Cemex announced that, on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, consolidated net sales increased by 4 percent during the fourth quarter of 2018 to $3.5 billion, and increased 6 percent for the full-year 2018 to $14.4 billion versus the comparable periods in 2017. Operating EBITDA, also on a like-to-like basis, remained flat during the…
Read MoreExecutive Order Prioritizes Domestic Materials for Infrastructure Projects
President Donald Trump signed an executive order late last month promoting – and potentially requiring – expanded use of U.S.-made materials including cement on federally-financed infrastructure projects. The directive strengthens the administration’s “Buy American, Hire American” stance.
Read MorePCA Applauds FHWA Nomination of Nason
The U.S. Senate Environment and Public Works Committee approved by voice vote the nomination of Nicole Nason to be the administrator of the Federal Highway Administration (FHWA). The Portland Cement Association (PCA), which endorsed Nason’s nomination in a letter to the committee, urged the full Senate to move expeditiously to confirm her.
Read MoreLafargeHolcim Appoints Moreau as CEO of U.S. ACM
LafargeHolcim appointed Jay M. Moreau as chief executive officer of U.S. Aggregates and Construction Materials operations. Moreau joins LafargeHolcim from Martin Marietta Materials where he held the position of senior vice president of operations services. He succeeds Guy Edwards, who was recently appointed CEO of Aggregate Industries in the UK.
Read MoreSullivan Predicts Cement Increases
At World of Concrete in Las Vegas, Ed Sullivan, executive vice president and chief economist for the Portland Cement Association, noted that the state of the economy is good. Sullivan’s presentation is one of the highlights of the show each year.
Read MoreHeidelbergCement Accelerates Efforts on Portfolio Optimization
HeidelbergCement announced that it has made good progress with the acceleration of its portfolio optimization during the past weeks. The company closed the divestment of its 50 percent share in Ciment Québec and its minority participation in Syria in December 2018. In addition, a former cement plant area within the Cairo metropolitan area has been auctioned, and the divestment of…
Read MoreContinental Cement Plant Earns Energy Star Status
Continental Cement Co.’s Hannibal, Mo., cement plant recently earned the U.S. Environmental Protection Agency’s Energy Star certification, which highlights the plant’s status within the top 25 percent of cement operations in the nation with regard to energy performance.
Read MoreLafargeHolcim Announces New Supply Chain Executive
LafargeHolcim announced that Kristin Beck will assume the role of senior vice president of supply chain for the United States. Beck has more than 23 years of experience in global supply chain and transportation management.
Read MoreHeidelbergCement Leads Cement Sector on Environmental Performance
CDP (formerly Carbon Disclosure Project) published the results of its company rating for 2018, one of the most important sustainability ratings for the capital market. HeidelbergCement received an A- in the categories of “climate change” and “water”, reinforcing the company’s leading position in the cement sector on environmental performance.
Read MorePCA: Moderate Cement Consumption in 2019
At last week’s World of Concrete in Las Vegas, Portland Cement Association (PCA) Executive Vice President and Chief Economist Ed Sullivan predicted moderate growth in 2019 for the overall U.S. economy and in cement consumption. This was Sullivan’s first glimpse of his upcoming spring forecast for PCA’s Market Intelligence Group.
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