Eagle Materials Inc. reported that net sales prices for the first quarter of fiscal 2016 improved across nearly all businesses, with the most notable increases in the company’s cement and concrete businesses. The company’s first quarter revenues were $285.0 million, up 7 percent compared to the prior year’s first quarter.
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PCA Welcomes New Government Affairs Executive
The Portland Cement Association (PCA) named Michael Schon as vice president and counsel for government affairs. He will have lead responsibility for shepherding the association’s regulatory advocacy efforts and for promoting the cement industry in general.
Read MorePCA: Americans Will Pay a High Price for ‘Clean Power Plan’
President Obama authorized new U.S. Environmental Protection Agency (EPA) regulations on emissions of carbon dioxide (CO2) from power plants on Aug. 1.
Read MoreHeidelbergCement Releases Q2 2015 Results
The continued recovery of the markets in North America and the United Kingdom has had a favorable impact on HeidelbergCement’s sales volumes. The group’s cement and clinker sales volumes rose by 0.9 percent to 21.9 million tonnes (previous year: 21.7) in the second quarter. The strongest growth was achieved in the Africa-Mediterranean Basin Group area, followed by North America and…
Read MoreBrazil Orders Cement Producers to Pay $934 Million Fine
Brazil’s antitrust watchdog, Cade, has ordered six cement makers named in a price-rigging case to pay a combined 3.1 billion reais ($934 million) in fines within a month in a landmark decision that also orders asset disposals, reported Reuters.
Read MoreMay Cement Shipments Drop
Total shipments of portland and blended cement in the United States and Puerto Rico in May 2015 were about 7.8 million metric tons (Mt), down by 4.5 percent from the level in May 2014, according to the most recent USGS Mineral Industry Survey. Shipments for the year through May totaled 31.9 Mt, up by 2.6 percent from the same period in…
Read MoreCemex Reports Second-Quarter 2015 Results
Cemex announced that consolidated net sales reached $3.8 billion during the second quarter of 2015, an increase of 5 percent on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, versus the comparable period in 2014. Operating EBITDA increased by 1 percent during the quarter to $744 million versus the same period in 2014. On a like-to-like…
Read MorePCA Files Complaint Over WOTUS Rule
The Portland Cement Association (PCA) released the following statement regarding the complaint the association filed against the U.S. Environmental Protection Agency and Army Corps of Engineers, challenging the expansion of federal authority under the Clean Water Act through the new Waters of the United States (WOTUS) rule. The complaint was filed in the U.S. District Court for the Northern District…
Read MoreLafargeHolcim Officially Launched
Holcim Ltd. and Lafarge SA officially launched their new combined building materials company – LafargeHolcim – on July 15 after overcoming a series of regulatory hurdles and challenges since announcing the merger in April 2014. Combined, LafargeHolcim is an operator of 2,500-plus cement, concrete and aggregate plants in 90 countries.
Read MoreSummit Materials Completes Cement Plant, Distribution Deal
Construction materials producer Summit Materials Inc. has completed its previously announced acquisition of a 1.2 million short ton capacity cement plant in Davenport, Iowa, along with seven cement distribution terminals from Lafarge North America Inc., for a purchase price of $450 million in cash, plus an exchange of Summit’s Bettendorf, Iowa cement distribution terminal.
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