U.S. cement manufacturers have ample production capacity to meet increased demand from infrastructure revitalization efforts being contemplated by the Trump administration and Congress, an analysis from the Portland Cement Association (PCA) concluded. The industry is currently operating at roughly 79 percent of capacity, estimated at 108 million metric tons (Mt) per year; when coupled with terminal storage and transfer capabilities,…
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World Cement Association Appoints Chairman of Events and Marketing
The World Cement Association (WCA), an international non-profit organization representing the interests of the cement industry worldwide, announced the appointment of Raman Mangabhai as chairman of events and marketing.
Read MoreCementos Pacasmayo Releases Fourth Quarter, Full Year Results
Cementos Pacasmayo, a leading cement company serving the growing Peruvian construction industry, announced its consolidated results for the fourth quarter and full year 2016 ended Dec. 31.
Read MoreCemex USA Celebrates New Headquarters
Cemex USA is celebrating a new beginning with the official opening of its U.S. headquarters located at 10100 Katy Freeway in the Memorial City district of Houston. The new facility pays homage to its history in the cement and building materials industry through the office’s innovative design.
Read MoreCupertino Releases Lehigh Noise Study Results
Results of a 25-day noise monitoring study of the Lehigh Cement facility were shared during a Jan. 24 Cupertino, Calif., city council meeting, reported The Mercury News. City staff presented the council with findings from the study that was done continuously from Oct. 3-28, 2016, at two residential locations near the facility.
Read MorePricing Announced for Cemex’s 15.6 Percent Stake in GCC
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…
Read MorePCA 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.
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