Cement News tagged under: Mexico
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... |
CEMEX supplies Vertua to Puerto Vallarta airport24 November 2023, Published under Cement NewsCEMEX is supplying its Vertua lower-carbon concrete for the construction of Terminal 2 at Puerto Vallarta’s International Airport, Mexico, which aims to be one of the most sustainable terminal buildings in Latin America. The 68,000m 2 new terminal is planning to be one of the most efficient in terms of sustainability, with the aim of obtaining LEED certification and minimising the carbon emissions associated with the construction process. CEMEX is contributing over 85,000m 3 of Vertua... |
RHI Magnesita opens new office in Mexico22 November 2023, Published under Cement NewsRHI Magnesita has opened a new customer service hub in Monterrey, Mexico. The new offices are located in San Pedro Garza Garcia, Nuevo León. “We are proud to be expanding into Monterrey and showcasing our brand in this new area. We’re confident that the addition of the team in this office will support our focus on providing our customers with the best experience,” said Craig Powell, North America regional president, RHI Magnesita. The company serves customers around the world fro... |
CEMEX and FREE to develop new solar power project17 November 2023, Published under Cement NewsCEMEX Philippines has signed an agreement with Filinvest-ENGIE Renewable Energy Enterprise, Inc (FREE) for a 10.08MW solar project at CEMEX’s cement plant in Naga City , Cebu. The project, which will be a ground-mounted solar system, is expected to avoid 10,000Mt of CO 2 each year, reports BusinessWorld. “This solar energy partnership is another milestone under CEMEXs Future in Action program, as we progress closer to our goal of reducing Scope 2 emissions, coming from electricity so... |
CEMEX supplies Vertua to Dubai tower09 November 2023, Published under Cement NewsCEMEX is supplying its Vertua lower-carbon concrete for the Cavalli Tower, a 70-storey luxury residential building set to become a landmark in Dubai Marina. The tower will feature interior design by the Italian fashion designer Roberto Cavalli and architectural design by the award-winning architect Shaun Khila. CEMEX provided Vertua lower-carbon concrete with a carbon footprint approximately 35 per cent lower than traditional concretes for this building. “Thanks to our experience in p... |
CEMEX refinances US$3bn syndicated credit agreement01 November 2023, Published under Cement NewsCEMEX has successfully refinanced its US$3bn syndicated credit agreement, extending the maturity to 2028. The refinanced credit agreement consists of a US$1bn five-year amortising term loan, and a US$2bn five-year committed revolving credit gacility. This represents a reduction of US$500m in the term loan and an increase of US$250m in the revolver from the prior facility. The signing of the credit agreement is an integral part of a comprehensive financing plan designed to increase liquidit... |
CEMEX reports 32% jump in EBITDA in 3Q2327 October 2023, Published under Cement NewsCEMEX has reported nine per cent YoY growth in sales for the third quarter of 2023. EBITDA over the same period advanced by 32 per cent, while the EBITDA margin expanded by 3.5 percentage points to 19.9 per cent. For the first time since the launch of CEMEX’s pricing strategy in 2021, designed to regain profitability after a surge in input cost inflation, quarterly EBITDA margin exceeded its goal of recovering 2021 margins, according to the company. Free cash flow after maintenance cap... |