Votorantim Cimentos, Brazil’s largest cement producer, suspended a multi-billion-dollar offering until Sept. 11 because of unfavorable market conditions. The IPO, which was scheduled for June 19, would have been the world’s second-largest this year, and was seen as a key test of investors’ perceptions of Brazil and the broader emerging markets.
Read MoreDay: June 26, 2013
TXI Names New Chairman of the Board
Texas Industries (TXI) announced that its board of directors named Tom Ransdell as its chairman of the board effective June 18. Ransdell has been an independent director of TXI since 2005 and has years of experience in the construction materials industry. Ransdell fills the position of chairman created by the untimely death of Bob Rogers on June 11.
Read MoreDominican Republic Association Appoints New President
The Dominican Association of Portland Cement Manufacturers (Adocem) swore in Carlos Gonzalez as its president for 2013-2014, succeeding Osvaldo Oller. Gonzalez, who is also president of Cemex in the country, joins Gabriel Ballestas of Cementos Argos (treasurer) and Jose Caceres of Cementos Cibao (secretary).
Read MoreTitan America Plant Continues ENERGY STAR Streak
Titan America’s Roanoke Cement Co. in Virginia has earned its 7th consecutive ENERGY STAR award from the U.S. Environmental Protection Agency (EPA). The award signifies that the plant performs in the top 25 percent of similar facilities nationwide for energy efficiency and meets strict performance levels set by the EPA.
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