Cement News tagged under: Cemex
Cemex 2Q like-for-like net sales up 5%23 July 2015, Published under Cement NewsCemex announced yesterday that consolidated net sales reached US$3.8bn during the second quarter of 2015, representing a decline of eight per cent YoY, or an increase of five per cent on a like-for-like basis for ongoing operations and adjusting for currency fluctuations. The increase was due to higher prices, in local currency terms, in most operations, as well as improved volumes in most products in Mexico, US and northern Europe and Asia regions. Operating EBITDA increased by one per ce... |
Costa Rica is the strongest performer in Cemex Latin American Holdings23 July 2015, Published under Cement NewsCemex Latin American Holdings' first-half turnover declined by 13.4 per cent to US$747.6m, while the EBITDA came off by 16.6 per cent to US$283.1m. At the trading level there was an 18.6 per cent reduction to US$191.7m. After a net interest charge 14.8 per cent lower at US$40.6m, the pre-tax profit emerged 22.9 per cent lower at US$142m. The net attributable profit fell by 32 per cent to US$82.4m. Net debt at the end of June was 8.6 per cent lower than a year earlier at US$1077m, givin... |
Cemex Dominicana increases packing and palletising capacity14 July 2015, Published under Cement NewsCemex Dominicana recently announced a US$6m investment to increase the packing and palletizing capacity of its cement plant at San Pedro de Macoris (east). It said the investment in a new cement packing unit forms part of the company’s strategic plan in the Dominican Republic in response to local market requirements, Dominican Today reports. The new unit will boost Cemex's capacity by more than 1.5m additional bags monthly, or 800,000tpa. |
Cemex awards ecoperating Plus certification to building in Tijuana, Mexico10 July 2015, Published under Cement NewsCemex announced that it has awarded the ecoperating Plus certification to Torre Cosmopolitan, a sustainable and innovative commercial building, located in Tijuana, Baja California, México. The ecoperating Building Certification accredits buildings, during their design, construction and/or operation phase, with notable sustainable features and performance above the market standard. Cemex recognises projects that save energy, water and reduce the environmental impact associated to constructi... |
Cemex UK to close all ready-mix plants for '90minutes Step-in' initiative09 July 2015, Published under Cement NewsFor one and a half hours on Monday, 13 July 2015, all 200 Cemex UK's readymix plants will be shut. On this day, the Cemex 90minutes Step-in will take place, with 600 colleagues and 460 independent haulier contractors taking part in safety training to encourage them to ‘step-in’ and look after themselves and those working alongside them. Leeds plant is one of 200 plants to be closed on Monday for the Health & Safety awareness initiative The training has been developed internal... |
Torre Reforma: a concrete giant in Mexico City09 July 2015, Published under Cement NewsEven before its official inauguration in late 2015, Torre Reforma, designed by the Mexican architect Benjamín Romano from LBR&A Arquitectos, is already an architectural icon in Mexico. At 807ft and 57 levels, this emblematic corporate building is the tallest in Mexico City. Characterised by both its slimness and strength, the walls that serve as the backbone of the tower were built with Cemex Fortis. The high-strength properties of this concrete allow it to bear the weight of the slabs, wh... |
Fitch upgrades TCL's IDRs to 'B-'; Outlook Stable01 July 2015, Published under Cement NewsFitch Ratings has upgraded the Foreign and Local currency Issuer Default Ratings (IDRs) of Trinidad Cement Ltd (TCL) to 'B-' from 'D' and assigned an expected rating to the company's proposed senior secured term loan of 'B-(EXP)/RR4'. The rating Outlook is Stable The upgrade reflects the restructuring steps TCL has taken under the increased ownership, support and strategic guidance from Cemex (Cemex; 'B+'/Stable Outlook) following the default on its bank loans in September 2014. Fitch exp... |
Cemex invests GBP1m in new concrete plant16 June 2015, Published under Cement NewsCemex has invested GBP1m in a new concrete plant at its existing site in Leeds, UK. Cemex demolished the old plant in January 2015 after 63 years of operations. The new plant can batch 6m3 in around four minutes, or approximately 90m3 an hour. “The new plant has a simple and logical layout, and is well engineered,” said regional director Craig Williamson. “So for example, there is overhead storage for 500t of aggregates enabling it to go directly from the storage into the mixing area. We a... |
Cemex announces projects with international organisations to protect natural sites05 June 2015, Published under Cement NewsCemex announced today a joint project with the United Nations Educational, Scientific and Cultural Organization (UNESCO), the International Union for the Conservation of Nature (IUCN), Conservation International, and The WILD Foundation to promote awareness of natural sites of great relevance to all mankind. Iconic natural sites such as Galapagos Islands, the Okavango Delta, the Monarch Butterfly Biosphere Reserve, Ha Long Bay, or the Yellowstone National Park, are recognised by UNE... |
Cemex raised to Buy at Longbow28 May 2015, Published under Cement NewsCemex is upgraded to Buy from Neutral by Longbow, based on continually improving fundamentals in the cement industry with price increases of 8-10 per cent supported by volume growth of 6-8 per cent. In a report published Wednesday, Longbrow Research analyst said utilisation rates are climbing and contacts are concerned about available capacity in late 2015 and early 2016; these factors, including limited driver availability, suggest continued suppliers' pricing power. US driver A re... |