Cement News tagged under: Cemex

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Caribbean Cement plans 2-year maintenance programme

16 February 2018, Published under Cement News

Following a challenging 2017, Jamaican cement producer Caribbean Cement expects to roll out a two-year maintenance programme that includes a programme of reinvestment in the Rockfort plant near Kingston. "After defining 2017 as a year of transition, the board of directors is now focused on consolidation of ongoing initiatives in health and safety, and roll-out of a two-year maintenance plan to ensure improved production performance and cement output," said the statement signed by Chairman ...

Cemex renews Birdlife conservation partnership

15 February 2018, Published under Cement News

Cemex announced it is renewing its partnership with Birdlife International, the world’s largest nature conservation partnership. The renewal extends the cement producer’s 10-year partnership by a further three years. “Cemex and BirdLife’s joint efforts have significantly improved the biodiversity of Cemex’s quarries, such as its Cerrito Blanco Quarry in northwestern Mexico. As a result of this BAP implementation, Mexico’s national bird, the Golden Eagle, is benefitting from a focussed con...

Cemex conducting pilot tests for Magdalena river transport

14 February 2018, Published under Cement News

To improve its operational efficiency, Cemex has started running pilot tests to transport cement via the Magdalena River in Colombia. Cement is transported from central Colombia to the Caribbean region during these trials. On the first trip, some 950t were transported from the main plant at Caracolito to Sociedad Portuaria de Barranquilla. The river journey took six days with the entire trip from Ibague via Barrancabermeja to Barranquilla taking 17 days. For Juan Carlos Muñoz, vice pre...

Cemex’s lower trading profit offset by lower tax rate/interest charge

09 February 2018, Published under Cement News

Cemex' turnover improved by 2.4 per cent in 2017 to US$13,672.2m. EBITDA declined by 9.1 per cent to US$1725.2m and the trading profit fell by 15.8 per cent to US$1523.1m. The net interest charge, however, declined by 10.9 per cent to US$1022.3m, but still giving a pretax profit 22.9 per cent lower at US$723.4m. The tax charge was some 83 per cent lower and deconsolidated activities had also been profitable, giving a net attributable profit 7.5 per cent ahead at US$806.2m. Net debt, inclu...

Cemex speeds up Maceo opening

08 February 2018, Published under Cement News

Cemex Latam Holding has confirmed that it is solving the legal issues that prevent the opening of its new plant in Maceo, Antioquía, Colombia. The inauguration of the works was postponed in May 2017 after authorities found the plant did not have all required permits to start operation. Jaime Muguiro, the company’s president, said the company was still awaiting authorisation for the capacity expansion. At present, capacity is limited to 0.25Mta, but Mr Muguiro indicated that the facili...

Leading cement companies form the GCCA

31 January 2018, Published under Cement News

Nine leading companies in the cement sector have launched the Global Cement & Concrete Association (GCCA). The founding members are Cemex, CNBM, CRH, Dangote, Eurocement, HeidelbergCement, LafargeHolcim, Taiheiyo and Votorantim. The GCCA has been created to develop and strengthen the industry’s contribution to sustainable construction, according to a press release.   In order to achieve this, the GCCA will promote the development of durable and environmentally conscious infrastructure at ...

Cemex to restructure Puerto Rico operations

11 January 2018, Published under Cement News

Following its significant fall in domestic cement sales, Cemex Puerto Rico has announced changes to its operations effective this month. While the company did not disclose further details about the number of dismissals, it aims to protect the highest number of jobs possible. The cement producer will also modify operations at its Ponce works, which will operate as a grinding unit. Cemex Puerto Rico President, Jorge Rojas, the current conditions in the local market prevent the compa...

Cemex Colombia to pay SIC fine, object via litigation

08 January 2018, Published under Cement News

Cemex Colombia announced that it proceeds to pay the value of the fine imposed by the country's Superintendency of Industry and Commerce (SIC) in September 2013, amounting to the sum of US$25.3m. The investigation is in line with Resolution 81391 of 11 December 2017 which saw the SIC fine Cemex Colombia, along with Cementos Argos and Holcim Colombia) and to six individuals for price fixing of grey cement in the national market. The company decided not to file an appeal for reversal ag...

Cemex receives environmental approval for Solid Cement expansion

18 December 2017, Published under Cement News

Ceemex has been given the all clear from the Department of Environment and Natural Resources (DENR) for the its proposed expansion of its cement plant the Antipolo City, Rizal, Philippines. The Solid Cement Corp (SCC) plant will be expanded by 1.5Mta, doubling cement capacity at the facility with the new line. Cemex Holdings Philippines (CHP) signed a contract with CBMI Construction Co Ltd to commence the first phase of SCC's expansion project in Antipolo City in May 2017.

Cementos Argos, Cemex and Holcim fined COP200bn

13 December 2017, Published under Cement News

Colombia has fined Cementos Argos, Cemex and Holcim over COP200bn (US$66m) for fixing prices, according to Reuters. The fine has been applied to the companies and some of its managers. In total, the companies represent 96 per cent of Colombia’s cement market and allegedly agreed to set prices between January 2010 and December 2012. Cement prices in this period increased 29.9 per cent whilst inflation was just 9.3 per cent. Holcim released a statement protesting the fine applied by the ...