Cement News tagged under: Mexico
GCC posts 18% hike in 3Q net profit26 October 2022, Published under Cement NewsGCC reported an 11.8 per cent YoY increase in sales to US$352.8m in the July-September 2022 period from US$315.4m in the year-ago period. EBITDA in the 3Q22 advanced by 6.6 per cent YoY to US$117.4m. Meanwhile, the consolidated net profit of GCC increased by 18.4 per cent YoY to US$69.5m in the 3Q22 when compared with US$58.7m in the 3Q21. “Once again we achieved an extraordinary performance. The results of the third quarter reflect that GCC continues to successfully mitigate the impacts o... |
CEMEX affiliate signs Mexican recycling agreement06 October 2022, Published under Cement NewsThrough its affiliate Pro Ambiente, CEMEX will work with Tetra Pak and the government of the Mexican city of Querétaro to recycle over 1.5m beverage cartons per month. Pro Ambiente, through its Broquers Ambiental facility, processes nearly all the municipal waste generated in Querétaro, recycling approximately 4500tpm of solid residue. The waste is used as a climate-friendly fuel to power CEMEX's operations in Mexico. Thanks to this process, CO 2 emissions into the atmosphere are reduc... |
Cemex to develop lightweight concrete for windfarm platforms30 September 2022, Published under Cement NewsCEMEX has announced that it is part of a consortium that has received a grant from the European Commission to build a full-scale prototype of a floating offshore windmill with a concrete foundation. The company will design and produce a high-performance and lightweight concrete for an optimised low-carbon foundation structure for offshore windfarms. CEMEX has agreed to provide its expertise in concrete technology, chemical admixtures and special aggregates to design a specialty mix that... |
CEMEX reaffirms commitment to UN SDGs21 September 2022, Published under Cement NewsCEMEX has announced that it is reaffirming its commitment to the United Nation’s Sustainable Development Goals (SDGs), particularly those focused on climate action; sustainable cities and communities; responsible consumption and production; and industry, innovation and infrastructure. CEMEX CEO, Fernando A González, participated in a CEO roundtable hosted by UN Secretary-General António Guterres at the UN’s New York City headquarters on 19 September 2022. The roundtable included 11 CEOs... |
Cruz Azul will see power supply restored05 September 2022, Published under Cement NewsCruz Azul and Mexico’s Federal Electricity Commission have reached an agreement and the state power supplier must reconnect power to the cement plant in Tula, Hidalgo state, by 12.45h on Wednesday, 7 September, according to Federco Sarabia Pozo, president of Cruz Azul. The plant’s power supply was suspended 20 days ago as the cement companies had more than MXN300m in economic losses. Before the interruption to its power supply the plant worked at a 30 per cent capacity utilisation rate, re... |
Latin America places decarbonisation centre stage09 August 2022, Published under Cement NewsFICEM Congress, “Green Cement & Concrete 2050”, took place in Mexico City on 23-26 May 2022, and brought together 200 industry and government representatives from Latin America and the Caribbean to discuss the technical, regulatory and financial aspects of decarbonising the regional cement sector. Maria José García, executive director of FICEM and Jaime Hill, president of Mexican cement association CANACEM, open the exhibition at the Green Cement & Concrete 2050 event in Mexico Ci... |
Zacua Ventures to receive CEMEX and CEMEX Ventures' investment05 August 2022, Published under Cement NewsCEMEX and CEMEX Ventures are investing in a global early-stage venture fund, Zacua Ventures, which aims to tackle the construction industry’s biggest challenges in sustainability, productivity and urbanisation. "As pioneers in the construction industry's transformation, we are happy to be part of this investment vehicle to seek innovative solutions that help boost productivity, sustainability, and urbanisation,” said Gonzalo Galindo, head of CEMEX Ventures. “The collaboration and syn... |
Buzzi Unicem regional performances in 1H2205 August 2022, Published under Cement NewsBuzzi Unicem reported positive development of deliveries in the United States, central Europe, Poland and the Czech Republic in the 1H22, as well as a continued slowdown in Italy and Ukraine. In Ukraine, at the end of February 2022, Buzzi Unicem was obliged to suspend production and commercial activities in both of our factories. At the end of March, with the repositioning of the conflict in the east and south-east of the country, the activity resumed at the Volyn plant, in the northwes... |
CEMEX orders 200 low-carbon trucks04 August 2022, Published under Cement NewsCEMEX has added nearly 200 lower-carbon natural gas-powered trucks as part of a comprehensive strategy seeking to decarbonise its global fleet. This initiative is part of the company’s flagship Future in Action programme to become a net-zero CO 2 company by 2050. The investment in these 200 new vehicles consist mostly of concrete mixer trucks powered by low emission compressed natural gas (CNG) or renewable natural gas (RNG). These trucks will have a carbon footprint that is approximatel... |
CEMEX reports 2Q22 net sales growth of 11%29 July 2022, Published under Cement NewsCEMEX has announced continued solid top line growth, with second quarter net sales growing 11 per cent to US$4080m in the 2Q20. Pricing was the main driver with prices of cement, ready-mix and aggregates increasing 16,12, and 14 per cent, respectively. With a difficult second quarter 2021 comparison base, EBITDA decreased by eight per cent to US$723m, primarily due to higher energy costs and supply chain disruptions. Cemex group’s net income totalled US$265m in the 2Q22. “I a... |