Cement News tagged under: Mexico
CEMEX refinances credit agreement12 April 2024, Published under Cement NewsCEMEX has successfully refinanced its euro-denominated sustainability-linked syndicated credit agreement, extending the final maturity to 2029. The refinanced credit agreement consists of a EUR450m five-year amortising term loan, and a new EUR300m four-year committed revolving credit facility. This represents a reduction of EUR50m in the term loan and an additional source of liquidity in the form of a revolver. According to the company, the signing of this agreement is an integral par... |
Mexico implements new 25kg bag05 April 2024, Published under Cement NewsMexico's National Cement Chamber (Canacem) announced the implementation of 25kg bags of cement in accordance with NOM-036-1-STPS-2018, Ergonomic risk factors at work - Identification, analysis and control (Part 1). Maribel Leyte Jiménez, Canacem's director of sustainability and environment, explained that the implementation would result in lower lumbar and spinal damage rates in the construction workers handling cement bags. The application of NOM 036, which came into force on 31 March 202... |
CEMEX sets the pace in 202325 March 2024, Published under Cement NewsCEMEX has released its Integrated Report, entitled 'Setting the Pace', which outlines the company’s strategic vision, operational performance, and value creation in 2023. Last year saw CEMEX achieve record growth in EBITDA and make significant progress in its decarbonisation efforts, reducing Scope 1 and 2 CO 2 emissions by 13 and 12 per cent, respectively, since 2020. This comes as the company launches its ‘Regenera’ waste management business globally, as part of its Urbanisation Solutio... |
CEMEX reveals strategy for EBITDA growth22 March 2024, Published under Cement NewsCEMEX has outlined its strategy to achieve high single-digit EBITDA growth in the medium term. According to the company, since 2020 it has focussed on rebalancing its portfolio towards the US, increasing its percentage of EBITDA contribution from 24 to 29 per cent. CEMEX now intends to increase this to 40 per cent by expanding its growth capex and investing divestment proceeds to the region. Speaking at an investor day in New York, Fernando A González, CEO at CEMEX, said that the focus... |
Holcim acquires two COMOSA ready-mix plants21 March 2024, Published under Cement NewsHolcim has acquired two ready-mix concrete plants of COMOSA in Querétaro, central Mexico. The acquisition is expected to strengthen Holcim’s presence in the local market, which has 70 ready-mix plants. With a total capacity of 120m 3 /h, Holcim will double its current capacity to 36,000m 3 of concrete per month. "This expansion not only strengthens our production network, but also underscores our continued commitment to sustainable construction and innovation," said Manuel Sirtori, di... |
CEMEX signs decarbonisation collaboration with White Summit Capital20 March 2024, Published under Cement NewsCEMEX has entered into a collaboration with specialised energy transition infrastructure investor and manager White Summit Capital to develop projects across its European operations that will contribute to CEMEX’s 2050 net-zero objectives. The envisaged partnership will focus on two key pillars of CEMEX’s Future in Action strategy: Decarbonising our Operations (for instance by reducing clinker factor, optimising fuel mix, increasing clean electricity, reducing transport emissions), and ... |
S&P upgrades CEMEX's credit rating15 March 2024, Published under Cement NewsRating agency Standard & Poor’s (S&P) has upgraded CEMEX ’s long-term global scale issuer credit rating to Investment Grade (BBB-) due to its strong financial and operating performance, deleveraging strategy, and flexible capital allocation. “Achieving an investment-grade credit rating from S&P is a very important milestone for CEMEX,” said Fernando A González, CEO of CEMEX. “While we had record results last year, this rating is recognition of successful execution against our medium-te... |
Holcim Mexico appoints Jorge Gonzalez as CFO15 March 2024, Published under Cement NewsJorge Gonzalez has been named as the new CFO of Holcim Mexico , the Mexican division of one of the largest global producers of building materials. This move, by the company, is reportedly aimed at strengthening their position as an industry leader in sustainable construction materials. The new CFO says, “I am excited to take on this new challenge at a key moment for Holcim Mexico, in which we are accelerating our growth in the country significantly.” This appointment comes after the exe... |
CEMEX Holding Philippines addresses plastic waste14 March 2024, Published under Cement NewsCEMEX Holdings Philippines Inc has teamed up with Liwayway Marketing Corp to address the management of plastic waste in the Philippines. Under the deal, Liwayway Marketing Corp, the country’s leading snack food supplier, will be channeling its post-consumer plastic packaging waste to CEMEX’s Solid cement plant for co-processing. The plastic waste will then be converted into alternative fuels and raw materials cement production at the plant. “At CEMEX, we are committed to solving envi... |
José María Barroso to lead Canacem11 March 2024, Published under Cement NewsJosé María Barroso Ramírez, CEO of Cemento Moctezuma , has been appointed as the new president of Mexico's cement association, Canacem, for 2024-25. He succeeds Jaime Hill Tinoco, CEO of Holcim México . Mr Barroso has more than 40 years of cement industry experience, having served previously as commercial director at Cemento Montezuma and more than 30 years at CEMEX . He graduated from the Instituto Tecnológico de Mérida, Yucatán, with a degree in industrial engineering and olds a Master... |