Cement News tagged under: Cemex
CASEC to increase stake in CEMEX Philippines27 January 2023, Published under Cement NewsCEMEX Asian South East Corp (CASEC) is increasing its stake in CEMEX Holdings Philippines Inc (CHP) from 77.89 per cent to 89.86 per cent by acquiring an additional 11.97 per cent through a PHP2.1bn (US$38.5m) tender offer, reports Manila Bulletin. In a disclosure to the Philippine Stock Exchange (PSE), CEMEX said the tender offer will reduce its public float from the current 22.11 per cent to 10.14 per cent, However, it noted that the tender offer is not being made with the intention ... |
CEMEX acquires Atlantic Materials27 January 2023, Published under Cement NewsCEMEX has agreed to acquire Canada-based Atlantic Minerals Ltd, including a construction and chemical aggregates quarry and port operations. With this investment, CEMEX has secured a new long-term aggregates reserve for its extensive Florida operations and the US east coast, as well as a source of chemical-grade stone serving a broader geographic footprint, according to the company. The acquisition is expected to increase CEMEX’s aggregates reserves for the US market by approximately 20 pe... |
CEMEX launches Regenera circularity business26 January 2023, Published under Cement NewsCEMEX has announced the launch of Regenera, a business that provides circularity solutions, including reception, management, recycling, and co-processing of waste. Regenera leverages CEMEX’s global footprint and the ability of its production processes to use non-recyclable refuse and industrial by-products as more sustainable substitutes for fossil fuels and natural raw materials. According to CEMEX, Regenera aims to serve a diverse client base which includes industrial, manufacturing, ... |
CEMEX launches Bio-sourced admixture range16 January 2023, Published under Cement NewsCEMEX has launched of a new range of bio-sourced admixtures designed for a reduced carbon footprint. These admixtures use natural, renewable and locally-sourced raw materials and may achieve a carbon footprint up to 70 per cent lower than traditional oil-based admixtures. Thanks to a unique production process, CEMEX’s admixtures are the first in the building materials industry to deliver these attributes while utilising bio-based raw materials, claims the company. The new range of admixtu... |
The electrified commercial cement kiln06 January 2023, Published under Cement NewsLast year, the US signed into law the Inflation Reduction Act (IRA) of 2022, the most significant climate legislation in US history. The IRA will provide some US$500bn in new spending and tax breaks, with nearly US$400bn directed towards carbon emissions reduction and funding clean energy. A reported US$5.8bn is earmarked for industrial decarbonisation. For the cement sector it represents a great opportunity in North America to invest in new technology to decarbonise and cement kiln elect... |
CEMEX Philippines' low-carbon cements get government approval05 January 2023, Published under Cement NewsCEMEX Philippines has become one of only three cement companies in the country to be given accreditation and authorisation to have its blended hydraulic cement Type IT used in government infrastructure projects, reports Inquirer.net. According to an announcement by the Department of Public Works and Highways (DPWH), blended hydraulic cement Type IT can be used in public works as long as it has the requisite certification in accordance with PNS 63:2019, and must be utilised according to DPW... |
Synhelion receives new funding for solar fuel technology16 December 2022, Published under Cement NewsSolar fuel specialist Synhelion has raised CHF22m (US$23.7m) in another successful financing round. The funds were primarily provided by existing investors, including CEMEX and CEMEX Ventures, CEMEX’s corporate venture capital and open innovation unit, as well as selected new strategic investors. The proceeds of the investment round will accelerate Synhelion’s growth and support the scaling and commercialisation of its unique technology. Synhelion’s existing and new investors are worl... |
CEMEX announces first Circularity Center14 December 2022, Published under Cement NewsCEMEX has announced the launch in Colombia of its first Circularity Center worldwide. The site is located south of Bogotá in an old quarry that has been restored recently and will become a model for other CEMEX operations. The 300ha property, located in the Tunjuelo sector, was used for more than 70 years as a source of building materials for the growth of Bogotá. By having excavations more than 50m deep, the land has been used in recent years as the primary recipient of demolition wast... |
Infrastructure: the shining light in Colombia’s cement market12 December 2022, Published under Cement NewsThe infrastructure sector has played a key part in the prosperity of Colombia’s construction and cement industries. Going forward, analysts forecast a modest market expansion. By Bancolombia, Colombia, and ICR Research, UK. Colombia’s cement producers are looking to the infrastructure market to increase sales (Pictured: Argos’ Cartagena plant) Over the last decade, Colombia’s infrastructure sector has been fundamental to the performance of the country’s construction market and, ... |
CEMEX validates 2050 net-zero CO2 target with SBTi09 December 2022, Published under Cement NewsCEMEX has validated its 2050 net-zero CO 2 target through the Science Based Targets initiative (SBTi), becoming one of the first companies in the industry to do so. The validation accounts for CEMEX’s short-term 2030 targets, previously validated by the SBTi for alignment with their 1.5ºC scenario, and long-term targets along its entire value chain. CEMEX’s alignment of its roadmap to SBTi’s Net-Zero Standard reflects its confidence that it is on the right path to net-zero and to co... |