Cement News tagged under: Mexico

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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...

Cemex receives waste tyre hoard in Queretaro

08 December 2017, Published under Cement News

Cemex is taking used tyres off the street in Santiago de Queretaro, Mexico, thanks to a local authority initiative to clean up tyres left on vacant urban land and in the drainage system of the city. The Mayor Marcos Aguilar Vega announced that up to 3905 wheels were collected during the first Llantaton 2017, held a few weeks ago, and that add to that are harvested during the year. "So as in alliance with tire companies and a cement factory, these programme are made to remove the tyres ...

Elementia restructures debt with new seven-year loan

05 December 2017, Published under Cement News

Elementia, SAB de CV has announced that it obtained a loan from Citi Banamex for MXN925m (US$49.6m) over a seven-year term, with payments beginning in the first half of 2020, given its two-year grace period. The financial restructuring is part of its strategy to strengthen its balance sheet and maintain its profitable growth. The loan successfully concludes the company's commitment, as announced in 2016, of exchanging short-term for long-term debt during 2017. The proceeds will be used to...

Cemex Go - a digital customer platform is launched

27 November 2017, Published under Cement News

Cemex has launched a fully-digital customer integration platform called Cemex Go. The platform combines Cemex's industry leadership with cutting-edge digital innovation. Cemex Go is a multi-device providing real-time, detailed information for order placement, live tracking of shipments, and managing invoices and payments for Cemex's main products, including bagged and bulk cement, ready-mix concrete, aggregates, and multi-products. Fernando A Gonzalez, CEO of Cemex, said: "Cemex Go moves ...

Cemex launches Cemex Go

09 November 2017, Published under Cement News

The CEO of Cemex, Fernando A Gonzalez, has announced the release of a new multi-device application designed to simplify the customer process. Cemex Go will be a push to revolutionise the construction industry. Cemex Go will allow the customer to place orders, track shipments, and manage invoices and payments for Cemex products. Through the use of real-time information, customers will also be able to receive instant notifications of their order status and modify the order accordingly. "...

Mexico City government agrees preferential price with CANACEM

08 November 2017, Published under Cement News

Miguel Angel Mancera, Mayor of Mexico City, has confirmed an agreement between the capital’s government and the national cement industry association, CANACEM, to access preferential prices in the acquisition of materials for reconstruction projects. He further explained that the special prices would also apply when the materials were used in earthquake reconstruction of buildings or infrastructure. CANACEM representative, Luis Guillermo Colin, said the industry would provide technical...

Cemex 3Q17 net sales total US$3.5bn

27 October 2017, Published under Cement News

Cemex announced that its consolidated net sales reached US$3.5bn during the 3Q17, representing an increase of two per cent, or an increase of one per cent on a like-to-like basis, versus the comparable period in 2016. Operating EBITDA decreased by eight per cent during the quarter to US$702m versus the same period in 2016. Fernando A Gonzalez, Cemex Chief Executive Officer, said: "We are pleased with the double-digit, year-to-date growth in operating EBITDA in our two largest markets: Mex...

Cemex forecasts 0.5Mt required to restore Mexican earthquake damage

27 October 2017, Published under Cement News

Cemex said on Thursday that reconstruction efforts from two major earthquakes that hit Mexico last month will likely require 500,000t of cement over the next 12 to 18 months. The quakes, which together killed more than 470 people, collapsed dozens of buildings and damaged more than 180,000 homes across the country.

Elementia sees 39% rise in 3Q EBITDA

26 October 2017, Published under Cement News

Mexico-based Elementia reported EBITDA of MXN1.296bn (US$67.9m) in 3Q17, an increase of 38.9 per cent YoY. The company attributes the rise in earnings to higher sales and prices in its cement division. The company posted third-quarter revenues of MXN6.555bn, up 40 per cent when compared with the July-September 2016 period. Net income reached MXN340m, swinging the building materials firm back into the black after a loss of MXN47m in 3Q16.

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...