Cement News tagged under: GCC
EPA recognises ENERGY STAR cement plants20 March 2024, Published under Cement NewsThe US Environmental Protection Agency (EPA) has recognised 103 manufacturing plants that earned the agency’s ENERGY STAR certification in 2023, an accolade reserved for manufacturing plants in the top 25 per cent in terms of energy efficiency in their sector. Of the 11 cement plants receiving this year's accolade, Ash Grove ’s Seattle plant was recognised for its efforts to save energy by increasing the amount of limestone in its Portland limestone cement. Meanwhile, GCC ’s Rapid Ci... |
Mexico’s green wave05 March 2024, Published under Cement NewsThe decarbonisation message has resonated in Mexico where the cement industry has grasped the opportunity to become a leader in sustainable cement production. Infrastructure is benefitting from low-carbon cement solutions while cement companies invest in making their operations more sustainable. By ICR Research, UK. Mexico’s cement industry is tapping into the decarbonisation drive of the global cement industry, looking to reduce its carbon footprint (Pictured: Cementos Moctezuma’s... |
thyssenkrupp to supply new line to GCC Odessa plant07 December 2023, Published under Cement NewsGCC America has commissioned thyssenkrupp Polysius North America to build a 3000tpd clinker production line, which can be expanded to 3500tpd, at its Odessa plant in Texas. The GCC Odessa plant currently supplements its market demand by importing cement from their other plants. With the significant expansion of production capacity in Odessa, coupled with the recent Polysius award increasing production in GCC’s Samalayuca plant, GCC will be well situated to participate in the upcomi... |
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-... |
H&M Construction Co to build GCC K3 Odessa expansion project29 August 2023, Published under Cement NewsH&M Construction Co, Inc has been selected by GCC to be the design-builder of its new K3 pyroprocessing expansion at the Odessa , Texas, USA facility. GCC, a leading producer of cement and concrete in the US and Mexico, recently announced that it will execute a capacity expansion at the Odessa plant, increasing its cement production capacity by over 1Mta and lowering the plant’s greenhouse gas intensity by 13 per cent. As part of the design-build scope, H&M will work closely with GC... |
GCC sees net income increase 53% YoY in 2Q2328 July 2023, Published under Cement NewsGCC SAB de CV reported a 13.7 per cent increase in consolidated net sales to US$364.1m in the first quarter of 2023. In Mexico sales advanced 34.4 per cent as a result of a 3.2 and 8.8 per cent increase in cement and concrete volumes, respectively. Cement and concrete prices rose by 11.5 and 14 per cent, respectively. Excluding the appreciation of the local currency, sales were up by 20.2 per cent. In the USA, sales were up 6.6 per cent, partly due to a 3.6 per cent pick-up in concrete... |
GCC reports 146% surge in 1Q net income26 April 2023, Published under Cement NewsGCC SAB de CV posted its first-quarter 2023 consolidated sales, which saw a 17.9 per cent YoY increase to US$243.9m. EBITDA in the 1Q23 advanced 15.5 per cent YoY to US$63m. The EBITDA margin of 25.8 per cent, slightly lower than the 26.4 per cent posted in the 1Q22. Net income saw a 146.4 per cent improvement YoY to US$32.4m in the 1Q23, up from US$13.1m in the 1Q22. Enrique Escalante, GCC's CEO, said: "GCC delivered solid results for the first quarter despite significant weather disrup... |
GCC cement: set for a revival?13 February 2023, Published under Cement NewsWith oil prices expected to remain elevated, GCC governments are easing their budgets and restarting construction projects. For cement producers this is good news and the sector prepares for its revival as demand for its products is forecast to show significant growth in the short- to medium term. By U Capital Research, Oman. After challenging times due to economic restrictions, caused by the COVID-19 pandemic and low oil prices, the GCC cement sector can now look forward to better... |
GCC reports 7% EBITDA increase in 202201 February 2023, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) reported net sales of US$289.7m in the October-December 2022 period, representing an increase of 12.3 per cent when compared with the 4Q21, according to the company’s filing to the Mexican stock exchange, BMV. It also posted EBITDA of US$91.3m in 4Q22, up 12.7 per cent YoY. Net profit increased by 70.4 per cent to US$51.3m in the 4Q22 when compared with the 4Q21. The cement producer attributed the increase to a rise in cement and concrete prices of 16.2... |
Nearshoring is leading to Mexican demand growth05 January 2023, Published under Cement NewsThe growing development of industrial properties due to nearshoring is leading to a rise in Mexico’s cement demand of approximately 10 per cent, particularly in the north of the country. The focus of demand is reported to centre on the Ciudad Juárez, Chihuahua. "In segments such as the construction of warehouses, industrial and commercial parks, in Mexico due to all the nearshoring activity we are seeing an increase in this segment of around 10 per cent this year," according to GCC’s gene... |