Cement News tagged under: Mexico
CEMEX secures CDP 'A' rating for environmental stewardship12 February 2024, Published under Cement NewsCEMEX has been recognised by CDP, a by the global non-profit environmental organisation, securing a place on its annual ‘A List’, for environmental leadership and transparency in climate action. Based on data reported through CDP’s 2023 Climate Change questionnaire, CEMEX is one of a small number of companies that achieved an ‘A’ out of over 21,000 companies scored. Since the launch of its Future in Action program in 2020, Cemex has reduced its CO2 emissions by 13 per cent, a reduction ... |
CEMEX reports 8% sales growth in 4Q2309 February 2024, Published under Cement NewsCEMEX has reported an eight per cent growth in sales in the 4Q23, plus a 20 per cent increase in EBITDA and a more than doubling of free cash flow (FCF) after maintenance capex to US$1.2bn. CEMEX reported an EBITDA margin of 19.2 per cent, an expansion of two percentage points, achieving its stated goal of recovering 2021 margin. Record EBITDA of approximately US$3.35bn and a turnaround in working capital investment significantly contributed to a six-year high in FCF after maintenance c... |
CEMEX UK tackles shipping emissions09 February 2024, Published under Cement NewsWork will begin in April this year on a new demonstrator of a smart shore power system at CEMEX ’s wharf in Shoreham, UK. Working in partnership with University of Warwick and advanced system integrator, iconsys, CEMEX is developing an intelligently-managed shore power system demonstrator, specifically tailored to understand fluctuations in electricity demand of self-discharging commercial vessels. The UK Department of Transport has awarded the project a grant of nearly GBP1.7m (US$2.15m... |
Enhancing productivity dominates construction start-ups, reports CEMEX26 January 2024, Published under Cement NewsCEMEX Ventures, the corporate venture capital and open innovation unit of CEMEX, has released its list of the most promising construction technology (Contech) start-ups of 2024. The list reveals the most disruptive start-ups that are redefining the construction industry according to the corporate venture capital’s four strategic focus areas: green construction (sustainability), enhanced productivity (efficiency), construction supply chain (agility), and future of construction (disruption).... |
CEMEX joins CCS+ Initiative19 January 2024, Published under Cement NewsCEMEX is the first company in the cement industry to join the CCS+ Initiative, a multi-stakeholder platform developing a comprehensive carbon accounting framework for certifying industrial carbon projects. This framework aims to encompass solutions for carbon capture, utilisation, storage, and removal, contributing to the decarbonisation of industrial value chains. The CCS+ Initiative aims to scale cutting-edge climate technologies by developing a robust carbon accounting infrastructure ... |
Key election year for leading cement nations12 January 2024, Published under Cement NewsThe year 2024 is going to be a significant election year for the world, with several of the largest cement consuming nations going to the polls. This week, we look over the key markets of Bangladesh, Indonesia, Pakistan, Russia, the United States and Mexico, and assess the geopolitical risk on cement demand in these nations. Bangladesh boom Last Sunday, Bangladesh's Prime Minister, Sheikh Hasina, won a fourth straight term, giving her another five years in power. While controversial, Ms... |
CEMEX supports zero emission hydrogen start-up21 December 2023, Published under Cement NewsCEMEX Ventures, CEMEX’s corporate venture capital and open innovation unit, has increased its stake in HiiROC, a UK-based start-up that produces cost-competitive and zero-emission hydrogen through its proprietary process of thermal plasma electrolysis. While hydrogen is becoming an increasingly promising alternative energy source and feedstock for a wide and diverse set of industrial processes, existing solutions are traditionally either high emission or high cost. Alternatively, HiiROC... |
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... |
CEMEX launches first fully electric, zero-emissions RMC truck06 December 2023, Published under Cement NewsCEMEX has unveiled the first fully electric, zero-emissions ready-mix truck in the Middle East. According to the company, the truck is fully operational and has the capacity to transport a full load of concrete. It is equipped with a state-of-the-art 350kWh battery which allows it to complete an average full workday with a single recharge. CEMEX is collaborating with partners and manufactures to discover, pilot, learn, and scale the long-term solutions needed for hybrid and zero-emiss... |
DG Khan Cement is exploring Mexico to export cement from Pakistan29 November 2023, Published under Cement NewsAccording to AKD Research, DG Khan Cement Co Ltd (DGKCC) held its corporate briefing on 24 November to apprise investors of its FY22-23 financial results and the company’s future outlook. DGKC recently exported two shipments to Mexico and four shipments to the USA. Management is actively focussing on exports to increase capacity utilisation. It expects higher clinker exports this year, but the impact would not be significant as clinker exports have minimal margins. However, margins on c... |