Cement News tagged under: Mexico
GCC reports strong 2Q21 results and prepares for expansion28 July 2021, Published under Cement NewsGCC reported a net sales increase of 18 per cent in the 2Q21 and a rise in EBITDA of 19 per cent. The company’s net financial expenses totalled US$10m during this accounting period. GCC reported cement volumes rising by 11 per cent in the 2Q21 compared to eight per cent in 2020. Concrete sales fell by 17 per cent compared to a six per cent rise in the 2Q20. Commenting on guidance for the remainder of 2021, Enrique Escalante, GCC’s CEO said: “ Starting in Mexico, we now expect GCC’s cem... |
Modern milling in Mexico06 July 2021, Published under Cement NewsEncouraged by healthy construction demand and promising growth potential, two regional cement manufacturers have decided to invest in cement grinding facilities in Yucatán, Mexico. Both Cementos Fortaleza and Holcim México have entrusted Gebr Pfeiffer to deliver these facilities and the required capacity to satisfy immediate demand. By Rodney Pradet, Gebr Pfeiffer Americas, USA. Figure 1: illustration of a typical Gebr Pfeiffer ready2grind plant For some, thinking of the Yucatán... |
Can Mexico’s fiesta continue?05 July 2021, Published under Cement NewsDespite initial concerns that Mexican cement demand would see a sharp contraction in 2020 due to the COVID-19 pandemic, domestic consumption held up better than expected through the year. The early signs for 2021 are encouraging but, with a rollercoaster of expectations ahead, Credit Suisse asks how long can Mexico’s fiesta last? By Vanessa Quiroga, Credit Suisse, Mexico. Going forward, the picture for Mexican cement demand, exports and utilisation levels is promising. The outlook ... |
Cemex's new growth phase02 July 2021, Published under Cement NewsCemex Day was held last week and looked at the company's investment and sustainability strategy going forwards. One of the most significant developments for the company is it reaching an investment-grade (IG) capital structure by the end of June. "We believe that we currently have the best market outlook in years, and that we are entering a period of sustainable growth. We can turn the page on what has been a lengthy chapter for Cemex and open a new book where we consolidate our recent a... |
Cemex achieves investment-grade capital structure28 June 2021, Published under Cement NewsCemex has announced that it is executing its strategic objectives under its Operation Resilience programme faster than previously anticipated, as a result of decisive management decisions combined with solid market performance. The company is confident that it will achieve an investment-grade capital structure of 3x leverage by the end of this month. As a result, it has established a new leverage target within its Operation Resilience goals that consists of regaining an investment-grade cre... |
Cemex sets aggressive new 2030 carbon emission targets25 June 2021, Published under Cement NewsCemex has set a more aggressive carbon reduction target of below 475kg of CO 2 per tonne of clinker produced, approximately a 40 per cent reduction in CO 2 emissions by 2030. The new target is below the two degree global warming scenario of the Science Based Targets Initiative (SBTi). Cemex is also planning to set a new target of 520kg of CO 2 /t of clinker produced by 2025, equivalent of a 35 per cent emission reduction. The company is also reducing CO 2 emissions from its concrete bu... |
Holcim México inaugurates new Umán grinding unit24 June 2021, Published under Cement NewsLafargeHolcim subsidiary Holcim México saw the commissioning of its new 0.65Mta grinding plant in Umán, Yucatán. The Umán plant will be supplied with clinker from production facilities in Macuspana, Tabasco, and Orizaba, Veracruz. The plant represents an investment of more than US$40m and will be able to supply key infrastructure projects such as the Mayan Train and the Dos Bocas Refinery as well as supply cement in the construction of bridges, roads and housing. “It is one of the most m... |
Canacem pronounces 2020 the best year for Mexican cement in the last 5 years18 May 2021, Published under Cement NewsYanina Navarro, director of Mexico's Cement Association (CanaCem), has said that overall 2020 has been the best cement production year for the Mexican cement industry in the last five years. Navarro told bnAmericas that in January the industry reported a production volume of 4.2Mt, which is 533,000t and 669,000t more than the same month of 2020 and 2019, respectively, according to data from statistics institute Inegi. However, the total production volume and value for last year ... |
Cemex records 1Q21 net sales of US$3.4bn30 April 2021, Published under Cement NewsCemex has announced its 1Q21 results with EBITDA growing on a YoY basis in all regions. Consolidated net sales increased nine per cent to US$3.4bn. Operating EBITDA improved 28 per cent to US$684m, while the EBITDA margin increased to 20.1 per cent, 2.8 percentage points higher year over year. Net debt and leverage were reduced materially during the first quarter. Net debt plus perpetuals fell by US$547m, while leverage ratio was reduced to 3.61 times, almost half-a-turn reduction... |
GCC reports 9% increase in EBITDA28 April 2021, Published under Cement NewsMexico’s GCC has seen its consolidated net sales for the first quarter of 2021 decrease by 1.5 per cent to US$178.8m from US$181.4m in the 1Q20. This was primarily due to lower cement and concrete volumes in the US and the depreciation of the Mexican peso. However, this was partially offset by increased cement and concrete volumes in Mexico and a favourable price environment in both markets. The company’s EBITDA advanced 9.2 per cent YoY to US$49.5m from US$45.3m in the 1Q20, while the EBI... |