Displaying items by tag: US
Solidia Technologies partners with Chryso to further develop Solidia concrete product
15 September 2020US: Solidia Technologies and France-based Chryso have announced a collaborative partnership for the further development of the Solidia ‘ultra-low’ CO2 concrete product. The companies plan to use their “combined expertise to improve the sustainability performance and material properties” of the concrete.
“Incorporating Chryso’s exclusive water-reducing admixtures adapted to the specific chemistry of Solidia Concrete, will further reduce water consumption in the curing process,” said Tom Schuler, president and chief executive officer (CEO) of Solidia Technologies.
Cemex launches resilience strategy
11 September 2020Mexico: Cemex has launched Operation Resilience, its 2020 medium-term strategy. The plan consists of strategic divestments, US$280m in cost reduction and optimisation of the company’s portfolio towards European and US markets.
Chief executive officer (CEO) Fernando Gonzalez said, “Operation Resilience lays the foundation for our future. It allows Cemex to optimise its portfolio for profitable growth while securing its position as a leading vertically-integrated heavy building materials company with a focus on four core businesses: cement, ready-mix, aggregates and urbanisation solutions. We will concentrate on developing sustainable urbanisation solutions which meet the needs of growing metropolises while we ourselves progress towards achieving our long-term decarbonisation goals.”
Argonaut Private Equity buys well cement business from BJ Services
07 September 2020US: Argonaut Private Equity has acquired a well cement business following the bankruptcy of Texas-based BJ Services. The purchase retains 260 employees and procures company assets and equipment, including bulk plants and technical labs located in the field. No fracturing assets were acquired in the acquisition. It has rebranded the business as American Cementing.
“The addition of American Cementing to the Argonaut Private Equity portfolio combines our expertise in efficient operations management with our experience in the oil and gas industry,” said Steve Mitchell, Argonaut’s chief executive officer (CEO).
American Cementing services include laboratory testing, blending at the bulk plant and mixing and pumping operations at the wellsite. Additionally, the company offers acidising services and products that are intended to enhance production and remove well-bore damage to preserve well lifetime.
Bulk Handling Systems appoints Thomas Brooks as chief technology officer
02 September 2020US: Bulk Handling Systems (BHS) has appointed Thomas Brooks as its chief technology officer (CTO). He previously worked as BHS’ Director of Technology and Product Development. Brooks was recently named a Waste360 40 Under 40 award winner. He has served in management and new product development roles in the aerospace, biomedical, industrial and automotive industries, among others. He holds a Bachelor’s Degree from Tennessee Tech University in Mechanical Engineering with a focus on controls and fluid dynamics.
CRH publishes first half 2020 results
20 August 2020Ireland: CRH recorded a profit of US$406m in the first half of 2020, down from US$602m in the first half of 2019. Sales fell by 4.9% year-on-year to US$12.2bn from US$12.8bn. Price rises in many markets offset the general reduction in cement volumes caused by coronavirus lockdown, while volumes grew in Germany, the Benelux countries, Brazil and the US.
Chief executive officer (CEO) Albert Manifold said, “We took swift and comprehensive action in response to the Covid-19 crisis, and our ability to flex our cost base and deliver improved profitability, margins and cash generation in a rapidly evolving environment demonstrates the strength and resilience of our business. The outlook for the rest of the year and into 2021 remains uncertain and is dependent on an improving health situation across our markets.” Though the group provided no full-year guidance for 2020, it said, “The longer-term prospects for CRH remain positive, benefiting from significant financial strength and resilience together with a portfolio of high-quality assets in attractive markets.”
Brazil: Votorantim Cimentos recorded a loss of US$94.0m in the first half of 2020, up by 99% year-on-year from US$47.2m in the first half of 2019. Sales fell by 8% to US$680m from US$739m. During the period Votorantim Cimentos and its subsidiary St Mary’s Cement increased the balance withdrawn from credit facilities by US$247m, in order to “strengthen liquidity as protection within the current crisis context due to the Covid-19 pandemic and to cope with the seasonality that recurrently affects North America.” The group says that it will reduce the value of its 2020 investments by 25% to US$545m from a planned US$726m, down by 6.3% year-on-year from US$581 in 2019.
US: Mexico-based Cemex supplied 15,000t of cement to the Hartsfield-Jackson Airport in Atlanta, Georgia, for the construction of a 3770m runway and taxiway by McCarthy Improvement Company. Replacing an existing runway, the new runway is the longest at Hartsfield-Jackson, the world’s busiest airport.
Cemex USA president Jaime Muguiro said, “Infrastructure in the US needs improvements and updates so that Americans can remain connected and get where they need to go quickly, safely and efficiently. At Cemex, we are proud to securely support essential infrastructure projects that help achieve those goals and provide products that will enhance the experiences of travellers for years to come.”
Container explodes at concrete plant
10 August 2020US: A container at the Jobe Materials concrete plant in El Paso, Texas exploded early on 9 August 2020, causing damage to communication wires at the plant. KVIA News has reported that there were no injuries, nor any damage to buildings, resulting from the explosion. Fire services are investigating the incident.
Dragon Products fined US$67,000 for air emissions breech
07 August 2020US: Dragon Products has been fined US$67,000 by the Maine Department of Environmental Protection for exceeding air emissions regulations since 2013. Ammonia, carbon monoxide and particulate matter levels were all breeched, according to the Bangor Daily News newspaper. Other irregularities with standards were also noted, such as baghouse inlet temperature limits and clinker cooler opacity standards.
Colombia: Cementos Argos’ says its sales volumes in the first half of 2020 were affected by coronavirus-related lockdown measures in Colombia and some countries of Central America and the Caribbean. These markets have since recovered gradually as quarantine measures were eased. Its revenue fell by 4.6% year-on-year to US$1.14bn in the first half of 2020 from 1.20bn in the same period in 2019. Cement and ready-mixed concrete (RMC) sales volumes declined by 15% to 6.79Mt and 19.9% to 4.05Mm3 respectively. Earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 9.5% to US$200m.
“These results were driven mainly by the firm commitment of our employees in implementing the health and safety protocols and the saving initiatives contained within RESET (restart safe and healthy), together with the better-than-expected market dynamics particularly in the US and some of our markets in the Caribbean,” said Juan Esteban Calle, the group’s chief executive officer (CEO).
By region the group reported growing RMC sales and earnings, both on an adjusted basis, in the US in the second quarter of 2020. Cement volumes fell in the country, mainly due to lower cement sales volumes in the Northeast region, due to lockdown measures and reduced demand from the wholesale segment. In Colombia a complete national lockdown from the start of the second quarter reduced sales significantly. A mixed picture was presented in the Caribbean and Central America due to differences in government lockdown policy although overall sales and earnings were down.