Cement News tagged under: Cemex
Cemex helps build new Sinai tunnel connection24 May 2018, Published under Cement NewsThrough a joint venture with Orascom Construction and The Arab Contractors (Osman Ahmed Osman & Co), Cemex is supplying 350,000m 3 of concrete and 160,000t of cement for the construction of two tunnels that extend from the outskirts of the city of Port-Said in northeast Egypt to the Sinai Peninsula, passing under the Suez Canal. The project is part of the Egyptian government's plan for the development of the Sinai Peninsula by improving accessibility. Historically, the only access to Si... |
Cemex invests in health & safety app17 May 2018, Published under Cement NewsCemex Ventures announced it invested in Prysmex, a Mexico-based start-up that offers an app to detect and helping to prevent workplace accidents through the Internet of Things and real-time data collection. Prysmex’s innovative solution features a web-based platform with a collaborative management app that monitors the environmental and geolocation variables of unsafe acts and conditions on customised 3D maps, enabling real-time decision-making and increased industry safety and productivit... |
Cemex Croatia is supporting Montenegro infrastructure projects10 May 2018, Published under Cement NewsCemex Croatia is actively participating in Montenegro's infrastructure boom by supplying building materials for several infrastructure projects, including three mixed-use resorts and a highway. For the Smokovac-Mateševo section of the Bar-Boljare highway – the largest engineering project currently under development in Montenegro – Cemex has already supplied over 280,000t of cement and continues to participate in this project. This 41km-long section of highway, part of Bar-Belgrade-... |
Cemex Philippines sees 6% in 1Q turnover27 April 2018, Published under Cement NewsCemex Philippines 1Q18 turnover amounted to US$113.6m, an increase of six per cent, while in peso terms this amounts to a 9.9 per cent advance to PHP5891m. EBITDA declined by 17.3 per cent to PHP886m, which translates into a 20.1 per cent reduction to US$17.1m. The pretax profit dropped by 77.4 per cent to US$2m and the net attributable loss was odd by 72.3 per cent to US$1.9m. Cement shipments increased by 16 per cent as production volume advanced by 19 per cent thanks to the de-bottlen... |
Cemex reports increase in net sales in 1Q1827 April 2018, Published under Cement NewsCemex has announced a 92.3 per cent YoY fall in profit for the 1Q18, decreasing from US$336m to US$26m. The sharp decline has been attributed to higher operating expenses and foreign exchange loss. Operating EBITDA declined four per cent to US$535m, while the EBITDA margin was down 1.9 per cent YoY at 18.8 per cent. However, the company has recorded an eight per cent increase in overall net sales to US$3.38bn from US$3.14bn. Consolidated cement volumes increased by one per cent to 1... |
Cemex Latin American Holdings hurt by lower volumes in Colombia and Panama27 April 2018, Published under Cement NewsCemex Latin American Holdings' turnover declined by 8.4 per cent in first quarter of the year to US$301.1m, while EBITDA came off by 28.8 per cent to US$65.9m. At the trading level there was a 36 2. per cent profit reduction to US$44.1m. After an 11.4 per cent decline in the interest charge to US$14.8m and other items, the pretax profit showed a 15.9 per cent reduction to US$48.2m and the net attributable profit emerged 15.3 per cent lower at US$30m. Net debt at the end of March was 3.4 ... |
Cemex: Mexican cement market to grow 3% in 201824 April 2018, Published under Cement NewsMexico’s cement market is forecast to grow by 2-3 per cent, according to Cemex CEO, Fernando González. While construction of housing is expected to advance only modestly, the commercial and industrial building segments are envisaged to show sufficient growth. Infrastructure will also account for 25 per cent of cement offtake. “I wish we could do much more in infrastructure. I think that what is possible is usually invested as a function of the government programs and the works are pro... |
Cemex Go is launched in the UK12 April 2018, Published under Cement NewsCemex UK has introduced the first fully-digital customer integration platform onto the UK construction and building market this week, which it claims will revolutionise the way in which the industry does business. Cemex Go uses the latest digital-industrial technology available through desktops and mobile devices to allow customers to place orders, track shipments, manage invoices and make payments for Cemex's building products including bagged and bulk cement, ready-mixed concrete and agg... |
Cemex Day 201823 March 2018, Published under Cement NewsCemex CEO, Fernando Gonzalez, opened the Cemex Day 2018 on 15 March, claiming that over the last four years they had built a stronger company, including achieving a US$6bn debt reduction and the highest net income in a decade at US$800m. Troubling countries for Cemex were Colombia and Egypt, but the multinational still delivered EBITDA of US$2.6bn in 2017. The company also announced US$250m strategic capex spending for 2018, targetting assets in the emerging cement markets of Brazil and... |
Cemex not to pursue capital increase23 March 2018, Published under Cement NewsCemex announced it will not pursue its earlier-announced planned capital increase following consultation with its shareholders. “As we discussed on Cemex Day, our management team’s priority is to achieve an investment grade capital structure, as the foundation of our value creation strategy” said CEO, Fernando Gonzalez. “We are highly focussed on our long-term strategic objective of maximising shareholder value. After listening to the feedback from our shareholders, we have decided not t... |