Cement News tagged under: Cemex
Texas cement shipments in August up 15.2%01 October 2014, Published under Cement NewsAugust cement shipments in the US state of Texas advanced 15.2 per cent than in the same period of 2013, according to the Texas Comptroller of Public Accounts. Holcim saw its dispatches rise by 39 per cent in August and by 28 per cent in the first eight months of 2014. TXI saw its shipments advance by 26 per cent and Texas Lehigh by 21 per cent while Cemex sales flatlined and Alamo’s fell by 10 per cent. For 8M14, TXI, Cemex and Texas Lehigh dispatches increased by 18, six and five per ce... |
Cemex to buy back over US$950m of debt18 September 2014, Published under Cement NewsCemex said on Wednesday it would buy back more than US$950m worth of its debt from bondholders through a tender offer, as part of a wider plan under a new chief executive to reduce its leverage, Reuters reports. Cemex said holders of US$592.5m worth of outstanding nine per cent notes due in 2018 and US$365.1m worth of 9.25 per cent notes due in 2020 had tendered their notes by the Wednesday deadline. The purchase will help the company to lower its debt-to-equity ratio and reduce interest p... |
EC clears Holcim and Cemex Spanish deal10 September 2014, Published under Cement NewsThe European Commission (EC) has cleared, under the EU Merger Regulation, the proposed acquisition of Holcim’s Spanish operations by Cemex, the last of three transactions under scrutiny in the European tie-up between the two global majors. Following an in-depth investigation launched in April 2014, yesterday the Commission concluded that the acquisition "would not raise competition concerns since the merged entity will continue to face sufficient competition from its rivals in all markets ... |
Fitch Assigns 'BB -' Ratings to CEMEX's Notes08 September 2014, Published under Cement NewsFitch Ratings has assigned expected ratings of 'BB-/RR3(EXP)' to Cemex's proposed USD notes due in 2025 and its proposed Euro notes due in 2022. Proceeds from the Euro notes issuance will be used for general corporate purposes, including the repayment of indebtedness under Cemex's Facilities Agreement. Proceeds from the USD issuance will be used for general corporate purposes, including the repurchase of a portion of the company's outstanding 2018 and 2020 notes. The Rating Outlook for Cemex... |
Cemex announces pricing on Senior Secured Notes05 September 2014, Published under Cement NewsCemex announced the pricing of EUR400m of its 4.750 per cent Senior Secured Notes due 2022 denominated in euros and US$1.1bn of its 5.700 per cent Senior Secured Notes due 2025 denominated in US dollars. The Euro Notes will bear interest at an annual rate of 4.750 per cent and mature on January 11, 2022. The Euro Notes will be issued at par and will be callable commencing on 11 January 2018. The US Dollar Notes will bear interest at an annual rate of 5.700 per cent and mature on 11 January ... |
Cemex seeks to refinance some bank debt04 September 2014, Published under Cement NewsCemex said Wednesday it is negotiating with a number of banks to refinance part of its outstanding bank debt, saying hopes to finalise the pact by the end of October. In a regulatory filing, the Mexican cement major said it is in advanced talks with a group of banks aimed at reaching a new agreement by 31 October 2014. Proceeds would be used to refinance part of an existing financing agreement with banks. Cemex refinanced around US$15bn in bank debt during the 2009 global crisis, and ... |
Cemex Dominican Republic unveils EvolutionEco concrete01 September 2014, Published under Cement NewsCemex Dominican Republic has pledged lower costs, shorter construction time and higher quality during the launch of its new "EvolutionEco" concrete last week. Cemex Dominican Republic President, Carlos Emilio Gonzalez, headed the unveiling of the new product, accompanied by David Zampini, head of Cemex R&D for products and construction trends, headquartered in Switzerland. Gonzalez said the self-compacting EvolutionEco concrete joins Cemex ’s family of global brands. "Today we heral... |
Mannersdorf sale draws interest26 August 2014, Published under Cement NewsThe Mannersdorf cement plant in Austria, which has been put up for sale by Lafarge ahead of its proposed merger with Holcim, has drawn interest from three notable parties, the daily WirtschaftsBlatt reports. The three potential investors are Leube, Kirchdorfer group and Mexico's Cemex, with the Mexican cement major standing the biggest chances of success, the paper claims. The Mannersdorf plant in Lower Austria has a capacity of 1.3Mta and is the country's largest cement works. It forms p... |
Cemex supplying Braskem Idesa-Etileno plant, Mexico25 August 2014, Published under Cement NewsCemex is supplying 250,000m3 of a variety of specialised, ready-mix concretes for the construction of the new Braskem Idesa-Etileno XXI Plant in Veracruz, Mexico. The plant, which will produce ethylene and polyethylene, is the largest petrochemical investment in Mexico in the past 20 years. Cemex began as a supplier for this project in 2012 with the construction of the foundation. As of today, the company has delivered 80 per cent of the 250,000m3 of concrete required for the project. Eti... |
Six Cemex USA cement plants earn EPA’s Energy Star®13 August 2014, Published under Cement NewsCemex has said six of its cement manufacturing plants have earned the US Environmental Protection Agency ENERGY STAR® certification. The recognition of Cemex USA's plants in Brooksville (FL), Miami (FL), Clinchfield (GA), Fairborn (OH), Louisville (KY) and Victorville (CA) demonstrates that these facilities perform among the top 25 per cent of similar US facilities for energy conservation. This year marks the eighth consecutive year of certification for the Clinchfield plant, an achieve... |