Cement News tagged under: Central America
Sancti Spíritus cement plant restarts02 January 2023, Published under Cement NewsAfter a seven-month hiatus, the Siguaney cement plant, in Sancti Spíritus, Cuba, has restarted production. The repair of its kiln with imported refractory bricks, has now been completed. The recommissioning of the kiln at Siguaney has enabled the production of clinker, key in supplying the local market with cement and opening up possibilities for supply across a wider area and eventually, cement exports. However, for now, there is a cement shortage despite growing emigration. In 2022 build... |
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... |
Cement and clinker imports into US increase 43% in September as market expands12 December 2022, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico increased by 5.7 per cent YoY to 10.3Mt in September 2022, according to the US Geological Survey (USGS). The top five cement-consuming states were Texas, California, Florida, Illinois and Ohio, which together accounted for 36.5 per cent of total cement consumption in the US in September. The leading Portland and blended cement-producing states in September were Texas, Missouri, California, Michiga... |
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... |
Cemex delivers 1Mm3 of Vertua concrete since 202025 November 2022, Published under Cement NewsCemex has delivered 1Mm 3 of Vertua ready-mixed concrete in Colombia since the product was launched in 2020, avoiding emissions of around 178,000t of CO 2 . According to Cemex, Vertua has become one of the most accepted lower carbon products in the industry and the company expects it to account for the majority of its cement and concrete sales by 2025. “In 2020, we launched Vertua concrete in the Colombian market with the expectation of having a positive response from the construction... |
CEMEX sets "most ambitious" decarbonisation goals in the industry17 November 2022, Published under Cement NewsCEMEX has a “promising medium term outlook”, according to Fernando A González, chief executive officer. Speaking at the company’s 2022 CEMEX Day on 16 November, Mr González said the markets in which the company operates are seeing strong demographics and urbanisation trends, along with “pressing needs for more resilient and sustainable infrastructure, buildings and homes”. With 10Mta of cement capacity additions in the pipeline, 4.4Mta of which is being rolled out in 2022-23 in Mexico, ... |
CEMEX validates its new 2030 decarbonisation goals11 November 2022, Published under Cement NewsCEMEX has validated its 2030 decarbonisation goals through the Science Based Targets initiative (SBTi) for alignment under their new 1.5ºC scenario, the most ambitious pathway defined for the industry. The company now has 2030 scope 1 goals of 47 per cent less of CO 2 per tonne of cementitious material than its 1990 baseline and 35 per cent less of carbon content in concrete. For scope 2 goals, by 2030 Cemex is targeting 65 per cent in clean electricity consumption . Th... |
Caribbean Cement Co reports 13% 3Q revenue increase02 November 2022, Published under Cement NewsJamaica-based Caribbean Cement Co Ltd has posted robust 3Q22 results with revenues for the quarter increasing by 12.7 per cent to JMD6.2bn (US$40.3m) from JMD5.5bn in the 3Q21. Operating earnings were up to JMD1.9bn due to the reduction in the cost of sales as a share of net sales to 56 per cent from 80 per cent in the same period last year. This reduction was the result of the company’s decision not to undertake its planned major maintenance in the 3Q22. Last year, the maintenance progr... |
CEMEX's net sales grow 13% in 3Q2231 October 2022, Published under Cement NewsCEMEX announced continued solid top line growth in the 3Q22. Net sales grew by 13 per cent to US$3,956m while net income of reached US$494m. Pricing was the main driver with cement, ready-mix and aggregates, increasing by double digits. “Our pricing achievements this year have allowed us to more than offset inflationary costs in dollar terms, but stubbornly high inflation and supply chain headwinds have delayed our ability to regain margins. We are fully committed to margin recovery an... |
US and Puerto Rico Portland and blended cement market expands 7% in August28 October 2022, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico saw a 7.3 per cent YoY advance to 10.9Mt in August 2022, according to the US Geological Survey (USGS). The country’s leading markets included Texas, California, Florida, Illinois and Ohio, where 36.6 per cent of sales were delivered. The leading producing states for Portland and blended cements were Texas, Missouri, California, Florida and Michigan, which accounted for 37.2 per cent of cement produc... |