Cement News tagged under: Mexico
CEMEX launches green financing framework28 June 2022, Published under Cement NewsCEMEX has launched its Green Financing Framework (GFF), the first in its sector, further expanding the company’s commitment to sustainable finance and building a more sustainable world, the company announced in a press statement. The GFF enables CEMEX to issue green financing instruments aligned with the International Capital Market Association (“ICMA”) Green Bond Principles and the Loan Market Association Green Loan Principles. Under the GFF, CEMEX intends to allocate the net proceeds f... |
Cemex and Coolbrook to work on electric cement kiln18 May 2022, Published under Cement NewsCemex announced that it expects to work with Coolbrook to test their patented technology that uses electricity in place of fossil fuels in the heating process of cement production. The companies have reached a memorandum of understanding (MoU) to combine their expertise to develop optimal electric process heating solutions that can be applied in the cement manufacturing process. Coolbrook's Roto Dynamic Heater (“RDH”) technology aims to revolutionise cement production by replacing foss... |
Cemex Ventures increases its investment in Carbon Clean13 May 2022, Published under Cement NewsCemex has announced that Cemex Ventures, its corporate venture capital and open innovation unit, is increasing its investment in Carbon Clean. Cemex Ventures has been an early-stage investor in Carbon Clean and used the opportunity of the latest Series C funding round to increase its investment further. "We are happy to increase our investment in Carbon Clean, recognising its significant contribution to scaling carbon capture technology and the decarbonisation of our industry. Its re... |
Cemex extends Executive Variable Compensation programme11 May 2022, Published under Cement NewsCemex has announced that it is expanding its Executive Variable Compensation programme, further reinforcing its commitment to carbon neutrality. The Executive Variable Compensation programme, which includes progress on carbon reduction goals as a variable, will now cover more than 4500 executives in key positions around the world. Starting in 2022, the CO 2 emissions component will have an impact that will range from -10 per cent to +10 per cent in the total cash payout of the Annual Exec... |
Vertua to account for majority of sales by 2025, says Cemex06 May 2022, Published under Cement NewsCemex has announced the ambitious goal of its Vertua range of low-carbon cement and concrete products accounting for more than half of all cement and concrete sales by 2025. Following their global launch in 2020, Vertua products have been widely accepted by customers worldwide, according to Cemex, with Vertua cement and concrete accounting for 34 and 31 per cent of total sales, respectively, in the 1Q22, almost double the prior year. Vertua’s cement products offer a CO 2 reduction of at... |
Hearing postponed for those arrested in Cruz Azul confrontation04 May 2022, Published under Cement NewsThe 10 people arrested for the confrontation at the Cruz Azul cement plant in Hidalgo, Mexico, on 27 April remain in custody after the lawyers of the accused obtained a postponement following two hearings to hear the case file. According to sources from the Hidalgo Attorney General's Office, one week after the events in which eight people were killed, the operation to search for more suspects in the attack on the cement plant continues, CE Noticias Financieras reported. The Hidalgo pro... |
The Cemex way to the future03 May 2022, Published under Cement NewsCemex is one of the biggest cement producers worldwide, with leading positions in cement, aggregates and ready-mix. ICR caught up with CEO Fernando A González for a wide-ranging discussion covering everything from the impact of the pandemic, Cemex’s strategic priorities and targets, decarbonisation and the future of the cement industry. “With current, available and proven technologies, processes and materials, we can continue reducing CO2 in our operations by up to 40 per cent b... |
Authorities investigate aggression at Cruz Azul plant02 May 2022, Published under Cement NewsAuthorities in the State of Hidalgo and the Cruz Azul Cooperative are investigating an incident at the Cruz Azul cement plant in Mexico on April 27, 2022, which left eight people dead. The Hidalgo prosecutor, Alejandro Habib, said that of the 10 people arrested for the confrontation at the plant, most came from municipalities of the State of Mexico, reportedly sent to take control of the plant by force. Those arrested following the confrontation are from Tlapacoya, Nezahualcóotl, Tecáac, ... |
Cemex reports 1Q22 net sales increase of 13%29 April 2022, Published under Cement NewsCemex announced its first quarter of 2022 results, with consolidated net sales and EBITDA growing YoY by 13 and three per cent, respectively, despite a challenging cost environment. The growth was led by a 12 per cent increase in cement prices in LfL terms, eight per cent in ready-mix, and seven per cent in aggregates, with all regions contributing to pricing gains. Cemex continued to enjoy strong demand dynamics, with cement and ready-mix volumes growing high single to double-digits... |
GCC sees 16% rise in 1Q net sales27 April 2022, Published under Cement NewsGCC reported an 15.7 per cent advance in consolidated net sales to US$206.9m in the first quarter of 2022 when compared with the equivalent period of 2021. Operating income in the 1Q22 was 23.1 per cent higher at US$31.4m when compared with the 1Q21. In the 1Q22 EBITDA increased 10.2 per cent YoY to US$54.5m (1Q21: US$49.5m) with a margin of 26.4 per cent, down from 27.7 per cent in the 1Q21. However, net income dropped 14.3 per cent YoY to US$13.1m from US$15.3m in the 1Q21. As of 31... |