Cement News tagged under: Cemex
Cemex launches refinancing plan26 June 2012, Published under Cement NewsCemex launched a proposal on Monday to refinance debt due in 2014. The company said it will propose a three-year extension of debt maturing in February 2014 to February 2017, and it plans a US$1bn pay down of debt in 2013, which may include some asset sales. The company said it had meetings scheduled with its lenders on June 29 and July 2 to discuss the refinancing proposal, which was negotiated with a number of its banks. The proposal also includes an upfront fee and revised margin, the s... |
Cemex launches 'Oceans: Heart of Our Blue Planet' book20 June 2012, Published under Cement NewsCemex UK and Conservation International Europe have presented their book, Oceans: Heart of Our Blue Planet, at a Royal Society reception in London. The book, which has also been developed in association with the International League of Conservation Photographers and other conservation bodies, outlines life’s dependency on a healthy ocean.??Through analysis from renowned marine scientists and with over 150 images by leading photographers, the book aims to offer innovative and creative solu... |
Cemex Mary Nour fine upheld by antitrust authority15 June 2012, Published under Cement NewsCemex has said Mexico’s antitrust agency upheld a fine of MXP10.2m (US$729,000) against the company for blocking a 2004 cement shipment from Russia, according to Bloomberg reports. Cemex sees the fine as unfounded and will seek an injunction against it, said Jorge Perez, a company spokesman. The Monterrey, Mexico-based company appealed the fine, which the nation’s Federal Competition Commission imposed in February. The blocked delivery occurred when a group of competitors tried to impor... |
Cemex targets 35% alternative fuels substitution by 201514 June 2012, Published under Cement NewsCemex has set a target of a 35% alternative fuel substitution rate in cement production by 2015, and is on track to make it happen. Cemex recently announced that it has invested more than US$175m, adjusting its production process and installing equipment to prepare, handle and feed alternative fuels into its cement kilns. In 2011, Cemex achieved approximately a 25% alternative fuel substitution rate in its cement production, the highest rate among its global peers. The alternative fu... |
Cemex wins arbitration over sale of some European assets13 June 2012, Published under Cement NewsCemex said Monday that an arbitration court has ordered Austria's Strabag SE pay Cemex EUR30m plus interest and other costs after the European company pulled out of a 2008 agreement to buy Cemex assets in Austria and Hungary. C emex said in a filing with the Mexican stock exchange that the International Arbitration Court of the International Chamber of Commerce ruled on May 31 that Strabag's termination of the agreement was invalid, and that the sides were notified on 1 June, according to r... |
Cemex supplies ready-mix concrete to Euro 2012 stadium, Poland08 June 2012, Published under Cement NewsCemex announced today that it has provided 50,000m3 of ready-mix concrete for a state-of-the-art soccer stadium that will host several games of the UEFA EURO2012 Poland-Ukraine championship, including the game in which Spain will start the defense of its UEFA EURO2008 title, against rival Italy on June 10. The new PGE Arena Stadium in Gdansk, Poland, has a capacity of 42,000 spectators and won the Architecture and Design Award at the Stadium Business Awards in May 2012. “Our participation... |
Cemex to supply large Qingdao urban complex, China01 June 2012, Published under Cement NewsCemex announced today that it is supplying nearly 60,000m3 of ready-mix concrete for the first stage construction of what is expected to be the largest urban complex in the Chinese city of Qingdao, in the eastern Shandong province. Qingdao is a major city with a population of approximately 7.6 million permanent inhabitants and in 2009 was named China’s most livable city by the Chinese Institute of City Competitiveness. Cemex was awarded the Hua Run Center project after a competitive biddin... |
Cemex secures contract to supply concrete for Shetland Gas project28 May 2012, Published under Cement NewsThe first batch of concrete from CEMEX UK has been delivered for the construction of a new UK£500m onshore gas plant in the Shetland Islands. The contract, providing over 25,000m3 over 12 months, was awarded by Morrison Construction, Galliford Try’s Scottish construction business. The Cemex solution to providing concrete in one of the remotest parts of Britain is the erection of a mobile plant on site, modified to deal with the anticipated cold weather, and the complex logistics co-ordinati... |
Spanish cement woes continue28 May 2012, Published under Cement NewsSpanish cement consumption continues its downward spiral with latest data showing monthly figures hitting a 46-year low as budget austerity and high unemployment continue to inhibit activity. Depressed volumes are now forcing local producers to initiate restructuring and cost-cutting measures as the bottom of the decline is yet to be seen. Following the spectacular burst of the Spanish housing bubble in 1998, the country's residential sector has faced high housing inventory levels and a l... |
Cemex to supply cement for Central America’s first Metro system25 May 2012, Published under Cement NewsCemex announced today that it is supplying nearly 100,000t of cement for the construction of Line 1 of the Panama Metro, a stretch of approximately 14km that is intended to connect two key hubs of the metropolitan area of Panama City. With this project, Panama would become the first country in Central America with a Metro system. The Metro line will be both above and below ground and will require the construction of tunnels, trenches, and viaducts, as well as the railway. The Metro line wil... |