Cement News tagged under: Cemex
Cemex Colombia to pay SIC fine, object via litigation08 January 2018, Published under Cement NewsCemex Colombia announced that it proceeds to pay the value of the fine imposed by the country's Superintendency of Industry and Commerce (SIC) in September 2013, amounting to the sum of US$25.3m. The investigation is in line with Resolution 81391 of 11 December 2017 which saw the SIC fine Cemex Colombia, along with Cementos Argos and Holcim Colombia) and to six individuals for price fixing of grey cement in the national market. The company decided not to file an appeal for reversal ag... |
Cemex receives environmental approval for Solid Cement expansion18 December 2017, Published under Cement NewsCeemex has been given the all clear from the Department of Environment and Natural Resources (DENR) for the its proposed expansion of its cement plant the Antipolo City, Rizal, Philippines. The Solid Cement Corp (SCC) plant will be expanded by 1.5Mta, doubling cement capacity at the facility with the new line. Cemex Holdings Philippines (CHP) signed a contract with CBMI Construction Co Ltd to commence the first phase of SCC's expansion project in Antipolo City in May 2017. |
Cementos Argos, Cemex and Holcim fined COP200bn13 December 2017, Published under Cement NewsColombia has fined Cementos Argos, Cemex and Holcim over COP200bn (US$66m) for fixing prices, according to Reuters. The fine has been applied to the companies and some of its managers. In total, the companies represent 96 per cent of Colombia’s cement market and allegedly agreed to set prices between January 2010 and December 2012. Cement prices in this period increased 29.9 per cent whilst inflation was just 9.3 per cent. Holcim released a statement protesting the fine applied by the ... |
Cemex receives waste tyre hoard in Queretaro08 December 2017, Published under Cement NewsCemex is taking used tyres off the street in Santiago de Queretaro, Mexico, thanks to a local authority initiative to clean up tyres left on vacant urban land and in the drainage system of the city. The Mayor Marcos Aguilar Vega announced that up to 3905 wheels were collected during the first Llantaton 2017, held a few weeks ago, and that add to that are harvested during the year. "So as in alliance with tire companies and a cement factory, these programme are made to remove the tyres ... |
Schneider wins Assiut cement electrical order29 November 2017, Published under Cement NewsSchneider Electric has contracted to supply and install all electrical works for Cemex's Assiut cement factory. Mohamed Shahin, head of the company’s industries sector in Egypt and Africa, said that Schneider Electric contracted with Assiut cement factory to supply the low and medium electrical panels and will begin supply next year. |
Cemex Go - a digital customer platform is launched27 November 2017, Published under Cement NewsCemex has launched a fully-digital customer integration platform called Cemex Go. The platform combines Cemex's industry leadership with cutting-edge digital innovation. Cemex Go is a multi-device providing real-time, detailed information for order placement, live tracking of shipments, and managing invoices and payments for Cemex's main products, including bagged and bulk cement, ready-mix concrete, aggregates, and multi-products. Fernando A Gonzalez, CEO of Cemex, said: "Cemex Go moves ... |
Cemex launches new distribution terminal in Denver10 November 2017, Published under Cement NewsCemex USA has launched operations at a new rail-served cement distribution terminal in Commerce City, Colorado. The new terminal will support the company’s distribution capabilities across Colorado, but particularly to the Denver Metro area. The terminal is served by an existing rail line out of the Lyons cement plant. With a silo capacity of 5000t, it supplies Type II Portland cement used in concrete, precast and masonry products for a variety of construction projects throughout the stat... |
Cemex launches Cemex Go09 November 2017, Published under Cement NewsThe CEO of Cemex, Fernando A Gonzalez, has announced the release of a new multi-device application designed to simplify the customer process. Cemex Go will be a push to revolutionise the construction industry. Cemex Go will allow the customer to place orders, track shipments, and manage invoices and payments for Cemex products. Through the use of real-time information, customers will also be able to receive instant notifications of their order status and modify the order accordingly. "... |
Cemex Philippines sees 63% fall in 9M17 income30 October 2017, Published under Cement NewsCemex Holdings Philippines Corp said on Friday that its net income for the first nine months of 2017 had fallen 63 per cent as a result of lower prices and volumes amid heightened competition. Net profit in the 3Q17 declined to PHP688m (US$13.33m) from the PHP1.88bn reported in the same period last year primarily due to lower prices and volumes. The company said financial expenses fell 39 per cent from a year ago following the refinancing of the company's dollar-denominated loan with ... |
Cemex 3Q17 net sales total US$3.5bn27 October 2017, Published under Cement NewsCemex announced that its consolidated net sales reached US$3.5bn during the 3Q17, representing an increase of two per cent, or an increase of one per cent on a like-to-like basis, versus the comparable period in 2016. Operating EBITDA decreased by eight per cent during the quarter to US$702m versus the same period in 2016. Fernando A Gonzalez, Cemex Chief Executive Officer, said: "We are pleased with the double-digit, year-to-date growth in operating EBITDA in our two largest markets: Mex... |