Cement News tagged under: Cemex
Cemex UK's Barrington plant to be demolished04 May 2012, Published under Cement NewsCemex UK confirms that it will not be bringing its cement plant at Barrington, Cambridgeshire back into production, but is moving to a phased demolition of the facility. Originally mothballed in November 2008, Cemex UK has concluded there is no economic case to re-start production. Commenting on the decision, Jesus Gonzalez, president Cemex UK operations said: "Regrettably we have come to the irreversible decision that Barrington Cement plant will not be bought back into production. Thi... |
Cemex03 May 2012, Published under Cement NewsCemex' first quarter turnover increased by 3.5% to US$3,502.6m and the EBITDA improved by 6.5% to US$567.3m. The trading profit continued to recover strongly and rose by 33.9% to US$240.4m. The net interest charge rose by 6.9% to US$338.5m and other financial items produced a substantial positive swing leading to a US$63.4m a pre-tax profit, compared with a loss of US$103.0m a year earlier. The effective net debt was 2% lower at US$17,158m, helped by a 58.2% reduction in perpetual notes out... |
South & Central America drive Cemex higher27 April 2012, Published under Cement NewsCemex’ first quarter turnover was up by 3.5 per cent to US$3502.6m and the EBITDA improved by 6.5 per cent to US$567.3m. The trading profit continued to recover strongly and rose by 33.9 per cent to US$240.4m. Fernando A Gonzalez, Executive Vice President of Finance and Administration, said, "The favorable performance in most of our regions leads us to believe that we are in the initial stages of a turnaround. "This is the sixth consecutive quarter of top-line growth in o... |
Mexico's Cemex seen posting narrower quarterly loss25 April 2012, Published under Cement NewsCemex is expected to cut its first-quarter losses by more than half from a year ago, helped by higher sales and a strong share price gain during the period. A Reuters poll among seven analysts showed Cemex would likely post a net loss of US$112m in the January-to-March period, compared with a loss of US$276m in the 1Q11. Quarterly sales are expected to have grown 3.7% due to stronger demand from the United States, Cemex's top market outside Mexico, and higher prices in that market. Euro... |
UK: Cemex teams up with SITA to produce RDF23 April 2012, Published under Cement NewsCemex UK has joined forces with SITA UK to produce all the refuse-derived fuel (RDF) to fire its Rugby cement kiln. SITA UK will build two recycling plants that will produce Cemex’s Climafuel brand of RDF from local residual household and business waste. Under the terms of the deal, SITA UK will be responsible for building and operating the plants – one in Birmingham, and another on land adjacent to the Rugby cement plant. The processing will involve sorting and shredding of material. ... |
Cemex nearer to alternative fuel permit, USA09 April 2012, Published under Cement NewsCemex is a step closer to using alternative fuels at Kiln No 2 of its Brooksville South plant with the Florida Department of Environmental Protection (FDEP) reportedly poised to grant the company the necessary permit. Cemex has been testing some of the fuels in the kiln on a temporary permit since last year, said company spokeswoman Sara Engdahl. "Cemex is pleased with the FDEP's support of our successful alternative fuels program at Brooksville," Ms Engdahl said. "Our innovative alter... |
Readymix agrees to Cemex buy-out offer, Ireland09 April 2012, Published under Cement NewsShareholders of Irish cement maker Readymix have voted to sell the 38 per cent share of the company not owned by Cemex to the Mexican cement major. At a meeting to vote on the deal, some 97.56 per cent of shareholders agreed to the 25 cents per share offer which had been increased from 22 cents per share. Readymix will now apply to the High Court to confirm the date for the court hearing to sanction the scheme. It is expected that the court hearing will be held on May 8. Cemex made an ... |
Cemex US volumes boosted by mild weather30 March 2012, Published under Cement NewsCemex said it may have recorded strong growth in US cement volumes in the first two months of the year helped by good weather. "The first two months of the year have been great; demand nationwide has been up in excess of 20 per cent YoY," Maher Al-Haffar, vice president of corporate communications and investor relations, told Reuters in an interview. "A very important driver is the fact that we had fantastic weather in the first quarter and last year in the first quarter we had particu... |
Cemex exchange offer reduces debt27 March 2012, Published under Cement NewsCemex announced the results of its five separate exchange offers made on a private placement basis to exchange currently outstanding Euro-denominated 4.75% As a result of the Exchange Offers, Cemex’s overall indebtedness (including the Perpetual Debentures) will be reduced by approximately US$131m. Fernando Gonzalez, Cemex’s CFO, said: “These exchange offers allow Cemex to further reduce its refinancing risk and its overall indebtedness (including Perpetual Debentures), two important compo... |
Cemex Philippines signs deal for WHR plant21 March 2012, Published under Cement NewsCemex Philippines is to construct a waste heat recovery power plant at its Solid Cement plant in Antipolo City, Rizal Province. Cemex regional president for Asia, Joaquin Miguel Estrada, announced the plan following the signing of an agreement with Sinoma Energy Conservation of China who will build the waste heat-to-energy facility, a first for the Cemex group of cement plants worldwide. “Cemex is a company that wants to achieve a corporate objective of lower operational costs, and also pu... |