GCCA Elects Board Members

The 10 founding members of the Global Cement and Concrete Association (GCCA) met late last month to formally launch the association. At an event in London, members appointed Albert Manifold, chief executive of CRH plc, as president and Fernando A. González, chief executive of Cemex, and Jianglin Cao, chief executive of CNBM, as vice-presidents. The association will focus on global construction challenges and promote leadership in the manufacture and use of cement and concrete.

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Cemex Executives Ignite Awareness of Youth Soccer Program

Members from Cemex USA’s management team, along with other global executives, were in Atlanta for a session of IGNITE 2018: Spark Innovation, an initiative to develop leaders who embrace new ways of thinking, learning and working, while helping them achieve greater success as industry evolves with digital technologies.

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Argos’ Consolidated EBITDA Up 31 Percent

In the first three months of 2018, Cementos Argos, Grupo Argos’ cement company, reported consolidated EBITDA increased 31 percent with respect to the same quarter as the prior year and stood at COP371 billion ($127.9 million). Revenues totaled COP1.9 trillion ($655.5 million) and net income totaled COP54.8 billion ($18.9 million).

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Adverse Weather Hinders HeidelbergCement’s First Quarter Results

HeidelbergCement said its result from current operations before depreciation and amortization decreased by 34 percent to €252 million for the first quarter of 2018. The company noted that the long winter in North America and Europe impaired sales volumes and revenue as well as the result from current operations.

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