Cement News tagged under: Cemex
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... |
Cemex to double capacity at Luzon cement plant, Philippines15 May 2015, Published under Cement NewsCemex announced yesterday that it is undertaking a new US$300m investment in the Philippines involving the construction of a new 1.5Mta line at is Solid Plant in Luzon. The investment will double the capacity of the Solid plant and will represent a 25 per cent increase in Cemex's capacity in the Philippines. With the recent visit of Fernando A. Gonzalez, Chief Executive Officer of Cemex and his executive team in the country, highlighted by a meeting with His Excellency President Benigno S.... |
Cemex completes Apo Cement expansion05 May 2015, Published under Cement NewsCemex Philippines has inaugurated a new PHP3bn (US$67.3m) cement mill at its Apo Cement plant in Naga City, Cebu, as part of its comprehensive expansion plan in the country. President Benigno 'Noynoy' Aquino III was guest of honour at the 1May 2015 ceremony which coincided with Philippine Labor Day celebration. The mill increases the capacity of Cemex's Apo Plant by 1.5Mta, resulting in an additional 40 per cent of the company's capacity in the Philippines. "We are convinced that cement m... |
New Caribbean Cement GM appointed27 April 2015, Published under Cement NewsCemex executive Alejandro Vares has been appointed general manager of Caribbean Cement Company Ltd (CCCL), replacing incumbent head Anthony Haynes, effective 4 May 2015. Vares will leave his position as Interim Country Manager of Cemex Costa Rica to join the Rockfort, Kingston-based cement producer, Caribbean Cement said in a press release. The appointment was approved by the Board of Directors on Thursday. Haynes will serve until the end of April, then transition to a new position ... |
Cemex improves first-quarter trading profit24 April 2015, Published under Cement NewsCemex' first-quarter turnover declined by 5.3 per cent to US$3399.87m, but EBITDA did improve by 6.3 per cent to US$568.54m. Helped by a 12.7 per cent reduction in the depreciation and amortisation charge, the trading profit rose by 25.3 per cent to US$335.32m. The net interest charge declined by 15.3 per cent to US$338.08m, to give an 82 per cent drop in the pre-tax loss from US$167.88m to US$30.86m. The effective net debt was 3.4 per cent lower at US$15,769m, of which 86 per cent was in... |
Cemex Latin American Holdings held back by weaker cement sales in Colombia24 April 2015, Published under Cement NewsCemex Latin American Holdings' turnover declined by 16.3 per cent in first quarter of the year to US$353.8m and EBITDA fell by 20.3 per cent to US$112.4m. At the trading level there was a 23.6 per cent reduction to US$90.2m. After an interest charge 15.6 per cent lower at US$20.6m and other items, the pre-tax profit declined by 23.3 per cent to US$72.3m and the net attributable profit came off by 19.8 per cent to US$43.8m. Net debt at the end of March was 8.8 per cent lower than a year ea... |
Cemex first company in UK to trial new Mercedes-Benz Econic tipper24 April 2015, Published under Cement NewsCemex is the first company in the UK to operate and trial the new Econic tipper, designed by Mercedes-Benz to provide the driver with an unrivalled field of vision. ”It’s clear to see that this revolutionary design, giving more than 90 per cent extra visibility* can help prevent incidents and save lives on our busy urban roads, particularly those of cyclists,” comments Matthew Wild, Vice President Cement Commercial, Logistics and Building Products. The three key features that give the exce... |
Benefits of Cemex Patrimonio Hoy initiative22 April 2015, Published under Cement NewsCemex has announced that a total of 1800 families in Dominican Republic have benefitted from its Patrimonio Hoy self-build scheme whereby the company helps improve the quality of life of families by helping them carry out home improvements. As part of this programme, these families receive building materials at affordable prices. Moreover, they also receive technical support and training from Cemex's experts. The initiative has also had a direct positive impact on around 7200 people in th... |
Cemex to bring forward Caracolito expansion, Colombia07 April 2015, Published under Cement NewsCemex is bringing forward the expansion of Caracolito plant in Colombia, the corporate affairs vice-president of the company’s Mexican division has said. Daniel Suarez told local news that the project consists of the expansion of the existing quarry with an additional 11ha, a complete reconstruction of the kilns and the replacement of air filters. Encouraged by the positive outlook and business environment in Colombia, Cemex also building a new US$340m cement works in Antioquia. The firs... |
ACCIONA Energía wins IADB award for Cemex Eurus wind farm project07 April 2015, Published under Cement NewsACCIONA Energía has won the Infraestructura 360º prize awarded by the Inter-American Development Bank (IADB) for the sustainability of its infrastructure projects implemented in the Latin America/Caribbean area. The winning project was the Eurus wind farm, built and operated by ACCIONA Energía México as a self-supply project for Cemex. The jury particularly highlighted its positive impact on the quality of life of the surrounding community. The award, granted in the modality of Población y... |