Cement News tagged under: Cemex

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Cemex set to divest certain UK assets to Breedon Group

08 January 2020, Published under Cement News

UK-based Breedon Group has announced that it has entered into a conditional agreement with Cemex to acquire certain assets and operations in the UK for a total consideration of GBP178m, on a cash and debt free basis. The assets encompass approximately 100 active operations, including 49 ready-mix plants, 28 aggregate quarries, 4 depots, 1 cement terminal, 14 asphalt plants and 4 concrete products operations. The operations are located across six divisions located in Scotland, Wales, north-...

Cemex to build terminal in El Musel port

23 December 2019, Published under Cement News

The Port Authority of Gijón granted Cemex a 30-year concession of 2477.72m 2 of land at the Olano Pier in the port of El Musel, Spain. The Mexico-headquartered cement producer plans to build and operate a port terminal to receive, store and distribute cement and derived products. Plans include the construction of several warehouses, a loading bay and a bagging facility in the next 10 months. As a result, it will compete directly in northern Spain with Tudela Veguín , which recently ope...

Cemex Holdings Philippines plans new share sale

16 December 2019, Published under Cement News

The Philippine Stock Exchange has approved Cemex Holdings Philippines’ plan to raise as much as PHP12.6bn (US$250m) from the sale of new shares to existing investors. The company is expected to price its rights offering on 6 January 2020 and launch the offer from 20-24 January next year. Listing of the new shares is tentatively set for 4 March 2020. The new shares will come from an increase in Cemex Philippines’ authorised capital stock from PHP5.195bn to PHP18.31bn, consisting of 18.3...

NuCycle ramps up AF production for Cemex

05 December 2019, Published under Cement News

US-based NuCycle Energy has launched a facility in Plant City, Florida, to make alternative fuels, primarily as a coal substitute, exclusively for Cemex. The plant, which came online in April, is now fully operational and ramping up to process 150,000tpa of post-industrial materials, primarily process and packaging residuals. While the facility was built to support Cemex, plans are to build more facilities in Miami, Greater Atlanta and Massachusetts in the near future, according to Jim La...

Mexico's construction industry contracts in the 3Q19

04 December 2019, Published under Cement News

Mexico's construction industry contracted 6.6 per cent YoY during the third quarter of 2019, its worst period since the first quarter of 2009, due to lack of public work and fewer Infrastructure. Cement production in Mexico fell by 12.1 per cent in September to 3.160Mt, compared with the year before, according to Instituto Nacional de Estadistica Y Geografia (INEGI). In the year to September 2019, accumulated cement volumes reached 29.801Mt, representing a fall of 21.1 per cent. The decl...

Cemex reportedly looks to sell stake in Louisville plant

22 November 2019, Published under Cement News

Cemex is reportedly looking for a buyer for its controlling interest in the Kosmos cement plant in Louisville, Kentucky, USA. The company is working with Bank of America Corp and Citigroup Inc on the sale of its 75 per cent stake, said the unnamed sources for El Financiero. The remaining stake in the company is owned by Buzzi Unicem. The sources also noted that no definitive decisions have been made and the deliberations may not lead to a transaction.

Cemex subsidiary to enter Chinese market

20 November 2019, Published under Cement News

Cemex's venture capital unit has announced that it will be entering the Chinese market through a partnership with Glodon, a local provider of digital platform services for the industry, and Interdream Ventures, a venture capital firm seeking to digitise the construction and decoration industries. "This type of alliance between two joining segments is key to finding new successful business models and operating in the Chinese market," said Juan Nieto, Cemex Ventures' representative in Asia. ...

Fire put out at Cemex's Rugby cement plant

06 November 2019, Published under Cement News

Some 50 fire fighters and eight fire engines were called to Cemex's Rugby cement plant in Warwickshire, UK, at 2.15am on 5 November to put out a fire that had spread to four storeys of the 70m-high preheater tower. The blaze centred around a conveyor belt. A spokesman from Cemex said, "Cemex confirms there was a fire at the Rugby cement plant in the early hours of 5 November. We are grateful for the attendance of the fire service who brought the incident under control rapidly and limited t...

Cemex reports 4% decline in net sales for 3Q19

25 October 2019, Published under Cement News

Cemex has reported consolidated net sales of US$3.5bn in the 3Q19, representing a decrease of four per cent YoY, or one per cent on a like-for-like (LfL) basis for the ongoing operations and adjusting for foreign-exchange fluctuations. Higher prices for its products, in local currency terms, in all regions were more than offset by the lower volumes seen in Mexico and the Asia, Middle East and Africa region. Operating EBITDA over the same period fell by nine per cent to US$681m. Consolidated ...

Cemex plants receive US EPA Energy Awards

11 October 2019, Published under Cement News

Cemex announced that its cement plants in Miami and Brooksville South have been awarded the US Environmental Protection Agency's (EPA) Energy Star Certification for 2019, recognising Cemex's efforts to reduce energy efficiency and sustainability. The Miami cement plant has been recognised for nine consecutive years by the EPA and the Brooksville South plant has achieved such recognition in seven out of the last eight years. To earn the recognition, operations at each plant followed energy-e...