US: Eagle Materials acquires a stake in Houston Cement

2006-09-04 00:00:00
< DIV > Eagle Materials, a major manufacturer and distributor of building materials in the United States, said that Texas Lehigh, which is 50% owned by the company, had recently acquired some shares of Houston Cement.
< DIV > There are two Portland cement import stations in the Houston area, located along the Houston Harbor Waterway, near the city of Texas. It is estimated that the annual production capacity of Houston Cement reaches 3 million tons.
< DIV > Based on its investment in Houston Cement, Texas Lehigh purchased a minority stake in Houston Cement, while the rest of Houston Cement was owned by Ash Grove Texas and Alamo Cement. The proceeds from the sale of Houston Cement will be distributed among the companies in proportion to their respective shares.
In Texas Lehigh, Eagle owns 50%, while Lehigh Cement, owned by HeidelbergCement in Aaron, Pennsylvania, owns the other 50%.
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Correlation

In the long term, the Portland Cement Association (PCA) has predicted that cement consumption in the United States will increase by 9.7% in 2014 and 2015, reaching 86 million tons in 2014. Cement consumption in the United States is expected to rise by 11% in 2016. PCA also expects cement consumption in the United States to reach 119 million tons by 2018.

2014-08-15 09:40:45

2005-12-20 00:00:00

2005-07-13 00:00:00

Due to the recovery and expansion of the economy, the industrial infrastructure of the United States has been strengthened, which has led to an increase in domestic product shipments in the United States, but also stimulated product consumption. The Portland Cement Association of America believes that by 2008, the volume of cement in the United States will exceed 117 million tons.

2004-12-20 00:00:00

CEMPI

102.51

-0.07 -0.07%

CONCPI

86.76

0.00 0.00%

CLKPI

109.06

0.00 0.00%

SPPI

42.67

+0.56 +1.33%

MORPI

72.22

+0.36 +0.50%

From December 3 to 4, China Cement Network will hold the "16th China Cement Energy Conservation and Environmental Protection Technology Exchange Conference and the First Solid Waste Comprehensive Utilization and Fluidized Solidified Soil Development Conference" in Wuhan, Hubei Province, and release the "2026 Cement Kiln Co-disposal Hazardous Waste Capacity Ranking List" at the same time. Professor Yin Suhong will have a detailed exchange with the industry on the research and application status and future development of solidified soil technology. Please pay attention to it.