The Portland Cement Association (PCA) announced that U.S. cement consumption is on track to see 2.7 percent growth in 2016, making a downward revision of a previous annual growth estimate of 4 percent reported earlier this year. The association also revised its 2017 U.S. cement consumption forecast to 3.1 percent growth, from 4.2 percent growth, crediting a combination of post-election…
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PCA Elects 2017 Board of Directors Leadership
CalPortland Co. CEO Allen Hamblen and Continental Cement Co. President Tom Beck were elected 2017 chairman and vice chairman of the Portland Cement Association (PCA) board of directors. Hamblen takes over PCA board chairmanship from John Stull, CEO of U.S. Cement for LafargeHolcim.
Read MoreElementia Completes Acquisition of Giant Cement
Elementia, S.A.B. de C.V. announced that its board of directors gave final approval to complete the acquisition of a 55 percent stake and full control of Giant Cement Holding Inc. from Cementos Portland Valderrivas S.A. for $220 million.
Read MoreCemex Announces Bid to Takeover Trinidad Cement
Cemex, S.A.B. de C.V. announced that one of its indirect subsidiaries, Sierra Trading, will present an offer and takeover bid for Trinidad Cement Ltd. (TCL), aiming to raise its stake in the Caribbean company from 39.5 percent to 74.9 percent for $89 million.
Read MoreCemex Recognized for Conservation Efforts
Cemex, S.A.B. de C.V. announced that the Wildlife Habitat Council (WHC) awarded the company with its highest recognition for conservation efforts in Mexico and the El Carmen ecological reserve.
Read MoreMcInnis Cement Project Nears Completion
McInnis Cement, in collaboration with Caisse de dépôt et placement du Québec and other shareholders, announced that nearly 75 percent of the construction phase is completed for the Port-Daniel–Gascons cement plant. The cement plant will have an annual production capacity of 2.5 million tons.
Read MoreLafargeHolcim to Exit Chile with Sale of Cemento Polpaico
LafargeHolcim announced last month that it signed an agreement with investment firm Inversiones Caburga Limitada, part of the Hurtado Vicuña Group, for the divestment of its majority-held Chilean business Cemento Polpaico.
Read MoreCanadian Cement Industry Praises Government’s Commitment to Infrastructure
The Cement Association of Canada commended Finance Minister Bill Morneau’s Fall Economic Statement for its tangible $81 billion commitment to infrastructure spending.
Read MoreEagle Materials Reports Second Quarter Earnings
Eagle Materials Inc. reported financial results for the second quarter of fiscal 2017 ended Sept. 30, 2016. The company’s construction products and building materials businesses performed well during the quarter, with the Cement business reporting record second quarter operating earnings of $50.7 million. Second quarter cash flow from operations improved 22 percent and was used to fund capital improvements, pay…
Read MoreHolcim (US) Hagerstown Plant Completes $96M Modernization Project
Holcim (US), a member of LafargeHolcim, unveiled this week the new, modernized plant at its Hagerstown, Md., facility after a two-year modernization project. By investing $96 million to maintain high-quality manufacturing standards in accordance with newly imposed, more stringent NESHAP environmental regulations, the plant has increased clinker production by approximately 200,000 tons to help support construction and development in Hagerstown,…
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