Cement News tagged under: Cemex

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Cemex receives approval for Maceo operations up to 2040

16 April 2019, Published under Cement News

Cemex has received approval from the Attorney General’s Office in Colombia to carry out mining operations at its plant in Maceo, Antioquia. The contract will last until 2040 with the option to extend it until 2050 if the company extends the duration of the mining concession. Cemex Colombia and its subsidiary Central de Mezclas will pay a lease fee of COP49m (US$16,159) to CL Calizas and Zona Franca Especial Cementera del Magdalena Medio (Zomam). This includes retroactive payments for lease...

Cemex Ventures invests in real-time delivery company

12 April 2019, Published under Cement News

Cemex Ventures  has invested in LINKX, a software company that specialises in goods delivery optimisation. LINKX will help Cemex achieve control of deliveries in real time, allowing data-based decision-making and communication between shipper, carrier and receiver. "This investment is a clear example of our offer," said Gonzalo Galinodo, CEO of Cemex Ventures." LINKX came to us at a very early stage, and together, we worked on continuous improvements by reinforcing their minimum viable prod...

Cemex launches Cemex Go Development Center

05 April 2019, Published under Cement News

Cemex has introduced its Cemex Go Development Center, a digital platform to enable users to connect with different entities in the industry, accelerate their evolution, and promote new business models, while reducing costs and accelerating time for the development of new digital capabilities of each of its customers. Cemex Go Development Center facilities connectivity of Cemex Processes with its customers through digital platforms and application programming interfaces (APIs), which can dir...

Cemex Latvia changes name to Schwenk Latvija

04 April 2019, Published under Cement News

Following its recent acquisition by Germany-based Schwenk, Cemex Latvia will change its name to Schwenk Latvija, according to reports by the LETA news agency. Cemex generated a turnover of EUR86.92m in Latvia in 2018, an increase of 11.3 per cent from 2017. Annual profit amounted to EUR5.95m, compared to a loss in the previous year. The company sold over 1Mt of cement in 2018, of which 70 per cent was exported, mostly to Finland, Sweden and Estonia.

Building a stronger Cemex

26 March 2019, Published under Cement News

Fernando A González, Cemex's CEO, opened Cemex Capital Market Day on Wednesday, 20 March 2019 and stated that 'A Stronger Cemex' had been formed through a programme of accelerated deleveraging, bringing with it an improved credit rating and increased shareholder returns. The group achieved a top-line growth of six per cent in 2018 and generated US$1bn of free cash flow, which was used to reduce total debt by approximately eight per cent. This also enabled a dividend payment of US$150m, th...

Building a stronger Cemex

22 March 2019, Published under Cement News

Fernando A Gonzalez, Cemex's CEO, opened Cemex Capital Market Day on Wednesday, 20 March 2019 and stated that 'A Stronger Cemex' had been formed through a programme of accelerated deleveraging, bringing with it an improved credit rating and increased shareholder returns. The group achieved a top-line growth of six per cent in 2018 and generated US$1bn of free cash flow, which was used to reduce total debt by approximately eight per cent. This also enabled a dividend payment of US$150m, th...

Cemex to sell white cement plant to Çimsa

21 March 2019, Published under Cement News

Cemex has announced that it has reached a binding agreement with Çimsa Çimento to divest its white cement business, including its Buñol plant in Spain, for approximately US$180m. The final agreement is expected to be signed in April 2019, with the closure of the sale forecast for 2H19. The divestment does not include the company's white cement business in Mexico or the investment in USA-based Lehigh Cement. The deal is part of Cemex's ongoing restructure, with the potential proceeds to be m...

Cemex links up with Petuum Industrial for global AI order

21 March 2019, Published under Cement News

Cemex has entered into a global agreement with automation specialist Petuum Industrial to supply AI (artifical intellegence) Autopilot with autosteer in all cement plants worldwide for autonomous cement plant operations. The Petuum Industrial AI Autopilot product for cement plant operations are being deployed at select Cemex USA and Mexico plants and will continue to be rolled out in 2019. The AI technology will deliver real-time precise forecasts for key process variables, prescriptions ...

Cemex to invest EUR4.85m in Gijon cement plant

05 March 2019, Published under Cement News

Cemex plans to invest EUR4.85m (US$5.5m) in the construction of a cement plant and distribution centre in Gijón port, Spain. The facility will include two silos with a height of 43.5m and will be located in the second section of the Ingeniero Olano wharf. Each silo will have a capacity of 6000t of cement. Cement unloading will be carried out through a pipe at the end of the Olano wharf, which would run underground to the silos. The company plans to sell cement in bulk as well as in palle...

Cemex sells Broceni plant and Nordic assets to Schwenk Zement

20 February 2019, Published under Cement News

Cemex has announced that it has signed an agreement for the sale of assets in the Baltics and Nordics to Schwenk Zement for approximately EUR340m. The Baltic assets being divested consist of the 1.7Mta Broceni cement plant in Latvia, four aggregates quarries, two cement quarries, six ready-mix plants, one marine terminal and one land distribution terminal in Latvia. The assets divested also include Cemex's approximate 38 per cent indirect interest in the 1.8Mta Akmene cement plant in Lithu...