Cement News tagged under: Mexico

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Cemex raises cement price 5% in Mexico

12 June 2018, Published under Cement News

Cemex 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...

Cemex launches online store

08 June 2018, Published under Cement News

Cemex has launched the Construrama online store for construction materials to enable fast and simple order placement, according to a press release. “Cemex’s launch of the Construrama Online Store builds on our efforts to transform the construction industry into a more efficient model: Our clients will now enjoy easy access to a wider catalog of products and be able to select, purchase and follow up on their online order, generating significant savings in productivity for our Construrama ne...

Loesche to supply Cruz Azul plants with coal and petcoke VRMs

18 May 2018, Published under Cement News

Loesche has now sold two coal/petcoke grinding mills to Cooperativa La Cruz Azul SCL for its production facilities in Hidalgo, 80km north of Mexico City, and the Lagunas plant in Oaxaca in the south of the country. In each of these cases, the Cruz Azul group is establishing a new production line. At the 2.8Mta Hidalgo plant, the new line and all existing kiln lines are to be supplied withground petcoke from the new Loesche mill. In addition to the vertical roller mill with a capacity o...

Cemex invests in health & safety app

17 May 2018, Published under Cement News

Cemex Ventures announced it invested in Prysmex, a Mexico-based start-up that offers an app to detect and helping to prevent workplace accidents through the Internet of Things and real-time data collection. Prysmex’s innovative solution features a web-based platform with a collaborative management app that monitors the environmental and geolocation variables of unsafe acts and conditions on customised 3D maps, enabling real-time decision-making and increased industry safety and productivit...

Cemex reports increase in net sales in 1Q18

27 April 2018, Published under Cement News

Cemex has announced a 92.3 per cent YoY fall in profit for the 1Q18, decreasing from US$336m to US$26m. The sharp decline has been attributed to higher operating expenses and foreign exchange loss. Operating EBITDA declined four per cent to US$535m, while the EBITDA margin was down 1.9 per cent YoY at 18.8 per cent. However, the company has recorded an eight per cent increase in overall net sales to US$3.38bn from US$3.14bn. Consolidated cement volumes increased by one per cent to 1...

GCC quintuples consolidated net income in 1Q18

25 April 2018, Published under Cement News

Grupo Cementos Chihuahua (GCC) reported a 13.6 per cent YoY rise in net sales to US$188.7m in 1Q18. The Mexico-based cement producer saw its EBITDA rise by 40.6 per cent to US$45.9m during the first quarter and improved its EBITDA margin from 19.6 per cent in 1Q17 to 24.3 per cent in 1Q18. Consolidated net income more than quintupled YoY to US$11.3m from US$1.7m in 1Q17. An 18 per cent rise in Mexican sales and an 11.9 per cent increase in US sales were key drivers to the improved results. ...

Cemex: Mexican cement market to grow 3% in 2018

24 April 2018, Published under Cement News

Mexico’s cement market is forecast to grow by 2-3 per cent, according to Cemex CEO, Fernando González. While construction of housing is expected to advance only modestly, the commercial and industrial building segments are envisaged to show sufficient growth. Infrastructure will also account for 25 per cent of cement offtake. “I wish we could do much more in infrastructure. I think that what is possible is usually invested as a function of the government programs and the works are pro...

CANACEM to ask presidential candidates for continuity

16 April 2018, Published under Cement News

Mexico’s National Chamber of Cement (CANACEM) will ask presidential candidates for continuity in the economic model and investments projects, reports Noticias Financieras. Mauricio Doehner, president of the organisation, has said that its members will seek dialogue with the candidates to present its needs. "[…] [W]e believe that we should continue with an economic model such as the one of expansion, inclusion, housing, infrastructure, so we are doing work groups, so we will be able to pres...

Mexican cement output growth to slow to below 3%

13 April 2018, Published under Cement News

The cement sector is expected to grow by 2.5 per cent YoY in 2018 as public and private infrastructure investments are postponed for the electoral year, according to the President of the National Chamber of Cement (CANACEM), Mauricio Doehner. "It's a year in which there is some uncertainty and people, as they say colloquially, it pays to wait. There are investments that are being put on hold to see what will happen after 1 July, and based on that investment decisions will be made, "he said...

Buzzi Unicem Full Year 2017 results

29 March 2018, Published under Cement News

In 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, ...