Cement News tagged under: Central America
RHI Magnesita opens new office in Mexico22 November 2023, Published under Cement NewsRHI Magnesita has opened a new customer service hub in Monterrey, Mexico. The new offices are located in San Pedro Garza Garcia, Nuevo León. “We are proud to be expanding into Monterrey and showcasing our brand in this new area. We’re confident that the addition of the team in this office will support our focus on providing our customers with the best experience,” said Craig Powell, North America regional president, RHI Magnesita. The company serves customers around the world fro... |
CEMEX and FREE to develop new solar power project17 November 2023, Published under Cement NewsCEMEX Philippines has signed an agreement with Filinvest-ENGIE Renewable Energy Enterprise, Inc (FREE) for a 10.08MW solar project at CEMEX’s cement plant in Naga City , Cebu. The project, which will be a ground-mounted solar system, is expected to avoid 10,000Mt of CO 2 each year, reports BusinessWorld. “This solar energy partnership is another milestone under CEMEXs Future in Action program, as we progress closer to our goal of reducing Scope 2 emissions, coming from electricity so... |
Argos records EBITDA of COP742bn in the 3Q2310 November 2023, Published under Cement NewsArgos reported that for the 3Q23 adjusted EBITDA stood at COP742bn (US$180.35m), increasing 25.4 per cent on a comparable basis versus 3Q22. The company's revenue in the 3Q23 slipped one per cent YoY to COP3087bn from COP3118bn in the year-ago period. The results were driven by strong pricing dynamics across all regions, combined with cost efficiencies. The adjusted EBITDA margin stood at 24 per cent for the quarter up from 19 per cent YoY. Cement dispatches reached 3.98Mt, with a contrac... |
US Portland and blended cement shipments slip in August09 November 2023, Published under Cement NewsTotal shipments of Portland and blended cement shipments (including imports) in the USA and Puerto Rico slipped slightly to 10.6Mt in August 2023 when compared with August 2022, according to the US Geological Survey (USGS). Of the total blended cement volume, 5.7Mt or 98 per cent, was Portland limestone cement (Type IL). The main markets for Portland and blended cement in August 2023 were Texas, California, Florida, Ohio and Georgia, which accounted for a total 37.5 per cent of the month’s ... |
CEMEX supplies Vertua to Dubai tower09 November 2023, Published under Cement NewsCEMEX is supplying its Vertua lower-carbon concrete for the Cavalli Tower, a 70-storey luxury residential building set to become a landmark in Dubai Marina. The tower will feature interior design by the Italian fashion designer Roberto Cavalli and architectural design by the award-winning architect Shaun Khila. CEMEX provided Vertua lower-carbon concrete with a carbon footprint approximately 35 per cent lower than traditional concretes for this building. “Thanks to our experience in p... |
CEMEX refinances US$3bn syndicated credit agreement01 November 2023, Published under Cement NewsCEMEX has successfully refinanced its US$3bn syndicated credit agreement, extending the maturity to 2028. The refinanced credit agreement consists of a US$1bn five-year amortising term loan, and a US$2bn five-year committed revolving credit gacility. This represents a reduction of US$500m in the term loan and an increase of US$250m in the revolver from the prior facility. The signing of the credit agreement is an integral part of a comprehensive financing plan designed to increase liquidit... |
Caribbean Cement sees 58% rise in 3Q net income01 November 2023, Published under Cement NewsJamaica’s Caribbean Cement Co , part of the TCL Group , reported revenues of JMD7bn (US$45.4m) in the third quarter of 2023, up 13.4 per cent YoY from JMD6.2bn. Operating earnings rose by 36.8 per cent to JMD2.6bn in the 3Q23 from JMD1.9bn as revenue increased and costs were contained due to a drive in operational efficiency. The company’s consolidated net income increased by 58.3 per cent from JMD1.2bn in the 3Q22 to JMD1.9bn in the 3Q23. |
CEMEX reports 32% jump in EBITDA in 3Q2327 October 2023, Published under Cement NewsCEMEX has reported nine per cent YoY growth in sales for the third quarter of 2023. EBITDA over the same period advanced by 32 per cent, while the EBITDA margin expanded by 3.5 percentage points to 19.9 per cent. For the first time since the launch of CEMEX’s pricing strategy in 2021, designed to regain profitability after a surge in input cost inflation, quarterly EBITDA margin exceeded its goal of recovering 2021 margins, according to the company. Free cash flow after maintenance cap... |
GCC reports 18% rise in sales in 3Q2326 October 2023, Published under Cement NewsMexico-based cement producer GCC has reported consolidated net sales of US$416.1m in the 3Q23, up 17.9 per cent YoY. This was primarily due to increased cement and concrete volumes in Mexico, increased concrete volumes in the US and a favourable price environment in both markets. However, these were partially offset by decreased cement volumes in the US. EBITDA in the 3Q23 improved by 35 per cent YoY to US$158.5m with an EBITDA margin of 38.1 per cent. Earnings per share over the three-... |
CEMEX supplies Vertua to world's 10th-largest football stadium23 October 2023, Published under Cement NewsCEMEX has supplied its Vertua water-permeable concrete for the renovation of the University of Alabama’s Bryant-Denny Football Stadium, the 10th-largest stadium in the world and home to the 18-times national champion Crimson Tide football team. The use of permeable concrete benefits the stadium’s natural grass field in two key ways: it keeps the playing field from flooding, and it allows for rainwater to be collected and used for its irrigation system, making its maintenance more sust... |