Lafarge has announced the sale of its cement operations in Honduras to Columbian cement producer Cementos Argos for $306 million. According to a statement released by Lafarge, Cementos Argos will buy the company’s 53.3 percent stake, subject to relevant regulatory approvals.
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New Appointments for Ash Grove Manufacturing Team
Ash Grove Cement Co. announced two promotions and several reassignments in its manufacturing leadership team last month.
Read MoreCement Shipments Decrease in March
Total shipments of portland and blended cement in the United States and Puerto Rico for March 2013 were about 5.8 million metric tons (Mt), according to the most recent USGS Mineral Industry Survey. This was nearly 3 percent less than shipments in March 2012. Shipments for the year through March were up slightly 15.4 Mt. The leading portland cement producing…
Read MoreVotorantim Cimentos Cancels IPO Due to Market Decline
Poor market conditions have compelled São Paulo, Brazil-based Votorantim Cimentos S.A. to withdraw a multi-billion-dollar offering earmarked for São Paulo Stock Exchange and New York Stock Exchange trading.
Read MoreCement Shipments Up in May
Total shipments of portland and blended cement in the United States and Puerto Rico in May were about 7.7 million metric tons (Mt), up by nearly 3 percent from the level in May 2012, according to a recent USGS Mineral Industry Survey.
Read MoreGrupo Gloria Expands Yura Plant
Peruvian industrial conglomerate Grupo Gloria announced plans to invest $217 million toward upgrading production at its Yura cement plant near Arequipa. The plant currently has a cement production capacity of 3.5 million metric tons annually and the upgrade is expected to double production by 2016.
Read MoreHigher Building Standards Align with President’s Climate Action Plan
The Portland Cement Association (PCA) and others in the concrete industry are urging the enactment of H.R. 2241, the Disaster Savings and Resilient Construction Act of 2013, providing $25,000 and $3,000 tax credits, respectively, to business or home owners who rebuild in declared federal disaster areas.
Read MoreCemex Loss Narrows as U.S. and Latin America Rebound
Cemex S.A.B. de C.V. announced that its second-quarter loss narrowed as a U.S. housing recovery and a Latin American rebound outside Mexico bolstered sales. The net loss was $152 million, compared with a $187 million loss a year earlier, the Monterrey, Mexico-based company said in a statement in late July. Sales rose 3.8 percent to $4.01 billion with U.S. revenue…
Read MoreAsh Grove Welcomes New VP of Manufacturing
Stuart E. Tomlinson joins Ash Grove Cement Co. next week as its vice president of manufacturing for the Midwest region, based in the company’s home office in Overland Park, Kan.
Read MoreFLSmidth Strengthens Foothold on Brazilian Market
FLSmidth continues to benefit from the upturn in the Brazilian cement market. In addition to the projects FLSmidth is already undertaking in Brazil, the company has received two new orders – a 3,300-tpd line and an OK-33 vertical roller mill.
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