Cement News tagged under: Cemex

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Cemex Day 2018

23 March 2018, Published under Cement News

Cemex CEO, Fernando Gonzalez, opened the Cemex Day 2018 on 15 March, claiming that over the last four years they had built a stronger company, including achieving a US$6bn debt reduction and the highest net income in a decade at US$800m. Troubling countries for Cemex were Colombia and Egypt, but the multinational still delivered EBITDA of US$2.6bn in 2017. The company also announced US$250m strategic capex spending for 2018, targetting assets in the emerging cement markets of Brazil and...

Cemex not to pursue capital increase

23 March 2018, Published under Cement News

Cemex announced it will not pursue its earlier-announced planned capital increase following consultation with its shareholders. “As we discussed on Cemex Day, our management team’s priority is to achieve an investment grade capital structure, as the foundation of our value creation strategy” said CEO, Fernando Gonzalez. “We are highly focussed on our long-term strategic objective of maximising shareholder value. After listening to the feedback from our shareholders, we have decided not t...

Five Cemex plants become the first facilities to receive CSC certification

22 March 2018, Published under Cement News

Cemex has announced that five of its concrete plants in California have earned Responsible Sourcing Certification from the Concrete Sustainability Council (CSC), becoming the first facilities of any company in the USA to receive this designation. The five plants – located in Oakland, San Carlos, Santa Clara, San Jose, and San Francisco – met the CSC requirements as confirmed via an audit by SGS, an independent, third-party certification body. "Sustainability is a guiding principle at ...

Cemex considering Brazil and India entry

20 March 2018, Published under Cement News

Cemex CEO, Fernando González, said the company is considering entering two new emerging markets, Brazil and India, according to Construction LatinoAmericana. "We could make acquisitions if they meet the conditions we have set, but if we do not find an attractive option to buy, we will do something else," the executive said, referring to a possible repurchase of shares. During the Cemex Day 2018, the CEO said that the Board planned to ask shareholders in April to authorise the sale o...

US Department of Justice to investigate Cemex over Maceo plant payments

15 March 2018, Published under Cement News

The US Department of Justice is investigating Mexico's Cemex SA over payments concerning the construction of the Maceo cement plant in Colombia. Cemex is being investigated over whether it violated federal bribery laws. Cemex said in a filing Monday that it had received a federal grand jury subpoena related to the Colombian project, located in the municipality of Maceo. According to a September 2016 filing, Cemex paid roughly US$20m to a non-governmental employee of CI Calizas y Minera...

Cemex is the first company to operate plants by remote control

13 March 2018, Published under Cement News

Cemex has announced that it is the first company in the industry to successfully operate plants by remote control. The company’s monitoring and remote control system, Centro de Control Cemento (C3), operates in real time and tracks the live data of 14 cement plants, 25 kilns and 86 grinding mills in Mexico, alongside a facility in Colombia and another in the US. Cemex created the C3 to unify the control systems of all its cement plants to make real-time optimal decisions. From its central ...

Three Cemex USA quarries win NSSGA awards

09 March 2018, Published under Cement News

Cemex USA's FEC Quarry in Miami won the National Stone, Sand & Gravel Association (NSSGA) 2018 Platinum Award for Excellence in Community Relations. Two other Cemex USA facilities in Florida also received community recognition from the NSSGA.   Kirk Light, Cemex USA Regional President – Florida region, accepted the award during a ceremony at the NSSGA's Annual Convention in Houston, Texas.   "The FEC Quarry and all of our operations in Florida are committed to developing long-lasting rela...

Caribbean Cement plans 2-year maintenance programme

16 February 2018, Published under Cement News

Following a challenging 2017, Jamaican cement producer Caribbean Cement expects to roll out a two-year maintenance programme that includes a programme of reinvestment in the Rockfort plant near Kingston. "After defining 2017 as a year of transition, the board of directors is now focused on consolidation of ongoing initiatives in health and safety, and roll-out of a two-year maintenance plan to ensure improved production performance and cement output," said the statement signed by Chairman ...

Cemex renews Birdlife conservation partnership

15 February 2018, Published under Cement News

Cemex announced it is renewing its partnership with Birdlife International, the world’s largest nature conservation partnership. The renewal extends the cement producer’s 10-year partnership by a further three years. “Cemex and BirdLife’s joint efforts have significantly improved the biodiversity of Cemex’s quarries, such as its Cerrito Blanco Quarry in northwestern Mexico. As a result of this BAP implementation, Mexico’s national bird, the Golden Eagle, is benefitting from a focussed con...

Cemex conducting pilot tests for Magdalena river transport

14 February 2018, Published under Cement News

To improve its operational efficiency, Cemex has started running pilot tests to transport cement via the Magdalena River in Colombia. Cement is transported from central Colombia to the Caribbean region during these trials. On the first trip, some 950t were transported from the main plant at Caracolito to Sociedad Portuaria de Barranquilla. The river journey took six days with the entire trip from Ibague via Barrancabermeja to Barranquilla taking 17 days. For Juan Carlos Muñoz, vice pre...