Cement consumption forecast drops; lower prospective highway funding culprit

Source: Portland Cement Association, Skokie, Ill.

Uncertainty regarding highway spending legislation and government policy related to the debt crisis has caused the PCA cement consumption forecast to be downgraded from a 1.4 percent increase over 2010 figures to 0.2 percent for 2011. Additionally PCA Chief Economic Ed Sullivan's recent forecast indicates 2012 figures will be nearly flat as well, with a downgrade of his 4.0 percent consumption increase to just 0.4 percent. According to Sullivan, the “previous forecast was based on the assumption that the new highway bill would be 20 percent higher than existing levels, but we now believe the funding will remain at current levels.”

Read more ...

Canadian cement consumption on the decline

Source: Portland Cement Assoication, Skokie, Ill.

According to a recent report by PCA, a weaker assessment for the U.S. economy in tandem with a slower Canadian construction outlook suggests Canadian cement consumption will not perform as previously anticipated.

Read more ...

Vance joins Ash Grove Cement

Source: Ash Grove Cement Co., Overland Park, Kan.

Ash Grove Cement announced recently that J. Randall “Randy” Vance is joining the company as its senior vice president of administration in the company’s home office. In his new role, Vance will direct finance, treasury, tax, information technology and human resources. “Randy brings two decades of corporate finance leadership experience and skills to Ash Grove that will complement our senior management team as he leads our administration and finance functions in our company,” said Ash Grove Chairman Charles Sunderland.

Read more ...

Let's stay in touch!

All of the latest news and our digital edition sent to your inbox once a week.

We'll never share your email address, and you can opt out at any time, we promise.

Resource Center