Cement News tagged under: Cemex
Cemex announces pricing of senior notes25 September 2013, Published under Cement NewsLeading Mexican cement major Cemex priced US$1.4bn in senior notes Wednesday. The debt sale comes after the Mexican government's issuance Monday of US$3.9bn in 10-year global bonds, of which around US$2.5bn were used to extend the average maturity of the government's foreign debt. Cemex said it priced US$1bn in notes due 2021 with fixed annual interest of 7.25 per cent, and US$400m in notes due 2018 that will pay a floating rate of 4.75 percentage points above three-month Libor. The compan... |
US to drive gains in Cemex EBITDA – report23 September 2013, Published under Cement NewsThe US construction sector is expected to be the main driver behind an annual 12.6 per cent rise in Cemex’s EBITDA over the next five years, a report by Banco Monex has stated. Cemex is expected to achieve an annual growth rate in sales and EBITDA of 6.7 per cent and 12.6 per cent respectively over the next five years, driven by a recuperation of the US construction sector, the report said. In the first half of this year, Cemex’s United States, turnover advanced by a further 8.4 per cent t... |
Cemex starts affordable housing construction project, Dominican Republic05 September 2013, Published under Cement NewsCemex has launched the construction of 186 units of affordable housing in the province of San Pedro de Macoris, during a ceremony headed by the President of Dominican Republic, Danilo Medina. The 186 homes are part of the first stage of Altos del Higuamo project, which includes the construction of 568 houses with a total investment of approximately US$18m. The first 60 units will be delivered in December 2013. This housing complex is outstanding in its category and includes green, instit... |
Holcim and Cemex to swap, combine assets in Europe28 August 2013, Published under Cement NewsHolcim and Cemex have reached an agreement to conduct a series of transactions to exchange and combine assets in parts of Europe with the aim of improving synergies and boosting operating profit. Cemex increase its presence in Central Europe through the acquisition of Holcim Cesko in the Czech Republic. The deal includes one cement plant (cement and clinker capacities of 1.1Mta and 0.9Mta, respectively), four aggregate quarries and 17 ready-mix plants. Holcim said it will continue to serve... |
Cemex seeks further collaboration for housing and infrastructure projects21 August 2013, Published under Cement NewsDuring its participation in the XLVIII Inter-American and Caribbean Housing Conference, Cemex announced that it has collaborated in the development of infrastructure projects, as well as in the construction of close to 10,000 housing units. Speaking at the event in the Chilean capital Santiago, Carlos González, president of Cemex in the Dominican Republic and leader of Cemex's Infrastructure and Housing Initiative, exemplified the diverse integrated solutions that Cemex offers the market, ... |
Cemex opens new marine terminal in Norway16 August 2013, Published under Cement NewsThe southern Norwegian port of Kristiansand is now home to Cemex’s fifth marine terminal. “With this strategically-located terminal in Kristiansand we close the gap between the west and east coast of Norway, because we could not reach this geographic region by truck,” explained Andreas Rotermund, Cemex Deutschland’s commercial and logistics vice president. The first cement cargo to be unloaded at the terminal was shipped from Cemex OstZement’s Rüdersdorf works in Germany. Following the... |
Cemex launches new cement product in Mexico09 August 2013, Published under Cement NewsCemex in Mexico has introduced a new product to the market, EXTRA cement, the result of almost three years of research and development. EXTRA cement is especially designed at the molecular level to reduce cracking due to plastic contraction by up to 80 per cent during the curing periods for concrete and mortars. It also creates a more manageable mix with better integration and cohesion, according to a statement released by Cemex. The curing process begins during the first few hours af... |
Cemex announces pricing of US$1bn senior secured notes06 August 2013, Published under Cement NewsCemex announced today the pricing of US$1bn of senior secured notes denominated in US dollars. Cemex intends to use the approximately US$995m of net proceeds from the offering to purchase a portion of the 9.50 per cent Senior Secured Notes due 2016 issued by Cemex Finance LLC, and the remainder, if any, for general corporate purposes, including the repayment of other indebtedness. Cemex currently expects to purchase a portion of the 2016... |
Fitch upgrades Cemex to B+01 August 2013, Published under Cement NewsFitch upgraded its foreign and local issuer default rating of Cemex to B+ from B, the ratings agency said in a report. The upgrade is based on Cemex's improved capital structure and "the gradual improvement in the US cement market and an improving outlook for the growth in the company's EBITDA and cash flow," Fitch said. Fitch's action also takes into account the "improved confidence of the capital markets," as a result of Cemex's debt refinancing and the IPO of its Latin America subsid... |
Cemex Tilbury reaches cement production milestone, UK30 July 2013, Published under Cement NewsThe Cemex grinding and blending cement plant at Tilbury, UK, has produced its millionth tonne of cement and has also achieved an increase of 26 per cent in production, while decreasing its consumption of energy by 28 per cent since it was opened in 2009. The 1Mt of cement will make approximately 300,000m3 of concrete for use in construction projects. When it opened in 2009, Tilbury was the first plant in the country to install vertical cement mill technology which has led to energy savin... |