Cement News tagged under: Cemex

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Cemex invests in building materials delivery start-up

16 September 2019, Published under Cement News

Cemex Ventures, the venture capital business of Cemex, has announced it has invested in GoFor Industries, a logistics marketplace for on-demand delivery of building materials and equipment for the DIY and construction industries. GoFor Industries is a start-up company founded in 2016 with operations in the USA and Canada. By 2020 GoFor is expected to expand to 20 major market areas in the USA. Gonzalo Galindo, CEO of Cemex Ventures, said, “With this investment, we seek to improve a criti...

Czech cement market can ride the construction wave

23 August 2019, Published under Cement News

This week Cemex reported that its cement sales in the Czech Republic had increased by 70 per cent and yet it had still made a net loss of US$13.18m in 2018. Cemex's 2018 results were impacted by the merger of Cemex Group companies and Cemex Development Sro in May 2018. The company points to insufficient capacities and tensions in the labour market as potential hiccups down the line. Cemex is the second-largest player in this market with an integrated 1.2Mta cement plant as well as a 0.3...

Cemex Poland to supply deep diving pool project

23 August 2019, Published under Cement News

Cemex is participating in the construction of the deepest and largest diving pool project called 'Deepsot', near Warsaw, Poland. Cemex's Rudniki cement plant near Czestochowa will supply CEMIII/A 42.5 to enable the contractor, Budokrusz SA to produce two classes of structural concrete for the 45m deep pool that can accommodate 8000m 3 of water. The pool is for professional and novice divers, as well as for free or breath-holding diving. The complex will include the construction of an under...

Cemex Czech Republic reports net loss in 2018

20 August 2019, Published under Cement News

Cemex Czech Republic reported a net loss of CZK307.1m (US$13.18m) in 2018, declining from a profit of CZK194.9m in the previous year. However, sales increased 70 per cent to CZK3.81bn, with more than 98 per cent generated on the domestic market. The results were positively impacted by a merger with Cemex Cement and Cemex Development, according to an annual report. "The company recorded a YoY increase in the total volume of sales in 2018 thanks to the merger as well as thanks to the organic ...

Protests in Nicaragua affect cement sector

01 August 2019, Published under Cement News

Demonstrations against Daniel Ortega, president of Nicaragua, which began in April 2018, have reportedly had a negative impact on the country’s economy, according to Reuters. Cemex Latam Holdings has reported that its Nicaraguan business has suffered from a downturn in the construction sector, which contracted 21 per cent in 2018. "The crisis remains unresolved and continues to affect economic activity, including demand for cement," said the company in its 2Q results. 

Cemex Holdings Philippines reports improvement in 1H19

29 July 2019, Published under Cement News

Cemex Holdings Philippines (CHP) saw a significant improvement in net profit for the first six months of 2019, reversing its previous PHP582m (US$11.39m) net loss to a PHP802m profit. Net sales increased four per cent during the 1H19 to PHP12.4bn, on the back of a six per cent rise in cement prices. In the second quarter alone, sales were up two per cent YoY to PHP6.1bn. However, domestic cement volumes fell two per cent due to a slowdown in construction activity. “During the first six m...

Peter Donkersloot to resign from Caribbean Cement

28 June 2019, Published under Cement News

Peter Donkersloot Ponce, general manager of Caribbean Cement Co (TCL Group), has announced that he will resign his post effective from 31 July. The position will be filled by Yago Castro Izaguirre, the current general manager of Arawak Cement Co (also TCL Group) in Barbados. Mr Donkersloot was appointed general manager of Caribbean Cement in 2016, under his leadership the company has received approval for a new limestone quarry and gypsum quarry expansion. The company also saw a 237 per c...

Cemex increases cement exports from its Mexican plants

26 June 2019, Published under Cement News

In 2018 Cemex advanced its share of cement exports from its Mexican plants to six per cent. In terms of destination of these shipments, around 63 per cent of Cemex’s total cement exports from Mexico were delivered to the USA, a further one per cent to Costa Rica and the balance to the rest of the Latin American region, including the Caribbean. The company sold 10.2Mt of cement and clinker in 2018 with 5.7Mt exported from its operations in Spain, Croatia, Mexico, Germany, Lithuania, Domin...

Caracolito’s cleaner air

24 June 2019, Published under Cement News

The replacement of the electrostatic precipitator with a bag filter at Cemex’s Caracolito plant in Colombia has had a positive impact on the company’s emissions indicators as well as the local environment and neighbouring communities. By Cemex, Colombia. The new bag filter at Cemex’s Caracolito plant in Colombia has reduced particle emissions from 127 to 12mg/m 3 Colombia is one of Cemex’s most-important markets in Latin America due to its size, the dynamism of the local constr...

Cemex aligns with UN sustainable development goals

28 May 2019, Published under Cement News

Cemex has announced that it is strengthening its commitment to the United Nations (UN) Sustainable Development Goals (SDGs) by prioritising five goals that are directly connected with the company's business and represent a better opportunity to contribute to the UN 2030 Agenda. These five goals are focussed on: • the promotion of decent employment and economic growth • innovation and infrastructure development • climate change mitigation • environmental and ecosystem conservation • the adva...