Cement News tagged under: Cemex

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Cemex’s lower trading profit offset by lower tax rate/interest charge

09 February 2018, Published under Cement News

Cemex' turnover improved by 2.4 per cent in 2017 to US$13,672.2m. EBITDA declined by 9.1 per cent to US$1725.2m and the trading profit fell by 15.8 per cent to US$1523.1m. The net interest charge, however, declined by 10.9 per cent to US$1022.3m, but still giving a pretax profit 22.9 per cent lower at US$723.4m. The tax charge was some 83 per cent lower and deconsolidated activities had also been profitable, giving a net attributable profit 7.5 per cent ahead at US$806.2m. Net debt, inclu...

Cemex speeds up Maceo opening

08 February 2018, Published under Cement News

Cemex Latam Holding has confirmed that it is solving the legal issues that prevent the opening of its new plant in Maceo, Antioquía, Colombia. The inauguration of the works was postponed in May 2017 after authorities found the plant did not have all required permits to start operation. Jaime Muguiro, the company’s president, said the company was still awaiting authorisation for the capacity expansion. At present, capacity is limited to 0.25Mta, but Mr Muguiro indicated that the facili...

Leading cement companies form the GCCA

31 January 2018, Published under Cement News

Nine leading companies in the cement sector have launched the Global Cement & Concrete Association (GCCA). The founding members are Cemex, CNBM, CRH, Dangote, Eurocement, HeidelbergCement, LafargeHolcim, Taiheiyo and Votorantim. The GCCA has been created to develop and strengthen the industry’s contribution to sustainable construction, according to a press release.   In order to achieve this, the GCCA will promote the development of durable and environmentally conscious infrastructure at ...

Cemex to restructure Puerto Rico operations

11 January 2018, Published under Cement News

Following its significant fall in domestic cement sales, Cemex Puerto Rico has announced changes to its operations effective this month. While the company did not disclose further details about the number of dismissals, it aims to protect the highest number of jobs possible. The cement producer will also modify operations at its Ponce works, which will operate as a grinding unit. Cemex Puerto Rico President, Jorge Rojas, the current conditions in the local market prevent the compa...

Cemex Colombia to pay SIC fine, object via litigation

08 January 2018, Published under Cement News

Cemex Colombia announced that it proceeds to pay the value of the fine imposed by the country's Superintendency of Industry and Commerce (SIC) in September 2013, amounting to the sum of US$25.3m. The investigation is in line with Resolution 81391 of 11 December 2017 which saw the SIC fine Cemex Colombia, along with Cementos Argos and Holcim Colombia) and to six individuals for price fixing of grey cement in the national market. The company decided not to file an appeal for reversal ag...

Cemex receives environmental approval for Solid Cement expansion

18 December 2017, Published under Cement News

Ceemex has been given the all clear from the Department of Environment and Natural Resources (DENR) for the its proposed expansion of its cement plant the Antipolo City, Rizal, Philippines. The Solid Cement Corp (SCC) plant will be expanded by 1.5Mta, doubling cement capacity at the facility with the new line. Cemex Holdings Philippines (CHP) signed a contract with CBMI Construction Co Ltd to commence the first phase of SCC's expansion project in Antipolo City in May 2017.

Cementos Argos, Cemex and Holcim fined COP200bn

13 December 2017, Published under Cement News

Colombia has fined Cementos Argos, Cemex and Holcim over COP200bn (US$66m) for fixing prices, according to Reuters. The fine has been applied to the companies and some of its managers. In total, the companies represent 96 per cent of Colombia’s cement market and allegedly agreed to set prices between January 2010 and December 2012. Cement prices in this period increased 29.9 per cent whilst inflation was just 9.3 per cent. Holcim released a statement protesting the fine applied by the ...

Cemex receives waste tyre hoard in Queretaro

08 December 2017, Published under Cement News

Cemex is taking used tyres off the street in Santiago de Queretaro, Mexico, thanks to a local authority initiative to clean up tyres left on vacant urban land and in the drainage system of the city. The Mayor Marcos Aguilar Vega announced that up to 3905 wheels were collected during the first Llantaton 2017, held a few weeks ago, and that add to that are harvested during the year. "So as in alliance with tire companies and a cement factory, these programme are made to remove the tyres ...

Schneider wins Assiut cement electrical order

29 November 2017, Published under Cement News

Schneider Electric has contracted to supply and install all electrical works for Cemex's Assiut cement factory. Mohamed Shahin, head of the company’s industries sector in Egypt and Africa, said that Schneider Electric contracted with Assiut cement factory to supply the low and medium electrical panels and will begin supply next year.

Cemex Go - a digital customer platform is launched

27 November 2017, Published under Cement News

Cemex has launched a fully-digital customer integration platform called Cemex Go. The platform combines Cemex's industry leadership with cutting-edge digital innovation. Cemex Go is a multi-device providing real-time, detailed information for order placement, live tracking of shipments, and managing invoices and payments for Cemex's main products, including bagged and bulk cement, ready-mix concrete, aggregates, and multi-products. Fernando A Gonzalez, CEO of Cemex, said: "Cemex Go moves ...