McInnis Cement welcomed the Quebec government’s decision to draft legislation confirming that its Port-Daniel–Gascons’ project is not subject to the environmental assessment process. The company is confident that Bill 37 will dispel the uncertainty surrounding the project and will help in maintaining jobs. The proposed plant will create approximately 2,300 jobs per year during construction, including 700 on site. In…
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Cemex Affiliate Signs Agreement with Trinidad Cement
Trinidad Cement Limited (TCL), who was recently approved to remove a 20 percent restriction on shareholding, has signed a subscription agreement with Sierra Trading, an affiliate of Cemex, reported the Trinidad Guardian. Under the agreement, Sierra will participate in TCL’s upcoming rights issue and has committed to additional capital via an agreement to underwrite the raising of capital up to…
Read MoreLafarge: Cement Volumes Up 4 Percent For 2014
Lafarge’s consolidated sales were up 3 percent for the full year 2014 on a comparable basis, with the combination of higher volumes and increased prices across all of its product lines to address cost inflation. The negative trend of the impact of exchange rates in the first three quarters of 2014 reversed in Q4 as sales were positively impacted by…
Read MoreMcInnis Cement, CQDE Create Environmental Subcommittee
McInnis Cement announced an agreement was reached with Centre Québécois du Droit de l’Environnement (CQDE) in regards to the proceedings filed last August against the Environment Minister, aimed at invalidating McInnis Cement’s authorization certificate for the cement plant project in Port-Daniel-Gascons, Quebec. The CQDE has withdrawn from this legal action, instead agreeing to alternative measures with McInnis Cement, which includes…
Read MoreCAC Applauds Ontario’s Leadership on Climate Change
The Cement Association of Canada (CAC) commended the Ontario government for its comprehensive and thoughtful discussion paper, “Ontario’s Climate Change 2015,” released by the Ministry of the Environment and Climate Change.
Read MoreAsh Grove Cement Appoints New CFO
Overland Park, Kan.-based Ash Grove Cement Co. announced David G. Meyer as its new vice president and chief financial officer. In his new role, Meyer will direct accounting, treasury, internal audit, tax and information technology functions. “Dave brings 17 years of corporate finance leadership in strategic planning and capital markets as well as financial planning and reporting within a large corporate setting.…
Read MoreCRH to Expand Holcim’s Canadian Operations
Albert Manifold, chief executive of CRH Plc said the recently acquired Holcim Canadian operations will likely expand in order to feed demand from CHR’s extensive downstream businesses in the United States, reported The Globe and Mail.
Read MoreEagle Materials Reports Record Third Quarter
Eagle Materials Inc. reported financial results for the third quarter of fiscal 2015 which ended Dec. 31, 2014. Notable items for the quarter in relation to the prior-year’s third quarter include: record quarterly revenues of $292 million, up 27 percent; and record third quarter cement earnings of $37.6 million, up 44 percent.
Read MoreCRH Buys Holcim, Lafarge Assets
Holcim Ltd. and Lafarge SA moved a step closer to completing their $40 billion merger when Irish building-materials company CRH Plc agreed to pay 6.5 billion euros ($7.36 billion) for surplus assets.
Read MoreSt Marys Plant Expansion Gets Board Approval
In a 5-1 vote, the Charlevoix County Board of Commissioners has approved the plans for a $130 million upgrade to the St. Marys Cement facility in Charlevoix, Mich., reported the Petoskey News-Review.
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