Cement News tagged under: Cemex Espana
Cemex releases new low-carbon cement to European market26 May 2021, Published under Cement NewsAs part of its innovative Vertua ® low-carbon product portfolio, Cemex España has launched its new high-performance grey cement type II 52.5 R to the European cement market This cement has been tailored to provide superior performance to the precast and infrastructure segment by providing early strength such as that obtained by Type I cement but with ~20 per cent lower direct CO 2 emissions, says Cemex. The new cement is part of Cemex’s “Future in Action” climate strategy, which aim... |
Cemex España increases ownership in Cemex Latam Holdings17 December 2020, Published under Cement NewsCemex España SA is increasing its shareholdings in Cemex Latam Holdings SA (CLH), which is listed on the Colombian stock exchange, from 73.16 per cent to 92.6 per cent of CLH's paid and outstanding shares. This completes the tender offer made by Cemex España for all outstanding ordinary shares in CLH directed to all shareholders at a purchase price of COP3250 (US$0.95) per ordinary share. 108,337,613 ordinary shares were validated in the tender offer for an aggregate amount of COP352bn ... |
Cemex España seeks authorisation for Cemex Latam public offering08 September 2020, Published under Cement NewsCemex España has requested the authorisation of the Financial Superintendency of Colombia (SFC) to begin a public offering of every ordinary and outstanding share of Cemex Latam registered in the National Register of Securities and Issuers of Colombia and the Colombian Securities Exchange. The public offering is expected to be addressed to all Cemex Latam shareholders, with the exception of those owned by Cemex España or Cemex Latam. The bid review is estimated to take between 2-4 weeks. ... |
Cemex's Lloseta cement plant to become an aggregates facility03 February 2020, Published under Cement NewsCemex's closed cement plant in Lloseta, in Mallorca, Spain, has been passed by the Balearic Environment Commission to be adapted into an aggregates plant. Proposals for the site had been invited in May 2019, when the government made the site a Strategic Industrial Project. The best option has been to keep the Can Negret quarry operating and to grant approval for a new aggregates plant on the former cement plant site. Cemex has a licence to mine the quarry until 2072. The new facility is ex... |
Caribbean Cement signs two loan agreements with Cemex España01 June 2018, Published under Cement NewsCaribbean Cement Co Ltd has signed two loan agreements valued at US$102m with Cemex España, which will be used for the repurchase of assets at its Rockfort facility. The loans will be mainly used to acquire kiln five and mill five, according to The Gleaner. The assets will be acquired from the company’s immediate parent, Trinidad Cement Ltd. "The remainder, if any, will be used for general corporate purposes," said Caribbean Cement in a market filing. Cemex SAB de CV, parent of Cemex Espa... |
Ireland: cement firms make windfall profits from ETS permits18 April 2016, Published under Cement NewsCRH, Lagan Cement and Quinn Cement have together made EUR128m (US$145m) through the sale of permits under the EU emissions trading scheme (ETS). On Sunday, the Irish Independent reported that the three firms were allocated credits on the basis of a prediction that demand would rise by 30 per cent between 2007 and 2012. The impact of the financial crisis instead caused demand to drop by over 60 per cent, allowing the companies to sell off their un-needed carbon credits. Donal O'Riain o... |
Cemex to appeal Spanish fine07 April 2014, Published under Cement NewsCemex said Spanish tax authorities have fined its Spanish subsidiary EUR455m (US$620m) following an audit of the unit's tax returns for the years 2006 through 2009. Cemex Espana plans to appeal the fines, the company said Friday in a filing with the Mexican Stock Exchange. If the appeals are not resolved in the company's favor, this matter "could have a material adverse impact on our operating results, liquidity and financial situation," Cemex added. The Spanish unit of Cemex h... |
Cemex announces offering of senior secured notes25 March 2014, Published under Cement NewsCemex announced today that Cemex Finance LLC (the Issuer), an indirect wholly-owned subsidiary of Cemex España, intends to offer senior secured notes in one or more series denominated in euros, subject to market and other conditions. Contemporaneous with the offering of the euro notes, the Issuer also may offer senior secured notes in one or more series denominated in US dollars, subject to market and other conditions, the company said in a statement. Cemex intends to use the net proceeds... |
Cemex Spain says it complies with tax obligations26 November 2013, Published under Cement NewsCemex Spain has made the following clarifications regarding information published in the media concerning the inspection process opened by the Tax Agency: Cemex scrupulously complies with all legal and tax obligations in Spain, without having debt with or being sanctioned by the Spanish tax authorities to date. Cemex has learned through the media of personnel movements within the Tax Agency and does not weigh the decisions that the authority, in the internal order, adopted. The com... |
Cemex Espana adjusts downsizing plan27 November 2012, Published under Cement NewsCemex Espana is to adjust its downsizing plan for its domestic operations from the initial 370 planned job buts to 280. The 25 per cent reduction came as a result of an agreement reached between the company's management and trade unions. The employees to be affected by the staff-reduction measure account for 16 per cent of all 1740 in Spain at present. The laid-off employees will receive severance pays of 30 days per every year of work but not more than 22 monthly salaries. The staff ad... |