Cement News tagged under: Central America
Cemex Ventures increases its investment in Carbon Clean13 May 2022, Published under Cement NewsCemex has announced that Cemex Ventures, its corporate venture capital and open innovation unit, is increasing its investment in Carbon Clean. Cemex Ventures has been an early-stage investor in Carbon Clean and used the opportunity of the latest Series C funding round to increase its investment further. "We are happy to increase our investment in Carbon Clean, recognising its significant contribution to scaling carbon capture technology and the decarbonisation of our industry. Its re... |
Cemex extends Executive Variable Compensation programme11 May 2022, Published under Cement NewsCemex has announced that it is expanding its Executive Variable Compensation programme, further reinforcing its commitment to carbon neutrality. The Executive Variable Compensation programme, which includes progress on carbon reduction goals as a variable, will now cover more than 4500 executives in key positions around the world. Starting in 2022, the CO 2 emissions component will have an impact that will range from -10 per cent to +10 per cent in the total cash payout of the Annual Exec... |
Inflationary pressures impact Argos results in the 1Q2211 May 2022, Published under Cement NewsArgos ( Grupo Argos ) reports its 1Q22 generated record revenues of COP2.6trn (US$637.8m), up 11.2 per cent, and EBITDA of COP359bn, 17.8 per cent lower than in the 1Q21, mainly due to higher inflationary pressures that impacted costs associated with raw materials, energy, freight, and operational maintenance. The company highlights the very good price performance in all regions, which is expected to mitigate the impact of inflation on costs going forward. Cement volumes remained stable a... |
USA and Puerto Rico Portland and blended cement shipments up 19% in February09 May 2022, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico saw a 19 per cent hike to 6.8Mta in February 2022 when compared with February 2021, according to the US Geological Survey (USGS). The leading cement-consuming states were Texas, California, Florida, Georgia and North Carolina, which accounted for a combined share of 50 per cent of February shipments. The leading producing states in February 2022 were California, Texas, Florida, Missouri and Alabama... |
Cement shortage hits the Bahamas09 May 2022, Published under Cement NewsCement shortages have hit the Bahamian construction industry at least three times in the past month, according to Stephen Wrinkle, the former Bahamian Contractors Association president. “This has happened three times’ in the past month,” he revealed. “It will have a significant impact if we cannot pour concrete or manufacture blocks. It really impedes construction here. Most of our work is done with concrete and concrete blocks. We’ve had to wait on concrete pours, and it’s disrupted our s... |
Argos recycles 10.9Mm3 of water in 202109 May 2022, Published under Cement NewsArgos ( Grupo Argos ) recycled 10.9Mm 3 of water during 2021, which represents 91 per cent of recirculation and is equivalent to the average consumption of 60,000 families per year. The reuse of water resources reduces the volume of water withdrawal to contribute to the availability of this resource both for the company and for society, ecosystems and future generations. Argos' sustainability and environmental strategy, specifically in its water and biodiversity pillar, is the roa... |
Vertua to account for majority of sales by 2025, says Cemex06 May 2022, Published under Cement NewsCemex has announced the ambitious goal of its Vertua range of low-carbon cement and concrete products accounting for more than half of all cement and concrete sales by 2025. Following their global launch in 2020, Vertua products have been widely accepted by customers worldwide, according to Cemex, with Vertua cement and concrete accounting for 34 and 31 per cent of total sales, respectively, in the 1Q22, almost double the prior year. Vertua’s cement products offer a CO 2 reduction of at... |
Caribbean Cement posts flat 1Q profit06 May 2022, Published under Cement NewsCaribbean Cement Co Ltd in Jamaica has reported a flat profit for its 1Q22 but views the future with optimism. In the January-March 2022 quarter, Caribbean Cement saw a profit of JMD1.59bn (US$10.3m) on a revenue of JMD6.8bn, compared to a profit of JMD1.53bn on JMD5.97bn a year earlier. "CCC remains encouraged about the future, especially given the recent actions by the Government of Jamaica to remove curfews and fully reopen the economy. The company is also heartened by the strong ceme... |
The Cemex way to the future03 May 2022, Published under Cement NewsCemex is one of the biggest cement producers worldwide, with leading positions in cement, aggregates and ready-mix. ICR caught up with CEO Fernando A González for a wide-ranging discussion covering everything from the impact of the pandemic, Cemex’s strategic priorities and targets, decarbonisation and the future of the cement industry. “With current, available and proven technologies, processes and materials, we can continue reducing CO2 in our operations by up to 40 per cent b... |
GCC sees 16% rise in 1Q net sales27 April 2022, Published under Cement NewsGCC reported an 15.7 per cent advance in consolidated net sales to US$206.9m in the first quarter of 2022 when compared with the equivalent period of 2021. Operating income in the 1Q22 was 23.1 per cent higher at US$31.4m when compared with the 1Q21. In the 1Q22 EBITDA increased 10.2 per cent YoY to US$54.5m (1Q21: US$49.5m) with a margin of 26.4 per cent, down from 27.7 per cent in the 1Q21. However, net income dropped 14.3 per cent YoY to US$13.1m from US$15.3m in the 1Q21. As of 31... |