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North America proves fertile ground for LafargeHolcim

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World Cement,

LafargeHolcim’s North American business posted strong growth in recurring EBITDA in 2017 on the back of a ramp-up in production at the Ste Genevieve plant in Missouri, US, and the completion of upgrade work at the Ravenna plant in New York.

Recurring EBITDA jumped 10.5% on the previous year, despite weaker sales across the company’s three cement, aggregates, and ready-mixed concrete. Cement sales were down 1.7% at 19.2 million t.

“There was a continued strong contribution from the US for the full year, despite the decline in volumes,” the company said.

“The early signs of recovery in the oil sector helped West Canada deliver improved results, while East Canada increased in earnings contribute despite a challenging competitive environment.”

LafargeHolcim operates cement grinding capacity of 33 million tpy in North America, comprising 24.7 million tpy in the US and 8.3 million tpy in Canada.

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LafargeHolcim news Cement news 2018