Cement News tagged under: Cemex

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Cemex divests of its Pacific Northwest Materials business in the US

18 April 2017, Published under Cement News

Cemex announced that one of its subsidiaries in the US has signed a definitive agreement for the sale of its Pacific Northwest Materials Business to Cadman Materials Inc, a LehighHanson company and US subsidiary of HeidelbergCement Group, for approximately US$150m. The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes. The closing of this transaction is subject to the satisfaction of certain conditions, including approval...

Croatia's cement sector still craves an upturn

13 April 2017, Published under Cement News

Croatia's market has been top of the news in the EU with the commission's decision to block the sale of Cemex's Croatian cement plants to Duna-Drava Cement of Hungary, jointly-owned by HeidelbergCement and Schwenk Zement. The commission was said to be concerned with the situation that after the transaction the largest cement producer in Croatia would also be the largest importer and would virtually dominate the southern Croatian market. Currently competition in Croatia consists of ...

Croatia: EC prevents Cemex Croatian sale

07 April 2017, Published under Cement News

Cemex SAB de CV has announced that the European Commission has refused Cemex permission to sell its Croation operations to Duna-Drava Cement Kft, a joint venture owned by HeidelbergCement and Schenk Zement AG. Therefore, Cemex will maintain its three cement plants, seven concrete plants and two aggregate quarries in Croatia, as well as its network of maritime and land-based terminals in Croatia, Bosnia-Herzegovina and Montenegro.

UK: small fire at Cemex Rugby plant

07 April 2017, Published under Cement News

A small fire broke out in the dust filtration system at Cemex's plant in Rugby, according to reports in the local press. Firefighters successfully extinguished the blaze, which occurred on Tuesday, 4 April. "No one was injured, everyone was safe, that’s the main thing. The emergency services attended which is standard procedure and the fire was brought under control," said Martin Casey, Cemex director of public affairs and communications. 

Cemex requests new authorisation to increase capacity in Colombia

03 April 2017, Published under Cement News

Cemex Latam Holdings has announced it will present a new application for an environmental permit which would enable the Mexico-based cement producer to increase capacity at its Maceo plant in Antioquia, Colombia. The plant, which represents an investment of US$340m, is authorised to produce 0.25Mta at present. Earlier the company had applied to raise plant capacity to 0.95Mta, but the request had been denied. The company said that it decided to postpone the start-up of the plant, whil...

Cemex publishes report on environmental and social achievements in 2016

31 March 2017, Published under Cement News

Cemex has published its first integrated report , covering 2016. The report brings together the information that the company had in published in separate annual and sustainability reports in previous years. The integrated report thus covers both Cemex’s financial performance for 2016, which the firm had already released in February , and its work in other areas, including its efforts to improve environmental performance and to promote corporate social responsibility. “As a unified gl...

InterCement for sale?

31 March 2017, Published under Cement News

Once again, there is speculation that Camargo Corrêa, the Brazilian conglomerate, is seeking to dispose of InterCement, its subsidiary and controlling shareholder of Cimpor SGPS. In mid-2015 the indebted Camargo Corrêa, which derives 42 per cent of its revenues from InterCement, had looked to sell a stake in the subsidiary, and more recently new suitors have emerged. To reduce its net debt burden, which stood at four times its EBITDA of 2015, InterCement has slowly been divesting non-cor...

Cemex sees Philippine infrastructure overhaul driving demand

29 March 2017, Published under Cement News

Philippine’s President Rodrigo Duterte’s infrastructure overhaul is expected to drive demand for cement and create a “multiplier effect” in the construction sector, Cemex says, according to a report by ABS–CBN News. Paul Arcenas, vice president investor relations, Cemex Holdings, said the private sector will match spending by government on more roads, bridges, railways and airports. “We continue to remain optimistic about the infrastructure program, as the government creates this multiplie...

Philippines: infrastructure rebuild to drive cement demand

23 March 2017, Published under Cement News

President Rodrigo Duterte’s infrastructure overhaul is expected to drive demand for cement and create a “multiplier effect” in the construction sector, according to an official at Cemex. As the government builds more roads, bridges, railways and airports, the private sector will match this with new houses and commercial spaces, said Cemex Holdings Vice President for Investor Relations, Paul Arcenas. Cemex told the stock exchange on Thursday that its unit, APO Cement Corp, has partnered...

Cemex will not supply border wall

20 March 2017, Published under Cement News

Mexico-based Cemex says it will not participate in construction of President Donald Trump's border wall. The company has been viewed as a potential beneficiary of President Trump’s plans, but Cemex has come under intense pressure at home to boycott the multi-billion-dollar project. According to the US General Services Administration's Federal Business Opportunities website, Cemex has not registered as a potential government contractor for the border barrier. Last week, company spokesma...