Cement News tagged under: Mexico
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... |
Cemex successfully converts kiln flue gases into nanomaterials26 April 2022, Published under Cement NewsCemex has announced that it has successfully tested a process that converts flue gases emitted by the cement kiln into carbon nanomaterials, thereby transforming ‘bad’ carbon into ‘good’ carbon. Due to their unique mechanical, thermal, electrical and chemical properties, carbon nanomaterials have several potential applications in a wide array of industries, from construction to biomedicine. This technology was born out of Smart Innovation, Cemex’s internal open innovation platform. Ceme... |
Cemex Ventures invests in Carbon Upcycling Technologies22 April 2022, Published under Cement NewsCemex Ventures ( Cemex Group ) is investing in Carbon Upcycling Technologies, a Canadian startup and global leader in developing carbon utilisation and grinding technologies for the cement industry. Carbon Upcycling's proprietary solution infuses carbon into a grinding process for industrial residues, such as slag and fly ashes, to produce a more reactive supplementary cementitious material. These materials can then be used to replace clinker in cement production. The blended cement an... |
Cemex releases its 2021 integrated annual report29 March 2022, Published under Cement NewsCemex has launched its 2021 Integrated Report: 'Building a Better Future,' which includes a comprehensive analysis of the company’s strategic vision, operational performance, corporate governance, and value creation. The report highlights the company’s essential value of its industrial activity, climate action strategy, commitment to innovation in the industry and unlocking new opportunities, as well as its focus on employee safety and wellbeing. "Despite another year full of unique c... |
Azul head office seized amid dispute15 March 2022, Published under Cement NewsThe Board of Directors of La Cruz Azul, headed by José Antonio Marín and Víctor Manuel Velázquez, took over the company’s offices in Colonia del Valle, Mexico City, on 11 March 2022. While the Marín and Velázquez group maintained that the action was carried out on the basis of a court ruling, the dissident cooperative members led by Federico Sarabia and Alberto López denounced that it was an illegal seizure of the facilities, carried out by a "shock group" that threatened the employees wit... |
Cemex to start up CPN Kiln No2 in 3Q2209 March 2022, Published under Cement NewsCemex has announced that following its successful restart of one kiln at its CPN cement plant located in northwest Mexico in 2021, it is now reactivating the second CPN kiln. This investment will leverage Cemex's unparalleled regional trading network to meet growing cement demand throughout the western USA. Once operational, the recommissioned kiln is expected to provide nearly an additional 800,000tpa of cement for customers across Arizona, California and Nevada. Cemex will invest U... |
Cemex Ventures invests in PartRunner04 March 2022, Published under Cement NewsCemex Ventures has announced its investment in PartRunner, an on-demand delivery platform for the construction and industrial sectors. This transaction is part of Cemex´s strategy to invest in innovative construction start-ups to drive the construction industry revolution. This investment addresses a critical industry pain point of a complicated supply chain, particularly for small and medium-sized projects. This investment aims to offer a last-mile, last-minute delivery solution to Ce... |