Summit Material’s cement business revenues jumped by 49.3% in 2016, following the purchase of the Davenport cement plant in 2015 and rising US demand for the building material.
Terex Corporation has announced a 4Q16 loss.
French engineering group, Fives, has commissioned the cement grinding plant at Tula cement plant in Mexico, part of a new cement production line at the plant.
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US cement production capacity is sufficient to meet any rise in demand driven by infrastructure revitalisation, according to the Portland Cement Association.
US cement maker, Martin Marietta, reported a positive end to the year, with cement shipments up, despite headwinds in Texas. Its cement business also reported higher gross profit for the year.