Cement News tagged under: Cemex
Cemex concrete for bridge reconstruction in Arizona24 August 2017, Published under Cement NewsCemex is supplying concrete for the Cameron Bridge, part of a reconstruction of the Arizona section of Route 89 in the southwestern US. Spanning more than 650ft (approximately 200m), the new bridge includes four lanes for highway traffic, a pedestrian underpass, and other concrete flatwork that is expected to improve traffic flow and road safety. To best meet the project’s construction demands, Cemex installed a remote batch plant at a nearby quarry, which enabled the company to supply mo... |
Phase-out of Cemex Lapis sand plant approved23 August 2017, Published under Cement NewsThe California State Lands Commission has unanimously approved the phase out of operations at Cemex’s Lapis sand plant. This agreement reflects a settlement of disputes with the State Lands Commission, California Coastal Commission and the City of Marina over the historical operations of the more than 110-year old Lapis sand plant. The plant's dredge mining operation will be phased out by the end of 2020 and all plant operations will cease in 2023. As part of this resolution, Cemex has ... |
Cemex to supply Mexico City’s New International Airport17 August 2017, Published under Cement NewsCemex expects to supply approximately 900,000m 3 of concrete for Mexico City’s New International Airport. “We are very proud to participate in one of the most important infrastructure projects in Latin America,” said Juan Romero Torres, president of Cemex Mexico. “Mexico City’s New International Airport will improve the quality of life for millions of people and strengthen the city’s position as a hemispheric hub connecting the Americas.” The airport will be built in two phases, begin... |
Cemex builds sustainable BRT Lane in Mexico15 August 2017, Published under Cement NewsCemex supplied 10,400m 3 of special concrete to pave the first Bus Rapid Transit (BRT) lane for one of the main avenues in Queretaro, central Mexico. Known as “QroBus”, this project was developed by the local Urban Development and Public Works authorities, headed by the Architect Romy Rojas Garrido. This BRT lane offers an alternative for sustainable mobility to residents of the state of Queretaro, which has experienced significant demographic and economic growth over the past years that... |
Iconic area in Mexico City renovated with Cemex concrete09 August 2017, Published under Cement NewsCemex expects to supply over 27,000m 3 of special concrete for the renovation of 15 streets in Zona Rosa, an emblematic area in Mexico City. Since Zona Rosa is located among some of Mexico City’s major streets, including Insurgentes Avenue, Paseo de la Reforma and Chapultepec Avenue, the renovation project will promote the economic development of the area and the rest of the city. Due to the area’s high vehicular and pedestrian traffic, the project posed a significant challenge for the... |
Cemex Philippines reports drop in net income31 July 2017, Published under Cement NewsCemex Philippines saw its net income fall by 69 per cent in the 2Q17 to PHP136.5m (US$270m) from PHP436.1 in the same period of 2016 as demand softened and cement prices eased. In a disclosure to the stock exchange, the company reported a 12 per cent decline in sales to PHP5.6bn, while cost of sales fell three per cent to PHP3.3bn. Gross profit was down 22 per cent to PHP2.3bn. Sales volume declined three per cent in the second quarter from a year ago, while prices also fell by nine ... |
Cemex improves net profit strongly27 July 2017, Published under Cement NewsCemex reported a strong improvement in net profit for the six months to the end of June 2017, but cement volumes eased over the period. First-half turnover was down by 0.2 per cent to US$,703.9m, while EBITDA declined by 6.4 per cent to US$1248.1m.The trading profit, however, improved by 14.2 per cent to US$959.5m while net interest payments increased by three per cent to US$537.5m and the pretax profit improved by 29 per cent to US$451.6m. The net attributable profit rose from US$241.2m ... |
Cemex LatAm sees sharp decline in Colombia27 July 2017, Published under Cement NewsCemex Latin American Holdings' first-half turnover declined by 4.4 per cent to US$642.8m, while EBITDA fell by 25.8 per cent to US$167.7m as the company saw a sharp decline in the Colombian market. At the trading level there was a 32.1 per cent reduction to US$123.1m. After a net interest charge 9.4 per cent higher at US$32.1m, the pretax profit emerged 50.1 per cent lower at US$82.8m. The net attributable profit dropped by 49.2 per cent to US$51.1m. Net debt at the end of June was 8.8 p... |
Cemex: environmental savings for construction by barging25 July 2017, Published under Cement NewsAggregates being barged up the River Thames Last month was a record month for transporting aggregates by barge down the River Thames, UK, saving approximately 320 road journeys. June saw record tonnages by barge of 10,300t sand and gravel loaded at Dagenham Wharf and transported along the River Thames to Fulham, to meet the increasing demand for concrete by the London construction market. The tonnage represents the equivalent of approximately 320 road journeys by eight-wheeler HG... |
Cemex successfully closes new US$4.05bn bank loan20 July 2017, Published under Cement NewsCemex announced today that it has entered into a new facilities agreement for a total amount of US$4.05bn with 20 institutions. The 2017 Credit Agreement will be used to refinance the US$3.68bn facilities agreement dated 29 September 2014 (2014 Credit Agreement), and the remaining amount will be used for general corporate purposes, which may include debt repayment. Cemex expects to fully cancel both drawn and undrawn amounts under the 2014 Credit Agreement by 25 July 2017. The main terms... |