LafargeHolcim announced that revenue grew 6.2 percent in the second quarter of 2018. For the first six months, net sales grew 4.8 percent on a like-for-like basis. Over the first six months, Recurring EBITDA was down -1.4 percent on a like-for-like basis but earnings increased in the second quarter, with Recurring EBITDA up by 1.5 percent, largely offsetting a soft…
Read MoreYear: 2018
Royal White, Penna Join WCA
The World Cement Association (WCA) announced that Houston-based Royal White Cement and Penna Cement of India are the latest additions to its international membership, which now spans 38 countries. Both companies join as corporate members.
Read MoreCemex Sets 30-Month Timetable for Asset Sales
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 MoreGCC 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.
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