Cement news highlights: 11 – 15 May

Results

Cement and building materials producers have continued to publish their financial and operating results this week. This includes:

• Eagle Materials Inc.
• Steppe Cement.
• Cementir.
• Italcementi.
• HeidelbergCement.
• Buzzi Unicem.
• Titan Cement.
• Qalaa Holdings.
• Vulcan Materials Company.

Deals, expansion projects, contracts and acquisitions

• Aboitiz Equity Ventures, Inc. has signed an Exclusivity Agreement with a non-binding Memorandum of Understanding with CRH for five Lafarge plants and associated quarries.
• Cemex is investing US$300 million in its Solid plant in Luzon to add a 1.5 million tpy line, doubling the plant’s existing capacity.
• Putney Capital Management, LLC has announced that it has made a strategic investment in a cement terminal in Puerto Rico together with Cementos Argos.
• General contractor Chengdu Design & Research Institute of Building Materials Industry Co. Ltd has ordered an MPS 3070 BC mill from Gebr. Pfeiffer SE on behalf of Saudi Arabia-based Readymix.
• US-based MagneGas Corporation has announced that a cement company has approved the use of MagneGas® fuel as a replacement for acetylene.
• CMB International was chosen to carry out the refurbishment of a Cedarapids twin-deck primary rinse screen for Cemex UK’s Northfleet operation.

This week’s not to be missed articles…

• Ahmed Methlouthi, Ministry of Trade, Tunisia, provides an overview of the Tunisian cement industry.
• David Khanna, Commercial Director, bpi.visqueen, UK, explains why polythene is giving cement manufacturers a unique opportunity to differentiate.

Written by Louise Fordham

Read the article online at: https://www.worldcement.com/europe-cis/15052015/cement-news-highlights-11-15-may-2015-851/