Corporate Profile for TXI, dated Sept. 11, 1998.DALLAS--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Sept. 11, 1998
Company Name: TXI
Address: 1341 W. Mockingbird Lane
Dallas, Texas 75247
Main Telephone
Number: 972/647-6700
Internet Home
Page Address
(URL): http://www.txi.com
Chief Executive
Officer: Robert D. Rogers
Chief Financial
Officer: Richard M. Fowler
Investor Relations
Contact: Kenneth R. Allen
Business number: 972/647-6730
Public Relations
Contact: Harold Green
Business number: 972/647-3366
Trading Symbol/
Exchange: TXI
Industry: Building Materials
Company description: TXI TXI Transmit Immediate TXI Taxable Income TXI Transmit Immediate Protocol is a leading supplier of building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . . The Company's primary product lines are cement cement, binding material used in construction and engineering, often called hydraulic cement, typically made by heating a mixture of limestone and clay until it almost fuses and then grinding it to a fine powder. and structural steel; additional lines include bar steel, aggregate and concrete products. The Company is also an innovative recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. company. The Company's strategy is to grow and generate equity returns in the high teens through market leadership, technological excellence, new product and process innovation and low cost manufacturing. -0-
Financial Performance Financial Data (May 31, 1998)
E.P.S. R.O.E. Revenues $ 1.2 billion
----- ----- Net income 102 million
FY95/a 1.94 13.8% Total Assets 1.2 billion
FY96 3.52 21.0% Capital Spending 440 million
FY97 3.40 17.3%
FY98 4.69 20.5%
/a FY ends May 31
Market Leadership, Technological Excellence, Innovation, Low-cost Manufacturing -- Largest cement producer in Texas and a major cement supplier in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , the two largest cement markets in the U.S. -- Second largest producer of structural products in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. -- Major aggregates and concrete producer in Texas, Louisiana Louisiana (ləwē'zēăn`ə, l  ē'–), state in the S central United States. It is bounded by Mississippi, with the Mississippi R. ,California and Colorado -- Major producer of specialty steel bar products in North America -- Developed patented "near net shape" casting process for structural beams -- A leader in the use of alternative fuels in the manufacture of cement -- Patented "CemStarsm" process adds 10% to TXI cement capacity -- All steel products are made from recycled steel -- On-site steel shredder is the largest in the world -- Operations are low-cost suppliers Committed to Growth -- New structural steel facility in Virginia Virginia, state, United States Virginia, state of the south-central United States. It is bordered by the Atlantic Ocean (E), North Carolina and Tennessee (S), Kentucky and West Virginia (W), and Maryland and the District of Columbia (N and NE). , scheduled to come online summer 1999, will add 70% to TXI's steel capacity ($450 million investment) -- Recent acquisition of Riverside Cement in California added 60% to TXI's cement capacity ($120 million, closed January 1998) -- Applied for permit to expand north Texas plant from 1.3 million tons to 2.8 million tons -- CemStar licensing to other cement companies will generate earnings through time. -- Acquired Western Aggregates of Colorado in December 1997, enhancing TXI's position as the leading producer of expanded shale shale, sedimentary rock formed by the consolidation of mud or clay, having the property of splitting into thin layers parallel to its bedding planes. Shale tends to be fissile, i.e., it tends to split along planar surfaces between the layers of stratified rock. and clay aggregate products west of the Mississippi Mississippi, state, United States Mississippi (mĭs'əsĭp`ē), one of the Deep South states of the United States. It is bordered by Alabama (E), the Gulf of Mexico (S), Arkansas and Louisiana, with most of the border formed by . CONTACT: TXI |
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