Cement News tagged under: Mexico

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Digital bricks and mortar

28 April 2020, Published under Cement News

Digital transformation has been a key area of value creation for Mexican building materials major Cemex. Its trailblazing digital solutions include a customer-centric suite of services, the transformation of its truck fleet management and investing in innovative start-ups to foster the construction revolution. By German Carmona, NEORIS, Mexico. Cemex has positioned itself at the forefront of the digital transformation in the building materials sector To obtain and secure a compe...

First sustainable credit to the Mexican cement industry agreed

27 April 2020, Published under Cement News

BBVA Mexico has formalised a sustainable credit for MXN2.2bn (US$88.7m) over a five-year term to Cooperativa La Cruz Azul. According to the bank, it is the first sustainable credit in the Mexican cement industry and also the first of this year. The producer is expected to use the funds to modernise its production plants in Hidalgo and Oaxaca to reduce energy and water consumption, thereby making its production more efficient and reinforcing its commitment to the environment. The credit...

CMIC president warns that workers may soon lose salary

17 April 2020, Published under Cement News

The national president of the Mexican Chamber of the Construction Industry (CMIC), Eduardo Ramírez Leal, has warned that the minimal operation of smaller construction companies will result in around 500,000 workers in the sector losing income at the end of April. "In the next 15 days, it's when a lot of workers are no longer going to be getting paid because their employers won't have to pay them," said Mr Leal. The chamber represents 12,000 construction companies across the country. "I...

Mexico: getting back to business

10 April 2020, Published under Cement News

This week, Cemex was quick to announce that it was resuming operations, having previously fallen into line with the National Cement Chamber’s (CANACEM) decision to cease cement plant operations in Mexico on 2 April 2020.  Pressure to keep construction and cement sectors operational Cemex's announcement was a rapid about-turn on the advice that CANACEM president, Jaime Rocha Font, had given earlier: "We will stop supplying public and private works as of Saturday 4 April, this including th...

Cemex resumes operations in Mexico

07 April 2020, Published under Cement News

Cemex is resuming its building material operations in Mexico in line with the technical guidelines published in the official Mexican gazette to support the development of the economy during the COVID-19 pandemic. Cemex will comply with all measures indicated by the Ministry of Health to operate in a safe and responsible environment. The health and safety of employees, contractors, suppliers, customers and communities is a top priority for Cemex and the company will continue to enforce its h...

Steps to avoid project standstill in Mexico

07 April 2020, Published under Cement News

Following the announcement of CANACEM, Mexico's cement chamber, that it will slow down operations in the COVID-19 contingency, Claudia Sheinbaum Pardo, Mexico City's head of government, has said she is working with some cement companies to prevent the stoppage of priority work. This includes agreements with cement producers that see the transfer of high-density waste from Mexico City. "We are coordinating with the Government of Mexico on the provisions they have given. There are public work...

CMIC state president calls for construction industry to be classed as essential

03 April 2020, Published under Cement News

As 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 coronavirus

02 April 2020, Published under Cement News

Mexico’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 coast

13 March 2020, Published under Cement News

A 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 2019

28 February 2020, Published under Cement News

Cementos 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...