Cement News tagged under: Mexico

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GCC reports a 7% decline in net sales

30 October 2020, Published under Cement News

Mexico’s Grupo Cementos de Chihuahua (GCC) reported a 6.8 per cent YoY decline in consolidated net sales to US$281.1m for the third quarter of 2020, compared with US$301.7m in the 3Q19. The fall was primarily due to decreased cement volumes in the US, concrete volumes in Mexico and the depreciation of the Mexican peso, according to its earnings report. However, it was partially offset by higher cement volumes in Mexico and a favourable price environment in both markets. Consolidated net sa...

Cemex sees net sales rise to 3% to US$3.436bn in 3Q20

29 October 2020, Published under Cement News

Cemex SAB de CV has announced its 3Q20 results with net sales increasing by three per cent on a like -for-like (LfL) basis to US$3.436bn, while EBITDA rose by 15 per cent to US$728m.     Net operating earnings, before other expenses, rose by 20 per cent to US$453m on a LfL basis. Net debt plus perpetual notes fell by US$504m versus the previous quarter. Net sales in Mexico rose by 14 per cent on a LfL basis to US$723m. Operating EBITDA rose 16 per cent to US$246m on a LfL basis, versus...

Cemex exported 9% of Mexican output in 2019

26 October 2020, Published under Cement News

Cemex exported nine per cent of its Mexican cement sales in 2019. according to CE NAFTA 2.0. The company’s data show that 67 per cent of exports were delivered to US customers while the remaining 33 per cent were shipped to other Latin American countries. Exports were mainly in the form of cement although the company also shipped some clinker.

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...