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.
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HeidelbergCement 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.
Read MoreBarbados to Enforce 60 Percent Cement Tariff
The Caribbean Court of Justice (CCJ) reinstated extra-regional tariffs on cement imports into Barbados, reported the Daily Nation. In an interim decision on July 17 by CCJ President Justice Adrian Saunders, the regional court ordered Barbados to “restore and enforce” a 60 percent import duty on hydraulic cements imported from outside the Caribbean Community (CARICOM).
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 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 MoreUltracem Joins World Cement Association
The World Cement Association (WCA) announced it has further expanded its international network of members by welcoming the Colombia-based Ultracem as a corporate member. The association now has a membership made up of 69 members and representatives that cover 38 countries.
Read MoreHeidelbergCement Releases Sustainability Report
HeidelbergCement published its Sustainability Report 2017, which focuses on targets, measures and achievements of the company’s sustainability management. The report highlights the successes and aims of corporate sustainability management, as well as the HeidelbergCement’s activities in the arena of environmental protection, employees, workplace safety and social responsibility.
Read MoreLehigh Hanson Announces Modernization Project for Indiana Plant
Lehigh Hanson, Inc. announced plans for modernization and expansion of its Lehigh Cement Co. plant in Mitchell, Ind. The company will invest more than $600 million in the plant modernization project, which will increase production capacity while also significantly reducing energy usage and emissions per ton of cement produced.
Read MoreCement Shipments Spike in April
Total shipments of portland and blended cement in the United States and Puerto Rico in April 2018 were about 8.2 million metric tons (Mt), 8.9 percent higher than shipments in April 2017, according to the most recent USGS Mineral Industry Survey. Shipments for the year through April totaled about 27.2 Mt, up by 2.6 percent from those for the same period…
Read MoreSt Marys Cement Plant Vandalized
The Ontario Provincial Police (OPP) are investigating two significant acts of vandalism that caused thousands of dollars in damages to the St Marys Cement plant in St. Marys, reported local media.
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