Cement News tagged under: Mexico
Cemex makes key EMEAA investments at the start of 202123 February 2021, Published under Cement NewsCemex has started 2021 by investing for growth and its climate action strategy in Europe, Middle East and Africa (EMEAA). It has made seven bolt-on investments that are aligned to its key priorities of climate action, sustainable construction and EBITDA growth, representing advances in fossil fuel reduction, lower-CO 2 products, circular economy, recycling and products that demonstrate life cycle CO 2 and energy consumption advantages for buildings. The investments include a new, low... |
Buzzi Unicem reports stable 2020 volumes in spite of pandemic12 February 2021, Published under Cement NewsThis week, Buzzi Unicem released its FY20 preliminary results. The Italian-based cement producer announced cement volumes of 29.3Mt, a YoY rise of 0.4 per cent despite the difficulties of the COVID-19 pandemic. The COVID-19 pandemic caused an unprecendented recession in the first half of 2020. The extraordinary economic policy packages taken out helped cushion the impact from the contraction of international trade, while the loosening of restrictive measures by the second half helped deli... |
Cemex reports 10% rise in 4Q20 cement volumes12 February 2021, Published under Cement NewsCemex S AB de CV reports that in the 4Q20 EBITDA grew by double-digit growth YoY. Consolidated net sales increased by nine per cent to US$3.537bn, an increase of one per cent for the full year of 2020 when compared with 2019. Operating EBITDA rose 19 per cent in the 4Q20 to US$644m. Operating EBITDA margin rose by 1.2 percentage points to 18.2 per cent. Foreign debt declined by US$1027m in 2020. "2020 was one of the most challenging years we have faced but itv was also a remarkable ye... |
Cementos Argos wins the silver medal in the sustainability marathon09 February 2021, Published under Cement NewsThanks to its good social, environmental, and corporate governance practices, Argos, Grupo Argos’ cement company, received the Silver Class distinction in the RobecoSAM Sustainability Yearbook 2021, for having been included in the Dow Jones Sustainability Index. "Being included for the eighth year in the RobecoSAM Sustainability Yearbook encourages us to maintain our high sustainability standards and allows us to continue improving every day so that we can continue contributing to the... |
Holcim Mexico launches Holcim Supra range04 February 2021, Published under Cement NewsFollowing years of research at its Center for Technological Innovation for Construction and with international support of LafargeHolcim’s Innovation Center in Lyon, France, Holcim Mexico has launched a new product range, Holcim Supra. The new product family is the only smart 3-in-1 technology that, in addition to repelling water, optimises production processes and protects works from environmental agents, keeping them in good condition for longer, says Holcim Mexico. Holcim Supra is aime... |
Cemex announces plan to address US cement shortage03 February 2021, Published under Cement NewsCemex has announced plans to optimise its supply chain to address cement shortages experienced throughout the western US. The project will leverage the company’s supply chain synergies in North America to alleviate cement shortages and project delays in California, Arizona and Nevada, according to a press release. The plans involve investing approximately US$15m to recommission a kiln with a production capacity of about 1Mta at the CPN cement plant in Hermosillo, Sonora, Mexico. This inve... |
GCC sees 2% rise in sales for 4Q2027 January 2021, Published under Cement NewsMexico's Grupo Cementos de Chihuahua (GCC) has seen a 1.7 per cent YoY increase in consolidated net sales to US$232.5m for the final quarter of 2020, compared to US$228.6m in the 4Q19. EBITDA fell 5.9 per cent YoY to US$81.3 from US$86.4m, while the EBITDA margin dipped to 35 per cent from 37.8 per cent. "GCC wrapped up 2020 with strong operational and financial results despite the challenges created by the COVID-19 pandemic. These positive results show GCC’s adaptability, resiliency and... |
Cemex announces pricing of US$1.75bn senior secured notes08 January 2021, Published under Cement NewsCemex SAB de CV announced the price of US$1.75bn of its 3.875 per cent senior secured notes due in 2031 and denominated in US dollars. The notes have a semi-annual interest rate of 3.875 per cent and mature on 11 July 2031. The notes are to be issued on 12 January 2021, subject to customary closing conditions. Cemex intends to use the proceeds of the offering for general corporate purposes. |
Peru cement prices among lowest in Latin America05 January 2021, Published under Cement NewsCapeco, the Peruvian construction chamber, reported that the average retail price for grey cement in Peru is around US$6.22 per 42.5kg bag – one of the lowest in Latin America. The highest price is paid in Argentina, where a bag of cement costs on average US$12.34, followed by Nicaragua, Uruguay, Guatemala and Paraguay, where a bag of cement costs around US$10. In Brazil, prices are the lowest at US$5.03/bag, according Capeco. In Chile a bag of cement retails at US$7.65 while in Colombia a... |
Cooperativa Cruz Azul councils take control of Oaxaca plant05 January 2021, Published under Cement NewsThe administration and surveillance councils of Mexico’s Cooperativa Cruz Azul have reportedly taken back operational and administrative control of the company’s cement plant in Lagunas, Oaxaca, according to Reporte Indigo. The councils are headed by José Antonio Marín and Víctor Manuel Velásquez. However, other partners have indicated that the recent takeover of the plant will be legally fought. In October last year, an attempt was made to execute a judicial order to retake the facilitie... |