Cement News tagged under: Mexico

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Cemex: Mexican cement market to grow 3% in 2018

24 April 2018, Published under Cement News

Mexico’s cement market is forecast to grow by 2-3 per cent, according to Cemex CEO, Fernando González. While construction of housing is expected to advance only modestly, the commercial and industrial building segments are envisaged to show sufficient growth. Infrastructure will also account for 25 per cent of cement offtake. “I wish we could do much more in infrastructure. I think that what is possible is usually invested as a function of the government programs and the works are pro...

CANACEM to ask presidential candidates for continuity

16 April 2018, Published under Cement News

Mexico’s National Chamber of Cement (CANACEM) will ask presidential candidates for continuity in the economic model and investments projects, reports Noticias Financieras. Mauricio Doehner, president of the organisation, has said that its members will seek dialogue with the candidates to present its needs. "[…] [W]e believe that we should continue with an economic model such as the one of expansion, inclusion, housing, infrastructure, so we are doing work groups, so we will be able to pres...

Mexican cement output growth to slow to below 3%

13 April 2018, Published under Cement News

The cement sector is expected to grow by 2.5 per cent YoY in 2018 as public and private infrastructure investments are postponed for the electoral year, according to the President of the National Chamber of Cement (CANACEM), Mauricio Doehner. "It's a year in which there is some uncertainty and people, as they say colloquially, it pays to wait. There are investments that are being put on hold to see what will happen after 1 July, and based on that investment decisions will be made, "he said...

Buzzi Unicem Full Year 2017 results

29 March 2018, Published under Cement News

In 2017 Buzzi Unicem group sold 26.8Mt of cement (+4.4 per cent compared to 2016) and 12.3Mm 3 of ready-mix concrete (+3 per cent YoY). Consolidated net sales increased by 5.1 per cent, from EUR2669.3m to EUR2806.2m. EBITDA decreased by 7.7 per cent from EUR550.6m to EUR508.2m. The foreign exchange effect was negative for EUR2m. The figure for the year under review includes non-recurring costs of EUR68.2m, of which EUR59.8m for antitrust sanctions inflicted to the Italian cement sector, ...

Cemex Day 2018

23 March 2018, Published under Cement News

Cemex CEO, Fernando Gonzalez, opened the Cemex Day 2018 on 15 March, claiming that over the last four years they had built a stronger company, including achieving a US$6bn debt reduction and the highest net income in a decade at US$800m. Troubling countries for Cemex were Colombia and Egypt, but the multinational still delivered EBITDA of US$2.6bn in 2017. The company also announced US$250m strategic capex spending for 2018, targetting assets in the emerging cement markets of Brazil and...

Cemex is the first company to operate plants by remote control

13 March 2018, Published under Cement News

Cemex has announced that it is the first company in the industry to successfully operate plants by remote control. The company’s monitoring and remote control system, Centro de Control Cemento (C3), operates in real time and tracks the live data of 14 cement plants, 25 kilns and 86 grinding mills in Mexico, alongside a facility in Colombia and another in the US. Cemex created the C3 to unify the control systems of all its cement plants to make real-time optimal decisions. From its central ...

Cemex renews Birdlife conservation partnership

15 February 2018, Published under Cement News

Cemex announced it is renewing its partnership with Birdlife International, the world’s largest nature conservation partnership. The renewal extends the cement producer’s 10-year partnership by a further three years. “Cemex and BirdLife’s joint efforts have significantly improved the biodiversity of Cemex’s quarries, such as its Cerrito Blanco Quarry in northwestern Mexico. As a result of this BAP implementation, Mexico’s national bird, the Golden Eagle, is benefitting from a focussed con...

Cementos Chihuahua sees 58% EBITDA hike in 4Q17

14 February 2018, Published under Cement News

Cementos 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 regulator

14 February 2018, Published under Cement News

Mexico’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 charge

09 February 2018, Published under Cement News

Cemex' 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...