Cement News tagged under: Cemex
Cemex reports 6% rise in net consolidated sales and EBITDA27 July 2016, Published under Cement NewsCemex reported a six per cent YoY rise – on a like-for-like basis for the ongoing operations and adjusting for currency fluctuations – in net consolidated sales for the second quarter of 2016. The company saw its operating EBITDA advance by six per cent during the quarter to US$771m when compared with 2Q15 although on a like-for-like basis the increase was 16 per cent. The corresponding EBITDA margin saw a 1.3 per cent rise YoY to 20.9 per cent. The company attributed the rise in con... |
Poland: Cemex Chelm benefits from new RDF shredders at EkoPaliwa19 July 2016, Published under Cement NewsEkoPaliwa, a waste recycling company in Chelm, Poland, commissioned Weima to install two Powerline 3000 single-shaft shredders with hydraulic drive used in secondary shredding in its plant to produce alternative fuels. Cemex requires the refuse-derived fuel (RDF) for its Chelm cement plant that is situated adjacent to EkoPaliwa. The shredded waste will ensure Cemex is self-sufficient in terms of fuel supply at all times. To meet the demands of the project, a single Weima PowerLine 3000 ... |
United Kingdom: fire at Cemex’s South Ferriby plant19 July 2016, Published under Cement NewsCemex’s South Ferriby works in Lincolnshire was hit by fire on Sunday, according to reports in the local press. The fire, which began due to a fuel leak, spread to cables, pipework and a disused control room within the kiln room. In addition to damaging these areas, the remainder of the building suffered smoke damage. This is not the first disruption suffered by the 0.75Mta plant. In December 2013 the facility was put out of action by flood water from the Humber river. |
Cemex amortises US$353m debt15 July 2016, Published under Cement NewsMexican cement maker Cemex has amortised a US$352.95m debt that was due to expire in 2022, as part of its refinancing strategy to lower costs, reports Reuters. Cemex, which has been selling assets to cut debt, announced an offer to buy back up to US$400m in debt in April but said it would not buy back more than US$150m of the 2022 debt. However, on Thursday Cemex said debtholders agreed to an early tender of the 9.375 per cent notes falling due in 2022, with the company agreeing to pa... |
IFC grants Cemex EUR106m "green" loan13 July 2016, Published under Cement NewsThe International Finance Corp (IFC) has granted Cemex a loan of EUR106m to support the company’s sustainable development investment in emerging markets. After a thorough assessment of Cemex’s environmental, governance and social practices, the IFC will grant CEMEX funding for projects designed to enhance environmental performance that were completed in 2014 & 2015 as well as ongoing during 2016 which are part of the capital expenditure plan previously communicated by Cemex. Around 60... |
Puerto Rico: Cemex agrees penalties for MSHA safety violations11 July 2016, Published under Cement NewsThe US Department of Labor’s Mine Safety and Health Administration announced that Cemex de Puerto Rico has agreed to pay US$291,722 in penalties and implement enhanced safety measures at its three MSHA-regulated facilities in Puerto Rico. The settlement resolves 119 citations and orders issued for safety violations at the company’s Ponce Cement plant and Cantera Canas mines. MSHA issued the citations and orders for a wide variety of violations, including obstructed and unsafe travel ways an... |
Cemex04 July 2016, Published under Cement NewsCemex is to float a 45 per cent minority in Cemex Holdings Philippines on the Philippine Stock Exchange during July. The group is expecting to raise around US$507m. The proceeds will be used to reduce net debt. |
Deadline day reached for Lafarge India bids04 July 2016, Published under Cement NewsToday (4 July) sees the passing of the deadline by which bidders must submit binding offers for Lafarge India's assets. According to press sources, five companies – three domestic and two foreign – are in the running for the facilities, which include production capacity of 11Mta. The five firms submitting their bids today are: Cemex, Anhui Conch, JSW Cement, Piramal Enterprises and the Nirma Group. Of the five, only JSW Cement has a significant presence in the Indian market: the company h... |
Cemex IPO values Philippines subsidiary at US$536m30 June 2016, Published under Cement NewsCemex has today announced that it will price shares in its subsidiary, Cemex Holding Philippines, at PHP10.75 (US$0.23), valuing the operation at around US$536m. Reuters News quotes Eduardo Francisco, president of underwriter BDO Capital & Investment Corp as stating: “That's good so there will be more upside and to ensure more demand post-listing”. Mr Francisco added that the offering was already oversubscribed. The valuation comes at the low end of the range earlier indicated by Cemex... |
Cemex stock falls over Brexit fears28 June 2016, Published under Cement NewsCemex saw a further day of losses at the Mexican Stock Exchange (BMV). Since Friday, its shares have fallen 14.74 per cent following the announcement of the UK’s departure from the EU. On Monday, shares fell 5.6 per cent to close at a price of MXN10.61 (US$0.56)/share. The fall is attributed to the potential impact of Brexit on the company’s UK operations following the surprise result of the referendum held on Thursday, explained Marco Medina, analyst at Grupo Financiero Ve por Mas. He ad... |