HeidelbergCement announced that its subsidiary Lehigh Cement Co. LLC has signed an agreement to sell its 51 percent position in Lehigh White Cement Co. to the minority shareholders Aalborg Cement Co. Inc. and Cemex Inc. The enterprise value of the transaction amounts to about $140 million.
Read MoreLafargeHolcim Reaches Major Disensa Milestone
LafargeHolcim opened its 1,000th Disensa retail store this past December in Alajuela, Costa Rica. The store is a family-run business with a portfolio of extensive construction materials primarily targeted at masons and self-builders.
Read MoreCement Equipment Market to Reach $9B by 2022
According to CW Research’s recently published “World Cement Equipment Market and Forecast Report,” the market for cement manufacturing related equipment and services is projected to reach $9 billion by 2022.
Read MoreHeidelbergCement Addresses U.S. Tax Reform
HeidelbergCement released a statement in response to the United States’ recent tax overhaul that reduced the federal corporate tax rate from 35 percent to 21 percent as well as changed the regulations regarding the utilization of loss carryforwards.
Read MoreASTM International Committee on Cement Honors Stutzman
Paul Stutzman, physical scientist with the National Institute of Standards and Technology (NIST), received the Bryant Mather Award from ASTM International’s committee on cement (C01).
Read MoreCemex USA Starts Off 2018 With Safety Awareness
Cemex USA kicked off the New Year by demonstrating its ongoing commitment to workplace safety and employee health with Safety Week 2018, an annual company-wide initiative designed to promote the company’s goal of achieving Zero4Life at its facilities across the United States.
Read MoreMcInnis Cement Owners Hire Advisers for Possible Sale
Canadian pension fund Caisse de Depot et Placement du Quebec and its partners have hired advisers to explore options for McInnis Cement, reported Bloomberg. The investors are considering options for the producer that could include bringing in new partners or an outright sale of the company.
Read MoreIndustry Groups Launch Cloud-Enabled Design Platform
The Portland Cement Association (PCA), American Concrete Pavement Association (ACPA) and the RMC Research & Education Foundation have teamed to create PavementDesigner.org, an online tool that offers features and benefits never before available to the pavement design community.
Read MoreLafarge Canada Hosts Lower Carbon Fuels Research Project
Lafarge Canada Inc. and its partners – University of Calgary, Queen’s University and Pembina Institute – are conducting a million-dollar study on the environmental benefits of introducing lower carbon fuels at its Exshaw Cement Plant. Building from previous research, the multi-partner, multi-site lower carbon fuels project is the most significant of its kind in Canada, noted the company.
Read MoreCemex Generates Highest Net Income in Decade
Cemex, S.A.B. de C.V. 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 2017 to $3.4 billion, and increased 3 percent for the full-year 2017 to $13.7 billion versus the comparable periods in 2016. Operating EBITDA on a like-to-like basis decreased by…
Read More