Cement News tagged under: Cemex
Cemex included in UN Global Compact Stock Index12 November 2013, Published under Cement NewsCemex announced today that it has been selected for inclusion in the United Nations Global Compact 100– a new global stock index that combines corporate sustainability and baseline financial performance. “We are pleased that our sustainability policies and activities have been recognised in this way,” Lorenzo H. Zambrano, Cemex’s Chairman and CEO. “For many years corporations and investors have been looking for the positive link between responsible business practices and stock-market retur... |
Fritz and Macziol wins new contract from Cemex30 October 2013, Published under Cement NewsFritz and Macziol has won a contract from Cemex to supply its VAS® IT-logistics solution to be rolled out across several of its cement plants, starting with Germany. Cemex will use the VAS on the basis of a tailor-made template solution which will be connected to the central ERP system. VAS is a process-oriented software solution for the raw materials industry covering the entire process chain. Cemex selected the VAS solution as it has the ability to cover all IT-Logistic solution requirem... |
Cement imports - fortress Mexico breached25 October 2013, Published under Cement NewsThe first industrial scale consignment of bagged cement in 25 years has successfully been imported to Mexico, marking a unique milestone in the recent history of the Mexican building materials sector. Shipunloading at Puerto Progreso, Mexico On 9 October, the vessel M/N Atenea docked at Puerto Progreso on the Yucatan Peninsula with a cargo of 2850t of bagged cement, according to a spokeperson for Comercio para el Desarrollo Mexicano del Sureste SA de CV (CDMS), the import compan... |
Cemex: 9M13 turnover edges ahead25 October 2013, Published under Cement NewsFor the first nine months of the year, Cemex' turnover edged ahead by 0.7 per cent to US$11,352.7m but but EBITDA eased by 0.3 per cent to US$2001.2m as Mexico continues to drag on the company's performance although substantial improvements are seen in the US. The trading profit improved by 12.3 per cent to US$926.3m while the net interest charge increased by 8.3 per cent to US$1,139.4m. The pre-tax loss was reduced by 27 per cent to US$174.3m, but a 53 per cent increase in the tax cha... |
Cemex Latin America cement shipments edge ahead, grows stronger downstream24 October 2013, Published under Cement NewsCemex Latin American Holdings' turnover for the first nine months of the year advanced by eight per cent to US$1287.8m, while the EBITDA increased by 16.2 per cent to US$474.4m. The increase at the trading level was a little less at 14.1 per cent to US$405.4m. After a net interest charge of US$86.8m, the pre-tax profit amounted to US$309.1m. Net debt at the end of September stood at US$1345m, to give a gearing level of 94.7 per cent, with 88 per cent of the total gross debt being denomina... |
Holcim, Cemex Europe deal to be examined21 October 2013, Published under Cement NewsEU antitrust regulators will assess a bid by Cemex to acquire Holcim's cement operations in Spain following a request from Spanish authorities, the European Commission said. Cemex and Holcim announced plans back in August this year to exchange some assets and combine others in Germany, Czech Republic and Spain to boost profit amid tough conditions in the European construction sector. The Spanish part of the deal involved Cemex and Holcim combining all their cement, ready-mix and aggregate... |
Cemex third quarter loss expected to narrow21 October 2013, Published under Cement NewsCemex is expected to post a narrower third quarter loss for the July-September period of 2013 led by a pick-up by US sales, the company’s biggest market. According to a Reuters' survey of six analysts, the Mexican cement major is expected to report a loss of US$22m compared with a loss of US$203m a year earlier. An increase in US sales is expected to offset weak performances in Europe and Mexico, the news agency said. Analysts expect third-quarter results to show that Cemex sold more cemen... |
Cemex to open 0.45Mta mill in Clemencia, Colombia09 October 2013, Published under Cement NewsCemex has scheduled the inauguration of its new 0.45Mta cement grinding unit in Clemencia, Colombia. The mill will produce two types of cement – for general use and structural applications – to distribute in bags and bulk. It is expected that the output will be supplied to large projects under development along the Caribbean coast. Construction of the COP120bn (US$64m) works started last November and the plant’s first output is expected on 30 November. |
Fitch rates Cemex outlook Stable07 October 2013, Published under Cement NewsFitch Ratings has assigned 'BB-/RR3' ratings to Cemex's proposed floating rate senior secured notes due in 2018 and senior secured notes due in 2021. The 2018 and 2021 notes will be guaranteed by Cemex Mexico, Cemex Concretos, Empresas Tolteca de Mexico, Cemex Espana, New Sunward Holding BV, Cemex Asia BV, Cemex Corp, Cemex Egyptian Investments BV, Cemex Egyptian Investments II BV, Cemex France Gestion, Cemex Research Group AG; Cemex Shipping BV and Cemex UK. The rating outlook for Cemex ... |
USA: conservation group eyes Davenport cement plant03 October 2013, Published under Cement NewsLos Altos-based Sempervirens Fund, one of several conservation groups to recently secure 8500 mountainous acres above the Davenport cement facility, formerly owned by Cemex, is interested in acquiring the plant site as part of an ambitious plan to permanently protect the sparsely populated, postcard-beautiful coastal mountains above Santa Cruz. The idea is in the very early stages, but Sempervirens Fund recently received a US$10,000 grant from the Center for Creative Land Recycling to furt... |