Cement News tagged under: Mexico
S&P upgrades CEMEX's credit rating15 March 2024, Published under Cement NewsRating agency Standard & Poor’s (S&P) has upgraded CEMEX ’s long-term global scale issuer credit rating to Investment Grade (BBB-) due to its strong financial and operating performance, deleveraging strategy, and flexible capital allocation. “Achieving an investment-grade credit rating from S&P is a very important milestone for CEMEX,” said Fernando A González, CEO of CEMEX. “While we had record results last year, this rating is recognition of successful execution against our medium-te... |
Holcim Mexico appoints Jorge Gonzalez as CFO15 March 2024, Published under Cement NewsJorge Gonzalez has been named as the new CFO of Holcim Mexico , the Mexican division of one of the largest global producers of building materials. This move, by the company, is reportedly aimed at strengthening their position as an industry leader in sustainable construction materials. The new CFO says, “I am excited to take on this new challenge at a key moment for Holcim Mexico, in which we are accelerating our growth in the country significantly.” This appointment comes after the exe... |
CEMEX Holding Philippines addresses plastic waste14 March 2024, Published under Cement NewsCEMEX Holdings Philippines Inc has teamed up with Liwayway Marketing Corp to address the management of plastic waste in the Philippines. Under the deal, Liwayway Marketing Corp, the country’s leading snack food supplier, will be channeling its post-consumer plastic packaging waste to CEMEX’s Solid cement plant for co-processing. The plastic waste will then be converted into alternative fuels and raw materials cement production at the plant. “At CEMEX, we are committed to solving envi... |
José María Barroso to lead Canacem11 March 2024, Published under Cement NewsJosé María Barroso Ramírez, CEO of Cemento Moctezuma , has been appointed as the new president of Mexico's cement association, Canacem, for 2024-25. He succeeds Jaime Hill Tinoco, CEO of Holcim México . Mr Barroso has more than 40 years of cement industry experience, having served previously as commercial director at Cemento Montezuma and more than 30 years at CEMEX . He graduated from the Instituto Tecnológico de Mérida, Yucatán, with a degree in industrial engineering and olds a Master... |
Mexico’s green wave05 March 2024, Published under Cement NewsThe decarbonisation message has resonated in Mexico where the cement industry has grasped the opportunity to become a leader in sustainable cement production. Infrastructure is benefitting from low-carbon cement solutions while cement companies invest in making their operations more sustainable. By ICR Research, UK. Mexico’s cement industry is tapping into the decarbonisation drive of the global cement industry, looking to reduce its carbon footprint (Pictured: Cementos Moctezuma’s... |
CEMEX pioneers micronisation for decarbonised cement01 March 2024, Published under Cement NewsCEMEX is decreasing CO 2 emissions in cement production by reducing the size of clinker particles. This process, called micronisation, when combined with the use of proprietary admixtures, allows cement to significantly reduce its clinker factor per tonne of cement, thereby minimising its carbon footprint. Additionally, clinker micronisation has the added feature of maintaining the specified development strength required by the highest global cement standards. CEMEX's clinker micronisa... |
CEMEX and Orcan energy extend WHR agreement16 February 2024, Published under Cement NewsCEMEX and Orcan Energy have signed a large-scale partnership to decarbonise cement production through waste heat recovery (WHR). Building on the initial WHR collaboration at the cement plant in Rüdersdorf, Germany, the partners will now start to exploit Orcan Energy’s flexible and modular technology for CEMEX globally. CEMEX and Orcan Energy AG will analyse the scale-up of the heat-to-power solutions pioneered by Orcan Energy in parallel at several CEMEX plants to capitalise on the b... |
Holcim to invest US$55m in Tabasco mill15 February 2024, Published under Cement NewsHolcim Mexico plans to invest US$55m in the construction of a new grinding mill at its plant in Macuspana , Tabasco, Mexico. The new mill will increase cement capacity at the facility to 1.5Mta. This investment in Tabasco reflects our firm belief in the potential of southeastern Mexico and our commitment to the sustainable development of the region," said Jaime Hill, Holcim Mexico's CEO, in a statement. "Through this expansion, we will not only increase our capacity to supply the state... |
CEMEX secures CDP 'A' rating for environmental stewardship12 February 2024, Published under Cement NewsCEMEX has been recognised by CDP, a by the global non-profit environmental organisation, securing a place on its annual ‘A List’, for environmental leadership and transparency in climate action. Based on data reported through CDP’s 2023 Climate Change questionnaire, CEMEX is one of a small number of companies that achieved an ‘A’ out of over 21,000 companies scored. Since the launch of its Future in Action program in 2020, Cemex has reduced its CO2 emissions by 13 per cent, a reduction ... |
CEMEX reports 8% sales growth in 4Q2309 February 2024, Published under Cement NewsCEMEX has reported an eight per cent growth in sales in the 4Q23, plus a 20 per cent increase in EBITDA and a more than doubling of free cash flow (FCF) after maintenance capex to US$1.2bn. CEMEX reported an EBITDA margin of 19.2 per cent, an expansion of two percentage points, achieving its stated goal of recovering 2021 margin. Record EBITDA of approximately US$3.35bn and a turnaround in working capital investment significantly contributed to a six-year high in FCF after maintenance c... |