Cement News tagged under: Cemex
Cemex expands ready-mix portfolio in Texas17 February 2021, Published under Cement NewsCemex USA is expanding its operations in Texas with the acquisition of a ready-mix business in San Antonio. Cemex acquired the ready-mix assets of Beck Readymix Concrete Co Ltd, including three strategically located ready-mix concrete plants and one portable plant to service the San Antonio metropolitan district and surrounding area. "Texas is experiencing explosive growth, and Cemex has repeatedly shown it is ready to make moves to help fuel it," said Scott Ducoff, Cemex USA Texas reg... |
Cemex Philippines records net income of PHP98m in 202016 February 2021, Published under Cement NewsCemex Holdings Philippines Inc reported a 23 per cent weaker net income of PHP985m (US$20.54m) in 2020 from PHP1.3bn in 2019, as the coronavirus impacted its operating earnings. The listed company’s consolidated net sales also dropped by 16 per cent last year to PHP19.7bn from PHP23.6bn in the previous year. The COVID-19 pandemic slumped the firm’s domestic cement volumes by 11 per cent YoY in 2020, while its domestic cement volumes in the fourth quarter shed nine per cent YoY due to advers... |
Cemex reports 10% rise in 4Q20 cement volumes12 February 2021, Published under Cement NewsCemex S AB de CV reports that in the 4Q20 EBITDA grew by double-digit growth YoY. Consolidated net sales increased by nine per cent to US$3.537bn, an increase of one per cent for the full year of 2020 when compared with 2019. Operating EBITDA rose 19 per cent in the 4Q20 to US$644m. Operating EBITDA margin rose by 1.2 percentage points to 18.2 per cent. Foreign debt declined by US$1027m in 2020. "2020 was one of the most challenging years we have faced but itv was also a remarkable ye... |
Cemex appoints representative to the Brandenburg Sustainability Advisory Board11 February 2021, Published under Cement NewsCemex SAB de CV has appointed Rudiger Kuhn as the Representative of the Economy on the Sustainability Advisory Board for the Federal State of Brandenburg, Germany. Rudiger Kuhn has worked at Cemex for more than 25 years and is the Chairman of the Board of Cemex Germany and Vice President of Materials for Central Europe. Brandenburg is embracing the EU's 'Green Deal' economic change and the national phasing-out of coal strategy. National funding of more than EUR3.6bn is being made av... |
Cemex is awarded CO2 capture grant from DoE09 February 2021, Published under Cement NewsCemex SAB de CV has announced that its US operations have been awarded a grant from the US Department of Energy (DoE) to research, engineer and develop a pilot for a breakthrough carbon capture unit. The project, anchored to Cemex’s Victorville cement plant in California, will also contemplate cost-competitive solutions to completely close the loop on current carbon emissions. In this initiative led by non-profit research institute RTI international (RTI), Cemex is joining forces with UK-... |
Cementos Argos wins the silver medal in the sustainability marathon09 February 2021, Published under Cement NewsThanks to its good social, environmental, and corporate governance practices, Argos, Grupo Argos’ cement company, received the Silver Class distinction in the RobecoSAM Sustainability Yearbook 2021, for having been included in the Dow Jones Sustainability Index. "Being included for the eighth year in the RobecoSAM Sustainability Yearbook encourages us to maintain our high sustainability standards and allows us to continue improving every day so that we can continue contributing to the... |
Cemex announces plan to address US cement shortage03 February 2021, Published under Cement NewsCemex has announced plans to optimise its supply chain to address cement shortages experienced throughout the western US. The project will leverage the company’s supply chain synergies in North America to alleviate cement shortages and project delays in California, Arizona and Nevada, according to a press release. The plans involve investing approximately US$15m to recommission a kiln with a production capacity of about 1Mta at the CPN cement plant in Hermosillo, Sonora, Mexico. This inve... |
Cemex supplies largest maintenance airport in Europe27 January 2021, Published under Cement NewsCemex is supplying cement and concrete for the Teruel Airport Platform, the largest maintenance, repair and operations airport in Europe. Cemex has supplied 30,000t of cement required to produce 100,000Mm 3 of concrete to build two new hangars, the expansion of the parking arae, a runway of around 3km and industrial zone, terminals, amongst other facilities for the Spanish airport. |
Cemex UK invests in packaging technology13 January 2021, Published under Cement NewsCemex has confirmed an investment of over GBP5m into two new plastic packing lines for packed cement at its Rugby Cement plant. This will significantly increase its capacity for producing packed cement and allow the business to provide long term surety of supply to its customers, said Cemex UK. Since Cemex entered the plastic packed cement market in 2011, it has seen demand greatly increase YoY, and this investment will enable the company to meet existing and future customer requiremen... |
Record production at Caribbean Cement in 202011 January 2021, Published under Cement NewsCaribbean Cement Company (TCL/Cemex group) says it reached a new record in 2020 by manufacturing more than 940,000t of cement in response to market demand in Jamaica. "The market responded opposite to what might have been expected given the pandemic. Instead of slowing down, construction grew, and we kept in step with our customers by meeting their demand consistently. We will continue to ramp up production as the market grows," said Yago Castro, general manager of Caribbean Cement Ltd ... |