Cement News tagged under: Mexico

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Cemex invests in building materials delivery start-up

16 September 2019, Published under Cement News

Cemex Ventures, the venture capital business of Cemex, has announced it has invested in GoFor Industries, a logistics marketplace for on-demand delivery of building materials and equipment for the DIY and construction industries. GoFor Industries is a start-up company founded in 2016 with operations in the USA and Canada. By 2020 GoFor is expected to expand to 20 major market areas in the USA. Gonzalo Galindo, CEO of Cemex Ventures, said, “With this investment, we seek to improve a criti...

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...

Jaime Hill appointed as CEO of Holcim Mexico

27 August 2019, Published under Cement News

Jaime Hill has been appointed as the CEO of Holcim Mexico, as the company looks to strengthen operations and consolidate the firm in the cement, aggregate, concrete and value-added product sectors, according to a press release.  "I am honoured to take on this responsibility because Mexico is a key country for LafargeHolcim. In strategy 2022, we will implement a simpler and results-oriented operating model, so that we can be closer to our customers. This will involve investments in projects...

Cruz Azul orders two Loesche petcoke VRMs

13 August 2019, Published under Cement News

CYCNA (Cruz Azul group) commissioned a Loesche cement grinding plant in Tepezalá, Mexico, last year, and this summer two more Loesche coal grinding plants for petcoke grinding will be installed at the Lagunas and Hidalgo cement plants. The Loesche LM46.2+2 CS cement mill was commissioned in August 2018 at the Tepezalá cement plant and is guaranteed to grind at a capacity of 110tph but has been operating at 140tph. This has been followed by the order of two Loesche LM41.4D petcoke mill for ...

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...

Cemex increases cement exports from its Mexican plants

26 June 2019, Published under Cement News

In 2018 Cemex advanced its share of cement exports from its Mexican plants to six per cent. In terms of destination of these shipments, around 63 per cent of Cemex’s total cement exports from Mexico were delivered to the USA, a further one per cent to Costa Rica and the balance to the rest of the Latin American region, including the Caribbean. The company sold 10.2Mt of cement and clinker in 2018 with 5.7Mt exported from its operations in Spain, Croatia, Mexico, Germany, Lithuania, Domin...

Cinvestav produce cement using volcanic ash

06 June 2019, Published under Cement News

Scientists at Mexico’s Centre for Research and Advanced Studies (Cinvestav) are using volcanic ash to make environmentally-friendly cement. First tests have shown that cement formulations that work contain up to 80 per cent of volcanic material, without the need for high-temperature kilns. Cinvestav reported that the group has developed some 15 alternatives in the past four year and have applied for a national patent.

US import tax on Mexican products to have little effect on Mexican cement

04 June 2019, Published under Cement News

The five per cent import tariff on all Mexican products, imposed by US President, Donald Trump, would not impact the cement industry as shipments to the US represent only 3.4 per cent of the total domestic output, assured Yanina Navarro, general director of Mexico’s chamber of cement, Canacem. In 2018 Mexico produced 44Mt of cement but only exported 1.416Mt. "Cement is a very local product, even moving it within the country implies a lot of logistics, which is why it represents very little...

GCCA welcomes new member companies

09 April 2019, Published under Cement News

The Global Cement and Concrete Association (GCCA) has added cement companies from India, China, Peru and Mexico to its growing global membership base which now totals 36 member companies and 15 affiliates. The new members are Corporacion Moctezuma (Mexico), Unión Andina de Cementos SAA (Peru), JSW Cement (India) and West China Cement (China). Benjamin Sporton, chief executive officer of GCCA said: "The continuing and rapid growth of the Association’s membership is very encouraging. With a ...

Building a stronger Cemex

26 March 2019, Published under Cement News

Fernando A González, Cemex's CEO, opened Cemex Capital Market Day on Wednesday, 20 March 2019 and stated that 'A Stronger Cemex' had been formed through a programme of accelerated deleveraging, bringing with it an improved credit rating and increased shareholder returns. The group achieved a top-line growth of six per cent in 2018 and generated US$1bn of free cash flow, which was used to reduce total debt by approximately eight per cent. This also enabled a dividend payment of US$150m, th...