Cement News tagged under: Mexico
Carbon capture bioreactor starts at Fortaleza's Tula plant24 October 2018, Published under Cement NewsMexico’s Universidad Autónoma Metropolitana (UAM) has developed a bioreactor which uses microalgae to capture flue gases from cement companies. The reactor was launched at Cementos Fortaleza’s cement plant in Tula in the country’s state of Hidalgo, where it will pilot the technology at plant level. In the process the exhaust gas from the kiln is passed through a reactor that contains water, nutrients and microalgae that retain carbon dioxide through photosynthesis and convert it to biomass... |
Cementos Fortaleza begins construction of cement mill28 September 2018, Published under Cement NewsMexico’s Cementos Fortaleza, part of Elementia, has begun the construction of a new 0.25Mta cement mill in Merida, Yucatan. The plant represents an investment of US$30m and will occupy a 7ha area, including space for a production area, two warehouses and a general services unit. The plant is expected to contribute to the growth of the construction sector in Yucatan, which recorded a 19 per cent expansion in the 3Q18. |
Cemex would have investment grade until 202019 September 2018, Published under Cement NewsThe strategy to reduce the leverage level would allow Cemex to recover its investment grade in the first part of 2020, according to Citibanamex projections. "We expect the company to end 2018 and 2019 with a net debt/EBITDA ratio of 3.8 and 3.1 times, respectively. For the first half of 2020 the indicator would reach 3.0 times, excluding the sale of assets,” explains an analysis of the financial institution. However, the sale of assets would accelerate the process to obtain the investme... |
Mexican cement prices forecast to rise in 201804 September 2018, Published under Cement NewsCement prices in Mexico are expected to continue their rise this year. Cemex increased its cement price at the start and in the middle of the year by Cemex, "We have announced two price increases so far this year. The increase executed in cement was four per cent in the first six months of the year, compared to the same period of the previous year. In line with what we mentioned at the beginning of the year, we have adjusted our pricing policy to compensate for the impact of inflation," acco... |
Holcim Mexico to raise prices of bagged cement31 August 2018, Published under Cement NewsHolcim Mexico has announced that the prices of its bagged cement products will increase by seven per cent from 1 September. The hike has been attributed to the high volatility in the exchange rate as well as rising costs, with energy prices rising up to 22.9 per cent. The company has reportedly implemented mitigation measures, such as increasing process efficiencies, to reduce the impact of the effects on production and distribution expenses. |
Elementia to invest US$30m in Yucatán grinding unit15 August 2018, Published under Cement NewsMexican cement producer Elementia will invest US$30m in a 0.25Mta grinding unit in Yucatán, reports CE Noticias Financiers. The project is in line with Fortaleza’s commercial strategy and part of the company’s previously-announced profitable growth strategy focussed on the countries where it currently operates – Mexico, USA and Costa Rica, according to a company statement. The new cement plant is scheduled to start operations at the end of 1H19, according to the company. |
GCC 1H18 sales rise by 11.4%25 July 2018, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) reports that its 1H18 sales increased 11.4 per cent to US398.8m, generating US$115m in EBITDA, up 22 per cent YoY. However, the company's net result slipped, registering a minor loss of US$0.6m. In the 2Q18, sales advanced 6.9 per cent to US$232.3m when compared with the 2Q17. EBITDA rose 8.7 per cent in the 2Q18 to US$69.4m. The company also reported a net loss for the 2Q18 of US$11.9m. During the 1H18 GCC completed the acquisition of the 0.315Mt capa... |
Cementos Fortaleza to burn El Huixmí tyres16 July 2018, Published under Cement NewsCementos Fortaleza will play a key part in disposing of 867t of tyres that were stockpiled in the El Huixmí sanitary landfill in Pachuca de Soto, Mexico. Municipal president, Yolanda Tellería Beltrán, said the removal of the tyres from the landfill site had started in January and had now been completed. "The cement company has all the equipment and technology to protect against contaminants, and it does not cost the city council because it is the company that transfers all the material fr... |
GCC acquires Trident Cement, sells OK and AR ready-mix operations15 June 2018, Published under Cement NewsMeixcan cement producer Grupo Cementos de Chihuahua (GCC) received regulatory approval for the purchase of the 0.315Mta Trident cement plant in Three Forks, Montana, USA, from CRH, as well as the sale of its ready-mix concrete operations and transportation assets in Oklahoma and Arkansas. Following the transaction GCC owns eight cement plants in the US and Mexico, with a total production capacity of 5.4Mta. In addition, the company expects to commission the expansion of its cement plant in... |
Cemex raises cement price 5% in Mexico12 June 2018, Published under Cement NewsCemex has increased the price of cement in Mexico by five per cent last week, making it the second price rise by the company this year. The increase applies to national sales of bagged cement. The increase applies from 4 June and the company has said the price is part of its programme to supply “value over volume” and to set “realistic cement prices. In January the company carried out a 10-12 per cent increase in prices for both bagged and bulk cement as well as raising prices for read... |