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Strong, low cost position.
Cement is the basic binding agent for concrete, a widely used, versatile
construction material. Eagle's four cement manufacturing
facilities are located in Illinois, Nevada, Texas and Wyoming (Eagle's
Texas plant is operated through a 50/50 joint venture). Eagle
recently expanded its Illinois facility by over 70%, which increased its
annual cement production capacity to approximately 3.1 million tons,
making Eagle the third largest American-owned cement producer. In
addition, Eagle has announced plans to expand its Nevada and Wyoming
cement facilities to approximately one million tons each. All of
our cement facility upgrades share common goals: provide additional
capacity to satisfy future growth in demand and facilitate substantial
improvement in our energy consumption and per unit production costs.
Once the modernization and expansion projects are completed, we will
have an outstanding portfolio of cement assets with nearly four million
tons of annual cement production capacity. All four of our cement
plants will be highly efficient and will be appropriately sized for the
markets in which they compete.
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