Displaying items by tag: US
HGH expands brand name
27 March 2019France: HGH Infrared Systems is expanding its brand name across its subsidiaries around the world. It says it is developing its brand image and communication strategy to suit its position as a global leader in the optronics market as its sales grow. Asia Infrared Systems, HGH’s subsidiary in Singapore, and Electro Optical Industries (EOI), will take on the HGH identity.
In 2016 HGH acquired EOI, a producer of electro optical test equipment based in Santa Barbara, California in the US. HGH’s and EOI’s products include SPYNEL thermal cameras, blackbody sources, integrating spheres, electro-optical test benches, NVD testing solutions and thermographic scanners. They cover the whole spectrum of light from visible to infrared radiation.
‘’By opting for a harmonised universal brand, we are strengthening our corporate culture and our shared commitment across our subsidiaries. This common identity is built upon quality care, customer service and innovation values, and opens door to a dynamic and highly promising future,’ said Thierry Campos, the chief executive officer (CEO) of HGH Infrared Systems.
Titan profit growth driven by grew US in 2018
21 March 2019Greece: Titan Group’s profit growth in 2018 due to by its US operations. However, negative currency exchange rate effects have dragged on its financial results. Overall, its turnover fell by 1% year-on-year to Euro1.49bn in 2018 from Euro1.51bn. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) decreased by 5% to Euro260m from Euro273m. However, its net profit rose by 26% to Euro53.8m from Euro42.7m.
By region, the US region reported rising turnover and stable EBITDA in US Dollar terms. An improvement in results was recorded in Florida, counterbalanced the lower profitability of the mid-Atlantic region, which was affected by protracted inclement weather and an increase in competition in the broader New York area. The market remained poor in Greece with falling turnover and earnings. Markets in south-eastern Europe recorded increases, although rising energy costs wee a concern. Continued problems were reported in Egypt and Turkey due to additional input costs and market conditions respectively.
Mexico/US: Cemex has entered into a global agreement with Petuum to implement its Industrial AI Autopilot software products for autonomous cement plant operations at its plants around the world. The products for cement plant operations are being deployed at select Cemex USA and Mexico plants and will continue to be rolled out in 2019.
"We expect our yield improvements and energy savings to be up to 7%, from the connected AI-based autopilots, which is game-changing for our industry,” said Rodrigo Quintero, Operations Digital Technologies Manager at Cemex.
Petuum says that its Industrial AI Autopilot suite of products can deliver real-time forecasts for key process variables, prescriptions for critical control variables and supervised autosteer aligned with business objectives for all cement plant operations including clinker cooler, preheater, rotary kiln, pyro-process, ball mill and vertical mill processes to achieve lowered energy consumption, optimised fuel mix and increased throughput while maintaining stable operation and product quality. The products are integrated with plant control systems and OSIsoft PI data infrastructure for scalable and standardised deployments across multiple lines and plants globally.
The joint Cemex and Petuum teams achieved a cruise-control-like supervised ‘autosteer mode,’ where the AI Autopilot could run operations with full engage-disengage control available to the operator.
To find out more about Pettum visit: https://petuum.com/
US: The Portland Cement Association (PCA) forecasts that cement consumption will grow by 2.3% year-on-year in 2019. It is a slight drop from the rate of 2.6% it previously forecast in November 2018.
“While there are several phenomena that confront the economy in the next two years, the PCA believes the economy is strong,” said Ed Sullivan, PCA Senior Vice President and Chief Economist. He added that rising interest rates are expected to drag on economic growth, leading to a slowdown in private construction. Cement consumption is expected to slow as a result.
The PCA also said in its Spring Forecast that rising state deficits had forced many states to adjust budgets, reduce costs, and re-prioritise spending. Infrastructure spending had been falling in priority as a consequence. In the medium term the PCA expects cement consumption growth to soften until 2021. It then thinks that President Donald Trump’s supplemental infrastructure initiative will arrive in 2022 leading back to increased cement consumption.
Votorantim Cimentos buys United Materials in the US
20 March 2019US: Brazil’s Votorantim Cimentos has acquied United Materials, a producer of aggregates, concrete and building materials, for an undisclosed amount. The purchase was conducted by its subsidiary Votorantim Cimentos North America. United Materials operates four ready-mix concrete plants, one aggregate quarry and two building materials units in the western part of New York state. It has around 140 employees.
US cement consumption tops 100Mt in 2018
19 March 2019US: Apparent cement consumption grew by 3% year-on-year to 100Mt in 2018 from 97.4Mt in 2017, according to estimates from the United States Geological Survey (USGS). Production of Ordinary Portland Cement and masonry cement rose by 2% to 87.8Mt from 86.1Mt. Imports of cement increased by 14% to 14Mt from 12.3Mt. Texas, California, Missouri, Florida, and Alabama were, in descending order of production, the five leading cement-producing states and accounted for nearly 50% of US production.
The USGS said that construction spending increased ‘modestly’ during the year, largely owing to somewhat higher spending in the residential and public construction sectors. The non-residential private building sector declined slightly. The leading cement-consuming states continued to be Texas, California, and Florida. Production of cement remained below capacity, in part reflecting both the technical and environmental issues in returning long-idle kilns to full production at some plants, and the availability of imported cement in coastal markets.
US: Argos USA’s Harleyville cement plant in South Carolina and Grupo Cementos de Chihuahua’s (GCC) Pueblo plant in Colorado have been awarded Energy Star certification by the Environmental Protection Agency (EPA) for the first time. Altogether 100 manufacturing plants across different industries earned the certification in 2018.
24 cement plants received the certification in 13 states. These cement companies included Alamo Cement, Argos USA, Buzzi Unicem, CalPortland, Cemex, Continental Cement, GCC, Holcim US, Lehigh Cement, Salt River Materials and Titan America.
“America’s cement manufacturers’ commitment to sustainable manufacturing have led to improved equipment reliability, energy efficiency, and the increased the use of alternative fuels,” said Portland Cement Association president and chief executive officer (CEO) Mike Ireland.
US: Metso Waste Recycling has appointed Lou Martins as its General Sales Manager in North America. His role will involve establishing the waste recycling organisation in North America to drive growth in the region for both static and mobile waste shredders. This includes hiring a distribution manager, establishing partner relations with plant builders and driving new business in North America.
Martins holds experience in the solid waste market, including six years with Van Dyk Recycling Solutions. He holds a bachelor’s degree in mechanical engineering as well as an MBA in Sales and Marketing.
US: Michael Haack has been appointed as the chief executive officer (CEO) of Eagle Materials. He succeeds Dave Powers, who will retire on 1 July 2019. Powers will remain on the company’s board of directors.
Haack is currently Eagle Material’s president and chief operating officer (COO). He joined Eagle Materials as COO in 2014 from Halliburton Energy Services, where he worked for 17 years. He holds an MBA from Rice University in Texas, as well as Master and Bachelor degrees in Industrial Engineering from Texas A&M and Purdue University, respectively.
Powers has worked in the building materials industry for 40 years. He joined Eagle Materials, formerly known as Centex Construction Products, in 2002. In 2005 he was promoted to Executive Vice President for Gypsum. He became president and CEO of Eagle Materials in early 2016.
US: The US Senate has confirmed Andrew Wheeler as the administrator of the Environmental Protection Agency (EPA). He had been working as acting administrator since the resignation of Scott Pruitt in July 2018. The Portland Cement Association ‘applauded’ the appointment of Wheeler, saying that he would ‘ensure’ regulatory certainty for the cement and concrete industry.