Cement News tagged under: Mexico
Cementos Chihuahua sees 58% EBITDA hike in 4Q1714 February 2018, Published under Cement NewsCementos Chihuahua increased its EBITDA by 58.4 per cent YoY in the 4Q17 due to higher cement and concrete sales in Mexico and the USA as well as a 6.2 per cent cement price increase, according to a company statement to the Mexican Stock Exchange. "In the United States, sales increased 29.8 per cent and accounted for 76 per cent of Cementos Chihuahua's consolidated net sales. In Mexico, fourth-quarter sales increased 22.6 per cent and accounted for 24 per cent of net sales," said the stat... |
Cementos Moctezuma fined MXN3.346m by environmental regulator14 February 2018, Published under Cement NewsMexico’s environmental regulator PROFEPA has fined Cementos Moctezuma’s Tepetzingo plant MXN3.346m (US$179,795) over a breach in environmental regulations. In addition, the cement producer is required to shut down its second production line as a temporary measure. According to the Attorney General's Office, the company did not have a valid authorisation for the installed capacity, which resulted in unfair competition."The production capacity that was authorised at the time, when its autho... |
Cemex’s lower trading profit offset by lower tax rate/interest charge09 February 2018, Published under Cement NewsCemex' turnover improved by 2.4 per cent in 2017 to US$13,672.2m. EBITDA declined by 9.1 per cent to US$1725.2m and the trading profit fell by 15.8 per cent to US$1523.1m. The net interest charge, however, declined by 10.9 per cent to US$1022.3m, but still giving a pretax profit 22.9 per cent lower at US$723.4m. The tax charge was some 83 per cent lower and deconsolidated activities had also been profitable, giving a net attributable profit 7.5 per cent ahead at US$806.2m. Net debt, inclu... |
Cruz Azul partially closes Tula plant07 February 2018, Published under Cement NewsCruz Azul is partially closing its Tula plant in Hidalgo, Mexico, as it lacks current environmental authorisation for the operation of its plant. Staff of the Federal Procuracy for Environmental Protection (Profepa) carried out an inspection of the plant and when verifying documents, it was found that the plant did not have a current authorisation of the Environmental and Natural Resources Secretariat (Semarnat). As a precautionary measure the construction and operation of Raw Mill No... |
Mexican cement producers raise prices10 January 2018, Published under Cement NewsAt the start of the new year, Mexican cement producers have raised the price of grey cement between 6-10 per cent, according to Ramiro Páez Cruz, president of the Mexican Association of Independent Concrete Co (AMCI). Cruz Azul and Fortaleza raised the prices of their products by five per cent while the increase by Cemex, Moctezuma and Holcim was 6.25, seven and 10 per cent, respectively. The increases in cement prices will be passed on to the customers, said Mr Páez Cruz with concre... |
Mexican cement demand forecast to fall 3% in 201703 January 2018, Published under Cement NewsMexican cement consumption is expected to reach 43Mt in 2017, representing a three per cent YoY decrease when compared with 2016, according to the National Chamber of Cement (CNC). The fall is the first since 2013. The market contraction has been attributed to a weak construction sector and the uncertainty around the NAFTA negotiations. Cement companies were also at the centre of controversy as they increased prices by a total of 10.18 per cent by November, the highest level in a decad... |
Fives FCB wins Cruz Azul raw mill orders21 December 2017, Published under Cement NewsCemento La Cruz Azul SCL has awarded Fives FCB contracts for the engineering, supply, construction and commissioning of two FCB Horomill ® raw mill plants on a turnkey basis.  Each grinding plant will be fitted with one FCB Horomill ® 4000mm grinding mill and one FCB TSV™ classifier 6500mm. A 280tph mill will be dedicated to the new clinker line No 10 project at the company's Hidalgo plant in Mexico. The second order is for a 300tph FCB Horomill at the Oaxaca Lagunas plant, a... |
GCC reports record 11M cement sales14 December 2017, Published under Cement NewsGrupo 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 Queretaro08 December 2017, Published under Cement NewsCemex 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 loan05 December 2017, Published under Cement NewsElementia, 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... |