Cemex announced that, on a like-to-like basis for the ongoing operations and adjusting for foreign exchange fluctuations, consolidated net sales in the second quarter decreased by 3%, reaching $3.5 billion versus the comparable period in 2018. Operating EBITDA decreased by 14% on a like-to-like basis during the second quarter of 2019 to $644 million on a year-over-year basis.
Read MoreMonth: July 2019
Astec Names Ruffalo President
Astec Industries named Barry Ruffalo president and chief executive officer effective Aug. 12. Ruffalo, has been a group vice president at Valmont Industries for the past 13 years. He fills the vacancy created in January when former CEO Ben Brock, the son of company founder J. Don Brock, resigned after heading Astec for five years. Prior to his work with Valmont Industries,…
Read MoreHardface Technologies Introduces Reactive Core Technology
Hardface Technologies, a Cleveland-based manufacturer of industrial hardface and wear-resistant products, introduced Reactive Core Technology (RCT), an exclusive blend of “reactors” in the core of Postle tubular wires and tubular electrodes for hardfacing. During the application of hardfacing, components in the core of the welding wire or electrode require energy to react and melt together to form the hardfacing alloy.…
Read MoreVulcan’s Aggregates Segment Paces Strong Second Quarter
Vulcan Materials Co. announced results for the quarter ended June 30. Net earnings were $198 million, up 24%, and Adjusted EBITDA was $372 million, up 15% compared to last year’s second quarter.
Read MoreHalliburton Cuts Workers; Idles Gear
Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by trimming 8% of its North American workforce and shelving unused frack gear, according to Bloombeg.
Read MoreHo-Chunk Nation Withdraws from Meteor Timber Deal
The Ho-Chunk Nation has notified Meteor Timber that it is withdrawing from negotiations for consideration of its $75-million frac sand facility, according to WEAU 13 News.
Read MoreEagle Ford May Provide Hope For Northern White Sand Producers
Joel Schneyer, managing director at Capstone Headwaters, said that Rystad Energy is reporting that the Eagle Ford may provide hope for Northern White Sand producers because inferior quality in-basin sand may not be adopted
Read MoreEmerge Energy Services Files Chapter 11
Emerge Energy Services, which owns eight frac sand mining and processing facilities in Wisconsin under subsidiary Superior Silica Sands, has filed for Chapter 11 bankruptcy protections in federal court, according to Wisconsin Public Radio.
Read MoreThis Week’s Market Buzz
• A man was arrested after two men fought to have the last word during a recent Kanab, Utah, city council meeting. William James, 40, was arrested July 9 on suspicion of disorderly conduct after request to stop, a class B misdemeanor, and disrupting a meeting or procession, a class C misdemeanor. He was charged with disorderly conduct a few…
Read MoreMurray Talks About Construction Market
July 25, 2019 – Dodge Data and Analytics released its report for June,and thus the first half of the year. “On balance, the pace of construction starts has been sluggish so far in 2019, as activity has been generally lower than the healthy amount reported during the first half of 2018,” stated Robert A. Murray, chief economist for Dodge Data & Analytics.…
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