Cement News tagged under: Cemex
Cemex Latin American Holdings recovers in 2Q25 July 2013, Published under Cement NewsCemex Latin American Holdings' first-half turnover improved by 2.8 per cent to US$814m and the EBITDA rose by 12.2 per cent to US$306.4m. The increase at the trading level was a somewhat more modest 7.3 per cent to US$260.3m. After a net interest charge of US$58.8m, the pre-tax profit emerged at US$193.4m. Net debt at the end of June stood at US$1411m, giving a gearing level of 103.9 per cent. Cement shipments in the period was 1.7 per cent lower at 3.62Mt, while aggregates deliveries wer... |
Cemex to raise Mexican cement prices by 4%12 July 2013, Published under Cement NewsCemex said Thursday it plans to raise prices of grey cement in Mexico by about four per cent starting next Monday. The increase will compensate for higher raw material costs the company faces for cement production, Cemex said in a statement. |
Cemex Mexico launches mobile alternative fuels centre10 July 2013, Published under Cement NewsCemex Mexico has introduced an innovative solid waste sorting system in the form of a mobile plant that will support its efforts to increase the use of alternative fuels. The system is expected to help avoid the emission of 130,000tpa of CO2, Cemex said in a statement. The mobile plant receives crushes, separates, classifies, and compacts solid waste, producing bales that are used as an alternative fuel in cement plants. The system will be replicated throughout the country, beginning with c... |
Cemex Philippines waste-to-energy plans03 July 2013, Published under Cement NewsCemex Philippines is looking into burning solid waste fuel at its plant in APO Cement plant in Naga City, southern Cebu. Rolando Vera Cruz, sustainability director of Cemex Philippines, told The Sun Star that the company hopes to process 300t of waste a day, equivalent to 15 per cent of the total waste generated by the Cebu province. Cemex has joined forces with two waste material recovery facilities, one in Naga City itself and the other in Cebu City. Mr Vera Cruz said the programme has ... |
USA: congressman tours cement plant26 June 2013, Published under Cement NewsCongressman Mike Turner recently took a tour of Cemex’s Fairborn plant. The factory, which has been in operation for more than 80 years, is one of two operating cement plants in the state of Ohio. The facility has the capacity to produce 750,000tpa of cement, but in recent years has produced less than this due to the prevailing economic conditions. According to plant manager Alberto Calleros, the facility is currently operating at 85-90 per cent of its capacity after falling to 60 per ce... |
Cementos Molins buys Cemex’ Sant Feliu works18 June 2013, Published under Cement NewsCementos Molins has reached an agreement with Cemex to buy the latter’s Sant Feliu de Llobregat cement plant near Barcelona. The Sant Feliu works has been out of action for months due to the downturn in the Spanish cement market. However, for now, Cementos Molins does not expect the reactivation of the plant any time soon. The main interest for the plant stems from its market, which will enable to run the Sant Vicenç dels Horts works at a better utilisation rate. At present San Vicen... |
Cemex plans US$100m Egyptian investment04 June 2013, Published under Cement NewsCemex announced today that it expects to invest approximately US$100m (approximately EGP700m) to significantly improve its operations in Egypt and continue supporting the country’s housing, commercial and infrastructure development. Yehia Hamed (left), Egyptian Minister of Investment and Sergio Menendez, President of Cemex Egypt The planned investments were discussed in a meeting between Sergio Menendez, President of Cemex in Egypt, and Yehia Hamed, Egyptian Minister of Inves... |
Cemex to expand capacity in Texas, USA31 May 2013, Published under Cement NewsCemex announced that it plans to expand the production capacity at its Odessa, Texas cement plant by 345,000t to nearly 900,000tpa to keep pace with rapidly growing demand in its West Texas market led mainly by the oil and gas industry. “This expansion reinforces our longstanding history of serving West Texas and the oil and gas industry by providing superior products,” said Karl Watson, Jr, President of Cemex USA. “We look forward to remaining a top cement provider to the oil and gas ind... |
Cemex achieves record alternative fuels substitution rate in Germany14 May 2013, Published under Cement NewsIn April 2013, Cemex's German cement plants attained an alternative fuels substitution rate of 82.6 per cent—the first country within the company’s global operations network to reach this milestone. Furthermore, its Kollenbach cement plant in Beckum, Germany, averaged a 90.9 per cent substitution rate for the month, Cemex announced in a statement. “Beyond significantly reducing fuel costs, our expanding use of alternative fuels fosters the sustainable management of our earth’s natural resou... |
Cemex first quarter sales fall 8% in 1Q1329 April 2013, Published under Cement NewsCemex' first quarter turnover declined by 5.3 per cent to US$3318.6m, while the EBITDA came off by 8.1 per cent to US$521.1m. Volumes were ahead in the USA and in the Philippines, but declined in most other markets. The trading profit was off by just 0.5 per cent to US$239.1m. The net interest charge increased by 9.7 per cent to US$360.7m, giving an underlying pre-tax loss 33.3 per cent higher at US$141.1m. Once the results from financial instruments and foreign exchange movements are tak... |