Publicly traded U.S. cement producers just reported results, and those results are a mixed bag. At Summit Materials, Cement Segment net revenues increased 23.6% to $97.9 million in the fourth quarter of 2022. Cement Segment adjusted cash gross profit margin increased to 47.1% in the fourth quarter, compared to 42.7% in the prior-year period as strong pricing gains more than…
Read MoreThere is no doubt that reducing the cement industry’s carbon footprint is a priority. The Portland Cement Association’s (PCA) Roadmap to Carbon Neutrality recently celebrated one year of progress. PCA said notable achievements over the past year across the value chain include: Multiple cement manufacturers in the United States, with support from the Department of Energy, have begun pilot projects…
Read MoreI’ll state the obvious: carbon is a hot topic right now. Portland Cement Association (PCA) Chairman Ron Henley (GCC America) told a New York Climate Week gathering that U.S. producers have exceeded expectations outlined nearly one year ago with release of the PCA Roadmap to Carbon Neutrality. That is good news. What is happening in the North American market is…
Read MoreShipments of portland and blended cement increased by 4% in the fourth quarter of 2021 compared with that in the fourth quarter of 2020, according to the U.S. Geological Survey. Annual consumption increased by 4% in 2021, compared with that of 2020. They obtained this information via its monthly survey of U.S. cement producers. But Portland Cement Association (PCA) Chief…
Read MoreThere is good economic news, when it comes to the cement industry.
Read MoreIn July, a group of investors that manages $2 trillion told cement makers to accelerate efforts to reduce their emissions. The coalition is made up of members of the Institutional Investors Group on Climate Change and Climate Action 100+ (IIGCC), a leading campaign group with 320 supporters.
Read MoreFor 37 years, the International Cement Seminar & Exhibition was one of the most anticipated annual events for the North American cement industry. After an extended hiatus, the show is back for its 38th year.
Read MoreOur feature on page 20 outlines the battle taking place out West between Sierra Club California and California’s cement producers.
Read MoreIt’s a new year, and that means everyone has an analysis of the cement market. I attended the Intercem conference in Miami last October, and Colin Sutherland of SG Analytics assessed the market in coming years, stating that “After a long period of steady consumption growth, including 2018, our baseline forecast shows overall U.S. cement demand remaining more or less…
Read MoreEverything it seems runs on batteries and science has been working overtime to develop longer-lasting and easily rechargeable battery alternatives. But what if an entire building was a battery?
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