Votorantim Cimentos posted net income of R$692 million in the second quarter of 2021, reversing the R$153 million loss in the same period last year. The company’s global net revenue in the quarter was R$5.8 billion, an increase of 50% compared to the prior-year period, as a result of an increase in sales volume and favorable price dynamics in all…
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U.S. Great Lakes ports and the St. Lawrence Seaway handled a deluge of cement, iron ore, petcoke and steel in July supporting the continuing resurgence of manufacturing both in North America and globally.
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As part of CEMEX’s growth strategy, the company plans to upgrade and increase the capacity of subsidiary Caribbean Cement Company Ltd.’s plant in Rockfort, Jamaica, by 30%. The current estimate of the investment is approximately $30 million.
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Brazilian cement producers CSN Cimentos, Cimentos Mizu and Cimento Apodi, are among bidders for LafargeHolcim Brasil assets, reported Reuters.
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Total shipments of portland and blended cement, including imports, in the United States and Puerto Rico in May 2021 were an estimated 9.2 million metric tons (Mt), a 5.6% increase from shipments in May 2020, according to the most recent USGS Mineral Industry Survey. Shipments for the year through May totaled an estimated 40.3 Mt, a 6.5% increase from those for…
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The Portland Cement Association (PCA) Market Intelligence Group’s Senior Vice President and Chief Economist Ed Sullivan presented the association’s annual summer cement market outlook, predicting an increase in cement consumption over the next four years.
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Votorantim Cimentos’ new production line at the Pecém Industrial and Port Complex in Brazil is operational. As a result of the expansion, the site now has a production capacity of approximately 1 million tonnes of cement per year compared to a previous capacity of 200,000 tonnes annually.
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Total shipments of portland and blended cement, including imports, in the United States and Puerto Rico in April 2021 were an estimated 9.7 million metric tons (Mt), a 19% increase from shipments in April 2020, according to the most recent USGS Mineral Industry Survey. Shipments for the year through April totaled an estimated 31.1 Mt, a 6.8% increase from those for…
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The Argos USA Newberry, Fla., plant had a record-breaking June – beating its production and shipment records from June 2019.
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Silicon Valley-based materials technology company Fortera closed its $30 million Series B round, initiating the commercialization phase of its next generation low CO2 cement. The round was co-led by Temasek and Khosla Ventures, investors dedicated to accelerating efforts to achieve a net zero and sustainable global economy.
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