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.
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Ash 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…
Read MoreMitsubishi Cement Expansion Draws Environmental Concerns
A proposal granting Mitsubishi Cement Corp. permission to build a 128-acre quarry and a 1.8-mile road on public land in the San Bernardino National Forest is being criticized by the Center for Biological Diversity, reported the San Bernardino County Sun.
Read MoreCement Conference Announces 2017 Dates
The 59th annual IEEE-IAS/PCA Cement Industry Technical Conference will be held May 21-25 at the Telus Convention Centre in Calgary, Alberta, Canada.
Read MoreTrinidad Cement Board to Shareholders: Reject Cemex Offer
The Trinidad Cement Ltd. (TCL) board of directors is urging shareholders to reject an offer and takeover bid by Cemex through its indirect subsidiary Sierra Trading, reported The Jamaica Gleaner. The offer is aimed at raising Cemex’s stake in the Caribbean company from 39.5 percent to 74.9 percent for $89 million.
Read MoreMSHA Releases Fatal Accident Report on Slurry Tank Fall
The Mine Safety and Health Administration (MSHA) released a report on the May 10, 2016, fatal accident at Ash Grove Cement Co.’s Midlothian, Texas, operation.
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