Cement News tagged under: Mexico
Cemex achieves investment-grade capital structure28 June 2021, Published under Cement NewsCemex has announced that it is executing its strategic objectives under its Operation Resilience programme faster than previously anticipated, as a result of decisive management decisions combined with solid market performance. The company is confident that it will achieve an investment-grade capital structure of 3x leverage by the end of this month. As a result, it has established a new leverage target within its Operation Resilience goals that consists of regaining an investment-grade cre... |
Cemex sets aggressive new 2030 carbon emission targets25 June 2021, Published under Cement NewsCemex has set a more aggressive carbon reduction target of below 475kg of CO 2 per tonne of clinker produced, approximately a 40 per cent reduction in CO 2 emissions by 2030. The new target is below the two degree global warming scenario of the Science Based Targets Initiative (SBTi). Cemex is also planning to set a new target of 520kg of CO 2 /t of clinker produced by 2025, equivalent of a 35 per cent emission reduction. The company is also reducing CO 2 emissions from its concrete bu... |
Holcim México inaugurates new Umán grinding unit24 June 2021, Published under Cement NewsLafargeHolcim subsidiary Holcim México saw the commissioning of its new 0.65Mta grinding plant in Umán, Yucatán. The Umán plant will be supplied with clinker from production facilities in Macuspana, Tabasco, and Orizaba, Veracruz. The plant represents an investment of more than US$40m and will be able to supply key infrastructure projects such as the Mayan Train and the Dos Bocas Refinery as well as supply cement in the construction of bridges, roads and housing. “It is one of the most m... |
Canacem pronounces 2020 the best year for Mexican cement in the last 5 years18 May 2021, Published under Cement NewsYanina Navarro, director of Mexico's Cement Association (CanaCem), has said that overall 2020 has been the best cement production year for the Mexican cement industry in the last five years. Navarro told bnAmericas that in January the industry reported a production volume of 4.2Mt, which is 533,000t and 669,000t more than the same month of 2020 and 2019, respectively, according to data from statistics institute Inegi. However, the total production volume and value for last year ... |
Cemex records 1Q21 net sales of US$3.4bn30 April 2021, Published under Cement NewsCemex has announced its 1Q21 results with EBITDA growing on a YoY basis in all regions. Consolidated net sales increased nine per cent to US$3.4bn. Operating EBITDA improved 28 per cent to US$684m, while the EBITDA margin increased to 20.1 per cent, 2.8 percentage points higher year over year. Net debt and leverage were reduced materially during the first quarter. Net debt plus perpetuals fell by US$547m, while leverage ratio was reduced to 3.61 times, almost half-a-turn reduction... |
GCC reports 9% increase in EBITDA28 April 2021, Published under Cement NewsMexico’s GCC has seen its consolidated net sales for the first quarter of 2021 decrease by 1.5 per cent to US$178.8m from US$181.4m in the 1Q20. This was primarily due to lower cement and concrete volumes in the US and the depreciation of the Mexican peso. However, this was partially offset by increased cement and concrete volumes in Mexico and a favourable price environment in both markets. The company’s EBITDA advanced 9.2 per cent YoY to US$49.5m from US$45.3m in the 1Q20, while the EBI... |
Holcim Mexico to launch eco-labels22 April 2021, Published under Cement NewsHolcim México has launched new eco-labels, EcoEtiquetas, to improve customer communication and make the environmental benefits of its products and construction solutions more transparent. The labels will be used for all products that meet sustainability criteria, including smaller CO2 footprints and the use of recycled materials. In Mexico this includes cements branded as Apasco, Maestro and Supra Cemento as well as Supra Mortero mortar. “This is one more step on our way to become a Net ... |
Cemex recognises Construrama Women30 March 2021, Published under Cement NewsCemex has recognised female leadership in Mujer Construrama (Construrama Women), an event organised by Cemex Mexico. Construrama is the largest retail building materials distribution network on Mexico with 2100 stores and these stores are 30 per cent lead by women. This year, 320 women who are part of the network participated virtually in conferences and workshops by several business experts, female business owners, company executives, among other speakers. Cemex is a signatory of t... |
Cemex releases its Integrated Report 202026 March 2021, Published under Cement NewsCemex, SAB de CV presented its Integrated Report 2020: 'Safe, Essential, Resilient' on 25 March, which includes a comprehensive analysis of Cemex’s strategic vision, operational performance, corporate governance, and value creation at a global level. Fernando A Gonzalez, CEO of Cemex said, "Sustainability remains to be one of our top priorities, and our Climate Action strategy makes us confident in our ability to achieve our targets and aspirations." Among the main accomplishmen... |
Grupo Cementos de Chihuahua becomes GCC25 March 2021, Published under Cement NewsMexico-based cement producer Grupo Cementos de Chihuahua has formally approved its name change to GCC at an Extraordinary General Meeting on 23 March 2021. Luis Carlos Arias, GCC’s CFO, said: “We changed the name to GCC to better reflect our 2025 vision: to be the best cement company in North America with the proper balance of people, profit and the planet. It unifies our brand in multiple countries, mirrors the stock ticker and reflects how the market best knows us.” Luis Carlos added, “I ... |