Cement News tagged under: Cemex

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Cemex Philippines sees 63% fall in 9M17 income

30 October 2017, Published under Cement News

Cemex Holdings Philippines Corp said on Friday that its net income for the first nine months of 2017 had fallen 63 per cent as a result of lower prices and volumes amid heightened competition. Net profit in the 3Q17 declined to PHP688m (US$13.33m) from the PHP1.88bn reported in the same period last year primarily due to lower prices and volumes. The company said financial expenses fell 39 per cent from a year ago following the refinancing of the company's dollar-denominated loan with ...

Cemex 3Q17 net sales total US$3.5bn

27 October 2017, Published under Cement News

Cemex announced that its consolidated net sales reached US$3.5bn during the 3Q17, representing an increase of two per cent, or an increase of one per cent on a like-to-like basis, versus the comparable period in 2016. Operating EBITDA decreased by eight per cent during the quarter to US$702m versus the same period in 2016. Fernando A Gonzalez, Cemex Chief Executive Officer, said: "We are pleased with the double-digit, year-to-date growth in operating EBITDA in our two largest markets: Mex...

Cemex forecasts 0.5Mt required to restore Mexican earthquake damage

27 October 2017, Published under Cement News

Cemex said on Thursday that reconstruction efforts from two major earthquakes that hit Mexico last month will likely require 500,000t of cement over the next 12 to 18 months. The quakes, which together killed more than 470 people, collapsed dozens of buildings and damaged more than 180,000 homes across the country.

Cemex, Holcim, Cementos Argos face cartel allegations in Colombia

16 October 2017, Published under Cement News

Cemex, Holcim and Cementos Argos have 20 days to respond to allegations of cartelisation in the Colombia’s cement market. If the evidence against the companies is found conclusive, they could be subject to fines of up to COP70bn (US$23.9m) per infraction. The investigation started in August 2013 when the Superintendency of Industry and Commerce (SIC) opened an investigation and formulated a statement of objections against Cementos Argos, Cemex, Holcim, Cementos Tequendama, Cementos San Ma...

Cemex fleet first to achieve carbon neutral certification in Colombia

13 October 2017, Published under Cement News

Cemex announced that it has received de Sello Verde de Verdad (True Green Label), granted by Colombian company Ecologic SAS, and the certification of neutralisation of transport-related GHG emissions in Colombia, issued by the Colombian Institute of Technical Standards and Certification (ICONTEC Internacional). This certification makes the cement producer the first company in the country with carbon neutral certification on its entire fleet.  “We are proud to say that Cemex’s fleet in Col...

Cemex will supply concete for Mexico City's new international airport

03 October 2017, Published under Cement News

Cemex has announced  it will supply 320,000m 3 of concrete for the Terminal Building of Mexico City’s new international airport. In addition to the Terminal, Cemex previously announced the supply of 845,000m 3 of concrete for the construction of Runway 2, of which 770,000m 3 will be utilised for the cemented base. The Terminal Building will be "X" shaped and comprise a surface area of approximately 734,000m 2 distributed on four levels, as well as 95 fixed contact doors and 68 remot...

Cemex sells remaining direct GCC interest

28 September 2017, Published under Cement News

Cemex annnounced it has sold 31,483,332 shares of common stock (the "Shares") of Grupo Cementos de Chihuahua, SAB de CV (GCC), which represents approximately 9.47 per cent of the equity capital of GCC. Proceeds from the sale were around US$168m, which will be used mainly for debt reduction and general corporate purposes. Cemex continues to have an approximate 20 per cent indirect interest in GCC through CAMCEM, SA de CV, an entity that owns a majority interest in GCC and in which Cemex ha...

S&P upgrades Cemex to BB

26 September 2017, Published under Cement News

Cemex SAB de CV announced that S&P Global Ratings upgraded its corporate credit rating in its global scale to BB from BB-. According to S&P, the upgrade reflects the continued improvement of Cemex's financial performance and leverage metrics during 2017, fuelled by a faster-than-expected completion of the asset divestment plan, the early conversion of part of the optional convertible notes due March 2018, and a generally favourable business conditions in its main markets. In addition, S&P...

Cemex participates in cross-sector EPOS project

15 September 2017, Published under Cement News

Cemex is participating in the European Union supported EPOS project designed to foster cross-sector industrial symbiosis. The project will highlight case studies exemplifying ways for companies to use wastes from other industries to deliver greater efficiency, save raw materials and contribute to more sustainable processes. Cemex’s South Ferriby cement plant in the UK has already worked with the UK-based INEOS chemical company, to determine how waste from INEOS’s production could be used ...

Cemex celebrates 25 years of global growth

14 September 2017, Published under Cement News

Cemex celebrates the 25th anniversary of the start of its globalisation strategy by commemorating the company’s entry into the Spanish market in 1992. Cemex began its international diversification strategy by acquiring Spanish companies Valenciana de Cementos Portland and Auxiliar de la Construcción – at that time the two largest cement makers in Spain. Initiated in 1992, its global diversification strategy enabled Cemex to consolidate its position as one of the most important compet...