Cement News tagged under: Cemex
Cemex launches Latam IPO, Colombia30 October 2012, Published under Cement NewsCemex officially launched on Monday the Colombian initial public offering of its Latin American unit, with books open from 29 October to 6 November, the company said. Cemex has set a range of between COP11,000 and 13,500 (US$6.03-7.40) per share for the offering of about 24 per cent of its Cemex Latam Holdings unit. The minimum amount of shares it will offer will be 50 million, it said in a notice printed in Colombian media. The IPO could raise nearly US$1bn dollars. Cemex Latam Holdings,... |
Cemex Spain lay off 370 workers as cement consumption plummets29 October 2012, Published under Cement NewsCemex Spain has lodged an employment regulation (ERE) for 370 workers, 21.2% of the 1740 employees that the Mexican multinational has in the country. The company justifies this measure of 'Horizon Plan' by the collapse in demand for cement in Spain, which "is putting at serious risk the future of this industry." Other measures include reducing eight factories to three to produce cement. So, it keeps its integrated production at the plants of Morata de Jalon (Zaragoza), Lloseta (Baleare... |
Cemex Spain mulling job cuts24 October 2012, Published under Cement NewsCemex’s Spanish subsidiary is considering cutting 350 and 400 jobs, a trade union official told Reuters on Tuesday. The official, who had informal talks with Cemex on the issue, said around one-fifth of the jobs could be cut out of a total of 1740 in the country. "We can anticipate that the steps will be pretty strong. There will be contracts being ended and about one-third of cement workers will be laid off," said José Luis López from the Comisiones Obreras (CCOO) trade union. |
Cemex announces Latam share offering, Colombia22 October 2012, Published under Cement NewsCemex said on Friday it plans to offer some 126.6 million common shares of its Cemex Latam Holdings unit to be listed in the Colombian stock market. Cemex Latam Holdings includes Cemex's cement and ready-mix assets in Colombia, Panama, Costa Rica, Brazil, Guatemala, Nicaragua and El Salvador. About 110.1 million shares will be put up for grabs in a public offering to investors in Colombia and in a concurrent private placement to eligible investors outside Colombia, Cemex said in a relea... |
Cemex's nine-month EBITDA rises 9%16 October 2012, Published under Cement NewsIn the first nine months of the year, Cemex’ turnover decreased 2.1 per cent to US$11,273.8m but the EBITDA did improve nine per cent to US$2003.2m. The company's gearing is coming down but is still at very high levels. For the nine months to September 2012, the trading profit rose by 37.8 per cent to US$1921.8m and the net interest charge increased by 3.7 per cent to US$1044.8m. After taking losses on financial instruments and other non-trading items into account, the pre-tax loss, whic... |
Cemex interested in investing in INC15 October 2012, Published under Cement NewsIndustria Nacional de Cemento, has reported that Mexican cement giant Cemex has expressed an interest in investing in the Paraguayan state-owned producer. According to INC’s head, Carlos Krüssel, Cemex would transfer its technology to and possibly invest in INC. Mr Krüssel just completed a visit to a Cemex plant in Mexico to learn about Cemex’s plants and their experience in the provision of services and other products such as precast concrete. INC plans to expand its range of services a... |
Cemex signs agreement for Dominican Republic home construction09 October 2012, Published under Cement NewsCemex in the Dominican Republic and the Venezuelan business group BAK have signed an agreement to build a 760-home residential project which will integrate residential, commercial, social, recreational, and educational uses. The homes will be priced as low as US$48,000. The Colinas del Viento housing project will be located in northern Santo Domingo and comprise 760 units, 124 of which will be ready by next year. This innovative urbanization project has “Welcome Home” as its slogan, and i... |
Cemex sees 9% increase in 3Q12 operating EBITDA05 October 2012, Published under Cement NewsCemex said on Thursday it expects to report a nine per cent rise in operating cash flow in the third quarter of 2012, compared with the year-earlier period, although sales in dollar terms are expected to be down about two per cent. This is Cemex’s first results guidance in more than three years. The Mexican cement major said that adjusted for currency swings, sales in the third quarter were probably up three per cent from a year earlier, and EBITDA was likely 13 per cent higher. The res... |
SITA UK to supply solid recovered fuel (SRF) to Cemex in Latvia01 October 2012, Published under Cement NewsRecycling and resource management company, SITA UK, has signed a three-year contract to supply 180,000t of solid recovered fuel to Cemex in Latvia. The fuel will be produced by processing residual commercial waste in a new, purpose-built facility at Ridham Docks in Kent. Once processed, the solid recovered fuel material will be used as a fossil-fuel replacement at Cemex’s cement production facility in Broceni, southern Latvia. Speaking about the contract, Andy Hill, Organics and Altern... |
Cemex launches Fortium ICF26 September 2012, Published under Cement NewsCemex announced the US launch Fortium ICF, a new construction material specifically engineered to reduce the time and material needed to build vertical concrete wall systems, such as Insulated Concrete Form (ICF) building envelopes, while providing substantial savings in long term maintenance and energy costs. Fortium ICF employs cutting-edge advancements in mineralogy and nanotechnology to improve the performance of concrete at a microscopic level, and eliminates fully up to 75 per cent ... |