US cement news
Summit reports positive 3Q17 for its cement business
Earnings in Summit Materials cement business jumped by almost a fifth in 3Q17 on higher cement sales volumes and price improvement.
CRH succeeds in bid for Ash Grove Cement
CRH’s takeover of Ash Grove Cement gained shareholder approval, after a rival bid from Summit Materials failed to materialise.
China drags on global cement consumption growth
China will drag down average cement consumption growth over the next five years, as the country continues to battle overcapacity, counterbalancing a rosier outlook elsewhere.
PCA revises down forecast for cement demand
The Portland Cement Association has reduced its forecast for cement demand growth in the US on the back of bad weather and lower public spending.
Rival bid emerges for Ash Grove Cement
Ash Grove Cement has received a second takeover bid, throwing CRH’s planned acquisition of the company into doubt.
Summit announces leadership change
Douglas Ruah will leave Summit Materials at the end of the year. Ruah has served as Executive Vice President and COO since 2013.
Cement shipments increase in July 2017.
USGS’s Mineral Industries Survey indicates an increase in cement shipments in July 2017.
Cemex sells remaining direct stake in GCC
Mexican cement major, Cemex, has sold its remaining direct stake in Grupo Cementos de Chihuahua, which operates cement plants in Mexico and the US.
Ash Grove appoints new CEO
Ash Grove Cement Co. has promoted J. Randall Vance as President and CEO, assuming the roles from Charles Sunderland, who remains Chairman.
Monarch Cement reports rising cement sales
Kansas-based The Monarch Cement Co. has reported a rise in cement sales in 2Q17 and 1H17.