Titan subsidiary purchases EBRD’s stake in ANTEA CEMENT SHA
Alvacim Ltd, a subsidiary of the Titan Group, has purchased the European Bank for Reconstruction and Development’s 20% stake in ANTEA CEMENT SHA.
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Alvacim Ltd, a subsidiary of the Titan Group, has purchased the European Bank for Reconstruction and Development’s 20% stake in ANTEA CEMENT SHA.
The two companies will cooperate in distribution and promotion of Magnezit products on the Brazilian market, as well as the development of new products for the metallurgical industry.
Cemex reports that higher selling prices and higher volumes in many regions resulted in a strong 4Q14 and full year.
According to a new MAC report, the year ahead will be challenging for the Canadian mining industry, despite a positive long-term outlook for metals and minerals.
Ed Sullivan told attendees at the 2015 World of Concrete that low oil prices would benefit economic growth this year, but that the same positive effects wouldn’t yet be felt in the construction industry.
Data from the Brazilian construction industry association states that 91% of all cement commercialised in Brazil in 2013 has some additive to supplement the clinker content.
Foreign exchange fluctuations and lower revenues from housing solutions projects in Colombia contributed to a 1% y/y decline in net sales.
Eagle Materials Inc. has reported record quarterly revenues of US$292 million for the quarter ending 31 December 2014, with cement operating earnings up 44%.
The new 2016 proposed budget plan from President Obama includes US$238 billion on infrastructure spending.
According to ‘Construction Chemicals’, a new report by The Freedonia Group, Inc., demand for construction chemicals used in onsite applications in the US is expected to rise by an estimated 8.2% a year.
Headwaters Inc. has reported its results for 1Q15, showing 26% growth in building products revenue and 14% growth in construction materials revenue.
Construction spending for December 2014 is estimated at a seasonally adjusted annual rate of US$982.1 billion. This is 0.4% higher than the revised November 2014 estimate and 2.2% higher than the December 2013 estimate.