Cement News tagged under: Cemex
Cemex announces offering of senior secured notes25 March 2014, Published under Cement NewsCemex announced today that Cemex Finance LLC (the Issuer), an indirect wholly-owned subsidiary of Cemex España, intends to offer senior secured notes in one or more series denominated in euros, subject to market and other conditions. Contemporaneous with the offering of the euro notes, the Issuer also may offer senior secured notes in one or more series denominated in US dollars, subject to market and other conditions, the company said in a statement. Cemex intends to use the net proceeds... |
Cemex supports Typhoon Haiyan reconstruction efforts, Philippines19 March 2014, Published under Cement NewsCemex’s global internal fundraising campaign raised US$500,000 in donations from its employees and the company’s two-to-one matching contribution. In the wake of Typhoon Haiyan in the Philippines, Cemex launched a global internal fundraising campaign that amassed US$500,000 in donations from its worldwide employees and the company’s two-to-one matching contribution. These donations are now being used to launch reconstruction projects in some of the most affected areas of the country. “We f... |
Cemex upbeat on Philippine market outlook05 March 2014, Published under Cement NewsCemex Philippines remains optimistic that growth in the domestic cement sector will continue to grow this year on the back of the robust construction industry and high government spending. “We expect the growth to continue this year,” Paul Arcenas, Cemex Philippines vice president for strategic planning told the Sun.Star newspaper yesterday. To meet expected rises in demand, the company is allocating US$80m to finance an additional 1.5Mta of capacity in its Naga plant this year as well as ... |
UK: Flood-hit Ferriby works on target to resume production by end-Feb21 February 2014, Published under Cement NewsCemex is on target to resume production at its flood-hit South Ferriby works by the end of this month, however, challenges remain to meet the start-up schedule. Production at the 0.75Mta cement works has been out of action since 5 December 2013 after the river Humber burst its banks. The Cemex factory stands across the road from the river and was swamped by millions of litres of water. The most serious damage was caused to the site's electrical network. Cemex has since been committed to... |
Cemex closes 2013 with zero accidents in its Spanish works21 February 2014, Published under Cement NewsCemex celebrated the end of 2013 with a zero-accident rate in its 65 Spanish work sites. The company attributes the success to its “Zero Accident” campaign, started in 2007. In some works, new records were set in terms of days without accidents. For instance, the cement works of Buñol in Valencia registered not a single accident since May 2010. ? ?"All the effort we have been making for years with awareness campaigns, training through visits involving safety, risk warnings cards, etc ... ... |
Cemex confident on medium-term goals14 February 2014, Published under Cement NewsCemex remains confident that it is on track to meet its medium-term EBITDA goal as it continues to capture the full potential from its existing portfolio to improve profitability and return to investment-grade status, the company said during its annual investor gathering. Speaking on the company’s strategy and outlook during Cemex Day 2014 held yesterday, Juan Pablo San Agustin, executive VP of strategic planning and new business development, reiterated the company's intention of achieving... |
Cemex in tyre agreement with General Motors12 February 2014, Published under Cement NewsCemex has reached an agreement with General Motors (GM) of Mexico to use non-recyclable waste from the carmaker’s manufacturing plant in San Luis Potosí in its kilns. In exchange for the waste, Cemex will power GM’s thermoelectric generating plant. The step will allow both companies “to decrease consumption of non-renewable resources,” according to GM. It will also avoid the need to ship waste abroad. |
Cemex falls back in Mexico but advances in the USA07 February 2014, Published under Cement NewsCemex' turnover improved by 1.6 per cent in 2013 to US$15,226.5m and EBITDA emerged 0.7 per cent ahead at US$2643m, while the trading profit advanced by 17.4 per cent to US$1517.8m. The net interest charge rose yet again and was up by 11.1 per cent to US$1551.5m while the pre-tax loss was reduced by 34.3 per cent to US$264.6m, and the net attributable came down by 7.6 per cent to US$843.1m. Net debt, including perpetual notes, increased by four per cent during the year to US$16,306m. Shareh... |
Morgan Stanley maintains Cemex rating27 January 2014, Published under Cement NewsMorgan Stanley has maintained its 'Overweight' rating on Cemex, raising its price target to US$14.00 from US$13.00. It believes that the Mexican cement major could be turning the corner in its domestic market where demand will be driven by infrastructure in the first half of the year, and by retail and housing projects in the latter half. Morgan Stanley analysts Nikolaj Lippmann and Lillian Starke, have said that the Cemex-Holcim asset swap deal announced in August 2013 could be the fir... |
Cemex to export 100,000t white cement from Sagunto22 January 2014, Published under Cement NewsMexico-based cement producer Cemex anticipates it will export 100,000t of white cement through the port of Sagunto, Spain. A first shipment is expected to leave the port for Greece, carrying 4500t of cement. A second dispatch will deliver a similar volume in big bags. White cement demand has experienced a surge in north African countries as the material is enjoying growing popularity in the construction of both public and private buildings, according Carlos Moreno, Cemex Levante’s directo... |