Displaying items by tag: US
Portland Cement Association updates economic forecast
01 February 2021US: The Portland Cement Association (PCA) has updated its winter 2020 – 2021 economic forecast. Senior vice president and chief economist Ed Sullivan said that in light of possible delays of three months or more to the national Covid-19 vaccine rollout, predicted robust economic recovery will be ‘slower than expected’ compared to expectations stated in the original forecast in December 2020. The PCA’s Market Intelligence Group expects cement consumption to grow by nearly 1% year-on-year in 2021, fueled largely by residential construction.
Japan/Indonesia: Taiheiyo Cement says that its board has approved and concluded its deal with Semen Indonesia to buy a 15% stake in its subsidiary Solusi Bangun Indonesia (SBI) for around US$220m. As part of the agreement, SBI’s Tuban plant will increase its export capacity by building a new jetty and silos. It will then export 0.5Mt/yr of cement to Taiheiyo Cement’s subsidiary in the US. The Japanese cement producer said that is focusing on markets in South-East Asia as part of its sustainable business development strategy in response to projected long term declining cement demand in Japan.
LafargeHolcim partners with Massachusetts Institute of Technology as founder member of MIT Climate and Sustainability Consortium.
29 January 2021US: Switzerland-based LafargeHolcim has become a founder member of the MIT Climate and Sustainability Consortium with the Massachusetts Institute of Technology (MIT). The group says that the consortium aims to accelerate climate action through innovation. It says that it will represent the building materials industry in working with MIT’s research team to develop ‘scalable solutions’ to tackle climate change. It joins 12 other companies, including Apple, Boeing and IBM.
Chief executive officer Jan Jenisch said, “I am committed to building a net zero future, driving innovative and sustainable building solutions that work for people and the planet. With the urgency of today’s climate crisis, no single organisation can tackle it alone. That’s why I am proud to be joining MIT’s alliance of like-minded industry leaders and academic partners to scale up our climate action together.”
Eagle Materials’ nine-month sales rise by 16% to US$1.28bn
29 January 2021US: Eagle Materials’ sales in the nine months up to 31 December 2020 rose by 16% year-on-year to US$1.28bn from US$1.10bn. Its net earnings were US$273m, compared to a loss of US$1.54m in the first nine months of its 2020 financial year. Total cement volumes rose by 28% to 6.1Mt from 4.8Mt, and cement sales revenue rose by 35% to US$676m from US$502m.
President and chief executive officer Michael Haack praised the performance in the quarter which ended on 31 December 2020, saying, “Our cement shipments were up by 28% year-on-year, reflecting the strong performance of the recently acquired Kosmos Cement Business and the strength of our core markets. We continued to generate strong operating cash flow, which significantly improved our balance sheet and liquidity position providing us with increased financial flexibility.” He added, “As we continue to navigate the Covid-19 environment, I want to thank our team for their exceptional work under extraordinary circumstances, delivering strong results, remaining focused on the integration of Kosmos and keeping our strategic projects on schedule. We continue to closely monitor the disruptions caused by the Covid-19 pandemic and their possible impact on our business in current and future periods. We also continue to enforce strict health and safety protocols to protect our employees, customers and business partners, and we will continue to manage our cash flow prudently and protect our balance sheet.”
Mexico: Grupo Cementos de Chihuahua (GCC) recorded earnings before interest, depreciation, taxation and amortisation (EBITDA) of US$308m, up by 6% year-on-year from US$292m. Net sales rose by under 1% to US$939m from US$934m. US cement volumes rose by 5%, excluding oil well cement, and rose by 3% in Mexico. The company said that its cost-and-expense reduction plan saved it US$24.3m throughout the year. During the second quarter of 2020 it signed a long-term agreement to secure wind power to meet 50% of the energy needs of its Rapid City cement plant.
Chief executive officer Enrique Escalante said, “GCC wrapped up 2020 with strong operational and financial results despite the challenges created by the Covid-19 pandemic. These positive results show GCC’s adaptability, resilience and what we can do in challenging times. We experienced a mixed demand for our products in Mexico and the US and, with the exception of oil-well cement, both markets outperformed expectations. GCC generated top-line growth, EBITDA, a strong free cash flow and margin expansion, benefitting from the successful execution of a comprehensive plan to reduce costs and expenses. 2020 was also a year of significant progress in GCC’s efforts to implement sustainability best practices. As a result, we reached our first major milestone by reducing net CO2 emissions by 9% from the 2005 levels.” He added, “Looking ahead, GCC entered 2021 even stronger than last year; even though the situation is still fluid and challenging, we are optimistic and we will operate with the same rigorous approach to continue creating value for all of our stakeholders: our shareholders, customers, employees and the communities where we operate.”
Portland Cement Association welcomes US Paris Agreement re-entry
22 January 2021US: The Portland Cement Association (PCA) has welcomed the new administration’s plan to re-enter the Paris Agreement to reduce global greenhouse gas emissions. President and chief executive officer Michael Ireland said, “Climate change is one of the greatest challenges of our time. The cement and concrete industry have an important role to play in decarbonising the manufacturing sector while providing the building materials necessary for a safe, resilient, and sustainable economy.”
The association’s government affairs senior vice president Sean O’Neill said “Federal policymakers will have a particularly important role to play. Some of the technologies needed to tackle industrial decarbonisation are still in the research and development phase. Governmental support is needed to accelerate both development and deployment. We also need to make sure that federal policies support industrial decarbonisation without undermining the competitiveness of US manufacturers.” He added, “Climate change is a global issue, and it will require global cooperation. The US cannot solve this problem alone.”
Peter Jones appointed as Platform Sales Manager for Forney LP
20 January 2021US: Forney LP has appointed Peter Jones as Platform Sales Manager for its ForneyVault construction materials testing (CMT) software platform.
Prior to joining Forney, Jones was Senior Municipal Software Specialist/Multi-Link Division for Link Computer Corporation in Bellwood, Pennsylvania. He also worked as Commercial Account Manager/Natural Resources for W W Grainger of Pittsburgh. He also spent 12 years with Sysco Food Services in Pittsburgh, last serving as Business Development Manager. He holds a bachelor's degree in management, accounting and finance from Hiram College in Ohio.
Forney LP sells products in the materials testing industry with a focus on material testing equipment for cementitious materials like cement, mortar, grout and concrete for the construction industry, downhole cement and proppant materials for oil and gas industry, and general metals testing. It sells its products to more than 75 countries. Its corporate headquarters is located near Zelienople, Pennsylvania with manufacturing facilities and stocking warehouses in the eastern and western US.
US: The Maui Planning Commission has approved Hawaiian Cement’s final environmental assessment as part of its plan to move its Kahului Harbour cement terminal to an adjacent facility. The application will now move to the state Office of Environmental Quality Control for a 30 day period before the permitting process can continue, according to the Maui News newspaper. The relocation will see the erection of two new silos, with a total capacity of 6000t.
Charah Solutions wins ash marketing contract from Dominion Energy for coal ash from power plant in Virginia
18 January 2021US: Charah Solutions has been awarded a marketing contract by Dominion Energy for the beneficiation and utilisation of up to 8.1Mt reclaimed ponded coal ash at its Chesterfield Power Station in Chester, Virginia. The contract will run from 2021 until 2032. It follows local state legislation requiring the power company to remove coal ash from sites at the Chesterfield Power Station within 15 years.
As part of the agreement, Charah Solutions will install processing and transportation infrastructure in 2021 to facilitate rail transportation of the ash from Chesterfield Power Station to cement kiln feed markets. The beneficiated ash product will replace other currently utilised virgin raw materials in the production of Portland cement at multiple cement kiln locations in the eastern US for the next decade and beyond, and help supply the growing demand for concrete in the construction industry.
US: Georgia Power will begin dewatering three ash ponds at its Mitchell power plant in Albany, Georgia. The company says that the coal ash will be used in local cement production.
Environmental and natural resources vice president Mark Berry said “As we begin the dewatering process at Plant Mitchell, we continue to focus on safety and meeting all requirements throughout the process to fulfill our longstanding commitment to protect the environment, our local communities and water quality every step of the way." He added “Throughout the process, clear communication to our customers and the community about our progress remains a priority."
With the Plant Mitchell project, approximately 2Mt of stored coal ash will be removed from the existing ash ponds for reuse in cement manufacturing. The project at Plant Mitchell marks the first time that stored ash from existing ash ponds at sites in Georgia will be excavated for beneficial reuse as part of an ash pond closure project. At present Georgia Power recycles more than 85% of all ash and gypsum, including more than 95% of fly ash, it produces from current operations for various beneficial reuses such as concrete production as well as other construction products.