Cement News tagged under: Cemex
Cemex Lat'Am publishes 2012 results07 February 2013, Published under Cement NewsAs a result of the flotation of a minority stake in the Central and South American operations of Cemex, Cemex Latin American Holdings' 2012 results have just been published for the first time, on the eve of the parent company's annual results announcement. The pro forma figures show a 25.4 per cent increase in turnover to US$1591.7m and an EBITDA advancing by 44.4 per cent to US$547.5m as the margin increased from 29.9 per cent to 34.4 per cent. The trading profit showed a 55.3 per cent a... |
Cemex expected to narrow fourth-quarter loss06 February 2013, Published under Cement NewsCemex is expected to narrow its net loss in the fourth-quarter of 2012 from a year earlier, helped by improved performance in its main US market and cost reduction. A Reuters poll showed six analysts on average forecast that Cemex lost US$47m in the October-December period, compared with a net loss of US$146m in the same period of 2011. Analysts' forecasts ranged from earnings of US$77m to a loss of US$134m. |
Cemex awards CCTV order to VUE, UK25 January 2013, Published under Cement NewsUK-based vehicle CCTV firm, VUE, has won a contract to supply vehicle CCTV systems to Cemex UK, as part of the company’s ‘Cyclist safety’ strategy. Cemex operates more than 400 vehicles which transport cement, aggregates and ready-mixed concrete. The company has been playing a leading role in improving safety awareness among cyclists and has made numerous safety improvements to its fleet of vehicles, including additional signage, mirrors and proximity sensors. The latest phase o... |
Cemex develops standardised water management project11 January 2013, Published under Cement NewsCemex has developed a methodology to standardise water management across all of the company’s operations. Starting this year, this methodology will be rolled out to all of the businesses in the countries in which Cemex operates in order to minimise the company’s water footprint and increase its water efficiency. This “Water Project” is the result of a three-year partnership between Cemex and the International Union for Conservation of Nature (IUCN) on the improvement and efficiency of wat... |
CRH 's development spend reaches almost €630m in 201203 January 2013, Published under Cement NewsIn an update on its spending for the second half of the year, CRH said it had agreed 18 acquisition and investment initiatives of €375m. The transactions completed since the end of June bring full year 2012 development activity for the group to almost €630m. During the six month period, CRH said its Americas division agreed 12 deals worth a total of €256m. This included a majority stake in New Jersey's Trap Rock Industries and and also completed five other bolt-on transactions during the pe... |
Cemex invests in wastewater treatment, Dominican Republic03 January 2013, Published under Cement NewsCemex will invest DOP80m (US$2m) in a wastewater treatment plant for its San Pedro de Macorís cement works in the Dominican Republic as well as a continuous emissions monitoring system for its kiln stack. "Our challenge is to seek the prosperity of the business in the long term, minimising impacts and maximising the value generated for our people, our communities, neighbours, business partners and the environment," said Mercedes Pantaleón, environmental manager of the company. Cemex rep... |
Cemex completes financial plan for 201218 December 2012, Published under Cement NewsCemex announced today the completion of its financial plan for 2012, which included several transactions to refinance and/or prepay debt scheduled to mature through 2014, thereby increasing the company’s financial flexibility and significantly reducing its refinancing risk. Under this year’s financial plan, Cemex reduced the amount of debt maturing through March 2015 to about US$650m, at currently prevailing foreign-exchange rates, of which approximately US$600m matures during the first qu... |
Put option exercised on Cemex's Colombia IPO13 December 2012, Published under Cement NewsCemex's Latin American subsidiary Cemex Latam Holdings (CLH) will buy back the overallotment portion of its 15 November IPO. The subsidiary will buy the 22.2 million shares included in a put option at US$6.75 each and hold those shares in treasury, Cemex said in a statement. The purchase amounts to around US$150m. Cemex Latam raised about US$1.15bn from last month's share offering via the sale of just over 170 million shares. Of the total shares, 148.2 million were sold in a public ... |
Cemex leads the charge on US pricing03 December 2012, Published under Cement NewsCemex is planning two incremental cement price increases in January and April 2013 in a bid to reverse the "chronic under-pricing of cement in the US", says Karl Watson, president Cemex USA. Speaking at a presentation in Mexico on Tuesday this week, Watson said that the price increases of US$8/t each are integral to the company's goal of achieving an EBITDA of over US$1bn by 2016. "Prices, in real terms, averaged US$154/t in the 1970s. The current industry price of, on average, US$90/t is... |
Cemex sees improved US results going forward28 November 2012, Published under Cement NewsCemex expects improved results at its US operations between 2013 and 2016 as the local market has shown stronger than expected trends, allowing for improved profitability. Karl Watson, president of Cemex USA, told analysts during a presentation on Tuesday the company expects US housing starts to increase 16 per cent next year, reaching 873,000. The company forecast US residential sector cement demand will increase by 14 per cent in 2013. Watson said US annual cement sales are now about... |