LafargeHolcim reported third-quarter net sales growth of 4.1 percent year-on-year. The company said it delivered solid like-for-like operating EBITDA Adjusted Growth in the third quarter with positive contributions from Latin America, North America and Europe.
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Publicly Traded Companies Report
The aggregates industry’s publicly traded companies reported second quarter results.
Read MoreLafargeHolcim Notes U.S. Business Gains in Second Quarter
LafargeHolcim reported that net sales rose 3.6 percent like-for-like in the second quarter of the year.
Read MoreLafargeHolcim CEO Resigns
Eric Olsen, CEO of LafargeHolcim, has resigned effective July 15, two years after taking up the CEO role and assuming responsibility for successfully implementing the merger of Lafarge and Holcim. His resignation is in response to the controversy regarding payments the company made to armed groups in Syria to ensure staff safety.
Read MoreCemex, LafargeHolcim Faced with Political Implications of Trump’s Wall
Cemex announced that it has opted not to bid on supplying President Donald Trump’s proposed wall between the Mexico-U.S. border, putting profits secondary to a potential political backlash in its home country.
Read MoreMerger and Acquisition Activity Heats Up
One of the key indicators of an expanding construction-materials market is merger and acquisition activity. We are starting to see a little bit of that right now.
Read MoreFIRST LOOK – FEBRUARY 2017
TOP NEWS Vulcan Acquisition Vulcan Materials Co. signed an asset purchase agreement to acquire Lebanon, Tenn.-based LoJac Holdings Corp.’s asphalt, construction, safety and Monterey operations. Summit Acquisition Summit Materials Inc. entered into definitive agreements to acquire Colorado-based Everist Materials LLC and Arkansas-based Razorback Concrete Co., subject to customary closing conditions. LafargeHolcim Innovation Airium, an innovative new product from LafargeHolcim, is…
Read MoreQuarry Lockout Continues in Canada
Workers at Texada Quarrying on Texada Island in British Columbia, Canada, have been locked out since the middle of October, reported the Powell River Peak. Bargaining between LafargeHolcim and United Steelworkers Local 816 has fallen through over wording around seniority rights, despite an offer to improve benefits and wages from the company.
Read MoreLafargeHolcim Develops Mineral-Based Insulation Product
Airium, an innovative new product from LafargeHolcim, is a “disruptive technology in the insulation market,” according to the company. Developed and patented by LafargeHolcim’s global R&D center near Lyon, France, Airium is a mineral insulating foam that improves energy efficiency for buildings, from floor to ceiling.
Read MoreLafargeHolcim Reports Decreased North American Aggregates, Cement Sales
LafargeHolcim announced third-quarter results, with both aggregates and cement sales in North America decreasing. Aggregates sales totaled 36.7 million tons, down from 38.8 million tons in 2015. Cement sales totaled 6.0 million tons, down from 7.0 million tons in 2015.
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