Cement News tagged under: Mexico
CMIC state president calls for construction industry to be classed as essential03 April 2020, Published under Cement NewsAs previously announced, the cement mills that make up Mexico’s National Cement Chamber will suspend operations due to the ongoing COVID-19 pandemic . The president of the Mexican Chamber of the Construction Industry (CMIC) for Querétaro state, Alvaro Ugalde Ríos, has noted that the shutdown would lead to the construction sector stopping with a week or two. Therefore, the state president has reportedly called for the construction industry to be classed as an essential industry and for the... |
Mexican cement plants to close due to coronavirus02 April 2020, Published under Cement NewsMexico’s National Cement Chamber (CANACEM) has announce that cement plants are ceasing operation. However, cement companies will carry out dispatches until 3 April and halt supplying public works and 62,000 hardware stores from 4 April onwards. The measure has been taken due to the spread of COVID-19. "It is necessary to carry out technical, operational and administrative actions in each of the plants whose activity will be suspended in order to be able to completely stop operations in a s... |
Cement vessel sinks off Oaxaca coast13 March 2020, Published under Cement NewsA general cargo ship by the name of Duban, loaded with some 1500t of cement, sank 13nm off of the coast of Oaxaca, southern Mexican state on Pacific coast, in the afternoon of 12 March, while en route to Manzanillo. A crew of 12 crew had to be rescued. The engine room was flooded and the ship was sinking on even keel. Witnesses report that the ship was already proceeding at reduced speed several hours prior to sinking. The Duban carries the flag of Togo and is owned by Rimac Sea River Shi... |
Cementos Molins reports 5% rise in net profit for 201928 February 2020, Published under Cement NewsCementos Molins posted a consolidated net profit of EUR90m in 2019, up five per cent YoY. EBITDA increased five per cent YoY to EUR49m. However, the depreciation of the Argentine peso and the hyperinflation in the Latin American country impacted the results. Excluding this, consolidated net profit growth would have been 16 per cent while EBITDA would have advanced by 13 per cent, said the company in a statement. The company achieved a turnover of EUR797m, reporting a four per cent YoY incr... |
GCC reports record 4Q19 US net sales21 February 2020, Published under Cement NewsGrupo de Cemento de Chihuahua (GCC), the Mexican cement producer that serves cement and concrete markets in USA, Mexico and Canada had 4Q19 consolidated net sales increased 11 per cent to US$228.6m, while EBITDA increased by 49.6 per cent to US$86.4m in 4Q19. GCC's consolidated net sales in 2019 increased by 5.8 per cent to US$934.1m. EBITDA increased 13.9 per cent to US$ 292m. During 2019 GCC opened a new cement terminal opened in Fort Stockton, Texas, USA. Two long-term agreements were ... |
Pillard wins Mexican burner order03 February 2020, Published under Cement NewsPillard has received an order for a Pillard PRECAFLAM™ burner in a new cement plant in Mexico, delivered by Fives FCB. Its technology, associated with both the Pillard NOVAFLAM ® main burner and the Fives FCB preheater, enables a very low specific heat consumption with an average of 760 kcal/kg. This 70MW vertical Pillard PRECAFLAM™ burner is designed to fire coal/petcoke/diesel/natural gas and solid alternative fuel. The substitution ratio of the alternative solid fuels can reach up to 6... |
Grupo Cementos de Chihuahua joins SBTi03 February 2020, Published under Cement NewsMexico's Grupo Cementos de Chihuahua (GCC) has announced that it has joined the Science-Based Targets initiative (SBTi) as part of its commitment to set science-based emission reduction targets, according to a press release. "By joining the SBTi, GCC will ensure that the company's low-carbon transformation is aligned with climate science and is a further reflection of our unwavering commitment to implement global best practices related to sustainability," said Enrique Escalante, CEO of GCC. |
Mexican market contracts 10% in 201929 January 2020, Published under Cement NewsCement sales in Mexico declined by around 10 per cent in 2019, according to Standard & Poor’s. The ratings agency attributed the fall to poor performance of the infrastructure market as the Texcoco airport project was cancelled, the partial suspension of commercial and residential building projects in Mexico City and a drop in the construction of new housing as the federal subsidy was reduced. The outlook for 2020 is subdued unless infrastructure investment rises, warns the ratings agen... |
Cemex to invest MXN10bn in Tepeaca expansion27 January 2020, Published under Cement NewsCemex is investing MXN10bn (US$530m) in the expansion of its cement works in Tepeaca, Puebla, according to the group’s President, Grupo Cemex. The expansion of the plant aims to meet the demand of central and southern Mexico. Following the expansion, the cement works will have a capacity of 4.5Mta. According to the company the new project, along with 15 existing plants throughout Mexico, shows its commitment to the development of the country. |
GCC signs 15-year solar power deal in Mexico18 December 2019, Published under Cement NewsGrupo Cementos de Chihuahua SAB de CV is to operate some of its cement operations in Mexico on solar energy under a newly-signed power purchase agreement (PPA). The company said it signed a 15-year off-take deal with a Mexican solar power supplier for electricity for its cement factory in Juarez, ready-mix and aggregates operations and corporate offices. The PPA starts in January 2021 and will enable GCC and will provide solar power for around 20 per centof the company's total power demand... |