Cement News tagged under: Cemex

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Cemex announces plans for US$1bn bond issue

03 June 2020, Published under Cement News

Cemex has announced plans to issue US$1bn worth of bonds, with a 7.375 per cent coupon and a maturity date of June 2027. The issue is expected to be used to support ongoing business activities, including debt repayment. The bonds will be issued with an option to repurchase them four years prior to maturing and the offering period will close on 5 June.  Elsewhere, Mexico's energy regulator approved new rates that electricity providers must pay the national power utility for transmission...

Cemex amends consolidated financial leverage limits

26 May 2020, Published under Cement News

As part of a strategy to respond to the effects of the coronavirus pandemic, Cemex has amended its main banking contract to modify the limits of its consolidated financial leverage. Its leverage limit will increase to 6.75x by June 2020 and to 7.00x from September 2020 to March 2021, before decreasing again at a later date. "At the end of the first quarter of 2020, Cemex reported a consolidated financial leverage ratio of 4.40x," said the company.

Cemex announces organisational changes

22 May 2020, Published under Cement News

Cemex has made several immediate appointment changes and changes at senior positions in the company. Jose Antonio Gonzalez, Cemex's current executive vice president of finance and administration, has been appointed executive vice president of strategic planning and business development.  Maher Al-Haffar, current vice president of investor relations, corporate communications and public affairs, has been appointed executive vice president of finance and administration. Maurice Boehner, cur...

Automation at Caracolito

12 May 2020, Published under Cement News

Integrating collective knowledge and suggestions for improvements by end users form the basis of CEMEX’s drive to advance operational excellence at its plant in Caracolito, Colombia. The plant’s Line 2 was the focus for the design and implementation of a new control platform that could be fully adapted to user needs as well as allow for greater efficiency and productivity. By CEMEX, Colombia. Cemex Colombia has improved its efficiency and productivity at Line 2 of its Caracolito plant...

Cemex Philippines sees net sales fall 10%

05 May 2020, Published under Cement News

Cemex Holdings Philippines Inc announced that net sales decreased by 10 per cent during the 1Q20, versus the 1Q19, amounting to PHP5.6bn (US$110.7m). Domestic cement volumes decreased by four per cent versus 1Q19. An eight per cent increase in volumes during the first two months of the year was offset by the effects of the Enhanced Community Quarantine in Luzon and other quarantine measures around the country during the second half of March 2020. CHP’s domestic cement prices fell by six pe...

Cemex's regional cement sales partially offset domestic market slump in 2019

01 May 2020, Published under Cement News

Cemex released its 2019 20F annual report this week, which highlights a significant fall in cement volumes in the company's domestic market of Mexico before the impact of COVID-19. While the US markets held up well in 2019 and Europe saw strong infractructure investment, it is not known how quickly the recovery will occur after the pandemic and Cemex expects all markets to be affected to varying degrees. Mexico Cemex's domestic cement sales volumes in Mexico fell by 15 per cent in 2019 co...

Cemex sees consolidated net sales rise by 2% in 1Q20

01 May 2020, Published under Cement News

Cemex announced a like-for-like consolidated net sales increase of two per cent during the 1Q20 to US$3.1bn compared to the 1Q19. Operating EBITDA rose by one per cent to US$534m in the 1Q20. The company reported higher prices for products in local currency terms in most regions, as well as higher volumes for three core products in the USA and Asia, Middle East and Africa regions, and higher volumes in Mexico. This was partially offset by lower volumes in Europe and South, Central America ...

Digital bricks and mortar

28 April 2020, Published under Cement News

Digital transformation has been a key area of value creation for Mexican building materials major Cemex. Its trailblazing digital solutions include a customer-centric suite of services, the transformation of its truck fleet management and investing in innovative start-ups to foster the construction revolution. By German Carmona, NEORIS, Mexico. Cemex has positioned itself at the forefront of the digital transformation in the building materials sector To obtain and secure a compe...

Cemex adds hygiene and safety protocols to minimise COVID-19 risk

27 April 2020, Published under Cement News

Cemex has implemented more than 50 new hygiene and safety protocols to minimise the risk of COVID-19 contagion in its cement, ready-mix and aggregates operations. "Due to this pandemic, we have complemented our existing protocols by developing and implementing special protocols and guidelines to protect our employees, communities and customers from COVID-19 risk," said Fernando A González, CEO of Cemex. Cemex is also leveraging its existing digital technologies to limit physical contact an...

Mexico: getting back to business

10 April 2020, Published under Cement News

This week, Cemex was quick to announce that it was resuming operations, having previously fallen into line with the National Cement Chamber’s (CANACEM) decision to cease cement plant operations in Mexico on 2 April 2020.  Pressure to keep construction and cement sectors operational Cemex's announcement was a rapid about-turn on the advice that CANACEM president, Jaime Rocha Font, had given earlier: "We will stop supplying public and private works as of Saturday 4 April, this including th...