Cement News tagged under: Cemex
CEMEX returns to Mexican debt capital markets05 October 2023, Published under Cement NewsCEMEX has announced the successful pricing on 3 October 2023 of its sustainability-linked long-term notes for an aggregate principal amount of MXN6bn (US$332.6m), a transaction that represents its return to the Mexican debt market after a 15-year absence. The closing of the offering is expected to take place today, 5 October 2023, subject to satisfaction of customary closing conditions. The notes consist of two tranches: the first, for an amount of MXN1bn with a three-year tenor at a ... |
CEMEX and Star Cement collaborate to recycle concrete waste03 October 2023, Published under Cement NewsCEMEX UAE , has signed a cooperation agreement with Star Cement Co LLC, a wholly-owned subsidiary of UltraTech Cement Ltd , India which aims to recycle concrete waste in the construction industry. Through the partnership, the companies will deploy new solutions to manage and reuse concrete waste by using advanced and environmentally-safe practices. Furthermore, CEMEX will provide low-carbon by-products to Star Cement , helping it to reduce the carbon footprint of the built environment.... |
CEMEX acquires Kiesel29 September 2023, Published under Cement NewsCEMEX has agreed to acquire Kiesel, a mortars and adhesives technological leader in the construction industry based in Germany, as part of its ongoing strategy to strengthen CEMEX’s Urbanization Solution business through bolt-on acquisitions. “We remain committed to increasing our capacity to serve growing urban markets with more sustainable and innovative solutions,” said Sergio Menéndez, president of CEMEX Europe, Middle East, Africa and Asia. “This acquisition will enhance our Urban... |
CEMEX in refinancing talks with banks22 September 2023, Published under Cement NewsCEMEX is in talks with its banks over the refinancing of a US$3bn credit facility, according to Reuters. Fernando Gonzalez, the company’s CEO, hinted that refinancing might be an option back in July this year following CEMEX’s upgraded outlook to 'positive' by ratings agency Fitch. “We're in current discussions with our banks, because the biggest amount of debt that is maturing is bank debt,” explained CEMEX's Chief Financial Officer, Maher Al-Haffar. He is reported as saying that a 10... |
CEMEX leads the way in environmental impact information21 September 2023, Published under Cement NewsCEMEX is the first company in its industry to provide environmental impact information, including CO 2 emissions, for its core products in all of the main markets in which it participates around the world. This disclosure is customised by location and is critical for architects, engineers, contractors, and customers looking to develop more sustainable construction. Depending on the market’s customary practices, this is addressed either through Environmental Product Declarations (EPDs... |
CEMEX joins UN Forward Faster initiative19 September 2023, Published under Cement NewsCEMEX has reaffirmed its commitment to the UN’s Sustainable Development Goals (SDGs) through a series of collaborative efforts that seek to accelerate progress and inspire others in the private sector. Among these efforts are CEMEX’s participation in the UN’s Forward Faster initiative. Launched in September 2023 during the UN General Assembly week, the Forward Faster initiative aims to bring businesses together to accelerate their contribution to society in five action areas —gender equ... |
Carbon Upcycling secures US$26m funding to assist scaling up15 September 2023, Published under Cement NewsCarbon Upcycling, a leader in circular decarbonisation solutions for hard-to-abate sectors, has just closed a US$26m Series A round, co-led by BDC Capital’s Climate Tech Fund and Climate Investment. The Calgary-based decarbonisation company is part of a growing Canadian cohort of innovators bringing technology to scale to reduce the high greenhouse gas (GHG) footprint of cement and concrete. Carbon Upcycling is a carbontech company. It has developed and patented a novel technology to h... |
CEMEX receives first Putzmeister iONTRON ready-mix trucks13 September 2023, Published under Cement NewsCEMEX will start delivering ready-mixed concrete to German construction sites with zero exhaust emissions during the start of September 2023. CEMEX has received two all-electric iONTRON mixer trucks at the site of construction equipment manufacturer Putzmeister in Wandlitz, Brandenburg, in Germany. The two vehicles are the first from the manufacturer Putzmeister to be delivered to CEMEXglobally. They will be used in the ready-mix concrete plants in Spandau and Hohenschönhausen. "We a... |
CEMEX supplies Vertua to Khalifa Port expansion07 September 2023, Published under Cement NewsCEMEX will provide over 200,000m 3 of Vertua lower-carbon concrete for the development of the topside infrastructure for the expansion of the Khalifa Port in the UAE, one of the largest port infrastructure projects in the world. Strategically situated midway between Abu Dhabi and Dubai and serving 25 major shipping lines with direct links to over 70 international destinations, Khalifa Port is an 18.5m deep-water multipurpose port with a total of 10.6km of quay wall that include two con... |
CEMEX in talks to sell Dominican Republic business06 September 2023, Published under Cement NewsCEMEX is reportedly considering selling its assets in the Dominican Republic. According to Bloomberg, the cement producer is working with J P Morgan Chase & Co on the potential divestment of its business in the Dominican Republic as it decides to shift its focus onto bigger markets. CEMEX, which has had a presence in the country since 1995, currently runs a 2.4Mta cement plant at San Pedro de Macorís , and also has 10 concrete plants, two aggregate quarries, a gypsum mine and three mar... |