Cement News tagged under: Cemex
UK cement after Brexit21 September 2016, Published under Cement NewsThe UK’s cement sector has seen substantial change in the last 12 months, with new cement producers coming to the market and a raft of legislation to ensure a competitive market for customers going forward. The recent Brexit vote has cast a shadow over the economy, but even though several very large projects are currently on hold, the long-term fundamentals for cement demand remain strong. HeidelbergCement-owned Hanson operates around 3Mta of cement capacity at plants in Padeswood ... |
Mexico: Ventika wind park officially opened13 September 2016, Published under Cement NewsMexican President Enrique Peña Nieto inaugurated the Ventika wind park in General Bravo, Nuevo León. The facility has a capacity of 252MW and is expected to generate 1mkWh annually. The project was developed by a consortium consisting of Acciona, the capital fund Blackstone, Cemex Energía and Fisterra Energy. Construction finished December 2015 and the park started operation last April. The head of state said the US$650m project would help the country to reach its clean energy targets ... |
Banco Santander: positive outlook for Mexican cement companies07 September 2016, Published under Cement NewsBanco Santander analysts have upgraded their forecast on share prices of two key Mexican cement producers. The bank expects the company’s share price to rise 8.5 per cent in the next 12 months to MXN17.10/share. For Elementia, the share price would advance by 24.5 per cent in 2017 to MXN28/share. The bank said the share price increases were supported by a rise in cement prices by the companies. Cemex is expected to raise its prices by 18 per cent while Elementia would see a 25 per cent adv... |
IENova to buy Ventika wind farm06 September 2016, Published under Cement NewsInfraestructura Energétia Nova (IENova) signed an agreement on Monday with the Blackstone Energy Group to buy Ventika I and II wind parks, which are operated by Cemex. The acquisition carries a value of US$852m. This includes a purchase price of US$375m plus an additional US$477m in funding. Ventika consists of 84 wind turbines with an installed capacity of 252MW and is the largest wind farm in Mexico. “The parks are adjacent to each other, they are located in the municipality of Gene... |
Cemex02 September 2016, Published under Cement NewsCemex investment in Grupo Cementos de Chihuahua is being restructured, with Cemex taking a 23 per cent direct stake as well as a minority interest in Camcem, which will be the majority shareholder in Cementos de Chihuahua. Cementos de Chihuahua will remain a quoted company. Cementos de Chihuahua saw its turnover for the first six months decline by 1.4 per cent to US$333.4m, with the US operations registering a 4.2 per cent improvement to US$235.4m, while the Mexican activities registered ... |
Cemex awarded for environmental efforts02 September 2016, Published under Cement NewsCemex was awarded the Honourable Mention for the 2016 National Award of Ecological Merit by Mexico’s Secretariat of Environment and Natural Resources. The award is the most important environmental recognition in Mexico and was given to Cemex for its restoration and conservation efforts under its El Carmen Conservation Program. The programme has aided the population increase of various endangered species, such as the golden eagle, and other species such as the white-tailed deer and the bla... |
Cemex re-organises its Cementos Chihuahua investments30 August 2016, Published under Cement NewsGrupo Cementos de Chihuahua’s ownership is being restructured, with Cemex taking a 23 per cent direct stake as well as a minority interest in Camcem, which will be the majority shareholder in Cementos de Chihuahua. Cementos de Chihuahua will remain a quoted company. Cementos de Chihuahua saw its turnover for the first six months decline by 1.4 per cent to US$333.4m, with the US operations registering a 4.2 per cent improvement to US$235.4m, while the Mexican activities registered a 13.3 p... |
Cemex to commission new 1Mta Colombian plant in December24 August 2016, Published under Cement NewsCemex expects to bring its new cement plant in Maceo, Antioquia, Colombia online at the end of this year, according to Carlos Jacks, president of the Mexico-based cement producer. The new works will have a capacity of 1Mta and represents an investment of US$360m. The project also includes the construction of a 40km-long concrete access road which connects the works to the motorway system. |
Dominican Republic: Cemex carries out reforestation at San Pedro de Macorís24 August 2016, Published under Cement NewsWith the help of 100 volunteer employees, Cemex organised a reforestation day at the quarry of its San Pedro de Macorís in the Dominican Republic as part of its “Manos a la Obra” (Hands to work) programme. The day saw the planting of 5000 trees native and endemic to the island of Hispaniola. “At Cemex we are committed to minimising the environmental footprint of our operations. Therefore, we carefully identify and measure all our impacts. This reforestation day, in which our employees wer... |
United States: Kosmos Cement plant suffers fatality12 August 2016, Published under Cement NewsA person has died after a workplace accident at the Cemex-owned Kosmos Cement plant in Louisville, Kentucky, USA Associated Press reports that local police attributed the accident to a mechanical failure in a pulley system. An investigation is currently underway and the victim has yet to be identified. In April, Kosmos Cement agreed to pay a US$400,000 after admitting negligence that led to the death of a contractor in February 2014. |