Cement News tagged under: Mexico

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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...

Cemex has decarbonisation roadmap validated by Carbon Trust

30 September 2020, Published under Cement News

Cemex announces that the Carbon Trust has validated its roadmap to decarbonise global operations in line with the Sectoral Decarbonisation Approach (SDA) 2-degree scenario (2DS) developed by the International Energy Agency (IEA). The validated roadmap would enable the company to achieve a 35 per cent reduction of net carbon emissions by 2030.   The validation scope included Cemex’s worldwide cement operations, with a detailed analysis of plants expected to contribute at least 80 per cent ...

Elementia commissions Yucatan plant

28 September 2020, Published under Cement News

Mexico's Cementos Fortaleza ( Elementia) inaugurated its new grinding plant in Yucatan last Friday, together with the governor of Yucatan, Mauricio Vila  Dosal , the mayor of Progreso, Julián  Zacarías   Curi , and the Secretariat of Economic Development and Work, Ernesto Herrera Novel. The grinding station will have a cement production capacity of 250,000tpa and during the first stage of construction generated about 300 direct and 450 indirect jobs.

Cemex included in the Fortune 2020 Change the World list

22 September 2020, Published under Cement News

Cemex SAB de CV   has been again included in the "Fortune 2020 Change the World" list, which highlights companies around the world that have generated a social impact through activities that are part of their business strategy. This is the third time that Cemex has received this distinction.   Fortune recognised Cemex's efforts in social impact business models. One of the   initiatives was the rapid deployment of solutions to meet the current challenges caused by the COVID- 19 pandem...

Cementos Fortaleza inaugurates Progreso plant

21 September 2020, Published under Cement News

Elementia-owned Cementos Fortaleza inaugurated its new US$25m cement plant in Progreso, Yucatan, Mexico. Yucatan state governor, Mauricio Vila Dosal, and Elementia CEO, Jaime Rocha Font attended the ceremony. The production facility has a capacity of 0.25Mta and incorporates state-of-the-art technology. It will complement the company’s current coverage of the Mexican market and is in line with its present expansion strategy. At the end of 2019, Elementia’s cement operations held a market...

Cemex Ventures to work with Carbon Clean on affordable carbon capture

18 September 2020, Published under Cement News

Cemex Ventures (Cemex group) has signed an agreement with Carbon Clean, a leader in low-cost modular carbon dioxide capture and separation technology, aimed at developing a carbon capture solution for the cement industry that lies below the line of US$30/t cost of CO 2 captured.   The ambitious target of making carbon capture technology accessible and more efficient would be an unprecedented achievement for the cement sector, opening a door of opportunities for further developments, claims ...

Cemex announces plans for a US$1bn bond issue

15 September 2020, Published under Cement News

Cemex has announced plans to issue US$1bn in senior notes to raise funds for general operations, including paying off debt, according to Reuters. The bonds will have a coupon of 5.2 per cent and mature in September 2030, the company said in a filing to the country’s stock exchange. The offer will close on 17 September. Fitch Ratings has assigned the secured notes a rating of ‘BB-’.

Cemex commences 'Operation Resilience'

11 September 2020, Published under Cement News

Cemex has outlined its 'Operation Resilience' programme, its business strategy from 2020-23 on a risk-adjusted basis. The company announced a need to focus on its core US and European markets as well as in metropolises where market demand is growing.   Fernando A González, Cemex's CEO, said the company will look to grow the profitability of the business through cost reductions and optimising the portfolio through divestments while redeploying its assets in new investments in its core busines...