Cement News tagged under: Mexico
Cemex to collaborate with Volvo on electromobility solutions10 September 2021, Published under Cement NewsCemex will work with Volvo Construction Equipment and Volvo Trucks to develop a zero-emissions fleet with electromobility solutions that aligns with Cemex Future in Action programme. The two companies have reached an MoU to collaborate globally to improve productivity and the CO 2 footprint of electromobility solutions and mobile construction equipment trucks, productivity solutions and uptime services. "Working together with a leading global company in electromobility construction ... |
Cemex launches its Sustainability-Linked Financing Framework08 September 2021, Published under Cement NewsCemex has launched its most comprehensive 'Sustainability-Linked Financing Framework' to date. The framework further aligns Cemex's sustainability commitments to its financing strategy, as part of its Future in Action programme. Cemex's guiding principles for new sustainability-linked financing instruments, including public bonds, private placements, loans, derivatives, working capital solutions and other financing instruments are set out in the framework. "Climate change is one of the... |
Cemex Ventures helps Carbon Clean raise US$8m for carbon capture projects04 August 2021, Published under Cement NewsCarbon Clean has raised US$8m from new investor Cemex Ventures and existing investors Equinor Ventures, ICOS Capital and WAVE Equity Partners. The capital raise extends Carbon Clean's successful US$2m Series B investment round , brings the total value of the round to US$30m. "We're delighted to have Cemex as an investor and its backing further confirms the growing value of our technology proposition, as well as expanding confidence of strategic investors," said Aniruddha Sharma, Carb... |
GCC reports 44% increase in 2Q net income28 July 2021, Published under Cement NewsGCC saw its consolidated net sales increased 18.1 per cent YoY to US$286.7m in the 2Q21 from US$242.8m in the 2Q20. EBITDA advanced 18.6 per cent YoY to US$97m in the 2Q21 from US$81.8m in the 2Q20. As a result, the EBITDA margin edged up from 33.7 per cent to 33.8 per cent over the same period. Net income increased 43.8 per cent to US$47.7m in the 2Q21 from US$33.2m in the year-ago period. In Mexico cement and ready-mix volumes increased 17.1 and 41.4 per cent, respectively. In the USA c... |
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... |