Cement News tagged under: Cemex

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Cemex UK has launched Vertua® ultra zero – a carbon neutral concrete

25 February 2020, Published under Cement News

Cemex UK claims to have launched the UK's first ready-mix concrete that is a carbon-neutral product. The Vertua ® low-carbon concrete range can offset any residual CO 2 to provide a carbon-neutral product, in accordance with The CarbonNeutral Protocol, says Cemex UK. The range features a variety of bespoke concrete mix designs and includes the Vertua ultra zero option, which is a CarbonNeutral product. This product achieves a 70 per cent reduction in embodied carbon emissions, with the re...

Cemex announces new climate action strategy

20 February 2020, Published under Cement News

Cemex has announced a new Climate Action Strategy to outline the company's vision to advance towards a carbon-neutral economy and to address society's increasing demands more efficiently. To date Cemex has reduced its specific CO 2 emissions by more than 22 per cent compared to the company's 1990 baseline. Now it has defined a more ambitious target of a 35 per cent reduction of specific net CO 2 emissions by 2030. This way the goal is aligned with the Science-Based Targets methodology, a ...

Cemex records flat net sales of US$3.3bn in 4Q19

13 February 2020, Published under Cement News

Cemex announced that its 4Q19 net sales remained flat at US$3.3bn and fell for the full year by one per cent to US$13.1bn. Operating EBITDA, on a like-for-like basis, fell by 15 per cent in 4Q19 to US$554m and fell by 10 per cent for the full year to US$2.4bn. Cemex attributed the fall in net sales lower volumes in all regions, which higher prices in local currency were unable to offset. Net operating earnings before other expenses in 4Q19 decreased by 31 per cent to US$282m and were down b...

Cemex Colombia extends O&M contract with Wärtsilä

13 February 2020, Published under Cement News

Cemex Colombia has awarded Wärtsilä the four-year extension to the operation and maintenance (O&M), marking a 25-year continuous partnership by 2023. The 26MW Caracolito Cemex power plant operates on five Wärtsilä 18-cylinder 34SG engines in V-configuration running on natural gas. It provides a reliable electricity supply to power the cement facility’s day-to-day production requirements. In addition to reliability, Wärtsilä’s continued O&M services ensure, among other things, optimised and...

CDP raises Cemex rating on climate change leadership

30 January 2020, Published under Cement News

CDP has raised its rating of Cemex from B in 2018 to A- in 2019 for the company's commitment to climate protection. The rating covers Cemex's improvement in governance, risk management, CO 2 emissions reduction initiatives, low carbon products and value chain engagement. "We are very pleased not only that our CDP score has improved, but also that it reflects our company's continued effort to achieve a robust climate change strategy, which is helping us to reduce our operations' CO 2 footp...

Nexe Grupa reportedly looks to acquire Cemex Croatia

29 January 2020, Published under Cement News

Croatia’s Nexe Grupa is reportedly interested in acquiring the local unit of Cemex, which is still for sale following HeidelbergCement’s bid to buy it several years ago, according to Croatian media reports. Representatives from Nexe visited the headquarters of Cemex Croatia to carry out due diligence of the business, according to Slobodna Dalmacija. Cemex Croatia's assets comprise of three cement plants, two aggregate quarries and seven ready-mix plants. In 2015 Cemex signed an agreeme...

Cemex to invest MXN10bn in Tepeaca expansion

27 January 2020, Published under Cement News

Cemex is investing MXN10bn (US$530m) in the expansion of its cement works in Tepeaca, Puebla, according to the group’s President, Grupo Cemex. The expansion of the plant aims to meet the demand of central and southern Mexico. Following the expansion, the cement works will have a capacity of 4.5Mta. According to the company the new project, along with 15 existing plants throughout Mexico, shows its commitment to the development of the country.

Cemex set to divest certain UK assets to Breedon Group

08 January 2020, Published under Cement News

UK-based Breedon Group has announced that it has entered into a conditional agreement with Cemex to acquire certain assets and operations in the UK for a total consideration of GBP178m, on a cash and debt free basis. The assets encompass approximately 100 active operations, including 49 ready-mix plants, 28 aggregate quarries, 4 depots, 1 cement terminal, 14 asphalt plants and 4 concrete products operations. The operations are located across six divisions located in Scotland, Wales, north-...

Cemex to build terminal in El Musel port

23 December 2019, Published under Cement News

The Port Authority of Gijón granted Cemex a 30-year concession of 2477.72m 2 of land at the Olano Pier in the port of El Musel, Spain. The Mexico-headquartered cement producer plans to build and operate a port terminal to receive, store and distribute cement and derived products. Plans include the construction of several warehouses, a loading bay and a bagging facility in the next 10 months. As a result, it will compete directly in northern Spain with Tudela Veguín , which recently ope...

Cemex Holdings Philippines plans new share sale

16 December 2019, Published under Cement News

The Philippine Stock Exchange has approved Cemex Holdings Philippines’ plan to raise as much as PHP12.6bn (US$250m) from the sale of new shares to existing investors. The company is expected to price its rights offering on 6 January 2020 and launch the offer from 20-24 January next year. Listing of the new shares is tentatively set for 4 March 2020. The new shares will come from an increase in Cemex Philippines’ authorised capital stock from PHP5.195bn to PHP18.31bn, consisting of 18.3...