Cementos Argos reported a profitable first quarter in all its regional divisions due to the recent acquisition of cement and concrete assets in Honduras and Florida as well as the growing industrialization of the construction sector in Colombia. Net income grew by 52 percent compared to the prior year period. Consolidated EBITDA and revenues increased 12 percent and 18 percent,…
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PCA Recognizes Lafarge Plants for Innovation
The Portland Cement Association (PCA) recently awarded two Lafarge North America facilities with innovation awards. The Paulding Cement Plant, in Paulding, Ohio, won PCA’s 2014 Cement Industry Energy & Environment Award for Innovation, while the Cave in Rock Quarry, located in Cave in Rock, Ill., won PCA’s 2014 Safety Innovation Award.
Read MoreHolcim Operating Profit Increases in First Quarter of 2014
Holcim has released its first quarter of 2014 operating results, citing increased operating margins and like-for-like higher volumes and net sales in all segments.
Read MoreCemex Delivers 640 Affordable Homes in Colombia
Cemex has completed 640 apartment residences in Montería, Colombia, as part of an urbanization project being undertaken by the company in collaboration with the Colombian government. The full project comprises of 3,000 apartments divided into 96 four-story towers, each with recreational and green areas. The paving for the complexes will be done with concrete also provided by Cemex.
Read MoreTitan America CFO to Succeed Retiring CEO
After 20 years at the helm of Titan America, Aris Papadopoulos will retire as chief executive officer, effective Aug. 1, and become executive chairman of ST Equipment & Technologies, while also serving as an advisor.
Read MoreJanuary Cement Shipments Slightly Up
Total shipments of portland and blended cement in the United States and Puerto Rico in January 2014 were 4.9 million metric tons (Mt), up slightly from the level in January 2013, according to the most recent USGS Mineral Industry Survey. The leading portland cement-producing states in January were Texas, California, Florida, Missouri and Alabama, in descending order. The leading consuming…
Read MoreHolcim, Lafarge Announce ‘Merger of Equals’
Holcim and Lafarge announced their intention to combine the two companies through a merger of equals, unanimously approved by their respective Board of Directors and fully supported by the core shareholders of both companies.
Read MoreTXI Reports Third Quarter Results
Texas Industries Inc. reported financial results for the quarter ended Feb. 28 – a net loss of $21.8 million or $.76 per share. Several non-recurring and timing items impacted net income for the quarter by $12.2 million or $.43 per share. Results for the quarter ended year prior were a net loss of $5.8 million or $.21 per share inclusive…
Read MoreLafarge Breaks Ground on Ravena Modernization Project
Lafarge North America Inc. hosted a groundbreaking event for the multi-million dollar modernization project at its Ravena, N.Y., cement plant on April 11. The new state-of-the-art facility will be equipped with advanced efficiency features that will enable the plant to compete successfully and meet the economy’s need for high quality cement. The plant is currently supplying several high profile projects…
Read MoreCemex Completes Financing of Ventika Wind Farm Project
Cemex S.A.B. de C.V. has successfully completed the financing of Ventika, a project comprising the construction of two 126-MW wind farms in General Bravo, Nuevo Leon, Mexico. These wind farms will supply renewable energy to facilities belonging to FEMSA, DEACERO, Tecnológico de Monterrey and Cemex, under the self-supply scheme approved by the Mexican Energy Regulatory Commission. More off-takers could be…
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