Martin Marietta Materials Inc. reported record results for the first quarter ended March 31, 2016. Consolidated net sales totaled $734 million, up from $631.9 million in the first quarter of 2015.
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February Cement Shipments Jump 26 Percent
Total shipments of portland and blended cement in the United States and Puerto Rico in February 2016 were about 6.0 million metric tons (Mt), up by 26 percent from the exceptionally low, weather-related, sales in February 2015, according to the most recent USGS Mineral Industry Survey. To some extent, it reflected catchup work after a lackluster January 2016.
Read MoreCemex to Sell $400M of U.S. Assets
Cemex reached an agreement to sell certain assets in the U.S. to Grupo Cementos de Chihuahua (GCC) for $400 million as part of the company’s plans to divest as much as $1.5 billion in assets over the next two years to restore an investment-grade capital structure.
Read MoreCaribbean Cement Sees Record Quarterly Profit
Caribbean Cement Co. more than tripled its profit in the first quarter of 2016, setting a new earnings record, reported The Gleaner. The $830 million net income for the three-month period improved from the $250 million for the same period in 2015, reflecting depressed energy prices and a return to almost full share of the local cement market.
Read MoreThyssenkrupp Nabs Contract for HeidelbergCement Upgrade
Thyssenkrupp Industrial Solutions received a contract from HeidelbergCement AG to supply a new cement clinker production line. The 4,500-tpd facility will be built at the Schelklingen plant in Baden-Württemberg as a replacement for an existing older production line. Start of production is planned for spring 2018.
Read MoreCEMEX Stakes Position on Climate Change
CEMEX, S.A.B. de C.V. staked its position on climate change, by reaffirming its commitment to the recently signed Paris Agreement. CEMEX said it agrees with the vast majority of the scientific community that the benefits of mitigating global warming will by far outweigh any costs to achieve this goal, and welcomes the ambitious targets, the bottom-up commitments from signatory Countries,…
Read MoreCement Industry Applauds Alberta’s Focus on Infrastructure, Climate Change
The Cement Association of Canada (CAC) said it approves of the Alberta government budget. The budget strikes a balance with targeted investments in infrastructure and the environment. It will help diversify the economy and provide critical funding to enhance infrastructure management, rural transportation development and long-term market access.
Read MoreHeidelbergCement Reveals Integration Plan for Italcementi
Moving forward with its merger plans, HeidelbergCement announced that it will restructure the Italian operations of Italcementi S.p.A, principally at its Bergamo, Italy, headquarters, affecting upward of 400 employees by the end of the transition period in 2020. The aim is twofold: preserving Italcementi’s long-standing industrial tradition and history while streamlining some functions and activities.
Read MoreEssroc Cement Rings in 150 Years
Esscroc Cement’s 150 years of business was celebrated at an event held on March 31 at the Nazareth Center for the Arts in Nazareth, Pa., reported the Lehigh Valley Business. Hosted by the Nazareth/Bath Regional Chamber of Commerce, the event was attended by several national, state and local dignitaries, members of the press, Chamber members and Essroc employees.
Read MoreLafargeHolcim Releases 2015 Figures
LafargeHolcim recently released its fourth quarter and full-year 2015 results as well as its outlook for 2016. Overall, like-for-like net sales grew slightly for Q4 (up 1.7 percent) and the FY (0.1 percent) versus 2014. Fourth quarter results were impacted by challenges in selected markets, such as Brazil. However, the company is encouraged by positive developments in markets including the…
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