Eagle Materials will modernize and expand its Laramie, Wyo., cement plant and related distribution facilities as the company re-emphasizes its commitment to be the cement supplier of choice in the Mountain Region, including Denver and Salt Lake City markets.
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Texas Lehigh Cement Co., a 50/50 joint venture between Heidelberg Materials North America and Eagle Materials, will begin production at a new slag cement facility in Houston this summer.
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Terra CO2 and Eagle Materials have entered into exclusive agreements for the potential deployment of multiple eco-friendly, low-carbon cementitious commercial-scale plants that would service three different geographic areas, including the Greater Denver market.
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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Eagle Materials completed the acquisition of Martin Marietta’s cement import and distribution business in northern California, which includes a cement terminal in Stockton.
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Publicly traded U.S. cement producers just reported results, and those results are a mixed bag. At Summit Materials, Cement Segment net revenues increased 23.6% to $97.9 million in the fourth quarter of 2022. Cement Segment adjusted cash gross profit margin increased to 47.1% in the fourth quarter, compared to 42.7% in the prior-year period as strong pricing gains more than…
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The U.S. Department of Energy awarded $5 million in funding to Chart Industries’ Sustainable Energy Solutions to design, build, commission and operate an engineering-scale Cryogenic Carbon Capture (CCC) process at Central Plains Cement Co.’s cement plant in Sugar Creek, Mo.
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