Cement News tagged under: Cemex

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Cemex Latvia changes name to Schwenk Latvija

04 April 2019, Published under Cement News

Following its recent acquisition by Germany-based Schwenk, Cemex Latvia will change its name to Schwenk Latvija, according to reports by the LETA news agency. Cemex generated a turnover of EUR86.92m in Latvia in 2018, an increase of 11.3 per cent from 2017. Annual profit amounted to EUR5.95m, compared to a loss in the previous year. The company sold over 1Mt of cement in 2018, of which 70 per cent was exported, mostly to Finland, Sweden and Estonia.

Building a stronger Cemex

26 March 2019, Published under Cement News

Fernando A González, Cemex's CEO, opened Cemex Capital Market Day on Wednesday, 20 March 2019 and stated that 'A Stronger Cemex' had been formed through a programme of accelerated deleveraging, bringing with it an improved credit rating and increased shareholder returns. The group achieved a top-line growth of six per cent in 2018 and generated US$1bn of free cash flow, which was used to reduce total debt by approximately eight per cent. This also enabled a dividend payment of US$150m, th...

Building a stronger Cemex

22 March 2019, Published under Cement News

Fernando A Gonzalez, Cemex's CEO, opened Cemex Capital Market Day on Wednesday, 20 March 2019 and stated that 'A Stronger Cemex' had been formed through a programme of accelerated deleveraging, bringing with it an improved credit rating and increased shareholder returns. The group achieved a top-line growth of six per cent in 2018 and generated US$1bn of free cash flow, which was used to reduce total debt by approximately eight per cent. This also enabled a dividend payment of US$150m, th...

Cemex to sell white cement plant to Çimsa

21 March 2019, Published under Cement News

Cemex has announced that it has reached a binding agreement with Çimsa Çimento to divest its white cement business, including its Buñol plant in Spain, for approximately US$180m. The final agreement is expected to be signed in April 2019, with the closure of the sale forecast for 2H19. The divestment does not include the company's white cement business in Mexico or the investment in USA-based Lehigh Cement. The deal is part of Cemex's ongoing restructure, with the potential proceeds to be m...

Cemex links up with Petuum Industrial for global AI order

21 March 2019, Published under Cement News

Cemex has entered into a global agreement with automation specialist Petuum Industrial to supply AI (artifical intellegence) Autopilot with autosteer in all cement plants worldwide for autonomous cement plant operations. The Petuum Industrial AI Autopilot product for cement plant operations are being deployed at select Cemex USA and Mexico plants and will continue to be rolled out in 2019. The AI technology will deliver real-time precise forecasts for key process variables, prescriptions ...

Cemex to invest EUR4.85m in Gijon cement plant

05 March 2019, Published under Cement News

Cemex plans to invest EUR4.85m (US$5.5m) in the construction of a cement plant and distribution centre in Gijón port, Spain. The facility will include two silos with a height of 43.5m and will be located in the second section of the Ingeniero Olano wharf. Each silo will have a capacity of 6000t of cement. Cement unloading will be carried out through a pipe at the end of the Olano wharf, which would run underground to the silos. The company plans to sell cement in bulk as well as in palle...

Cemex sells Broceni plant and Nordic assets to Schwenk Zement

20 February 2019, Published under Cement News

Cemex has announced that it has signed an agreement for the sale of assets in the Baltics and Nordics to Schwenk Zement for approximately EUR340m. The Baltic assets being divested consist of the 1.7Mta Broceni cement plant in Latvia, four aggregates quarries, two cement quarries, six ready-mix plants, one marine terminal and one land distribution terminal in Latvia. The assets divested also include Cemex's approximate 38 per cent indirect interest in the 1.8Mta Akmene cement plant in Lithu...

Cemex to establish distribution centre in northern Spain

15 February 2019, Published under Cement News

Cemex plans to build its first distribution centre in the north of Spain at Olano Wharf. The company has applied for a 2500m 2 concession in the port of El Musel for the new centre, which will incorporate a bagging plant and silos. Cemex already has a significant presence in the country, but only has facilities in Madrid, Aragón and the Mediterranean communities from Catalonia to Andalucia, the Balearic Islands, Ceuta and Melilla. Now the company wants to copete with Tudela Veguín in the...

Cemex profits benefit from a lower minorities charge

08 February 2019, Published under Cement News

Cemex' turnover improved by 1.7 per cent in 2018 to US$148,374.6m, while EBITDA eased by 0.6 per cent to US$1557.9m and trading profit fell by 6.9 per cent to US$1420.9m. However, the net interest charge dropped by 37.8 per cent to US$635.6m, as borrowings were reduced, giving a pretax profit 11 per cent higher at US$805.3m. The tax charge was 7.4 per cent after the previous year’s exceptionally charge. Minorities fell by 54.6 per cent, giving a net attributable profit 32.6 per cent lower at...

Cemex Latam net sales fall 7% in 4Q18

08 February 2019, Published under Cement News

Cemex LatAm Holdings (CLH) announced consolidated net sales of US$260m in 4Q18, a fall of seven per cent on the US$278m achieved in 4Q17. Operating EBITDA reached US$39m during 4Q18, down 24 per cent YoY. Consolidated cement volumes for the 4Q18 amounted to 1,679,000t, no change from 4Q17. Consolidated grey cement volumes registered 1,489,000t in 4Q18, marginally up from 1,485,000t in 4Q17. Ready-mix volumes declined in 4Q18 to 659,000m 3 , down seven per cent from 712,000m 3 in 4Q17. ...