Cement News tagged under: Central America

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CEMEX returns to Mexican debt capital markets

05 October 2023, Published under Cement News

CEMEX has announced the successful pricing on 3 October 2023 of its sustainability-linked long-term notes for an aggregate principal amount of MXN6bn (US$332.6m), a transaction that represents its return to the Mexican debt market after a 15-year absence. The closing of the offering is expected to take place today, 5 October 2023, subject to satisfaction of customary closing conditions. The notes consist of two tranches: the first, for an amount of MXN1bn  with a three-year tenor at a ...

CEMEX acquires Kiesel

29 September 2023, Published under Cement News

CEMEX has agreed to acquire Kiesel, a mortars and adhesives technological leader in the construction industry based in Germany, as part of its ongoing strategy to strengthen CEMEX’s Urbanization Solution business through bolt-on acquisitions. “We remain committed to increasing our capacity to serve growing urban markets with more sustainable and innovative solutions,” said Sergio Menéndez, president of CEMEX Europe, Middle East, Africa and Asia. “This acquisition will enhance our Urban...

CEMEX in refinancing talks with banks

22 September 2023, Published under Cement News

CEMEX is in talks with its banks over the refinancing of a US$3bn credit facility, according to Reuters. Fernando Gonzalez, the company’s CEO, hinted that refinancing might be an option back in July this year following CEMEX’s upgraded outlook to 'positive' by ratings agency Fitch. “We're in current discussions with our banks, because the biggest amount of debt that is maturing is bank debt,” explained CEMEX's Chief Financial Officer, Maher Al-Haffar. He is reported as saying that a 10...

Cementos Argos inaugurates solar park in Honduras

22 September 2023, Published under Cement News

Cementos Argos has opened its new solar park at its Choloma unit in Río Blanquito, Honduras. The facility is the second-largest in the Honduran cement industry. The company has invested US$1.2m in the new energy facility, which consists of 2100 photovoltaic modules. The solar park will be able to generate 1.6kWh annually and supply 25 per cent of Argos’ plant in Choloma. The project follows a similar one installed at the Comayagua plant in 2020, which consists of more than 32,000 modul...

CEMEX leads the way in environmental impact information

21 September 2023, Published under Cement News

CEMEX is the first company in its industry to provide environmental impact information, including CO 2 emissions, for its core products in all of the main markets in which it participates around the world. This disclosure is customised by location and is critical for architects, engineers, contractors, and customers looking to develop more sustainable construction.  Depending on the market’s customary practices, this is addressed either through Environmental Product Declarations (EPDs...

CEMEX joins UN Forward Faster initiative

19 September 2023, Published under Cement News

CEMEX has reaffirmed its commitment to the UN’s Sustainable Development Goals (SDGs) through a series of collaborative efforts that seek to accelerate progress and inspire others in the private sector. Among these efforts are CEMEX’s participation in the UN’s Forward Faster initiative. Launched in September 2023 during the UN General Assembly week, the Forward Faster initiative aims to bring businesses together to accelerate their contribution to society in five action areas —gender equ...

Caribbean Cement to boost exports

18 September 2023, Published under Cement News

Caribbean Cement Co Ltd (CCCL) has exported 3400t of cement to the Turks and Caicos Islands, a volume it hopes to ramp up once its expansion plans are completed. The company is currently extending its kiln capacity as part of a US$40m investment plan, boosting production capacity by up to 30 per cent. “As soon as we have available product, available capacity, we will always sell it to Jamaica. This is our priority. However, there is a market out there for us. We will actively look for o...

Caribbean Cement sees revenue advance in 1H23

13 September 2023, Published under Cement News

Caribbean Cement Co Ltd has reported consolidated unaudited revenue of JMD14,277m (US$92.48m) in the first half of 2023. This compares to JMD13,516m in the same period a year earlier. Gross profit in the 1H23 came in at JMD4986m, down from the JMD6102m seen in the opening six months of 2022. The total cost of sales and operating earnings has advanced from JMD8763m in the 1H22 to JMD10,677m in the same period a year later. Over the same timeframe, operating earnings before other income a...

CEMEX supplies Vertua to Khalifa Port expansion

07 September 2023, Published under Cement News

CEMEX will provide over 200,000m 3 of Vertua lower-carbon concrete for the development of the topside infrastructure for the expansion of the Khalifa Port in the UAE, one of the largest port infrastructure projects in the world. Strategically situated midway between Abu Dhabi and Dubai and serving 25 major shipping lines with direct links to over 70 international destinations, Khalifa Port is an 18.5m deep-water multipurpose port with a total of 10.6km of quay wall that include two con...

US and Puerto Rican cement market contracts in June

06 September 2023, Published under Cement News

Total shipments of Portland and blended cement in the USA and Puerto Rico slipped 2.5 per cent to 10.5Mt in June 2023 when compared with June 2022, according to the US Geological Survey (USGS). Of the total blended volume, 4.7Mt or 95 per cent, was estimated to be Portland limestone cement (Type IL). The largest cement-consuming markets were Texas, California, Florida, Ohio and Illinois, who accounted for a total 37.3 per cent of June 2023 shipments. The leading producing states were Texas, ...