 million in 2000. Lafarge's cement and cementitious materials operations posted an operating profit of $97 million during the second quarter, a 12% drop from last year. Revenue rose 1% to %350.4 million. Second-quarter operating results were affected by the timing of major plant maintenance programs, start-up costs for the company's new kiln line outside of Kansas City, and a disruption of normal distribution activity in the Mississippi River area caused by spring flooding. Operating results were also affected by a negative exchange rate impact of $2.8 million in the quarter due to the weakened Canadian dollar. Company-wide cement shipments of 4 million tons in the second quarter were 1% ahead of last year. Canadian sales volumes increased 2% due to higher sales in Ontario, while U.S. sales volumes were flat compared with last year. In Canada, average prices increased 4% in the second quarter, while U.S. selling prices were in line with last year.
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Portland Cement NESHAP: Potential Impact on Cement Industry
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This joint Cement Americas/Portland Cement Association (PCA) webinar addresses the proposed changes to the Environmental Protection Agency’s (EPA) portland cement national emission standards for hazardous air pollutants (NESHAP), and the potentially devastating impact these new standards may have on the cement and concrete industries.
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