Cement News tagged under: Cemex
USA: Cemex Victorville receives WHC certification11 November 2016, Published under Cement NewsCemex USA's Victorville cement plant in southern California recently celebrated its 100th anniversary and has received the Wildlife Habitat Council (WHC) Conservation Certification for its ongoing sustainability, environmental protection and land stewardship efforts. WHC presented the Victorville plant with the certification 3 November during a ceremony at the 2016 WHC Conservation Conference in Baltimore. The designation means all Cemex USA’s cement plants in the USA are now WHC-certifie... |
Cemex02 November 2016, Published under Cement NewsDuring the first nine months of the year, Cemex' turnover eased by 1.9 per cent to US$10,467.4m, while EBITDA was 8.5 per cent ahead at US$2138.1m. The trading profit advanced by 15 per cent to US$1452.2m while the net interest charge declined by 6.3 per cent to US$888.9m. The pretax profit more than trebled from US$164.7m to US$689.5m. The tax charge declined from 128.4 per cent to 18.2 per cent, leading to a net attributable loss being turned into a US$533.6m profit. The net debt at ... |
Cemex' gearing declines to a still high 164 per cent28 October 2016, Published under Cement NewsDuring the first nine months of the year, Cemex' turnover eased by 1.9 per cent to US$10,467.4m, while EBITDA was 8.5 per cent ahead at US$2138.1m. The trading profit advanced by 15 per cent to US$1452.2m while the net interest charge declined by 6.3 per cent to US$888.9m. The pretax profit more than trebled from US$164.7m to US$689.5m. The tax charge declined from 128.4 per cent to 18.2 per cent, leading to a net attributable loss being turned into a US$533.6m profit. The net debt at the en... |
Cemex13 October 2016, Published under Cement NewsCemex is raising around a further US$400m through the sale of cement assets in Ohio to Eagle Materials. The deal primarily concerns a 0.9Mta integrated cement works at Fairborn and also covers a cement terminal at Columbus and a cement bagging operation. In 2016 these assets are expected to generate a turnover in the region of US$79m and an EBITDA of some US$33m. The deal is expected to be completed at around the turn of the year. |
Cemex expects to complete Tepeaca expansion in 201813 October 2016, Published under Cement NewsCemex announced the expansion of its Tepeaca plant in Puebla, Mexico, to conclude in 2018. The plant will see the construction of a new kiln to take its production capacity to 7.6Mta. The project was started in December 2014 and represents an investment of US$642m, including fixed asset additions of US$442m incurred at the end of 2015. The expansion will generated 1500 jobs during construction and around 100 direct and 240 indirect jobs when the plant enters service. |
USA: centenary up for Victorville plant12 October 2016, Published under Cement NewsCemex Victorville has been celebrating its 100th-year anniversary in producing cement in the Victor Valley for customers in California and western USA. The plant, which opened its doors on Labor Day in 1916, was recognised by the San Bernardino County Board of Supervisors for the company's contributions as "a cornerstone" of the local economy and a community partner. "Cemex has been a tremendous company in our community," First District Supervisor Robert Lovingood said. "For a century, gen... |
EC to investigate HeidelbergCement-Schwenk acquisition of Cemex Croatia11 October 2016, Published under Cement NewsThe plans of HeidelbergCement and Schwenk to acquire Cemex's Croatian subsidiary will be subject to review by the European Commission (EC). The transaction would result in the merger of Cemex Croatia, the largest domestic cement producer, with Duna Drava Cement, the largest importer and a subsidiary of the two German cement producers. After a preliminary analysis, the EC concluded that "the proposed transaction would remove a significant competitor in an already concentrated regional ... |
Visible cracks10 October 2016, Published under Cement NewsOver the last 18 months CDP has analysed sectors ranging from electric utilities and automotive manufacturing to extractives and has benchmarked how leading players manage climate risks and opportunities. In June it was the turn of the cement sector, as CDP published ‘Visible Cracks’, its first report for investors on the global cement industry. This publication revealed how differently companies in the sector are preparing for the transition to a low-carbon economy. By Tarek Soliman and Cha... |
Cemex new management in CLH and Colombia06 October 2016, Published under Cement NewsCemex Latam Holdings has made senior level organisational changes at both CLH and Cemex Colombia. The following changes have been made and are effective immediately: Juan Pablo San Agustin: appointed chairman of the Board of Directors of CLH, will remain executive vice President of Strategic Planning and New Business Development of Cemex and is a member of Cemex’s executive committee. Jaime Muguiro Domínguez: confirmed as CEO of CLH, will remain President of Cemex South, Central Am... |
Mexico: Cemex announces intention to sell its stake in GCC03 October 2016, Published under Cement NewsCemex SAB de CV said on Friday that it is looking to sell the 23 per cent stake it directly owns in Mexican cement producer Grupo Cementos de Chihuahua SAB de CV through a secondary public offering. In its filing, Cemex disclosed that it had asked CNBV, Mexico's banking and securities regulator, to approve the planned transaction, under which the Mexican building materials company will offer the shares to domestic and foreign investors in a concurrent private placement. The sale would be... |