HeidelbergCement Announces Board Changes

HeidelbergCement announced a succession plan that will see an early-2020 shift of executives on the managing board. Upon conclusion of his third term at the end of January 2020, Dr. Bernd Scheifele will vacate his role of chairman of the managing board, and will stand as supervisory board chair candidate in 2022. Succeeding him will be Managing Board Deputy Chairman Dr. Domink von Achten, whose present responsibilities for the Western and Southern Europe businesses transition to current North American head Jon Morrish.

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Cemex Net Sales Increase 6 Percent in 2018

Cemex announced that, on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, consolidated net sales increased by 4 percent during the fourth quarter of 2018 to $3.5 billion, and increased 6 percent for the full-year 2018 to $14.4 billion versus the comparable periods in 2017. Operating EBITDA, also on a like-to-like basis, remained flat during the fourth quarter of 2018 at $604 million and increased by 1 percent for the full year to $2.6 billion versus 2017.

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Executive Order Prioritizes Domestic Materials for Infrastructure Projects

President Donald Trump signed an executive order late last month promoting – and potentially requiring – expanded use of U.S.-made materials including cement on federally-financed infrastructure projects. The directive strengthens the administration’s “Buy American, Hire American” stance.

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PCA Applauds FHWA Nomination of Nason

The U.S. Senate Environment and Public Works Committee approved by voice vote the nomination of Nicole Nason to be the administrator of the Federal Highway Administration (FHWA). The Portland Cement Association (PCA), which endorsed Nason’s nomination in a letter to the committee, urged the full Senate to move expeditiously to confirm her.

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