Cement News tagged under: Mexico
GCC net income up 51% in 1Q2424 April 2024, Published under Cement NewsGCC SAB de CV reported a 11.9 per cent YoY increase in consolidated net sales to US$272.8m in the 1Q24 from US$243.9m in the 1Q23, mainly on the back of higher sales volumes in the US and favourable pricing in both markets. However, operating expenses were up by 45.5 per cent YoY to US$58.5m in the 1Q24 from US$40.2m in the year-ago period. The company posted a 31.6 per cent advance in EBITDA to US$82.9m in the first three months of 2024 when compared with US$60m in the equivalent period... |
Emissions and impacts of waste at disposal sites23 April 2024, Published under Cement NewsWith population increase comes greater waste generation. This results in a series of environmental, climate and health impacts at disposal sites, such as leachate and gas emissions. The study presented below describes the main harmful compounds generated from buried waste as well as the sustainable actions to eliminate the sources of these emissions, including waste co-processing in cement kilns. By Enrique De Hoyos, CEMEX, Mexico, Gabriela Ortiz, Debanhy Olvera, Diana Ángeles, Rodolfo de l... |
Mexico's demand expected to cool down22 April 2024, Published under Cement NewsCement demand in Mexico is forecast to cool down with the country's major cement producing expecting modest growth in 2024 following the completion of some of the government's key infrastructure projects and a reduction in the infrastructure budget. As a result, domestic cement producers are looking to Europe for alternative sales or prepare for expansion projects in Mexico. In 2023 construction activity in Mexico advanced by 15.6 per cent, largely driven by 78 per cent growth in civil wor... |
CEMEX refinances credit agreement12 April 2024, Published under Cement NewsCEMEX has successfully refinanced its euro-denominated sustainability-linked syndicated credit agreement, extending the final maturity to 2029. The refinanced credit agreement consists of a EUR450m five-year amortising term loan, and a new EUR300m four-year committed revolving credit facility. This represents a reduction of EUR50m in the term loan and an additional source of liquidity in the form of a revolver. According to the company, the signing of this agreement is an integral par... |
Mexico implements new 25kg bag05 April 2024, Published under Cement NewsMexico's National Cement Chamber (Canacem) announced the implementation of 25kg bags of cement in accordance with NOM-036-1-STPS-2018, Ergonomic risk factors at work - Identification, analysis and control (Part 1). Maribel Leyte Jiménez, Canacem's director of sustainability and environment, explained that the implementation would result in lower lumbar and spinal damage rates in the construction workers handling cement bags. The application of NOM 036, which came into force on 31 March 202... |
CEMEX sets the pace in 202325 March 2024, Published under Cement NewsCEMEX has released its Integrated Report, entitled 'Setting the Pace', which outlines the company’s strategic vision, operational performance, and value creation in 2023. Last year saw CEMEX achieve record growth in EBITDA and make significant progress in its decarbonisation efforts, reducing Scope 1 and 2 CO 2 emissions by 13 and 12 per cent, respectively, since 2020. This comes as the company launches its ‘Regenera’ waste management business globally, as part of its Urbanisation Solutio... |
CEMEX reveals strategy for EBITDA growth22 March 2024, Published under Cement NewsCEMEX has outlined its strategy to achieve high single-digit EBITDA growth in the medium term. According to the company, since 2020 it has focussed on rebalancing its portfolio towards the US, increasing its percentage of EBITDA contribution from 24 to 29 per cent. CEMEX now intends to increase this to 40 per cent by expanding its growth capex and investing divestment proceeds to the region. Speaking at an investor day in New York, Fernando A González, CEO at CEMEX, said that the focus... |
Holcim acquires two COMOSA ready-mix plants21 March 2024, Published under Cement NewsHolcim has acquired two ready-mix concrete plants of COMOSA in Querétaro, central Mexico. The acquisition is expected to strengthen Holcim’s presence in the local market, which has 70 ready-mix plants. With a total capacity of 120m 3 /h, Holcim will double its current capacity to 36,000m 3 of concrete per month. "This expansion not only strengthens our production network, but also underscores our continued commitment to sustainable construction and innovation," said Manuel Sirtori, di... |
CEMEX signs decarbonisation collaboration with White Summit Capital20 March 2024, Published under Cement NewsCEMEX has entered into a collaboration with specialised energy transition infrastructure investor and manager White Summit Capital to develop projects across its European operations that will contribute to CEMEX’s 2050 net-zero objectives. The envisaged partnership will focus on two key pillars of CEMEX’s Future in Action strategy: Decarbonising our Operations (for instance by reducing clinker factor, optimising fuel mix, increasing clean electricity, reducing transport emissions), and ... |
S&P upgrades CEMEX's credit rating15 March 2024, Published under Cement NewsRating agency Standard & Poor’s (S&P) has upgraded CEMEX ’s long-term global scale issuer credit rating to Investment Grade (BBB-) due to its strong financial and operating performance, deleveraging strategy, and flexible capital allocation. “Achieving an investment-grade credit rating from S&P is a very important milestone for CEMEX,” said Fernando A González, CEO of CEMEX. “While we had record results last year, this rating is recognition of successful execution against our medium-te... |