Cement News tagged under: Cemex
Cemex creates strategic partnership with Energy Vault08 November 2018, Published under Cement NewsCemex Research Group AG will is creating a strategic partnership with Energy Vault of Switzerland to launch the first gravity-based energy storage system. Energy vault uses a crane to lift 35t concrete blocks with excess electricity, then discharges electricity when demand requires by lowering the blocks to turn turbines. Cemex is working on material applications which include the optimisation of various concrete-based materials that will support Energy Vault's system deployments globally.... |
Cemex's gearing continues to decline to 89%26 October 2018, Published under Cement NewsDuring the first nine months of the year, Cemex cement shipments improved by 3.2 per cent to 52.69Mt, while ready-mixed concrete deliveries advanced by 3.7 per cent to 40.07Mm² and aggregates shipments by two per cent to 112.59Mt. The company’s turnover was seven per cent higher at US$10,933.1m, while EBITDA was a marginal 0.4 per cent ahead at US$1956m. The trading profit improved by one per cent to US$1330m, while the net interest charge dropped by 35.5 per cent to US$591m. The pretax prof... |
Cemex Spain to close Gádor plant17 October 2018, Published under Cement NewsCemex Spain has announced the closure of its Gádor cement plant, which has been in operation since 1977. The closure of the cement works, announced via an employment regulation fire (ERE) to the works committees at the plant, will see the employment of 100 permanent and 200 temporary workers. The step follows the earlier statement that the company will also end operations at the Lloseta facility in the Balearic Islands. Cemex has said that the restructuring is a result of the current sl... |
South Ferriby Kiln 2 to start production in November20 September 2018, Published under Cement NewsCemex plans to start up its second kiln at the South Ferriby plant in north Lincolnshire, UK, in November 2018. Initially installed in 1973, the kiln has a capacity of 1000tpd and has seen significant investment over the year to ensure compliance with environmental legislation. A recent modernisation programme has seen the renewal of electrical infrastructure, control system and instrumentation. The kiln was the first to achieve 100 per cent substitution of fossil fuels with alternative ... |
Cemex would have investment grade until 202019 September 2018, Published under Cement NewsThe strategy to reduce the leverage level would allow Cemex to recover its investment grade in the first part of 2020, according to Citibanamex projections. "We expect the company to end 2018 and 2019 with a net debt/EBITDA ratio of 3.8 and 3.1 times, respectively. For the first half of 2020 the indicator would reach 3.0 times, excluding the sale of assets,” explains an analysis of the financial institution. However, the sale of assets would accelerate the process to obtain the investme... |
Cemex USA acquires Texas quarry13 September 2018, Published under Cement NewsCemex USA has purchased a limestone quarry in Chico, 45 miles northwest of Fort Worth in Texas, from Blue Star Materials II. Cemex will use the reserves which are expected to last another 25 years to supply aggregates for roads, bridges, commercial buildings, housing and other building projects in the state of Texas. The quarry covers 122ha. "The Dallas-Fort Worth area is expected to grow exponentially over the next 30 years," Cemex USA Regional President-Texas and New Mexico, Joel Galass... |
Cemex seeks increased exploitation of Can Negret quarry10 September 2018, Published under Cement NewsCemex has filed an appeal for reversal of the Government resolution regarding the cement producer’s exploitation of the Can Negret quarry in Alaró, Spain. Cemex extracts limestone from the quarry for its Lloseta cement plant and wants to exploit the quarry until 2042 (and to 2072 with an extension) and over an area of 483,734m 2 . The government has agreed only to a term until 2032 (2037 including the restoration phase) and over an area of 452,621m 2 . In addition, the extraction volume h... |
Cemex Costa Rica receives Wildlife Habitat Council Conservation Certificate06 September 2018, Published under Cement NewsThe Wildlife Habitat Council has awarded Cemex Costa Rica with the Conservation Certificate for the company’s support to the El Paso Monkey Biological Corridor. The project quantified the forest reserves at the quarries of the Colorado plant and obtained an inventory of tree species to identify the most suitable species for the reforestation of a 2ha area. In addition, the cement producer helped to set up a forest brigade and made an agreement with he National System of Conservation A... |
Mexican cement prices forecast to rise in 201804 September 2018, Published under Cement NewsCement prices in Mexico are expected to continue their rise this year. Cemex increased its cement price at the start and in the middle of the year by Cemex, "We have announced two price increases so far this year. The increase executed in cement was four per cent in the first six months of the year, compared to the same period of the previous year. In line with what we mentioned at the beginning of the year, we have adjusted our pricing policy to compensate for the impact of inflation," acco... |
Cemex's Davenport site still seeks new use16 August 2018, Published under Cement NewsCemex's Davenport facility in Iowa, USA, has remained empty since the plant was closed in 2010. Cemex maintains ownership of the plant, and while it has been in negotiations to sell the site, the talks with an aviation company have stalled. The preferred bidder, Joby Aviation, is no longer planning to move its production to part of the empty 104-acre Cemex site, founder and CEO, Joe Ben Bevirt confirmed Monday. Instead, the company is in talks with the city of Marina to open a new product... |