Votorantim Cimentos ended the second quarter of 2023 with R$470 million net profit, a 28% increase compared to R$366 million in the same period last year. The company’s global net revenue in the quarter was R$6.9 billion, an increase of 3% compared to the prior-year period, primarily due to the volume added by the recently acquired Malaga plant in Spain.
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Argos announced positive financial results for the first half of 2023 despite climate challenges in the United States.
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Total shipments of portland and blended cement, including imports, in the United States and Puerto Rico in May 2023 were an estimated 10.1 million metric tons (Mt), a 4.3% increase from shipments in May 2022, according to the most recent USGS Mineral Industry Survey. Of total blended tonnage reported in May, 4.1 Mt (96%) was estimated to be portland-limestone cement (Type…
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Martin Marietta Materials reported results for the second quarter ended June 30, including quarterly records for revenues, profitability and unit margins. The company achieved gross profit of $1.821 billion versus $1.642 billion in the second quarter of 2022.
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Brimstone has received third-party certification that its portland cement processed from calcium silicate rock meets or exceeds ASTM C150, Standard Specification for Portland Cement.
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Ardex Americas, a supplier of engineered cements, adhesives and high-performance building products, encountered wear problems at the elbows of its pneumatic conveying lines handling sand at its Dallas, Ga. plant. The lines transfer materials between bulk handling trucks, eight silos, and batch-weighing and blending operations. Six of the silos hold cement, limestone and plaster. “Those materials are not very abrasive…
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New York University Abu Dhabi researchers are exploring the possibility of using brine to manufacture a sustainable alternative to ordinary portland cement.
Read MoreEagle Materials reported financial results for fiscal year 2023 and the fiscal fourth quarter ended March 31, 2023. For fiscal year 2023, the company is reporting record revenue of $2.1 billion, up 15% and net earnings of $461.5 million, up 23%. For the fourth quarter, the company is reporting record revenue of $470.1 million, up 14%.
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Votorantim Cimentos ended the first quarter of 2023 with a net profit of R$78 million, reversing the R$317 million loss in the prior-year period. The company’s global net revenue in 1Q23 totaled R$5.8 billion, an increase of 18% compared to the same period in 2022.
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During a panel at the IEEE-IAS/PCA Cement Conference in Dallas, Portland Cement Association (PCA) producer member executives confirmed that alternative fuel usage and carbon capture storage (CCS) technology are positioning the industry to reduce greenhouse gas emissions on a 2050 timetable true to the PCA Roadmap to Carbon Neutrality.
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