Cement News tagged under: Cemex
Cemex's nine-month EBITDA rises 9%16 October 2012, Published under Cement NewsIn the first nine months of the year, Cemex’ turnover decreased 2.1 per cent to US$11,273.8m but the EBITDA did improve nine per cent to US$2003.2m. The company's gearing is coming down but is still at very high levels. For the nine months to September 2012, the trading profit rose by 37.8 per cent to US$1921.8m and the net interest charge increased by 3.7 per cent to US$1044.8m. After taking losses on financial instruments and other non-trading items into account, the pre-tax loss, whic... |
Cemex interested in investing in INC15 October 2012, Published under Cement NewsIndustria Nacional de Cemento, has reported that Mexican cement giant Cemex has expressed an interest in investing in the Paraguayan state-owned producer. According to INC’s head, Carlos Krüssel, Cemex would transfer its technology to and possibly invest in INC. Mr Krüssel just completed a visit to a Cemex plant in Mexico to learn about Cemex’s plants and their experience in the provision of services and other products such as precast concrete. INC plans to expand its range of services a... |
Cemex signs agreement for Dominican Republic home construction09 October 2012, Published under Cement NewsCemex in the Dominican Republic and the Venezuelan business group BAK have signed an agreement to build a 760-home residential project which will integrate residential, commercial, social, recreational, and educational uses. The homes will be priced as low as US$48,000. The Colinas del Viento housing project will be located in northern Santo Domingo and comprise 760 units, 124 of which will be ready by next year. This innovative urbanization project has “Welcome Home” as its slogan, and i... |
Cemex sees 9% increase in 3Q12 operating EBITDA05 October 2012, Published under Cement NewsCemex said on Thursday it expects to report a nine per cent rise in operating cash flow in the third quarter of 2012, compared with the year-earlier period, although sales in dollar terms are expected to be down about two per cent. This is Cemex’s first results guidance in more than three years. The Mexican cement major said that adjusted for currency swings, sales in the third quarter were probably up three per cent from a year earlier, and EBITDA was likely 13 per cent higher. The res... |
SITA UK to supply solid recovered fuel (SRF) to Cemex in Latvia01 October 2012, Published under Cement NewsRecycling and resource management company, SITA UK, has signed a three-year contract to supply 180,000t of solid recovered fuel to Cemex in Latvia. The fuel will be produced by processing residual commercial waste in a new, purpose-built facility at Ridham Docks in Kent. Once processed, the solid recovered fuel material will be used as a fossil-fuel replacement at Cemex’s cement production facility in Broceni, southern Latvia. Speaking about the contract, Andy Hill, Organics and Altern... |
Cemex launches Fortium ICF26 September 2012, Published under Cement NewsCemex announced the US launch Fortium ICF, a new construction material specifically engineered to reduce the time and material needed to build vertical concrete wall systems, such as Insulated Concrete Form (ICF) building envelopes, while providing substantial savings in long term maintenance and energy costs. Fortium ICF employs cutting-edge advancements in mineralogy and nanotechnology to improve the performance of concrete at a microscopic level, and eliminates fully up to 75 per cent ... |
Govt to appeal court order Assiut Cement renationalisation, Egypt19 September 2012, Published under Cement NewsThe Egyptian government plans to file an appeal against a Thursday court ruling renationalising Assiut Cement, Industry and Foreign Trade Minister Hatem Saleh told Ahram Online on Tuesday. Since its privatisation in 1999, Assiut Cement has been 95.8 per cent owned by Cemex. On the sidelines of Tuesday's Egyptian National Competitiveness Conference, Saleh said the government would grant seven new licenses for Egypt-based cement companies once ongoing energy shortfalls were resolved. (... |
Cemex to increase Philippine capacity18 September 2012, Published under Cement NewsCemex announced today that it is planning to expand the cement production capacity of its APO plant in the Philippines by 1.5Mta. Through an investment of approximately US$65m, the company will increase production and strengthen its distribution network to better serve high-demand areas throughout the country. The increase is expected to be operational by the first quarter of 2014. With this new investment, Cemex will keep pace with the Philippines market’s rapid growth. The country regist... |
Cemex completes refinancing deal, Mexico18 September 2012, Published under Cement NewsCemex said on Monday it has completed its plan to refinance US$7.2bn of debt and push back maturities by up to four years. Last week, the company and nearly all of its creditors finally settled on a new agreement that includes a debt swap, a US$1bn prepayment in March 2013, some asset sales, and revised financial covenants. Participating creditors will now receive about US$6.16bn in a combination of new loans and new dollar private placement notes, plus US$500m of new, high-yield notes ... |
Court ruling threatens to nullify Cemex stake in Assuit, Egypt14 September 2012, Published under Cement NewsCemex said on Thursday its Egyptian unit Assiut Cement Co has learned of a preliminary ruling by a court in Egypt that could nullify the agreement under which Cemex bought a majority stake in the company more than a decade ago, Dow Jones Global Equities News reports. Assiut Cement is fighting the decision. It will continue to operate as usual, Cemex said in a statement to the Mexican Stock Exchange. Cemex bought its stake in Assiut from Metallurgical Industries Co., a state-run Egyptian ... |