Cement News tagged under: Cemex
Mexico's construction industry contracts in the 3Q1904 December 2019, Published under Cement NewsMexico's construction industry contracted 6.6 per cent YoY during the third quarter of 2019, its worst period since the first quarter of 2009, due to lack of public work and fewer Infrastructure. Cement production in Mexico fell by 12.1 per cent in September to 3.160Mt, compared with the year before, according to Instituto Nacional de Estadistica Y Geografia (INEGI). In the year to September 2019, accumulated cement volumes reached 29.801Mt, representing a fall of 21.1 per cent. The decl... |
Cemex reportedly looks to sell stake in Louisville plant22 November 2019, Published under Cement NewsCemex is reportedly looking for a buyer for its controlling interest in the Kosmos cement plant in Louisville, Kentucky, USA. The company is working with Bank of America Corp and Citigroup Inc on the sale of its 75 per cent stake, said the unnamed sources for El Financiero. The remaining stake in the company is owned by Buzzi Unicem. The sources also noted that no definitive decisions have been made and the deliberations may not lead to a transaction. |
Cemex subsidiary to enter Chinese market20 November 2019, Published under Cement NewsCemex's venture capital unit has announced that it will be entering the Chinese market through a partnership with Glodon, a local provider of digital platform services for the industry, and Interdream Ventures, a venture capital firm seeking to digitise the construction and decoration industries. "This type of alliance between two joining segments is key to finding new successful business models and operating in the Chinese market," said Juan Nieto, Cemex Ventures' representative in Asia. ... |
Fire put out at Cemex's Rugby cement plant06 November 2019, Published under Cement NewsSome 50 fire fighters and eight fire engines were called to Cemex's Rugby cement plant in Warwickshire, UK, at 2.15am on 5 November to put out a fire that had spread to four storeys of the 70m-high preheater tower. The blaze centred around a conveyor belt. A spokesman from Cemex said, "Cemex confirms there was a fire at the Rugby cement plant in the early hours of 5 November. We are grateful for the attendance of the fire service who brought the incident under control rapidly and limited t... |
Cemex reports 4% decline in net sales for 3Q1925 October 2019, Published under Cement NewsCemex has reported consolidated net sales of US$3.5bn in the 3Q19, representing a decrease of four per cent YoY, or one per cent on a like-for-like (LfL) basis for the ongoing operations and adjusting for foreign-exchange fluctuations. Higher prices for its products, in local currency terms, in all regions were more than offset by the lower volumes seen in Mexico and the Asia, Middle East and Africa region. Operating EBITDA over the same period fell by nine per cent to US$681m. Consolidated ... |
Cemex plants receive US EPA Energy Awards11 October 2019, Published under Cement NewsCemex announced that its cement plants in Miami and Brooksville South have been awarded the US Environmental Protection Agency's (EPA) Energy Star Certification for 2019, recognising Cemex's efforts to reduce energy efficiency and sustainability. The Miami cement plant has been recognised for nine consecutive years by the EPA and the Brooksville South plant has achieved such recognition in seven out of the last eight years. To earn the recognition, operations at each plant followed energy-e... |
Cemex included in Dow Jones Sustainability MILA Pacific Alliance Index30 September 2019, Published under Cement NewsCemex SAB de CV has been included for the third-consecutive year in the Dow Jones Sustainability MILA Pacific Alliance Index thanks to its leadership in sustainability. Cemex was chosen after an assessment of the company’s business practices, recognising its performance on environmental, social, and governance criteria. “We are honoured to be included in the Dow Jones Sustainability MILA Pacific Alliance Index, underscoring the key role that sustainability plays in our strategy,” said Vi... |
Cemex launches CemSlag™ eco-friendly cement27 September 2019, Published under Cement NewsCemex USA has launched a new product called CEMSlag™ which is a new eco-friendly binder suitable for concrete. Made from blastfurnace slag, the material is finely ground to provide a durable cement solution for high-quality concrete. CEMSlag™ has a lower CO 2 footprint than ordinary Portland cement and offers multiple benefits including lower permeability for increased resistance to chemical attack, reduced hydration thereby reducing thermal cracking and in many cases, high 28-day compre... |
Cement prices fall in Mexico City20 September 2019, Published under Cement NewsMexico City’s cement prices have fallen in September compared to June 2019, according to a survey conducted by Morgan Stanley Casa de Bolsa. Holcim Mexico recorded a 17 per cent lower price in September compared to three months earlier, followed by Cementos Moctezuma with a decrease of 13 per cent. "Our data show an image of interesting nuances for pricing between different players in Mexico City, but it is important to note that it is a small sample," said Nikolai Lippmann and Alejandra O... |
Cemex invests in building materials delivery start-up16 September 2019, Published under Cement NewsCemex Ventures, the venture capital business of Cemex, has announced it has invested in GoFor Industries, a logistics marketplace for on-demand delivery of building materials and equipment for the DIY and construction industries. GoFor Industries is a start-up company founded in 2016 with operations in the USA and Canada. By 2020 GoFor is expected to expand to 20 major market areas in the USA. Gonzalo Galindo, CEO of Cemex Ventures, said, “With this investment, we seek to improve a criti... |