The Trinidad Cement Ltd. (TCL) board of directors is urging shareholders to reject an offer and takeover bid by Cemex through its indirect subsidiary Sierra Trading, reported The Jamaica Gleaner. The offer is aimed at raising Cemex’s stake in the Caribbean company from 39.5 percent to 74.9 percent for $89 million.
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MSHA Releases Fatal Accident Report on Slurry Tank Fall
The Mine Safety and Health Administration (MSHA) released a report on the May 10, 2016, fatal accident at Ash Grove Cement Co.’s Midlothian, Texas, operation.
Read MoreASTM C01 Honors Consumers Concrete CEO
Bruce Blair, president and CEO of Kalamazoo, Mich.-based Consumers Concrete Corp., received the Bryant Mather Award from ASTM International Committee on Cement (C01).
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Read MoreAsh Grove Announces Intern Scholarship Recipients
Ash Grove Cement Co. announced that Baili Connors and Brandon Bell were selected to receive its annual intern scholarship. Connors interned at the company’s Overland Park, Kan., technical center and is studying chemistry, math and statistics at Montana Tech. Bell interned for Ash Grove at its Chanute, Kan., cement plant and is studying industrial engineering at Kansas State University.
Read MorePCA Revises Cement Consumption Forecasts
The Portland Cement Association (PCA) announced that U.S. cement consumption is on track to see 2.7 percent growth in 2016, making a downward revision of a previous annual growth estimate of 4 percent reported earlier this year. The association also revised its 2017 U.S. cement consumption forecast to 3.1 percent growth, from 4.2 percent growth, crediting a combination of post-election…
Read MorePCA Elects 2017 Board of Directors Leadership
CalPortland Co. CEO Allen Hamblen and Continental Cement Co. President Tom Beck were elected 2017 chairman and vice chairman of the Portland Cement Association (PCA) board of directors. Hamblen takes over PCA board chairmanship from John Stull, CEO of U.S. Cement for LafargeHolcim.
Read MoreElementia Completes Acquisition of Giant Cement
Elementia, S.A.B. de C.V. announced that its board of directors gave final approval to complete the acquisition of a 55 percent stake and full control of Giant Cement Holding Inc. from Cementos Portland Valderrivas S.A. for $220 million.
Read MoreCemex Announces Bid to Takeover Trinidad Cement
Cemex, S.A.B. de C.V. announced that one of its indirect subsidiaries, Sierra Trading, will present an offer and takeover bid for Trinidad Cement Ltd. (TCL), aiming to raise its stake in the Caribbean company from 39.5 percent to 74.9 percent for $89 million.
Read MoreCemex Recognized for Conservation Efforts
Cemex, S.A.B. de C.V. announced that the Wildlife Habitat Council (WHC) awarded the company with its highest recognition for conservation efforts in Mexico and the El Carmen ecological reserve.
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