Cement News tagged under: Mexico
Cemex celebrates 25 years of global growth14 September 2017, Published under Cement NewsCemex celebrates the 25th anniversary of the start of its globalisation strategy by commemorating the company’s entry into the Spanish market in 1992. Cemex began its international diversification strategy by acquiring Spanish companies Valenciana de Cementos Portland and Auxiliar de la Construcción – at that time the two largest cement makers in Spain. Initiated in 1992, its global diversification strategy enabled Cemex to consolidate its position as one of the most important compet... |
Fortune recognises Cemex as a World Changing Company12 September 2017, Published under Cement NewsCemex announced that it has been included in the Fortune 2017 Change the World List, a ranking that highlights 50 companies worldwide that have had a positive social impact through activities that are part of their core business strategy. With its inclusion in Fortune’s 2015 list, this marks the second time that Cemex was recognised among the world’s top 20 companies in this ranking. Fortune recognised Cemex's efforts to foster sustainable building practices by highlighting the company’s “... |
Finalists for 2017 Cemex Building Award revealed06 September 2017, Published under Cement NewsCemex has announced the 61 finalists for the International Edition of the 2017 Cemex Building Award, which recognises the best architecture and construction worldwide every year. The International Edition gathers the winning projects from the different National Editions of the Cemex Building Award. This year, 17 countries issued a call for finished projects that will participate in the International Edition’s five categories and four special awards. Finalists from Colombia, Costa Rica, t... |
Cemex to supply Mexico City’s New International Airport17 August 2017, Published under Cement NewsCemex expects to supply approximately 900,000m 3 of concrete for Mexico City’s New International Airport. “We are very proud to participate in one of the most important infrastructure projects in Latin America,” said Juan Romero Torres, president of Cemex Mexico. “Mexico City’s New International Airport will improve the quality of life for millions of people and strengthen the city’s position as a hemispheric hub connecting the Americas.” The airport will be built in two phases, begin... |
Cemex builds sustainable BRT Lane in Mexico15 August 2017, Published under Cement NewsCemex supplied 10,400m 3 of special concrete to pave the first Bus Rapid Transit (BRT) lane for one of the main avenues in Queretaro, central Mexico. Known as “QroBus”, this project was developed by the local Urban Development and Public Works authorities, headed by the Architect Romy Rojas Garrido. This BRT lane offers an alternative for sustainable mobility to residents of the state of Queretaro, which has experienced significant demographic and economic growth over the past years that... |
Iconic area in Mexico City renovated with Cemex concrete09 August 2017, Published under Cement NewsCemex expects to supply over 27,000m 3 of special concrete for the renovation of 15 streets in Zona Rosa, an emblematic area in Mexico City. Since Zona Rosa is located among some of Mexico City’s major streets, including Insurgentes Avenue, Paseo de la Reforma and Chapultepec Avenue, the renovation project will promote the economic development of the area and the rest of the city. Due to the area’s high vehicular and pedestrian traffic, the project posed a significant challenge for the... |
Holcim supplies Mexico City airport01 August 2017, Published under Cement NewsHolcim Mexico begun the operation of an on-site production facility to supply premixed concrete for the foundation of the passenger terminal of Mexico City’s new international airport (NAICM), Manuel Sirtori, Corporate Director of Premixed Concrete, Sales, Logistics and Distribution for the company has said. “Holcim Mexico is proud to participate in the construction of the country’s most extensive infrastructure project of the century. To contribute in the building of the new airport is a... |
Cemex improves net profit strongly27 July 2017, Published under Cement NewsCemex reported a strong improvement in net profit for the six months to the end of June 2017, but cement volumes eased over the period. First-half turnover was down by 0.2 per cent to US$,703.9m, while EBITDA declined by 6.4 per cent to US$1248.1m.The trading profit, however, improved by 14.2 per cent to US$959.5m while net interest payments increased by three per cent to US$537.5m and the pretax profit improved by 29 per cent to US$451.6m. The net attributable profit rose from US$241.2m ... |
GCC achieves 23% YoY rise in 2Q sales26 July 2017, Published under Cement NewsMexican cement producer Grupo Cementos Chihuahua (GCC) announced a 22.6 per cent YoY rise in consolidated net sales to MXN4497m in 2Q17 from MXN3669m (US$242.4m). The company derives the majority of its sales in the US, where net sales advanced 28.9 per cent YoY to MXN3455m in 2Q17. In its home market of Mexico, sales expanded by 5.5 per cent YoY to MXN1042m in 2Q17 when compared with 2Q16. Cement price realisation in the second quarter improved 16.9 per cent in Mexico but was more ... |
Cemex successfully closes new US$4.05bn bank loan20 July 2017, Published under Cement NewsCemex announced today that it has entered into a new facilities agreement for a total amount of US$4.05bn with 20 institutions. The 2017 Credit Agreement will be used to refinance the US$3.68bn facilities agreement dated 29 September 2014 (2014 Credit Agreement), and the remaining amount will be used for general corporate purposes, which may include debt repayment. Cemex expects to fully cancel both drawn and undrawn amounts under the 2014 Credit Agreement by 25 July 2017. The main terms... |