Cement News tagged under: Cemex
Cemex delivers concrete for Riga's Bulk Terminal18 May 2017, Published under Cement NewsCemex has supplied more than 3500m 3 of concrete to the Riga Bulk Terminal, a state-of-the-art marine terminal being built for the Freeport of Riga, Latvia’s port authority. Located in Kundzinsala, in Riga’s northern district, the terminal is a key part of a global and regional cargo supply chain and passenger traffic network in the Baltic Sea region. Cemex in Latvia supplied the concrete for the construction of the base plate, walls, and coverings for the new loading point of the Riga Bul... |
Cemex expands network to meet higher US demand12 May 2017, Published under Cement NewsTo meet the increased number of construction projects in southern California, Cemex USA is expanding its network in the region with plans for a state-of-the-art rail-served distribution terminal in Los Angeles and a new aggregate loading system at its quarry in Victorville, California. This terminal is expected to bring high-quality aggregates to the Los Angeles metropolitan area and surrounding communities. “The Los Angeles metro area continues to grow, and Cemex USA continues to be a maj... |
HeidelbergCement02 May 2017, Published under Cement NewsHeidelbergCement subsidiary, Cadman Materials, in the US has agreed to acquire the Pacific Northwest downstream activities of Cemex for around US$150m. The assets involved are in the states of Oregon and Washington and consist of seven quarries, five ready-mixed concrete plants and two asphalt plants. Together, these employ around 350 people. |
Cemex hikes cement price 20% in Mexico02 May 2017, Published under Cement NewsCemex increased its price for grey cement in Mexico by 20 per cent YoY in 1Q17. It represents the largest first-quarter increase in at least a decade and twice the seven per cent rate of inflation. No reasons were disclosed for the rise in prices. In addition, the company also announced a 4.3 per cent increase in investments to US$730m this year. "One of our highest priorities is to recover our investment grade, so we continue to make significant progress in this quarter, from our 20... |
Cemex reports jump in net profit28 April 2017, Published under Cement NewsCemex reported a jump in net profit to US$336m in the 1Q17 from an income of US$35m in the same period of last year, as the Mexican major as the cement maker continued to sell assets and reduce debt. On a like-for-like (LFL) basis for the ongoing operations and adjusting for currency fluctuations, consolidated net sales increased by six per cent during the 1Q17 to US$3.1bn versus the comparable period in 2016. Operating EBITDA on a LFL basis increased by two per cent during the quarter to ... |
The Netherlands: first Concrete Sustainability Council certificates awarded19 April 2017, Published under Cement NewsThe first certificates for Concrete Sustainability Council (CSC) responsible sourcing were awarded during Building Holland, one of the major trade fairs for building, renovation and redevelopment in The Netherlands. The first companies that successfully finished the process were two ready-mixed concrete producers (both silver), two precast producers (both bronze) and a producer of raw materials. After launching the CSC responsible sourcing system in January 2017, there is great interes... |
Cemex divests of its Pacific Northwest Materials business in the US18 April 2017, Published under Cement NewsCemex announced that one of its subsidiaries in the US has signed a definitive agreement for the sale of its Pacific Northwest Materials Business to Cadman Materials Inc, a LehighHanson company and US subsidiary of HeidelbergCement Group, for approximately US$150m. The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes. The closing of this transaction is subject to the satisfaction of certain conditions, including approval... |
Croatia's cement sector still craves an upturn13 April 2017, Published under Cement NewsCroatia's market has been top of the news in the EU with the commission's decision to block the sale of Cemex's Croatian cement plants to Duna-Drava Cement of Hungary, jointly-owned by HeidelbergCement and Schwenk Zement. The commission was said to be concerned with the situation that after the transaction the largest cement producer in Croatia would also be the largest importer and would virtually dominate the southern Croatian market. Currently competition in Croatia consists of ... |
Croatia: EC prevents Cemex Croatian sale07 April 2017, Published under Cement NewsCemex SAB de CV has announced that the European Commission has refused Cemex permission to sell its Croation operations to Duna-Drava Cement Kft, a joint venture owned by HeidelbergCement and Schenk Zement AG. Therefore, Cemex will maintain its three cement plants, seven concrete plants and two aggregate quarries in Croatia, as well as its network of maritime and land-based terminals in Croatia, Bosnia-Herzegovina and Montenegro. |
UK: small fire at Cemex Rugby plant07 April 2017, Published under Cement NewsA small fire broke out in the dust filtration system at Cemex's plant in Rugby, according to reports in the local press. Firefighters successfully extinguished the blaze, which occurred on Tuesday, 4 April. "No one was injured, everyone was safe, that’s the main thing. The emergency services attended which is standard procedure and the fire was brought under control," said Martin Casey, Cemex director of public affairs and communications. |