Cement News tagged under: Mexico

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Cemex's climate action strategy

04 December 2020, Published under Cement News

Cemex hosted its Climate Action webinar on Thursday 3 December 2020. It included an outline of how Cemex was looking to achieve its 2030 roadmap to reduce CO 2 emissions and the company's 2050 ambition to deliver net-zero concrete globally. The panel discussion is the first of several such forums the company aims to host as it commits to the challenge of taking on climate action. "In September 2020, Cemex launched its medium term strategy 'Operation Resilience' in which sustainability as...

LafargeHolcim enhances green solutions in Latin America

25 November 2020, Published under Cement News

LafargeHolcim is launching its ECOPact green concrete in Latin America, starting in Ecuador, Colombia and Mexico, with all key markets due to follow in the first half of 2021. The roll-out of ECOPact, which enables carbon-neutral construction, builds on its successful market adoption across Europe, the US and Canada, according to the company.   Accelerating its green building solutions in Latin America, the company also plans to introduce an EcoLabel to transparently communicate the environm...

Buzzi Unicem records cement and clinker sales of 21.7Mt in 9M20

10 November 2020, Published under Cement News

Buzzi Unicem announced that cement and clinker sales for the group totalled 21.7Mt in the 9M20, down 1.8 per cent compared to the previous year. Ready-mix and concrete sales contracted by 4.9 per cent to 8.7Mm 3 . Consolidated net sales stood at EUR2408m, a minor dip of 0.6 per cent on the EUR2423.6m earned in the 9M19. On a like-for-like basis net sales would have slipped 0.3 per cent. The summer period was characterised by positive developments in Italy, thanks to a better-than-expec...

Cemex and Carbon Upcycling to increase industrial waste use

04 November 2020, Published under Cement News

Cemex SAB de CV has signed an agreement with Carbon Upcycling Technologies to improve processing of residue or byproducts from industrial processes and to capture CO 2 to produce nanomaterials and low-CO 2 concretes. Cemex Ventures will work with Carbon Upcycling Technologies  to increase the 3Mta of industrial residue that Cemex uses for cement and concrete additions, and therefore reduce the volumes being sent to landfill. The initiative will increase the reactivity of industria...

GCC reports a 7% decline in net sales

30 October 2020, Published under Cement News

Mexico’s Grupo Cementos de Chihuahua (GCC) reported a 6.8 per cent YoY decline in consolidated net sales to US$281.1m for the third quarter of 2020, compared with US$301.7m in the 3Q19. The fall was primarily due to decreased cement volumes in the US, concrete volumes in Mexico and the depreciation of the Mexican peso, according to its earnings report. However, it was partially offset by higher cement volumes in Mexico and a favourable price environment in both markets. Consolidated net sa...

Cemex sees net sales rise to 3% to US$3.436bn in 3Q20

29 October 2020, Published under Cement News

Cemex SAB de CV has announced its 3Q20 results with net sales increasing by three per cent on a like -for-like (LfL) basis to US$3.436bn, while EBITDA rose by 15 per cent to US$728m.     Net operating earnings, before other expenses, rose by 20 per cent to US$453m on a LfL basis. Net debt plus perpetual notes fell by US$504m versus the previous quarter. Net sales in Mexico rose by 14 per cent on a LfL basis to US$723m. Operating EBITDA rose 16 per cent to US$246m on a LfL basis, versus...

Cemex exported 9% of Mexican output in 2019

26 October 2020, Published under Cement News

Cemex exported nine per cent of its Mexican cement sales in 2019. according to CE NAFTA 2.0. The company’s data show that 67 per cent of exports were delivered to US customers while the remaining 33 per cent were shipped to other Latin American countries. Exports were mainly in the form of cement although the company also shipped some clinker.

Mexican cement market contracts 6% in 2Q20

19 October 2020, Published under Cement News

Cement sales in Mexico declined 6.3 per cent YoY in the 2Q20 as construction companies reduced their demand and there was a slowdown in private works due to COVID-19. “We are talking about volumes of 43Mt of cement sold in 2018, to fall around 40t in 2019 and this year we have a two per cent drop in the first half, but I would expect the levels of 40Mt to be maintained this year, ”,said Jamie Rocha Font, president of the national cement chamber, CANACEM. He highlighted that the boost to ...

Cemex secures green financing

14 October 2020, Published under Cement News

Cemex SA de CV has closed the amendment process under its facilities agreement, dated 19 July 2017. Cemex is extending US$1.1bn of term loan maturities by three years from 2022-25 and approximately US$1.1bn of commitments under the revolving credit agreement by one year from 2022 to 2023. Cemex is also prepaying US$530m corresponding to the July 2021 amortisation under the facilities agreement to institutions participating in the extension. The Mexican company will renominate US$313m of ...

Cemex to trial solar cement plant

01 October 2020, Published under Cement News

Cemex and Synhelion SA have developed a groundbreaking technology designed to fully decarbonise the cement manufacturing process based on solar energy.  The new approach is based on replacing the use of fossil fuels in cement plants with high-temperature solar heat, and capturing 100 per cent of the carbon emissions, enabling cement manufacturing to achieve net-zero level. This is made possible by the unprecedented temperature levels of solar heat provided by Synhelion's technology and it...