Cement News tagged under: Central America

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US and Puerto Rican cement shipments increase in May

08 August 2022, Published under Cement News

Total shipments of Portland and blended cement in the USA and Puerto Rico increased six per cent YoY to 9.7Mt in May 2022, according to the US Geological Survey (USGS). The leading cement-consuming states were Texas, California, Florida, Illinois and Ohio. They received 39 per cent of May shipments. The top five cement-producing states were Texas, California, Missouri, Florida and Michigan, which accounted for 39 per cent of cement production in May 2022. Masonry cement deliveries totalled...

Zacua Ventures to receive CEMEX and CEMEX Ventures' investment

05 August 2022, Published under Cement News

CEMEX and CEMEX Ventures are investing in a global early-stage venture fund, Zacua Ventures, which aims to tackle the construction industry’s biggest challenges in sustainability, productivity and urbanisation.   "As pioneers in the construction industry's transformation, we are happy to be part of this investment vehicle to seek innovative solutions that help boost productivity, sustainability, and urbanisation,” said Gonzalo Galindo, head of CEMEX Ventures. “The collaboration and syn...

Caribbean Cement reports drop in 2Q profit

05 August 2022, Published under Cement News

Jamaica-based Caribbean Cement posted operating profit of US$28.2m in the 1H22, representing a two per cent drop YoY from US$28.8m. Net profit also slipped by two per cent YoY to US$19.7m, despite a 10 per cent increase YoY in sales to US$85.5m in the 2Q22. The drop in earnings was attributed to increased operational expenses during a downturn in the global economy.

CEMEX orders 200 low-carbon trucks

04 August 2022, Published under Cement News

CEMEX has added nearly 200 lower-carbon natural gas-powered trucks as part of a comprehensive strategy seeking to decarbonise its global fleet. This initiative is part of the company’s flagship Future in Action programme to become a net-zero CO 2 company by 2050. The investment in these 200 new vehicles consist mostly of concrete mixer trucks powered by low emission compressed natural gas (CNG) or renewable natural gas (RNG). These trucks will have a carbon footprint that is approximatel...

CEMEX reports 2Q22 net sales growth of 11%

29 July 2022, Published under Cement News

CEMEX has announced continued solid top line growth, with second quarter net sales growing 11 per cent to US$4080m in the 2Q20. Pricing was the main driver with prices of cement, ready-mix and aggregates increasing 16,12, and 14 per cent, respectively.   With a difficult second quarter 2021 comparison base, EBITDA decreased by eight per cent to US$723m, primarily due to higher energy costs and supply chain disruptions. Cemex group’s net income totalled US$265m in the 2Q22.   “I a...

Advent International partners Cemex and invests in NEORIS

27 July 2022, Published under Cement News

Advent International is partnering with CEMEX to accelerate the growth and development of NEORIS. As a global provider of tech consultancy and digital transformation services, NEORIS will strengthen its capabilities and reach through Advent’s expertise in the space.   With Advent’s support, NEORIS will deepen its focus on artificial intelligence, data science, cloud solutions, and automation, etc. These verticals are aligned with CEMEX’s priorities for its continued digital transformat...

CEMEX Ventures invests in 3D printing company COBOD

26 July 2022, Published under Cement News

CEMEX Ventures (Cemex Group) is investing in COBOD, a global leader in construction-grade 3D printers. CEMEX and COBOD have been working together over the last year to innovate in the 3D printing space. Through this partnership, they recently introduced the first-ever 3D printing solution that utilises conventional ready-mix concrete in the building process. The solution can deliver significant savings versus traditional 3D printing construction methods and materials and has been implement...

CEMEX to buy clean energy from Acciona for Spanish operations

25 July 2022, Published under Cement News

CEMEX will purchase clean energy from energy supplier Acciona to power its cement operations in Spain, according to the cement company. The purchase agreement ensures supply of green energy to cover 30 per cent of the cement producer’s requirements in Spain. "This agreement shows our commitment to our clean energy transition, adding to the success of similar agreements in other geographies," said Sergio Menéndez, president of CEMEX Europe, Middle East, Africa and Asia. CEMEX also sees it...

Puerto Rican cement sales up 4% in June

13 July 2022, Published under Cement News

In June 1.35m bags of 42.6kg,or 57,561t, were sold in Puerto Rico. This represents a 3.7 per cent increase when compared with June 2021, according to the country’s Institute of Statistics – the first increase in 13 months. When compared with June 2019, sales were up 19.6 per cent. Cement production advanced 31.5 per cent YoY in June to 860,000 bags, or 36,668t – the third consecutive increase.

CEMEX completes bolt-on aggregates acquisition

12 July 2022, Published under Cement News

CEMEX has announced that it has completed the acquisition of a 53 per cent stake in German aggregates company ProStein. The investment expands CEMEX’s aggregates business in the region while increasing the lifespan of its aggregates reserves in Europe. The company’s aggregates sales in Germany are expected to double with the acquisition. ProStein’s assets include six active hardstone plants and six construction, demolition, and excavation waste (CDEW) recovery sites. This deal is part o...