Cement News tagged under: Grupo Cementos de Chihuahua

RSS feed

GCC sees 8% rise in consolidated net sales

23 October 2019, Published under Cement News

Mexico's Grupo Cementos de Chihuahua (GCC) has recorded an 8.3 per cent YoY rise in consolidated net sales to US$301.7m for the third quarter of 2019, on the back of improved cement volumes and prices in Mexico and the USA. EBITDA advanced 15.2 per cent to US$96.4m from US$83.7m in the 3Q18, while the EBITDA margin remained largely unchanged at 31.9 per cent from 30 per cent. Regionally, net sales rose 5.5 per cent and 9.1 per cent in Mexico and the US, respectively. "GCC delivered stro...

GCC signs agreement for clean energy supply

13 September 2019, Published under Cement News

Mexico’s Grupo Cementos Chihuahua (GCC) has signed an agreement with a US-based clean energy provider for the supply of solar and wind energy to its cement plant in Odessa, Texas, to fulfil 100 per cent of the facility’s electricity requirement. The company did not release the name of the energy supplier but noted that energy supply is expected to begin in July 2022. The plans will mean an approximately 45,000tpa reduction in CO 2 . The 10-year fixed price agreement also represents a 22 p...

GCC announces overall increase in sales for 1H19

26 July 2019, Published under Cement News

Mexico's Grupo Cementos de Chihuahua (GCC) has announced a 1.3 per cent YoY increase in sales to US$403.9m for the first six months of 2019, against US$398.8m in the year-ago period. EBITDA declined five per cent to US$109.2m, while the EBITDA margin slipped 1.8 per cent to finish at 27 per cent. The 2Q19 saw a 3.5 per cent YoY rise in sales to US$240.5m from US$232.3m. EBITDA advanced 2.2 per cent to US$70.9m in the same period. However, the company’s EBITDA margin contracted 0.4 per cent...

GCC's Pueblo cement plant achieves Energy Star certification

01 April 2019, Published under Cement News

The Grupo Cementos de Chihuahua (GCC) Pueblo cement plant is Colorado's only Energy Star certified manufacturing plant having been given the award by the US Environmental Protection Agency (EPA) in recognition of its superior energy performance. "Energy Star certified plants perform in the top 25 per cent of similar facilities nationwide," Enrique Escalante, chief executives of GCC, said in a statement. "We're proud to say that our Pueblo plant scored a perfect 100, proving it is tops in en...

GCC looking for additional US assets

27 February 2019, Published under Cement News

Grupo Cementos de Chihuahua (GCC) is exploring options for mergers and acquisitions in different markets, particularly the USA, according to CE Noticias Financieras. "In terms of growth in the US we are actively seeking expansions, mergers and acquisitions and that does not necessarily exclude completely that we could not expand through special capex," said GCC Director Enrique Escalante. In June 2018 GCC acquired the 0.315Mta Trident cement plant in Three Forks, Montana, from CRH.

GCC 1H18 sales rise by 11.4%

25 July 2018, Published under Cement News

Grupo Cementos de Chihuahua (GCC) reports that its 1H18 sales increased 11.4 per cent to US398.8m, generating US$115m in EBITDA, up 22 per cent YoY. However, the company's net result slipped, registering a minor loss of US$0.6m. In the 2Q18, sales advanced 6.9 per cent to US$232.3m when compared with the 2Q17. EBITDA rose 8.7 per cent in the 2Q18 to US$69.4m. The company also reported a net loss for the 2Q18 of US$11.9m. During the 1H18 GCC completed the acquisition of the 0.315Mt capa...

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. ...

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...