Cement News tagged under: Mexico
GCC reports 7% EBITDA increase in 202201 February 2023, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) reported net sales of US$289.7m in the October-December 2022 period, representing an increase of 12.3 per cent when compared with the 4Q21, according to the company’s filing to the Mexican stock exchange, BMV. It also posted EBITDA of US$91.3m in 4Q22, up 12.7 per cent YoY. Net profit increased by 70.4 per cent to US$51.3m in the 4Q22 when compared with the 4Q21. The cement producer attributed the increase to a rise in cement and concrete prices of 16.2... |
Nearshoring is leading to Mexican demand growth05 January 2023, Published under Cement NewsThe growing development of industrial properties due to nearshoring is leading to a rise in Mexico’s cement demand of approximately 10 per cent, particularly in the north of the country. The focus of demand is reported to centre on the Ciudad Juárez, Chihuahua. "In segments such as the construction of warehouses, industrial and commercial parks, in Mexico due to all the nearshoring activity we are seeing an increase in this segment of around 10 per cent this year," according to GCC’s gene... |
Synhelion receives new funding for solar fuel technology16 December 2022, Published under Cement NewsSolar fuel specialist Synhelion has raised CHF22m (US$23.7m) in another successful financing round. The funds were primarily provided by existing investors, including CEMEX and CEMEX Ventures, CEMEX’s corporate venture capital and open innovation unit, as well as selected new strategic investors. The proceeds of the investment round will accelerate Synhelion’s growth and support the scaling and commercialisation of its unique technology. Synhelion’s existing and new investors are worl... |
CEMEX validates 2050 net-zero CO2 target with SBTi09 December 2022, Published under Cement NewsCEMEX has validated its 2050 net-zero CO 2 target through the Science Based Targets initiative (SBTi), becoming one of the first companies in the industry to do so. The validation accounts for CEMEX’s short-term 2030 targets, previously validated by the SBTi for alignment with their 1.5ºC scenario, and long-term targets along its entire value chain. CEMEX’s alignment of its roadmap to SBTi’s Net-Zero Standard reflects its confidence that it is on the right path to net-zero and to co... |
Cemex delivers 1Mm3 of Vertua concrete since 202025 November 2022, Published under Cement NewsCemex has delivered 1Mm 3 of Vertua ready-mixed concrete in Colombia since the product was launched in 2020, avoiding emissions of around 178,000t of CO 2 . According to Cemex, Vertua has become one of the most accepted lower carbon products in the industry and the company expects it to account for the majority of its cement and concrete sales by 2025. “In 2020, we launched Vertua concrete in the Colombian market with the expectation of having a positive response from the construction... |
Cemex announces new CCUS projects22 November 2022, Published under Cement NewsCEMEX has announced that it is implementing several new carbon capture, utilisation, and storage (CCUS) projects throughout its global cement operations as it seeks to accelerate its implementation of the game-changing technology as part of its decarbonisation roadmap. CCUS can be the final step to reaching net-zero CO2 after current levers, relying on existing and proven strategies, are maximised to their fullest potential. CEMEX is currently running several CCUS innovation projects th... |
CEMEX sets "most ambitious" decarbonisation goals in the industry17 November 2022, Published under Cement NewsCEMEX has a “promising medium term outlook”, according to Fernando A González, chief executive officer. Speaking at the company’s 2022 CEMEX Day on 16 November, Mr González said the markets in which the company operates are seeing strong demographics and urbanisation trends, along with “pressing needs for more resilient and sustainable infrastructure, buildings and homes”. With 10Mta of cement capacity additions in the pipeline, 4.4Mta of which is being rolled out in 2022-23 in Mexico, ... |
CEMEX validates its new 2030 decarbonisation goals11 November 2022, Published under Cement NewsCEMEX has validated its 2030 decarbonisation goals through the Science Based Targets initiative (SBTi) for alignment under their new 1.5ºC scenario, the most ambitious pathway defined for the industry. The company now has 2030 scope 1 goals of 47 per cent less of CO 2 per tonne of cementitious material than its 1990 baseline and 35 per cent less of carbon content in concrete. For scope 2 goals, by 2030 Cemex is targeting 65 per cent in clean electricity consumption . Th... |
Buzzi Unicem records net sales of EUR3bn in 9M2209 November 2022, Published under Cement NewsBuzzi Unicem reported consolidated net sales in the 9M22 of EUR3004m, up 18.2 per cent compared to EUR2542m in 9M21. Cement and clinker sales of the group, in the first nine months of 2022, reached 21.9Mt, down 6.2 per cent compared to the previous year. Ready-mix concrete sales closed with a more moderate slowdown at 8.8Mm 3 , a fall of 2.8 per cent. Foreign exchange rate variances positively contributed for EUR160.9 m. Net debt improved from EUR16.8m at the end of 2021 to a positive pos... |
CEMEX's net sales grow 13% in 3Q2231 October 2022, Published under Cement NewsCEMEX announced continued solid top line growth in the 3Q22. Net sales grew by 13 per cent to US$3,956m while net income of reached US$494m. Pricing was the main driver with cement, ready-mix and aggregates, increasing by double digits. “Our pricing achievements this year have allowed us to more than offset inflationary costs in dollar terms, but stubbornly high inflation and supply chain headwinds have delayed our ability to regain margins. We are fully committed to margin recovery an... |