Cement News tagged under: GCC

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GCC announces 11% sales increase for 9M18

24 October 2018, Published under Cement News

Mexico's Grupo Cementos de Chihuahua (GCC) has recorded an 11.1 per cent YoY increase in sales to US$677.4m for the first nine months of 2018. EBITDA surged 16.3 per cent to US$198.6m in the same period, while its EBIDTA margin reached 29.3 per cent. In the 3Q18 net sales advanced 10.6 per cent YoY to US$278.6m from US$251.9m. EBITDA was also up 9.2 per cent to US$83.6m, compared with US$76.6m of the year-ago period. "GCC's third quarter and nine-month results show continued success in i...

GCC acquires Trident Cement, sells OK and AR ready-mix operations

15 June 2018, Published under Cement News

Meixcan cement producer Grupo Cementos de Chihuahua (GCC) received regulatory approval for the purchase of the 0.315Mta Trident cement plant in Three Forks, Montana, USA, from CRH, as well as the sale of its ready-mix concrete operations and transportation assets in Oklahoma and Arkansas. Following the transaction GCC owns eight cement plants in the US and Mexico, with a total production capacity of 5.4Mta. In addition, the company expects to commission the expansion of its cement plant in...

GCC quintuples consolidated net income in 1Q18

25 April 2018, Published under Cement News

Grupo Cementos Chihuahua (GCC) reported a 13.6 per cent YoY rise in net sales to US$188.7m in 1Q18. The Mexico-based cement producer saw its EBITDA rise by 40.6 per cent to US$45.9m during the first quarter and improved its EBITDA margin from 19.6 per cent in 1Q17 to 24.3 per cent in 1Q18. Consolidated net income more than quintupled YoY to US$11.3m from US$1.7m in 1Q17. An 18 per cent rise in Mexican sales and an 11.9 per cent increase in US sales were key drivers to the improved results. ...

GCC reports record 11M cement sales

14 December 2017, Published under Cement News

Grupo Cementos de Chihuahua SAB de CV (GCC) reports total cement sales volumes for the company reached almost 4Mt for the January-November period, a new record for the company. GCC's total cement sales volumes increased 18.2 per cent in the first 11 months of 2017, after strong cement sales in October and November in the USA. GCC's Chief Executive Officer, Enrique Escalante, said: "GCC reached record cement sales volumes as a result of strong demand and high level of backlog in our co...

Fire breaks out at GCC Dacotah cement plant

22 November 2017, Published under Cement News

A fire broke out at the GCC Dacotah cement plant in Rapid City (SD), USA, early Tuesday morning but was quickly extinguished by the local Fire Department, reports Rapid City Journal. No injuries were reported and the plant did not sustain any significant damage. The fire originated from the building in which the coal was stored, therefore the fast response of the emergency services was essential. The company expects no disruption of plant activity and the plant's US$90m expansion project w...

GCC reports 16% sales boost in 3Q results

25 October 2017, Published under Cement News

Grupo Cementos de Chihuahua announced its results for the third quarter of 2017, which reflect the successful integration of the operations acquired in Texas and New Mexico late last year as well as favourable pricing in the US and Mexico, and progress in implementing the company’s growth strategy. Total sales increased 15.9 per cent YoY to MXN4.968bn (US$258.8m) in 3Q17 from MXN4.288bn. The company’s 3Q EBITDA saw a similar rise to MXN1.421bn, up 14.2 per cent from MXN1.245bn. Margins sli...

Cemex retains 9.5% of GCC

16 March 2017, Published under Cement News

Cemex SAB de CV said that some of its underwriters did not exercise their over-allotment option to acquire shares in Mexico’s Grupo Cementos de Chihuahua SAB de CV. As a result, Cemex retains a direct stake of 9.47 per cent in GCC. Originally, Cemex aimed at offloading 23 per cent of GCC but only managed to sell a stake of 15.6 per cent, equivalent to 51.75m shares at MXN95 (US$4.83)/share. This shareholding also included a green shoe option and Mexico’s market leader was expected to ...

Cemex and GCC announce offering to sell 23% stake in GCC

26 January 2017, Published under Cement News

Cemex, SAB de CV and Grupo Cementos de Chihuahua, SAB de CV (GCC) announced that they will commence offerings that are expected to include an aggregate of up to 76,483,332 shares of common stock of GCC, currently owned by Cemex at a price range of between MXN95.00 to 115.00/share, Cemex currently directly owns 23 per cent of the outstanding share capital of GCC and, additionally, a minority interest in CAMCEM, an entity which owns a majority interest in GCC as a result of GCC’s previously...

Ensuring long-term growth

11 January 2017, Published under Cement News

Grupo Cementos Chihuahua (GCC) is completing a key acquisition programme in the USA as it buys Cemex assets such as the Odessa cement works in Texas. ICR speaks with Ron Henley, president of GCC America. Ron Henley, president of GCC America ICR: GCC is in the process of making some major acquisitions in the USA to expand its cement portfolio. Can you describe what this means in terms of how cement capacity will increase and what the profile of the group’s plants is now like reg...

Lokotrack's GCC screen debut

14 December 2016, Published under Cement News

The need for a clean cement additive at Grupo Cementos Chihuahua (GCC)’s Rio Grande plant, USA, resulted in the installation of a new Metso Lokotrack ST2.8 screen. Thanks to its high throw and large screening area, the mobile scalping screen is helping the cement works to produce cement additives that meet the stringent requirements of GCC’s production process, resulting in significant cost savings. By Metso Corporation, USA. Metso's Lokotrack ST2.8 mobile scalping screen helps GCC's ...