Caribbean Cement Co. more than tripled its profit in the first quarter of 2016, setting a new earnings record, reported The Gleaner. The $830 million net income for the three-month period improved from the $250 million for the same period in 2015, reflecting depressed energy prices and a return to almost full share of the local cement market.
Read MoreDay: April 28, 2016
Thyssenkrupp Nabs Contract for HeidelbergCement Upgrade
Thyssenkrupp Industrial Solutions received a contract from HeidelbergCement AG to supply a new cement clinker production line. The 4,500-tpd facility will be built at the Schelklingen plant in Baden-Württemberg as a replacement for an existing older production line. Start of production is planned for spring 2018.
Read MoreCEMEX Stakes Position on Climate Change
CEMEX, S.A.B. de C.V. staked its position on climate change, by reaffirming its commitment to the recently signed Paris Agreement. CEMEX said it agrees with the vast majority of the scientific community that the benefits of mitigating global warming will by far outweigh any costs to achieve this goal, and welcomes the ambitious targets, the bottom-up commitments from signatory Countries,…
Read MoreCement Industry Applauds Alberta’s Focus on Infrastructure, Climate Change
The Cement Association of Canada (CAC) said it approves of the Alberta government budget. The budget strikes a balance with targeted investments in infrastructure and the environment. It will help diversify the economy and provide critical funding to enhance infrastructure management, rural transportation development and long-term market access.
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