In an upbeat second quarter earnings report, Cemex assured investors that asset prioritizing and debt reduction are top of mind. “With the objective of accelerating our path to investment grade and enhancing total shareholder return, we are announcing ‘A Stronger Cemex,’” said Chief Executive Fernando Gonzalez. “During the next 2.5 years, we will work to optimize our portfolio by focusing…
Read MoreMonth: October 2018
GCC Sales, EBITDA Up in Second Quarter
Grupo Cementos de Chihuahua, S.A.B. de C.V. announced its results for the second quarter of 2018. The company delivered growing sales and EBITDA as well as a higher EBITDA margin, with solid operating results in both the United States and Mexico. GCC also completed the acquisition of a cement plant in Montana, increasing its U.S. production capacity 11 percent; sold…
Read MoreMallet Leaves McInnis Cement
The McInnis Cement board of directors announced that Hervé Mallet, president and chief executive officer of McInnis since November 2016, is leaving the company. Chief Financial Officer Jean Moreau will assume the role of president and chief executive officer on an interim basis.
Read MoreCemex Ventures Announces 2018 Construction Startup Winner
Madrid-based Cemex Ventures awarded U.S.-based Geopipe with the Best Pitch prize in its 2018 Construction Startup Competition. The company uses machine learning to create copies of urban reality and generate digital models.
Read MoreSt. Marys Cement Holds Public Forum
The Michigan Department of Environmental Quality held a public hearing in regard to a permit request from St. Mary’s Cement that would likely increase industrial and construction activities near Fisherman’s Island State Park, reported the Petoskey News-Review.
Read MoreWBCSD Announces Strategic Partnership with GCCA
A strategic partnership between the recently chartered Global Cement and Concrete Association (GCCA) and World Business Council for Sustainable Development (WBCSD) is intended to facilitate sustainable development of the cement and concrete sectors and their value chains, while creating work program synergies benefitting both organizations’ members. Work carried out by the WBCSD-hosted Cement Sustainability Initiative (CSI) will be transferred to…
Read MorePCA Poll: Majority of Americans Concerned Over Wooden High-Rises
Three in four, or 74 percent, of Americans say proposals to allow taller buildings to be constructed with wood raise serious concerns for public safety, according to a nationwide poll conducted by Hart Research on behalf of the Portland Cement Association (PCA). Proposed code changes that would allow the use of mass timber in the construction of buildings up to 18 stories will…
Read MoreFLSmidth Nabs Two Central American Contracts
FLSmidth has awarded two contracts worth more than €250 million ($288 million) combined: one for a greenfield cement plant and the other for a brownfield cement plant. Both contracts include design and engineering, equipment supply, automation systems, training as well as advisory services for installation and commissioning.
Read MoreCement Shipments Plateau in June
Total shipments of portland and blended cement in the United States and Puerto Rico in June 2018 were about 9.3 million metric tons (Mt), essentially unchanged from shipments in June 2017, according to the most recent USGS Mineral Industry Survey. Shipments for the year through June totaled about 45.9 Mt, up by 2.8 percent from those for the same period…
Read MoreHeidelbergCement Reports Positive Quarterly Results
HeidelbergCement’s group revenue rose by 4 percent in the second quarter to €4.8 billion ($5.6 billion). Negative currency effects of €226 million ($264 million) had an adverse impact on revenue. Adjusted for currency and consolidation effects, revenue increased by 9 percent due to sales volume growth in all business lines and successful price increases.
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