Cement News tagged under: Cemex

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Cemex improves net profit strongly

27 July 2017, Published under Cement News

Cemex reported a strong improvement in net profit for the six months to the end of June 2017, but cement volumes eased over the period. First-half turnover was down by 0.2 per cent to US$,703.9m, while EBITDA declined by 6.4 per cent to US$1248.1m.The trading profit, however, improved by 14.2 per cent to US$959.5m while net interest payments increased by three per cent to US$537.5m and the pretax profit improved by 29 per cent to US$451.6m. The net attributable profit rose from US$241.2m ...

Cemex LatAm sees sharp decline in Colombia

27 July 2017, Published under Cement News

Cemex Latin American Holdings' first-half turnover declined by 4.4 per cent to US$642.8m, while  EBITDA fell by 25.8 per cent to US$167.7m as the company saw a sharp decline in the Colombian market. At the trading level there was a 32.1 per cent reduction to US$123.1m. After a net interest charge 9.4 per cent higher at US$32.1m, the pretax profit emerged 50.1 per cent lower at US$82.8m. The net attributable profit dropped by 49.2 per cent to US$51.1m. Net debt at the end of June was 8.8 p...

Cemex: environmental savings for construction by barging

25 July 2017, Published under Cement News

Aggregates being barged up the River Thames Last month was a record month for transporting aggregates by barge down the River Thames, UK, saving approximately 320 road journeys. June saw record tonnages by barge of 10,300t sand and gravel loaded at Dagenham Wharf and transported along the River Thames to Fulham, to meet the increasing demand for concrete by the London construction market. The tonnage represents the equivalent of approximately 320 road journeys by eight-wheeler HG...

Cemex successfully closes new US$4.05bn bank loan

20 July 2017, Published under Cement News

Cemex announced today that it has entered into a new facilities agreement for a total amount of US$4.05bn with 20 institutions. The 2017 Credit Agreement will be used to refinance the US$3.68bn facilities agreement dated 29 September 2014 (2014 Credit Agreement), and the remaining amount will be used for general corporate purposes, which may include debt repayment. Cemex expects to fully cancel both drawn and undrawn amounts under the 2014 Credit Agreement by 25 July 2017. The main terms...

Cemex settlement agreement with CA Coastal Commission

17 July 2017, Published under Cement News

The California Coastal Commission has approved the agreement Cemex negotiated with commission staff regarding the continued operation of the Cemex Lapis sand plant at a meeting in Seaside (CA), USA. This agreement is part of a settlement of disputes with the commission, the State Lands Commission and the City of Marina over the historical operations of the more than 110-year old Lapis sand plant. The approval by the Coastal Commission was the result of years of discussions and is another s...

Cemex USA updates on 2016 environmental investments

13 July 2017, Published under Cement News

Cemex further demonstrated its commitment to sustainable business practices in 2016, investing more than US$50m on projects and improvements in cement plant operations and other facilities to help reduce environmental impact and conserve nearby wildlife. Cemex spent millions of dollars at its cement plants in 2016 to make changes benefiting the environment. Four cement plants – Brooksville, Miami, Clinchfield and Victorville – achieved the ENERGY STAR Certification from the US Environment...

Cemex to supply special concrete for new terminal

13 July 2017, Published under Cement News

Cemex expects to supply 21,500m 3 of roller-compacted concrete (RCC) to pave all of the roads for the new terminal of ALA Transportes, a division of Grupo Transportes de Monterrey (GTM), the largest trucking company in Mexico. Comprising 15ha in Nuevo Laredo, in northern Mexico, the project required a solution capable of easing the daily traffic of 400 trailers (of 14,000t) and that also offered long-term savings during the lifespan of the pavement. Cemex’s RCC solution was selected to...

Cemex participates in key Polish infrastructure road project

11 July 2017, Published under Cement News

Cemex is participating in the construction of the major S7 Expressway in Poland by supplying over 400,000m 3 of concrete. This cross-country expressway connects the Baltic coast to cities such as Warsaw, Kraków, and the Slovakian border region. To improve the highway’s traffic flow and road safety, one of the stretches of the S7 Expressway involved the construction of a 920m-long bridge on the Koszwaly to Nowy Dwor Gdanski section over the Vistula River, in northern Poland. This bridge is...

New Country President for Cemex UK

04 July 2017, Published under Cement News

Michel Andre has been appointed as the Country President for Cemex UK, with immediate effect. Andre joins the UK business following seven years as Country President for Cemex France. Mr Andre has worked for Cemex France for a total of 12 years with senior roles in Strategic Planning and the Readymix business. Prior to joining Cemex, he worked for Lafarge in the US and France and five years at Pricewaterhouse Coopers. Besides his role as Country President of Cemex France Mr Andre was a boar...

Cemex finalises Pacific Northwest Materials divestment

03 July 2017, Published under Cement News

Cemex SAB de CV has completed the divestment of its Pacific Northwest Materials Business through one of its US subsidiaries to Cadman Materials Inc, part of HeidelbergCement-owned Lehigh Hanson Inc. Pacific Northwest Materials Business includes seven aggregate quarries, five ready-mix concrete plants and three asphalt operations in Oregan adn Washington, USA. The company generated about US$110m revenues and about USS14m  of EBITDA in 2016 with about 350 employees. The acquired aggregates ...