On Feb. 9 Cemex, S.A.B. de C.V. and Grupo Cementos de Chihuahua, S.A.B. de C.V. priced their previously announced secondary offerings of 51,750,000 shares of common stock of GCC, currently owned by Cemex, at a price of 95 Mexican pesos ($4.63) per share, which includes 6,750,000 shares available to the underwriters of the offerings for overallotment and that may be…
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PCA Welcomes Chao as Transportation Secretary
The Portland Cement Association (PCA) praised the confirmation of Elaine Chao as Secretary of the U.S. Department of Transportation by the U.S. Senate.
Read MoreCounty Supervisor Asks Commission to Reject Cement Project
Solano County District 2 Supervisor Monica Brown officially announced her opposition to the Vallejo Marine Terminal/Orcem project, reported the Vallejo Times-Herald. Brown directed a letter to Vallejo’s Planning Commission, which is tentatively scheduled to vote on Feb. 27, asking for the commission to reject the project.
Read MoreCement Shipments Drop in October
Total shipments of portland and blended cement in the United States and Puerto Rico in October 2016 were about 9.0 million metric tons (Mt), down by 3.4 percent from sales in October 2015, according to the most recent USGS Mineral Industry Survey. The leading producing states for portland and blended cement in October 2016 were Texas, Missouri, California, Florida and…
Read MoreCemex to Sell Up to 23 Percent Stake in GCC
Cemex, S.A.B. de C.V. announced that it will sell up to 76.4 million shares of common stock in Grupo Cementos de Chihuahua, S.A.B. de C.V. (GCC) at a price range between 95 pesos ($4.45) and 115 pesos per share. The sale is part of the company’s asset-divestment plan, which it has been using to lower debt.
Read MoreAsh Grove Plant Earns Energy Star Status
Ash Grove Cement announced that its Durkee, Ore., cement plant has been awarded the 2016 Energy Star plant certification. The U.S. Environmental Protection Agency’s (EPA’s) Energy Star certification recognizes the plant’s performance in the top 25 percent of cement manufacturing facilities nationwide for energy efficiency and meeting the strict energy efficiency performance levels set by the EPA.
Read MoreTitan America’s Pennusco Plant Receives Zero Waste Certification
Titan America’s Pennsuco Complex, encompassing cement, aggregate, ready mixed and concrete block production, has been certified as a Gold Level Zero Waste Facility from the U.S. Zero Waste Business Council of Corono Del Mar, Calif.
Read MoreMcInnis Cement to Use Gaspesian Rail for Cement Distribution
McInnis Cement announced the signing of an agreement with Gaspe railway corporation (Société du chemin de fer de la Gaspésie – SCFG) to distribute cement from New Richmond, Quebec, to various Canadian and U.S. markets. The agreement provides for the transportation of 140,000 tons of cement over a five-year period.
Read MoreCemex Amends Take-Over Bid for Trinidad Cement
Cemex, S.A.B. de C.V. announced that its indirect subsidiary, Sierra Trading, will present a change and variation notice to the Dec. 5 offer and take-over bid for Trinidad Cement Ltd. (TCL). The company is increasing the offer price from TT$4.50 ($0.67) to TT$5.07 ($0.75) per TCL share in its aim to raise its stake in the Caribbean company from 39.5…
Read MoreGreen Cement Market Estimated to Reach $38.1B by 2024
Transparency Market Research (TMR) recently published a new report titled “Green Cement Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.” According to the report, the global green cement market was valued at $14.8 billion in 2015 and is anticipated to reach $38.1 billion by 2024, expanding at a CAGR of 11.3 percent between 2016…
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