Stronger 2011 construction equipment sales expected, but slower growth through 2014

Source: Association of Equipment Manufacturers, Milwaukee Construction equipment manufacturers anticipate overall business to close out 2011 with double-digit increases over 2010 in the U.S., Canada and worldwide. Growth is expected to continue, but at a slower pace, for 2012 through 2014, according to the annual business outlook survey of AEM, the North American-based international trade group representing the off-road equipment…

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Holcim to invest nearly $400 million in Ecuador

Source: Holcim Group, Zurich, Switzerland In an effort to continue its commitment to the development of the construction industry in Ecuador, in late 2012, Holcim Equador will initiate an investment of nearly US$400 million to start building the second phase of its main cement plant expansion project in Guayaquil, an effort that will allow the South American country to sustain…

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Cemex receives $600 million compensation for Venuzuela nationalization

Source: Cemex S.A.B. de C.V., Monterrey, Mexico Cemex announced recently that it has received payment of US$600 million from the Government of the Bolivarian Republic of Venezuela and its public entity Corporación Socialista del Cemento, S.A. as compensation for the nationalization of Cemex Venezuela, S.A.C.A.. In addition, US$154 million of accounts payable by Cemex subsidiaries to Cemex Venezuela have been…

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Lafarge Edmonton plants recognized for health & safety leadership

Source: Lafarge North America, Reston, Va. More than 400,000 hours of safe operation are being celebrated this week at Lafarge Canada aggregate sites in the Edmonton area (Andrew, Fort Saskatchewan, Onoway, Ponoka, Tommahawk) and at its precast concrete operation. These hours include work with industrial equipment such as conveyors, cranes, crushers, high-stressed cable and 50-ton loaders, all of which require…

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Cement Totals—September 2011

Source: U.S. Geological Survey, Reston, Va. Total shipments of portland and blended cement in the United States and Puerto Rico were about 7.0 million mt in September 2011, according to the USGS. This was 3.0 percent higher compared with shipments for September 2010. Total shipments for the year through September were approximately 53.8 million mt, slightly higher compared to the…

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Cemex, Venezuela sign agreement nationalization compensation

Source: Cemex S.A.B. de C.V., Monterrey, Mexico Cemex reported recently that it has reached an agreement, through its Dutch subsidiaries, with the Government of the Bolivarian Republic of Venezuela and its public entity Corporación Socialista del Cemento, S.A., contemplating the payment to Cemex of US$600 million as compensation for the nationalization of Cemex Venezuela, S.A.C.A. Additionally, the agreement contemplates the…

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Canadian cement consumption to decline

Source: Portland Cement Association, Skokie, Ill. According to a recent report by PCA Market Intelligence, the typical economic growth supporters of employment and energy sector investment have not translated into Canadian cement demand this year, and a 0.8 percent decline in consumption is forecast for 2011, followed by a moderate rebound of a 1.2 percent in 2012.

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PCA Board elects slate of directors

Source: Portland Cement Association, Skokie, Ill. The PCA Board of Directors elected officers and a new slate of directors for the coming year at its Annual Meeting on November 15. Aris Papadopoulos (Titan America), was re-elected to serve as chairman of the Board and Sylvain Garnaud (Lafarge North America) as vice chairman of the Board.

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