Cemex, S.A.B. de C.V. announced recently that it has successfully completed the previously announced refinancing of its financing agreement, dated as of August 14, 2009, as amended. Fernando Gonzalez, executive vice president of Finance and Administration of Cemex, stated “Cemex is pleased to have accomplished this significant milestone, with support from over 55 banks and institutions. We intend to continue…
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Cemex to boost cement production capacity in the Philippines
Mexico’s Cemex, S.A.B. de C.V., announced that it is planning to expand the cement production capacity of its APO plant in the Philippines by 1.5 million metric tons per year. Through an investment of approximately US$65 million, the company will increase production and strengthen its distribution network to better serve high-demand areas throughout the country. The increase is expected to…
Read MoreCemex signs agreement with IBM to provide process outsources, IT services
Mexican construction materials giant Cemex, S.A.B. de C.V., and IBM announced recently a 10-year strategic agreement in which IBM will deliver business process and information technology services. Additionally, IBM will provide to Cemex business consultant services to detect and drive sustainable improvements in profitability, using the entire breadth of IBM’s capabilities, including R&D expertise.
Read More$446M Lafarge NA asset deal yields Eagle Materials Great Plains platform
Source: Eagle Materials Inc., Dallas; Lafarge Group, Paris; Staff reports Eagle Materials announced recently that the company has entered into a definitive agreement with Lafarge North America to purchase for $446 million Lafarge’s Sugar Creek, Mo., and Tulsa, Okla., cement operations, as well as related assets, which include six distribution terminals, two aggregates quarries, eight ready-mixed plants and a fly…
Read MoreResilient concrete building focus of post-tornado Missouri community event
Source: Portland Cement Association, Skokie, Ill. Joplin Concrete will lead a host of Missouri professionals in sponsoring “Ideas for a Stronger Joplin,” October 20, 2012, from 10 a.m–2 p.m., at the Wildcat Glades Conservation & Audubon Center in Joplin. Walter Wulf, CEO of Joplin parent company Monarch Cement, will be master of ceremonies for the free event framed around the…
Read MoreCAC to hold Rediscover Concrete educational events in every province
Source: Cement Association of Canada, Ottawa, Ontario To remind building designers and contractors across Canada of the benefits of using concrete for building and infrastructure projects, CAC is hosting Rediscover Concrete seminars and meetings. “Our seminars will engage decision makers across the country and encourage discussions surrounding the sustainability of cement and concrete for building and infrastructure projects,” stated Michael…
Read MoreCrony capitalist mindset rises in EPA fly ash rulemaking
Sources: CP staff; IBA Green Inc., Newport Beach, Calif. A subsidiary of a publicly traded energy company, Pioneer Exploration, is claiming processes to neutralize the purported toxicity of coal combustion fly ash and waste incineration bottom ash, then recycle treated material into infrastructure-suited geopolymer concrete.
Read MoreConstruction executives: Romney best bet for broad industry recovery
Source: Engineering News-Record Construction leaders believe the industry’s recession will carry through mid-2013. According to the ENR Construction Industry Confidence Index (CICI) for the third quarter of 2012, construction and design firm executives believe that the market in the near term will continue to be flat, and that Republican presidential nominee Mitt Romney’s election represents the best bet for a…
Read MorePCA shifts leadership focus to D.C., names new president
Source: Portland Cement Association, Skokie, Ill. PCA announced management changes designed to shift leadership to Washington, D.C., in support of a renewed emphasis on national advocacy efforts in our nation’s capitol. Effective September 6, Greg Scott, PCA’s senior vice president of government affairs, is promoted to president. He will report to Brian McCarthy, PCA’s current president/CEO based in Skokie, who…
Read MoreTerver, Ruiz gain expanded roles in Holcim Ltd., U.S. operations
Source: Holcim (US) Inc., Waltham, Mass. Holcim (US) President and CEO Bernard Terver has joined the executive committee of Swiss parent, Holcim Ltd., and will assume responsibility for a new Group region encompassing the U.S. and Canadian namesake plus Aggregate Industries (US) and (UK) businesses. The appointment coincides with “Holcim Leadership Journey,” an initiative to streamline and strengthen Holcim Ltd.…
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