Cement News tagged under: Mexico
Cemex reports highest EBITDA margin in eight years26 July 2024, Published under Cement NewsCemex has reported strong 2Q24 results with a two per cent increase in EBITDA, while the EBITDA margin expanded to the highest level since 2016. The EBITDA margin was propelled by favourable price-to-cost dynamics, with prices rising mid-single digits amidst decelerating costs. Net sales were flat compared to the 2Q23, reflecting difficult weather conditions in key markets offset by pricing momentum, says Cemex. “Our strong second quarter results demonstrate the efficacy of our commercial... |
GCC posts 9% advance in 2Q earnings25 July 2024, Published under Cement NewsMexico-based GCC SAB de CV reported consolidated net sales down by one per cent to US$360.3m in the second quarter of 2024 from US$364.1m in the 2Q23. US cement and concrete prices increased by 5.3 and 8.1 per cent, respectively while in Mexico cement and concrete prices were up by 2.5 and 6.4 per cent, respectively. However, these increases were not able to offset falls in volumes. Cement volumes were down by 7.1 per cent both in the US and Mexico while concrete volumes saw a 14.3 p... |
Regenera launches alternative fuel pilot project19 July 2024, Published under Cement NewsRegenera, a subsidiary of Mexico-based cement giant Cemex , is establishing a pilot project to generate alternative energy that aims to turn Querétaro into the first zero-waste municipality in the country. The project will transform Querétaro’s organic waste into alternative fuel (AF) through a drying process similar to that used in a number of European cities. Antonio Balmori, VP of urban solutions at Cemex Mexico, stated, “This project that we started today at our Broquers Ambiental... |
Cemex invests in KC8 Capture Technologies09 July 2024, Published under Cement NewsCemex has announced its latest investment in the carbon capture start-up KC8 Capture Technologies (KC8) through its venture capital and open innovation unit, Cemex Ventures. The investment aims to scale KC8's carbon capture technologies in a major project. KC8, based in Australia, offers an affordable method for reducing greenhouse gas emissions with its proprietary non-toxic, non-volatile solvent for carbon capture, utilisation and storage (CCUS). This technology promises up to 95 per ... |
Cementos Moctezuma appoints director of legal affairs02 July 2024, Published under Cement NewsMexico-based Cementos Moctezuma SA de CV , part of Cementos Molins SA , has appointed Fortino Delgado Carillo as its new corporate director of legal affairs. Mr Delgado will replace Belen Molins Benavent, who resigned as of 1 July 2024 for personal reasons. Mr Delgado has more than three years of experience in the legal and corporate affairs of the company and worked previously as a manager of contentious affairs. |
CEMEX supplies Miami's Okan Tower31 May 2024, Published under Cement NewsCEMEX has supplied the concrete for the massive foundation pour for Okan Tower, a 70-storey mixed-use tower that will be one of Miami's tallest buildings. The foundation pour required 1200 concrete trucks, approximately 10,000yd 3 of concrete, a crew of 300 working 36 hours straight and 160 drivers. Designed by Behar Font & Partners, Okan tower will have a hotel, residences, office space, and a curved silhouette inspired by a tulip. It will offer panoramic views of the city and the ba... |
CEMEX extends Regenera to Egypt27 May 2024, Published under Cement NewsCEMEX has signed an agreement with Gharbia Governorate to operate the first Regenera facility in Egypt. Through this agreement, CEMEX will treat more than 800tpd of municipal solid waste received to generate alternative fuels and produce compost, ensuring minimal residual waste to landfill. According to the company, this agreement supports circularity as well as the wellbeing of the governorate citizens by ensuring that all the daily collected waste is safely treated while avoiding th... |
CEMEX develops Generative AI tool23 May 2024, Published under Cement NewsCEMEX has developed the first generative artificial intelligence (AI) tool of its kind in the building material industry, transforming how its salesforce interacts with clients by providing real-time support for a superior customer experience. The tool is an advanced knowledge assistant using Microsoft’s artificial intelligence and trained with CEMEX’s product information and expertise in construction regulations. Built on a robust data management system, it offers tailored so... |
CEMEX signs solar agreement for Clinchfield plant15 May 2024, Published under Cement NewsCEMEX USA has entered into an off-site renewable energy agreement with Georgia Power for its Clinchfield cement plant as part of its ongoing decarbonisation drive. Through this long-term agreement the Clinchfield plant will secure approximately 25 per cent of its power requirements from solar facilities throughout the state beginning in 2025, reports PR Newswire. “Embracing solar power not only accelerates our own aggressive sustainability goals but also sets a powerful example for ... |
S&P upgrades CEMEX investment grade15 May 2024, Published under Cement NewsRating agency Standard & Poor’s (S&P) has upgraded CEMEX ’s long-term global scale issuer credit rating to Investment Grade (BBB-) due to its strong financial and operating performance, deleveraging strategy and flexible capital allocation. “Achieving an investment-grade credit rating from S&P is a very important milestone for CEMEX,” said Fernando A González, CEO of CEMEX. “While we had record results last year, this rating is recognition of successful execution against our medium-term ... |