Cement News tagged under: Mexico
Buzzi Unicem Full Year 2017 results29 March 2018, Published under Cement NewsIn 2017 Buzzi Unicem group sold 26.8Mt of cement (+4.4 per cent compared to 2016) and 12.3Mm 3 of ready-mix concrete (+3 per cent YoY). Consolidated net sales increased by 5.1 per cent, from EUR2669.3m to EUR2806.2m. EBITDA decreased by 7.7 per cent from EUR550.6m to EUR508.2m. The foreign exchange effect was negative for EUR2m. The figure for the year under review includes non-recurring costs of EUR68.2m, of which EUR59.8m for antitrust sanctions inflicted to the Italian cement sector, ... |
Cemex Day 201823 March 2018, Published under Cement NewsCemex CEO, Fernando Gonzalez, opened the Cemex Day 2018 on 15 March, claiming that over the last four years they had built a stronger company, including achieving a US$6bn debt reduction and the highest net income in a decade at US$800m. Troubling countries for Cemex were Colombia and Egypt, but the multinational still delivered EBITDA of US$2.6bn in 2017. The company also announced US$250m strategic capex spending for 2018, targetting assets in the emerging cement markets of Brazil and... |
Cemex is the first company to operate plants by remote control13 March 2018, Published under Cement NewsCemex has announced that it is the first company in the industry to successfully operate plants by remote control. The company’s monitoring and remote control system, Centro de Control Cemento (C3), operates in real time and tracks the live data of 14 cement plants, 25 kilns and 86 grinding mills in Mexico, alongside a facility in Colombia and another in the US. Cemex created the C3 to unify the control systems of all its cement plants to make real-time optimal decisions. From its central ... |
Cemex renews Birdlife conservation partnership15 February 2018, Published under Cement NewsCemex announced it is renewing its partnership with Birdlife International, the world’s largest nature conservation partnership. The renewal extends the cement producer’s 10-year partnership by a further three years. “Cemex and BirdLife’s joint efforts have significantly improved the biodiversity of Cemex’s quarries, such as its Cerrito Blanco Quarry in northwestern Mexico. As a result of this BAP implementation, Mexico’s national bird, the Golden Eagle, is benefitting from a focussed con... |
Cementos Chihuahua sees 58% EBITDA hike in 4Q1714 February 2018, Published under Cement NewsCementos Chihuahua increased its EBITDA by 58.4 per cent YoY in the 4Q17 due to higher cement and concrete sales in Mexico and the USA as well as a 6.2 per cent cement price increase, according to a company statement to the Mexican Stock Exchange. "In the United States, sales increased 29.8 per cent and accounted for 76 per cent of Cementos Chihuahua's consolidated net sales. In Mexico, fourth-quarter sales increased 22.6 per cent and accounted for 24 per cent of net sales," said the stat... |
Cementos Moctezuma fined MXN3.346m by environmental regulator14 February 2018, Published under Cement NewsMexico’s environmental regulator PROFEPA has fined Cementos Moctezuma’s Tepetzingo plant MXN3.346m (US$179,795) over a breach in environmental regulations. In addition, the cement producer is required to shut down its second production line as a temporary measure. According to the Attorney General's Office, the company did not have a valid authorisation for the installed capacity, which resulted in unfair competition."The production capacity that was authorised at the time, when its autho... |
Cemex’s lower trading profit offset by lower tax rate/interest charge09 February 2018, Published under Cement NewsCemex' turnover improved by 2.4 per cent in 2017 to US$13,672.2m. EBITDA declined by 9.1 per cent to US$1725.2m and the trading profit fell by 15.8 per cent to US$1523.1m. The net interest charge, however, declined by 10.9 per cent to US$1022.3m, but still giving a pretax profit 22.9 per cent lower at US$723.4m. The tax charge was some 83 per cent lower and deconsolidated activities had also been profitable, giving a net attributable profit 7.5 per cent ahead at US$806.2m. Net debt, inclu... |
Cruz Azul partially closes Tula plant07 February 2018, Published under Cement NewsCruz Azul is partially closing its Tula plant in Hidalgo, Mexico, as it lacks current environmental authorisation for the operation of its plant. Staff of the Federal Procuracy for Environmental Protection (Profepa) carried out an inspection of the plant and when verifying documents, it was found that the plant did not have a current authorisation of the Environmental and Natural Resources Secretariat (Semarnat). As a precautionary measure the construction and operation of Raw Mill No... |
Mexican cement producers raise prices10 January 2018, Published under Cement NewsAt the start of the new year, Mexican cement producers have raised the price of grey cement between 6-10 per cent, according to Ramiro Páez Cruz, president of the Mexican Association of Independent Concrete Co (AMCI). Cruz Azul and Fortaleza raised the prices of their products by five per cent while the increase by Cemex, Moctezuma and Holcim was 6.25, seven and 10 per cent, respectively. The increases in cement prices will be passed on to the customers, said Mr Páez Cruz with concre... |
Mexican cement demand forecast to fall 3% in 201703 January 2018, Published under Cement NewsMexican cement consumption is expected to reach 43Mt in 2017, representing a three per cent YoY decrease when compared with 2016, according to the National Chamber of Cement (CNC). The fall is the first since 2013. The market contraction has been attributed to a weak construction sector and the uncertainty around the NAFTA negotiations. Cement companies were also at the centre of controversy as they increased prices by a total of 10.18 per cent by November, the highest level in a decad... |