Cement News tagged under: Mexico
Cemex reports 4% decline in net sales for 3Q1925 October 2019, Published under Cement NewsCemex has reported consolidated net sales of US$3.5bn in the 3Q19, representing a decrease of four per cent YoY, or one per cent on a like-for-like (LfL) basis for the ongoing operations and adjusting for foreign-exchange fluctuations. Higher prices for its products, in local currency terms, in all regions were more than offset by the lower volumes seen in Mexico and the Asia, Middle East and Africa region. Operating EBITDA over the same period fell by nine per cent to US$681m. Consolidated ... |
GCC sees 8% rise in consolidated net sales23 October 2019, Published under Cement NewsMexico's Grupo Cementos de Chihuahua (GCC) has recorded an 8.3 per cent YoY rise in consolidated net sales to US$301.7m for the third quarter of 2019, on the back of improved cement volumes and prices in Mexico and the USA. EBITDA advanced 15.2 per cent to US$96.4m from US$83.7m in the 3Q18, while the EBITDA margin remained largely unchanged at 31.9 per cent from 30 per cent. Regionally, net sales rose 5.5 per cent and 9.1 per cent in Mexico and the US, respectively. "GCC delivered stro... |
Holcim Mexico to build new plant in Yucatan18 October 2019, Published under Cement NewsHolcim Mexico has announced that it will construct a new facility in Umán, Yucatan, representing an investment of around US$40m. The grinding plant will have a 0.65Mta capacity and is part of the company’s efforts to expand in the southeast of the country, according to a company press release. "Expanding our operations in the Yucatan Peninsula demonstrates our long-term commitment to the region and the country. The area presents great growth opportunities in a strategic market for Holcim M... |
Cement prices fall in Mexico City20 September 2019, Published under Cement NewsMexico City’s cement prices have fallen in September compared to June 2019, according to a survey conducted by Morgan Stanley Casa de Bolsa. Holcim Mexico recorded a 17 per cent lower price in September compared to three months earlier, followed by Cementos Moctezuma with a decrease of 13 per cent. "Our data show an image of interesting nuances for pricing between different players in Mexico City, but it is important to note that it is a small sample," said Nikolai Lippmann and Alejandra O... |
Cemex invests in building materials delivery start-up16 September 2019, Published under Cement NewsCemex Ventures, the venture capital business of Cemex, has announced it has invested in GoFor Industries, a logistics marketplace for on-demand delivery of building materials and equipment for the DIY and construction industries. GoFor Industries is a start-up company founded in 2016 with operations in the USA and Canada. By 2020 GoFor is expected to expand to 20 major market areas in the USA. Gonzalo Galindo, CEO of Cemex Ventures, said, “With this investment, we seek to improve a criti... |
GCC signs agreement for clean energy supply13 September 2019, Published under Cement NewsMexico’s Grupo Cementos Chihuahua (GCC) has signed an agreement with a US-based clean energy provider for the supply of solar and wind energy to its cement plant in Odessa, Texas, to fulfil 100 per cent of the facility’s electricity requirement. The company did not release the name of the energy supplier but noted that energy supply is expected to begin in July 2022. The plans will mean an approximately 45,000tpa reduction in CO 2 . The 10-year fixed price agreement also represents a 22 p... |
Jaime Hill appointed as CEO of Holcim Mexico27 August 2019, Published under Cement NewsJaime Hill has been appointed as the CEO of Holcim Mexico, as the company looks to strengthen operations and consolidate the firm in the cement, aggregate, concrete and value-added product sectors, according to a press release. "I am honoured to take on this responsibility because Mexico is a key country for LafargeHolcim. In strategy 2022, we will implement a simpler and results-oriented operating model, so that we can be closer to our customers. This will involve investments in projects... |
Cruz Azul orders two Loesche petcoke VRMs13 August 2019, Published under Cement NewsCYCNA (Cruz Azul group) commissioned a Loesche cement grinding plant in Tepezalá, Mexico, last year, and this summer two more Loesche coal grinding plants for petcoke grinding will be installed at the Lagunas and Hidalgo cement plants. The Loesche LM46.2+2 CS cement mill was commissioned in August 2018 at the Tepezalá cement plant and is guaranteed to grind at a capacity of 110tph but has been operating at 140tph. This has been followed by the order of two Loesche LM41.4D petcoke mill for ... |
GCC announces overall increase in sales for 1H1926 July 2019, Published under Cement NewsMexico's Grupo Cementos de Chihuahua (GCC) has announced a 1.3 per cent YoY increase in sales to US$403.9m for the first six months of 2019, against US$398.8m in the year-ago period. EBITDA declined five per cent to US$109.2m, while the EBITDA margin slipped 1.8 per cent to finish at 27 per cent. The 2Q19 saw a 3.5 per cent YoY rise in sales to US$240.5m from US$232.3m. EBITDA advanced 2.2 per cent to US$70.9m in the same period. However, the company’s EBITDA margin contracted 0.4 per cent... |
Cemex increases cement exports from its Mexican plants26 June 2019, Published under Cement NewsIn 2018 Cemex advanced its share of cement exports from its Mexican plants to six per cent. In terms of destination of these shipments, around 63 per cent of Cemex’s total cement exports from Mexico were delivered to the USA, a further one per cent to Costa Rica and the balance to the rest of the Latin American region, including the Caribbean. The company sold 10.2Mt of cement and clinker in 2018 with 5.7Mt exported from its operations in Spain, Croatia, Mexico, Germany, Lithuania, Domin... |