The Portland Cement Association (PCA) announced that U.S. cement consumption is on track to see 2.7 percent growth in 2016, making a downward revision of a previous annual growth estimate of 4 percent reported earlier this year. The association also revised its 2017 U.S. cement consumption forecast to 3.1 percent growth, from 4.2 percent growth, crediting a combination of post-election…

CalPortland Co. CEO Allen Hamblen and Continental Cement Co. President Tom Beck were elected 2017 chairman and vice chairman of the Portland Cement Association (PCA) board of directors. Hamblen takes over PCA board chairmanship from John Stull, CEO of U.S. Cement for LafargeHolcim.

Elementia, S.A.B. de C.V. announced that its board of directors gave final approval to complete the acquisition of a 55 percent stake and full control of Giant Cement Holding Inc. from Cementos Portland Valderrivas S.A. for $220 million.

Cemex, S.A.B. de C.V. announced that one of its indirect subsidiaries, Sierra Trading, will present an offer and takeover bid for Trinidad Cement Ltd. (TCL), aiming to raise its stake in the Caribbean company from 39.5 percent to 74.9 percent for $89 million.