Cement News tagged under: Cemex
Cemex's climate action strategy04 December 2020, Published under Cement NewsCemex hosted its Climate Action webinar on Thursday 3 December 2020. It included an outline of how Cemex was looking to achieve its 2030 roadmap to reduce CO 2 emissions and the company's 2050 ambition to deliver net-zero concrete globally. The panel discussion is the first of several such forums the company aims to host as it commits to the challenge of taking on climate action. "In September 2020, Cemex launched its medium term strategy 'Operation Resilience' in which sustainability as... |
Philippines: poised to rebound?02 December 2020, Published under Cement NewsHaving being one of southeast Asia’s strongest performers in recent years, the Philippines construction and cement industries have been hit by the impact of COVID-19 during the 1H20. However, the easing of restrictions, some positive economic indicators and pent-up demand could lead to cement consumption bouncing back in 2021. By Jagdeep Verma, Holtec Consulting, India. Holtec India endeavours to examine the impact of COVID-19 on the Philippines cement industry and share its views ... |
Cemex awarded grant for carbon capture project at Balcones plant10 November 2020, Published under Cement NewsCemex has been awarded a grant to research and develop carbon capture technology at its Balcones cement plant in Texas, USA. Cemex is partnering with Membrane Technology & Research Inc in an 18-month study that will trial a new membrane technology to capture CO 2 . "At Cemex, sustainability is embedded in our operations, and we are constantly looking for opportunities to reduce our carbon footprint,” said Jaime Muguiro, Cemex USA president. "We strive to develop and gradually adapt new te... |
Trinidad Cement appoints new CEO10 November 2020, Published under Cement NewsTrinidad Cement Ltd (TCL) has appointed Francisco Aguilera Mendoza as its new CEO, effective from 1 December 2020. Mr Mendoza, who was appointed to the board in 2014, currently serves as deputy chairman and will also continue in that role. The new CEO is also the vice president of Trading Americas and Group Shipping for Cemex and is thereby responsible for the trading of cement and clinker in the Americas, including in the Caribbean. Seijo Gonzalez, CEO of TCL since May 2015, is expect... |
Cemex and Carbon Upcycling to increase industrial waste use04 November 2020, Published under Cement NewsCemex SAB de CV has signed an agreement with Carbon Upcycling Technologies to improve processing of residue or byproducts from industrial processes and to capture CO 2 to produce nanomaterials and low-CO 2 concretes. Cemex Ventures will work with Carbon Upcycling Technologies to increase the 3Mta of industrial residue that Cemex uses for cement and concrete additions, and therefore reduce the volumes being sent to landfill. The initiative will increase the reactivity of industria... |
Cemex sees net sales rise to 3% to US$3.436bn in 3Q2029 October 2020, Published under Cement NewsCemex SAB de CV has announced its 3Q20 results with net sales increasing by three per cent on a like -for-like (LfL) basis to US$3.436bn, while EBITDA rose by 15 per cent to US$728m. Net operating earnings, before other expenses, rose by 20 per cent to US$453m on a LfL basis. Net debt plus perpetual notes fell by US$504m versus the previous quarter. Net sales in Mexico rose by 14 per cent on a LfL basis to US$723m. Operating EBITDA rose 16 per cent to US$246m on a LfL basis, versus... |
Cemex launches carbon-free Virtua® concrete28 October 2020, Published under Cement NewsCemex SAB de CV has announced that its first net-zero carbon concrete called Vertua ® will soon be available worldwide. Vertua ® is a family of low-carbon products and the first net-zero CO 2 concrete will be used in several European countries in flagship infrastructure projects. Virtua ® has been developed with an innovative geoploymer binder solution created by Cemex's Research and Development Centre in Switzerland. This solution has a reduced carbon footprint of 70 per cent with... |
Cemex exported 9% of Mexican output in 201926 October 2020, Published under Cement NewsCemex exported nine per cent of its Mexican cement sales in 2019. according to CE NAFTA 2.0. The company’s data show that 67 per cent of exports were delivered to US customers while the remaining 33 per cent were shipped to other Latin American countries. Exports were mainly in the form of cement although the company also shipped some clinker. |
Cemex secures green financing14 October 2020, Published under Cement NewsCemex SA de CV has closed the amendment process under its facilities agreement, dated 19 July 2017. Cemex is extending US$1.1bn of term loan maturities by three years from 2022-25 and approximately US$1.1bn of commitments under the revolving credit agreement by one year from 2022 to 2023. Cemex is also prepaying US$530m corresponding to the July 2021 amortisation under the facilities agreement to institutions participating in the extension. The Mexican company will renominate US$313m of ... |
Hoffmann Green Cement signs supply contract with Cemex12 October 2020, Published under Cement NewsHoffmann Green Cement Technologies has signed a three-year contract with Cemex France to supply low-carbon and clinker-free cements on the ready-mix market. For the Ile-de-France and Aquitaine regions, Hoffmann Green will supply Cemex with the low-carbon cement resulting from its H-UKR and H-EVA technologies, enabling CO 2 emissions to be divided by five compared with the use of traditional cement. "The signing of this structuring contract with Cemex France today enables us to achieve... |