Cemex announced that it sold a 9.47 percent direct interest in Grupo Cementos de Chihuahua (GCC) for approximately $168 million, which will be used mainly for debt reduction and general corporate purposes. The company continues to have a 20 percent indirect interest in GCC through CAMCEM, an entity that owns a majority interest in GCC and in which CEMEX has…
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LafargeHolcim Names New CFO
LafargeHolcim announced the appointment of Géraldine Picaud as chief financial officer and member of the executive committee, effective Feb. 1, 2018. Current CFO Ron Wirahadiraksa has “decided to pursue opportunities outside the group,” according to the company, but will remain in his role to provide a smooth handover to Picaud in due course.
Read MoreBidding War for Ash Grove Cement
Overland Park, Kan.-based Ash Grove Cement Co. received a preliminary, non-binding competing proposal from a third party – rumored to be Summit Materials – to acquire Ash Grove at an indicated enterprise value of $3.7 billion to $3.8 billion. The company currently has an Agreement and Plan of Merger with CRH plc, under which CRH will acquire Ash Grove for…
Read MoreArgos Donates Bikes to West Virginia Police Department
Argos has donated four new mountain bikes to the Martinsburg Police Department, reported heraldmailmedia.com. The bicycles are 21-speed Cannondale “Enforcement 29” models.
Read MoreCemex Lands Spot on Fortune’s Change the World List
Cemex S.A.B. de CV ranks 18th on the Fortune 2017 Change the World List of 50 companies worldwide that have had positive social impact through activities central to their core business strategies.
Read MoreArgos Donates Bikes to West Virginia Police Department
Argos has donated four new mountain bikes to the Martinsburg Police Department, reported heraldmailmedia.com. The bicycles are 21-speed Cannondale “Enforcement 29” models.
Read MoreCemex Lands Spot on Fortune’s Change the World List
Cemex S.A.B. de CV ranks 18th on the Fortune 2017 Change the World List of 50 companies worldwide that have had positive social impact through activities central to their core business strategies.
Read MoreCRH to Acquire Ash Grove Cement for $3.5B
Ash Grove Cement Co. announced that it has entered into a definitive merger agreement with CRH plc, under which CRH plc will acquire Ash Grove in a transaction valuing Ash Grove at $3.5 billion on an enterprise value basis.
Read MoreLafarge’s Ravena Plant Completes Three-Year Modernization Project
Lafarge, a member of LafargeHolcim, unveiled a new, state-of-the-art plant at its Ravena, N.Y., facility after a three-year, multi-million-dollar modernization project to sustainably supply the region’s growing manufacturing and construction industries. The cement from the Ravena facility supplies more than 1 million tons of locally produced product for high profile projects in the Northeast including One World Trade Center, the World…
Read MoreMonarch Cement Reports Positive Second Quarter
The Monarch Cement Co., a Kansas-based cement producer, reported $28.2 million in total net sales from its cement business for the second quarter of 2017, compared to $26.9 million in the prior-year period.
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