Brazil’s antitrust watchdog, Cade, has ordered six cement makers named in a price-rigging case to pay a combined 3.1 billion reais ($934 million) in fines within a month in a landmark decision that also orders asset disposals, reported Reuters.
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May Cement Shipments Drop
Total shipments of portland and blended cement in the United States and Puerto Rico in May 2015 were about 7.8 million metric tons (Mt), down by 4.5 percent from the level in May 2014, according to the most recent USGS Mineral Industry Survey. Shipments for the year through May totaled 31.9 Mt, up by 2.6 percent from the same period in…
Read MoreCemex Reports Second-Quarter 2015 Results
Cemex announced that consolidated net sales reached $3.8 billion during the second quarter of 2015, an increase of 5 percent on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, versus the comparable period in 2014. Operating EBITDA increased by 1 percent during the quarter to $744 million versus the same period in 2014. On a like-to-like…
Read MorePCA Files Complaint Over WOTUS Rule
The Portland Cement Association (PCA) released the following statement regarding the complaint the association filed against the U.S. Environmental Protection Agency and Army Corps of Engineers, challenging the expansion of federal authority under the Clean Water Act through the new Waters of the United States (WOTUS) rule. The complaint was filed in the U.S. District Court for the Northern District…
Read MoreLafargeHolcim Officially Launched
Holcim Ltd. and Lafarge SA officially launched their new combined building materials company – LafargeHolcim – on July 15 after overcoming a series of regulatory hurdles and challenges since announcing the merger in April 2014. Combined, LafargeHolcim is an operator of 2,500-plus cement, concrete and aggregate plants in 90 countries.
Read MoreSummit Materials Completes Cement Plant, Distribution Deal
Construction materials producer Summit Materials Inc. has completed its previously announced acquisition of a 1.2 million short ton capacity cement plant in Davenport, Iowa, along with seven cement distribution terminals from Lafarge North America Inc., for a purchase price of $450 million in cash, plus an exchange of Summit’s Bettendorf, Iowa cement distribution terminal.
Read MoreHolcim Announces CEO Departure, Executive Committee Changes
Holcim Ltd. announced that in connection with the successful public exchange offer and the expected closing of the merger with Lafarge, Bernard Fontana will step down from his position as CEO of the company with the completion of the merger. He will also resign from all mandates in all Holcim Group entities.
Read MoreLafargeHolcim Merger Nears Completion
Holcim Ltd.’s public exchange offer for Lafarge SA is a success, bringing the merger of the two cement giants close to completion, reported MarketWatch.
Read MoreAsh Grove Cement, Nebraska Wildlife Rehab Extend Agreement
Ash Grove Cement Co. announced that its Louisville, Neb., plant manager signed an agreement extending the use of an on-site building to Nebraska Wildlife Rehab Inc. (NWRI). The agreement gives the rescue center space at $10 per year. Upwards of 2,000 animals being cared for by NWRI have resided in the building this year alone. Ash Grove first made the…
Read MoreApril Cement Shipments Up 4 Percent
Total shipments of portland and blended cement in the United States and Puerto Rico in April 2015 were about 7.7 million metric tons (Mt), up by 4.1 percent from the level in April 2014, according to the most recent USGS Mineral Industry Survey. Shipments for the year through April totaled 24.1 Mt, up by 5.1 percent from the same period…
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