Cement News tagged under: Cemex
Cemex launches its Sustainability-Linked Financing Framework08 September 2021, Published under Cement NewsCemex has launched its most comprehensive 'Sustainability-Linked Financing Framework' to date. The framework further aligns Cemex's sustainability commitments to its financing strategy, as part of its Future in Action programme. Cemex's guiding principles for new sustainability-linked financing instruments, including public bonds, private placements, loans, derivatives, working capital solutions and other financing instruments are set out in the framework. "Climate change is one of the... |
Cemex's aggregate production returns to Alabama20 August 2021, Published under Cement NewsCemex is investing more than US$6m in its new Brierfield aggregates plant to produce high-quality aggregates for Alabama, USA. The Brierfield plant is the latest addition to Cemex USA and Ready Mix USA's strong network in the state that consists of one cement plant, three cement terminals and more than 30 ready-mix concrete plants. The Brierfield plant, which is located approximately one hour from Birmingham, Alabama, began operations in June 2021, processing aggregates under the name ... |
Industry majors see success in the 1H2106 August 2021, Published under Cement NewsThis week we are taking a look at the first-half results of the cement industry majors, which have all seen a strong overall performance during the course of the year to date. Overall results Record results were posted by several major cement companies during the 1H21. Holcim saw net sales climb 16.6 per cent like-for-like (LfL) to CHF12.556bn (US$13.82bn), while HeidelbergCement posted a 11 per cent advance in group revenue to EUR8.938bn (US$10.55bn). Elsewhere, Cemex recorded a 22 per c... |
Cemex to expand capacity at its Rockfort plant by 30%06 August 2021, Published under Cement NewsCemex plans to upgrade and increase the production capacity by 30 per cent of its Rockfort cement plant in Jamaica. This planned increase would strengthen the self-sufficiency of the national cement industry, reduce dependency on cement imports and reinforce CCCL’s ability to serve the growth of the construction sector in Jamaica and the Caribbean. Cemex anticipates that once this planned expansion is finished, CCCL will increase its existing cement production capacity by approximately... |
Cemex Ventures helps Carbon Clean raise US$8m for carbon capture projects04 August 2021, Published under Cement NewsCarbon Clean has raised US$8m from new investor Cemex Ventures and existing investors Equinor Ventures, ICOS Capital and WAVE Equity Partners. The capital raise extends Carbon Clean's successful US$2m Series B investment round , brings the total value of the round to US$30m. "We're delighted to have Cemex as an investor and its backing further confirms the growing value of our technology proposition, as well as expanding confidence of strategic investors," said Aniruddha Sharma, Carb... |
Cemex joins global alliances on climate change initiatives03 August 2021, Published under Cement NewsCemex SAB de CV has signed the Business Ambition for 1.5°C commitment, led by the We Mean Business Coalition in partnership with the Science Based Targets initiative (SBTi), and the UN Global Compact. With this commitment the company has joined UNFCCC's The Race to Zero Campaign. The decision to join these two major global alliances reinforces the company’s commitment to climate action. The Race to Zero campaign was launched to mobilise net-zero commitments from cities, businesses, an... |
Cemex set to reach its 2021 EBITDA guidance of US$3.1bn02 August 2021, Published under Cement NewsAfter Cemex reported strong 2Q21 results and reiterating US$3.1bn EBITDA guidance for 2021, market analysts UBS state that it has confidence that the company will reach its 2021 EBITDA guidance of US$3.1bn. This was the company's strongest financial performance in the last decade. In Mexico Cemex recorded positive results in the 2Q21 mainly on the back of strong volumes and prices. Net sales in Mexico increased 65 per cent YoY and EBITDA expanded 82 per cent YoY, driven by bagged cement... |
Cemex begins international green hydrogen project15 July 2021, Published under Cement NewsCemex, renewable energy company Enertrag, and electrolysis company Sunfire are launching 'Concrete Chemicals', a new hydrogen project to decarbonise the cement industry. Together with industrial and academic partners, the international consortium has submitted a funding application under the German Federal Ministry for Environment, Nature Conservation and Nuclear Safety (BMU) funding call to receive financial support for the challenging start-up phase of the project. Concrete Chemicals... |
Cemex completes Buñol cement plant sale12 July 2021, Published under Cement NewsCemex has announced that it has successfully closed the previously announced sale of its white cement business, including its Buñol cement plant in Spain, to Çimsa Çimento Sanayi Ve Ticaret AS, for a total consideration of approximately US$155m. Cemex will retain its white cement assets, business activities and investments in Mexico and the United States, as these are not part of the announced divestment. Proceeds from this divestment will be used primarily to fund the company’s bolt-o... |
Cemex's new growth phase02 July 2021, Published under Cement NewsCemex Day was held last week and looked at the company's investment and sustainability strategy going forwards. One of the most significant developments for the company is it reaching an investment-grade (IG) capital structure by the end of June. "We believe that we currently have the best market outlook in years, and that we are entering a period of sustainable growth. We can turn the page on what has been a lengthy chapter for Cemex and open a new book where we consolidate our recent a... |