Editorial

For 37 years, the International Cement Seminar & Exhibition was one of the most anticipated annual events for the North American cement industry. After an...
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Cement Newsline

The global portland cement market is forecast to reach a volume of 5.9 billion tons by 2024, registering a CAGR of 4.3% during 2019-2024, according to a new report available on ResearchAndMarkets.com. The global market...
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The Right Strategy Can Improve Cement Plant Operational Performance and Energy Management. By Mike Tay
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Cement Products

Bricking Solutions offers hydraulic and incline conveyors to increase maintenance efficiency and reduce worker physical strain. Made from heavy-duty aluminum, these conveyors increase efficiency and safety, while minimizing damage to kilns and refractory materials during routine maintenance.
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TXI’s 2nd-Quarter Loss Narrows as Cement Sales Go Up

Texas Industries Inc.’s (TXI) fiscal second-quarter loss narrowed as the company’s cement sales and margins continued to strengthen. Sales at the cement segment, the company’s biggest by revenue, rose 20 percent as the division swung to an operating profit. Total sales at the consumer products business slipped 9 percent.

When the quarter ended Nov. 30, TXI reported a loss of $11.1 million, or 40 cents a share, compared with a year-earlier loss of $21 million, or 75 cents a share. The latest period included a charge for stock-based compensation of 5 cents a share, while the year-ago period included a restructuring-related charge of 11 cents a share and income from stock-based compensation of 6 cents a share. Revenue climbed 15 percent to $167.7 million.

The company, which sells cement and other building materials mainly in Texas and California, has struggled to compete against more geographically diversified peers. Soft demand prompted Texas Industries to unveil a series of cost cuts in 2011 that increased efficiency but reduced its workforce. However, the company has reported improvement in its cement segment and stronger margins in recent quarters.

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