Cement News tagged under: Cemex
Cemex reports double-digit EBITDA growth in FY2111 February 2022, Published under Cement NewsCemex announced strong results for the FY21 with double-digit EBITDA growth, the highest in more than a decade, coupled with a similar increase in sales, driven by higher volumes and robust pricing in all core products in all regions. EBITDA margin increased 0.8 percentage points in the year, despite headwinds in energy and import costs. CO 2 emissions declined 4.4 percentage points, the largest annual decline the company has ever achieved. Net sales increased 14 per cent to US$14... |
Cemex signs up companies to its Working Smarter digitalisation program10 February 2022, Published under Cement NewsCemex has signed separate multi-year contracts that range from five to seven years totalling US$500m with six leading service providers under its Working Smarter digital transformation initiative. The partners are active in the fields of finance and accounting, information technology, and human resources, replacing current expenditures with the new suppliers’ services at an optimised cost, effectively continuing to reduce the company’s operating expenses. The initiative brings all wo... |
Caribbean Cement to launch Vertua-certified cement07 February 2022, Published under Cement NewsCemex -owned Caribbean Cement Co will be launching its newly co-branded Vertua-certified cement to support the reduction in carbon emissions by 40 per cent by 2030. “Vertua is a brand that CEMEX worldwide has selected to put on all the low-carbon cement — it's an umbrella, it's a branding. We have a product that has already qualified as Vertua. Every bag you see out there that carries Carib Cement or Carib Cement plus is a low-carbon product,” said the company’s Managing Director, Yago ... |
Cemex and Synhelion achieve solar clinker production04 February 2022, Published under Cement NewsCemex and Synhelion have announced the successful production of solar clinker, the key component of cement, a significant step towards developing fully solar-driven cement plants. "The production of the first solar clinker is an exciting milestone for this transformational technology. It is proof of our commitment to deliver tangible outcomes through innovation to achieve our goal of delivering only net-zero CO 2 concrete by 2050," said Fernando A. Gonzalez, CEO of Cemex. "Cemex is ... |
Cemex and Cemex ventures invest in clean hydrogen startup03 February 2022, Published under Cement NewsCemex and Cemex Ventures have announced their investment in HiiROC, a clean hydrogen production start-up. HiiROC developed a technology that uses thermal plasma electrolysis to convert biomethane, flare gas, or natural gas into hydrogen at a lower cost than competing solutions and without a CO 2 footprint. Together with HiiROC, Cemex aims to increase its hydrogen injection capacity across its cement operations while reducing the consumption of fossil fuels. HiiROC, a UK-based co... |
Caribbean Cement to pay 2% royalty fees to Cemex31 January 2022, Published under Cement NewsFollowing shareholder approval Caribbean CementCo Ltd will pay two per cent royalties to its parent company Cemex from January 2022. The agreed fee is equivalent to two per cent of net sales, half of the cap initially telegraphed to shareholders. Caribbean Cement said in a statement that since 2017, when Cemex assumed majority control of Caribbean Cement, the plant at Rockfort has relied on Cemex's global expertise, including its safety management systems that resulted in the reduction of... |
Cemex acquires urban waste treatment company31 January 2022, Published under Cement NewsCemex has announced the acquisition of Broquers Ambiental (Broquers), a sustainable company that focusses on the separation, recovery, and treatment of urban solid waste generated in the city of Queretaro. This acquisition is part of Cemex's Future in Action programme, aimed to achieve carbon neutrality. "With this acquisition, at Cemex we are firmly committed to the circular economy by integrating our value chain to the production of climate-friendly fuels that we use in cement produc... |
Mexico's cement market sees cement prices surge26 January 2022, Published under Cement NewsThe price of grey cement in Mexico increased on average 14.5 per cent per 50kg bag and 20 per cent per tonne of bulk cement in January 2022 when compared with December 2021, according to industry sources and material distributors, reports El Norte. This is significantly above the 2.4 per cent increase between January 2021 and December 2020 as reported by INEGI, the country’s statistics office. In the case of market leader Cemex, the company reported a 14.4 per cent price rise for its bagg... |
Cemex extends Puerto Rico Port operation contract24 January 2022, Published under Cement NewsThe Executive Director of the Puerto Rico Ports Authority (APPR), Joel A Pizá Batiz, confirmed that he had renewed a contract to extend the operation of Cemex Puerto Rico at Pier 16 of the Port of San Juan for 20 years . "The renewal of the contract to extend operations responds to the vision of the Government of Puerto Rico to promote and implement recovery efforts in an efficient and effective manner, capitalising on opportunities to rebuild a better and resilient country,” said... |
Cemex's restored quarries bear fruit19 January 2022, Published under Cement NewsCemex's commitment to considered and high-quality restoration of its quarries has resulted in the harvesting of olive oil, citrus fruits and grapes from locations in Croatia and Spain. In Split, Croatia, Cemex organised a volunteering activity in the olive groves located in its quarry, in cooperation with the Agricultural and Veterans' Cooperative Lintar. In a few hours, seven teams of five to six volunteers managed to break the daily harvesting record with 1162 kg of olives harveste... |