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The latest cement news

Lafarge Africa offers safety training

Lafarge Africa Plc has partnered with Canaancity Consortium, which is developing a number of estates in Nigeria, to offer construction-related health and safety training.


Vortex celebrates 40 years of business

Kansas-based materials handling specialist, Vortex, is celebrating four decades of business, after its founding by Loren Neil Paterson and Lee Young in 1977.


 

Argos reports cement volumes up across the board

Cementos Argos has reported growth in cement sales in each of its three operating regions, including a 49.4% bounce in the US on the back of its acquisition of the Martinsberg cement plant.

 

CRH moves on PPC

CRH has joined the battle for control of South Africa largest cement maker, less than a month after agreeing to take over the largest independent US producer, Ash Grove Cement.

Lytle Creek quarry receives award for safety

Cemex USA’s Lytle Creek quarry in California has been recognized for its safety performance by the California Construction and Industry Materials Association.


More cement news updates

 
 

Cemex USA opens Denver cement terminal

Cemex USA has opened its third cement operation in Colorado: a new rail-linked distribution terminal in Commerce City to serve the Denver Metro area.

 
 
 
 
 
 
 
 
 

Fairborn keeps Eagle sailing through 3Q17 storm

The additional business acquired with the Fairborn cement plant last year saw Eagle Materials’ cement business achieve record earnings in 3Q17, despite weather-related disruption in its other markets.

 
 
 
 
 
 

 

Votorantim’s Brazilian business drags down results

Votorantim reported a year-on-year fall in earnings in 3Q17 on the back of poor performance from the company’s Brazilian business. Other areas faired more positively but failed to offset the weakness in the company’s home market.

Earnings stood at BRL521 million in 3Q17, a 27.1% drop on the same period last year, driven by a 45.4% fall in like-for-like earnings in Brazil. The weakness in the Brazilian market was exacerbated by a BRL143 million tax adjustment.

In contrast, Votorantim’s North American reported a 12.7% increase in earnings on strong market positioning and operational efficiency in both Canada and the UK. In Europe, Asia and Africa, Votorantim reported a 13.7% increase in earnings on the back of strong results in Morocco, higher sales volumes in Turkey, and an upturn in India and China.

The stand-out performance came in the company’s Latin American business, where earnings rose by 63.8% year on year due to the ramp-up and better-than-expected operational performance of its Bolivian plant. Sales volumes from the plant were “considerably higher,” the company said “due to an increased local market share in Bolivia, and exports to Argentina”.

Exports from Votorantim’s Uruguayan plant also saw increased exports to Argentine.

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