Cement News tagged under: Mexico

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Cemex to invest MXN10bn in Tepeaca expansion

27 January 2020, Published under Cement News

Cemex is investing MXN10bn (US$530m) in the expansion of its cement works in Tepeaca, Puebla, according to the group’s President, Grupo Cemex. The expansion of the plant aims to meet the demand of central and southern Mexico. Following the expansion, the cement works will have a capacity of 4.5Mta. According to the company the new project, along with 15 existing plants throughout Mexico, shows its commitment to the development of the country.

GCC signs 15-year solar power deal in Mexico

18 December 2019, Published under Cement News

Grupo Cementos de Chihuahua SAB de CV is to operate some of its cement operations in Mexico on solar energy under a newly-signed power purchase agreement (PPA). The company said it signed a 15-year off-take deal with a Mexican solar power supplier for electricity for its cement factory in Juarez, ready-mix and aggregates operations and corporate offices. The PPA starts in January 2021 and will enable GCC and will provide solar power for around 20 per centof the company's total power demand...

Mexico's construction industry contracts in the 3Q19

04 December 2019, Published under Cement News

Mexico's construction industry contracted 6.6 per cent YoY during the third quarter of 2019, its worst period since the first quarter of 2009, due to lack of public work and fewer Infrastructure. Cement production in Mexico fell by 12.1 per cent in September to 3.160Mt, compared with the year before, according to Instituto Nacional de Estadistica Y Geografia (INEGI). In the year to September 2019, accumulated cement volumes reached 29.801Mt, representing a fall of 21.1 per cent. The decl...

Cemex reports 4% decline in net sales for 3Q19

25 October 2019, Published under Cement News

Cemex has reported consolidated net sales of US$3.5bn in the 3Q19, representing a decrease of four per cent YoY, or one per cent on a like-for-like (LfL) basis for the ongoing operations and adjusting for foreign-exchange fluctuations. Higher prices for its products, in local currency terms, in all regions were more than offset by the lower volumes seen in Mexico and the Asia, Middle East and Africa region. Operating EBITDA over the same period fell by nine per cent to US$681m. Consolidated ...

GCC sees 8% rise in consolidated net sales

23 October 2019, Published under Cement News

Mexico's Grupo Cementos de Chihuahua (GCC) has recorded an 8.3 per cent YoY rise in consolidated net sales to US$301.7m for the third quarter of 2019, on the back of improved cement volumes and prices in Mexico and the USA. EBITDA advanced 15.2 per cent to US$96.4m from US$83.7m in the 3Q18, while the EBITDA margin remained largely unchanged at 31.9 per cent from 30 per cent. Regionally, net sales rose 5.5 per cent and 9.1 per cent in Mexico and the US, respectively. "GCC delivered stro...

Holcim Mexico to build new plant in Yucatan

18 October 2019, Published under Cement News

Holcim Mexico has announced that it will construct a new facility in Umán, Yucatan, representing an investment of around US$40m. The grinding plant will have a 0.65Mta capacity and is part of the company’s efforts to expand in the southeast of the country, according to a company press release. "Expanding our operations in the Yucatan Peninsula demonstrates our long-term commitment to the region and the country. The area presents great growth opportunities in a strategic market for Holcim M...

Cement prices fall in Mexico City

20 September 2019, Published under Cement News

Mexico City’s cement prices have fallen in September compared to June 2019, according to a survey conducted by Morgan Stanley Casa de Bolsa. Holcim Mexico recorded a 17 per cent lower price in September compared to three months earlier, followed by Cementos Moctezuma with a decrease of 13 per cent. "Our data show an image of interesting nuances for pricing between different players in Mexico City, but it is important to note that it is a small sample," said Nikolai Lippmann and Alejandra O...

Cemex invests in building materials delivery start-up

16 September 2019, Published under Cement News

Cemex Ventures, the venture capital business of Cemex, has announced it has invested in GoFor Industries, a logistics marketplace for on-demand delivery of building materials and equipment for the DIY and construction industries. GoFor Industries is a start-up company founded in 2016 with operations in the USA and Canada. By 2020 GoFor is expected to expand to 20 major market areas in the USA. Gonzalo Galindo, CEO of Cemex Ventures, said, “With this investment, we seek to improve a criti...

GCC signs agreement for clean energy supply

13 September 2019, Published under Cement News

Mexico’s Grupo Cementos Chihuahua (GCC) has signed an agreement with a US-based clean energy provider for the supply of solar and wind energy to its cement plant in Odessa, Texas, to fulfil 100 per cent of the facility’s electricity requirement. The company did not release the name of the energy supplier but noted that energy supply is expected to begin in July 2022. The plans will mean an approximately 45,000tpa reduction in CO 2 . The 10-year fixed price agreement also represents a 22 p...

Jaime Hill appointed as CEO of Holcim Mexico

27 August 2019, Published under Cement News

Jaime Hill has been appointed as the CEO of Holcim Mexico, as the company looks to strengthen operations and consolidate the firm in the cement, aggregate, concrete and value-added product sectors, according to a press release.  "I am honoured to take on this responsibility because Mexico is a key country for LafargeHolcim. In strategy 2022, we will implement a simpler and results-oriented operating model, so that we can be closer to our customers. This will involve investments in projects...