Cement News tagged under: Cemex
Cemex reaffirms commitment to improving air quality09 September 2020, Published under Cement NewsFollowing up on the celebration of the United Nations "International Day of Clean Air for blue skies" Cemex has reaffirmed its commitment to the goal of improving air quality in cities and surrounding areas. Cemex has invested over US$280m since 2013 in technology to measure, control, and mitigate the gas and particle emissions in its operations. Through this continuous investment, the company has introduced international standards consistent with the world's strictest emissions regulation... |
CMA raises competition concerns over Breedon and Cemex deal26 August 2020, Published under Cement NewsBreedon’s purchase of certain Cemex assets has raised competition concerns in the supply of building materials in some parts of the UK, the Competition & Markets Authority (CMA) has found. Breedon announced in January 2020 that it had agreed a GBP178m deal to buy approximately 100 Cemex sites, including aggregates quarries, ready-mixed concrete facilities, asphalt plants and a cement terminal, across the UK. Following its initial Phase 1 investigation, the CMA found that the deal gives ri... |
More jobs to go at South Ferriby20 August 2020, Published under Cement NewsAnother 26 jobs will go at Cemex's mothballed South Ferriby Cement plant after a review of the tanker fleet. The plant in north Lincolnshire, UK, lost 110 jobs last month and the latest job losses come after the tanker drivers have had a consultation about the non-viability of their operations with the manufacturing site no longer producing cement. Cement production has been shifted to the company's Rugby, Tilbury and Hull sites, which remain operational. The latest job losses concern 25 dr... |
Breedon completes asset acquisition from Cemex03 August 2020, Published under Cement NewsBreedon has completed completion the acquisition of certain assets and operations from Cemex, as announced on 8 January 2020. As previously indicated, the Competition and Markets Authority (CMA) has instructed that these assets should be held separate from Breedon until it has completed its investigation. Accordingly, the assets will be operated as Pinnacle Construction Materials (Pinnacle), a newly-created ring-fenced business led by an independent management team and operating from its o... |
1H20 results show regional impact of coronavirus on cement demand31 July 2020, Published under Cement NewsThis week, the cement industry majors have been announcing their business results for the first half of 2020. The business results of Dangote Cement, Cemex, UltraTech, HeidelbergCement, Titan and Vicat give the first clear indications of how the cement sector has been impacted and responded to the COVID-19 pandemic in various regions of the world. Africa Dangote Cement was first to announce its 1H20 results and announced a two per cent growth in revenue to NGN476.9bn (US$1.23bn). April... |
Cemex sales decline by 10% in 2Q2028 July 2020, Published under Cement NewsCemex reported significant disruption from COVID-19 in 2Q20. Sales declined by 10 per cent YoY and EBITDA fell by six per cent to US$554m. These decreases were attributed to lockdown measures. The decline in quarterly consolidated net sales was due to lower volumes for the company's three core products in almost all regions. The USA was the one exception with cement volumes growing six per cent. Net operating earnings before other expenses decreased 17 per cent to US$279m on a like-for-li... |
Cemex launches Vertua® low-carbon concrete24 July 2020, Published under Cement NewsCemex has launched Vertua® a low-carbon concrete range of products designed to offset residual CO 2 and provide a CarbonNeutral® concrete product. Vertuar achieves a 70 per cent reduction in embodied carbon emissions, claims Cemex. The range offers concrete solutions for foundations, floors and walls of buildings. "Vertua® is part of our ambition to deliver net-zero CO 2 concrete globally to all of our customers by 2050. It is also part of our effort to accomplish a 35 per cnet reduction... |
Cemex to help take FastCarb to the industrial level17 July 2020, Published under Cement NewsCemex is participating in the IREX-administered FastCarb project that will capture CO 2 in concrete, which is then used in aggregate. The scheme will improve the quality of this type of recycled aggregate by plugging the porosity and leading to a greater understanding of the accelerated carbonisation mechanism for recycled concrete aggregates. Started in 2016, FastCarb works to design and implement an accelerated carbonisation process at pre-industrial scale to store CO 2 in recycled conc... |
Cemex confirms decision to close Ferriby plant15 July 2020, Published under Cement NewsFollowing consultations with employee representatives and Unite the Union, Cemex has confirmed that it will be mothballing its South Ferriby plant in north Lincolnshire, UK. Approximately 110 employees who are currently based at the plant will be affected, with the majority of redundancies said to be taking place in July, according to a statement. However, customers will continue to be supplied from the company’s existing cement network. "Cemex remains committed to the UK and its Europe... |
Preparing for a financial crisis30 June 2020, Published under Cement NewsDr Michael Clark looks at how the global health emergency of the COVID-19 pandemic is expected develop into a financial crisis, and the potential impacts of this for the cement industry. By looking back over the past 30 years, we can see the effects the Asian financial crisis and the global financial crisis had on the sector. With this in mind, what can we expect in the near future? The Asian financial crisis originated in Thailand and was fuelled by credit extensions made to suppo... |