Cement News tagged under: Mexico

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Cemex successfully closes new US$4.05bn bank loan

20 July 2017, Published under Cement News

Cemex 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...

Cemex to supply special concrete for new terminal

13 July 2017, Published under Cement News

Cemex expects to supply 21,500m 3 of roller-compacted concrete (RCC) to pave all of the roads for the new terminal of ALA Transportes, a division of Grupo Transportes de Monterrey (GTM), the largest trucking company in Mexico. Comprising 15ha in Nuevo Laredo, in northern Mexico, the project required a solution capable of easing the daily traffic of 400 trailers (of 14,000t) and that also offered long-term savings during the lifespan of the pavement. Cemex’s RCC solution was selected to...

First clinker produced from new Tula line

11 July 2017, Published under Cement News

On 2 July 2017, Fives produced the first clinker from Cementos Fortaleza's new 3300tpd production line in Tula, Mexico. This completion follows the successful start-up of the two cement grinding plants equipped with FCB Horomill® in December and January.

Mexico's construction chamber considers imports

06 July 2017, Published under Cement News

Following the rise in Mexican cement prices earlier this month, the President of the country’s Chamber of the Construction Industry, Gustavo Arvallo, said the organisation was looking into creating a viable logistics chain to accommodate imports. He said the latest price increase would need to be passed on to customers with public projects affected as well as private investors and house buyers. However, to minimise the effect of such price rises, increased supply through imports would cre...

LafargeHolcim's Geocycle receives Mexican recognition

03 July 2017, Published under Cement News

Geocycle’s co-processing plants located in Colima and Veracruz received the "Environmental Excellence 2017" award given by the Ministry of Environment and Natural Resources (SEMARNAT) through the Federal Environmental Protection Agency (PROFEPA), during a ceremony held in La Calera, municipality of Zacatecas state.   "At Geocycle Mexico we have an ongoing commitment to sustainable development, not only with our co-processing solution for industrial waste management, but also in our daily op...

Canacem: high demand pushes up Mexican cement prices

30 June 2017, Published under Cement News

Mexico’s National Chamber of Cement (Canacem) has attributed the increases in domestic cement prices to the high demand in the domestic market despite that construction players maintain that there are no conditions to justify the increases. "Cement prices in Mexico are established by the dynamics of supply and demand. The price varies depending on the region and the brand, because of the distances to be travelled, as transport in the country is expensive. We had time that we did not gener...

Tula project major milestones

28 June 2017, Published under Cement News

In May 2015 Cementos Fortaleza SA de CV awarded Fives with an EPC contract for the design, supply, erection and commissioning of a new complete 3300tpd production line to be installed in its existing Tula cement plant, in Mexico. The project features Fives’ latest technologies in terms of energy savings and environmental footprint: -    FCB kiln, FCB Zero-NOx precalciner, FCB preheater and Pillard NovaFlam® burner for the burning line -    FCB Horomill® and associated FCB TSV™ classifiers f...

S&P puts Cemex ratings on Watch Positive

20 June 2017, Published under Cement News

S&P Global Ratings has placed its 'BB-' global scale and 'mxA-/mxA-2' national scale ratings on Cemex on CreditWatch with positive implications. The recovery rating on all Cemex's rated senior debt remains at '3', which indicates that bondholders can expect a meaningful (50-70 per cent, in the higher band of the range) recovery in the event of a payment default.   S&P writes: "Following our 30 January 2017 upgrade of Cemex, our base-case scenario assumed that the company would remain commit...

Mexico recognises nine Cemex plants for environmental achievements

15 June 2017, Published under Cement News

Nine Cemex cement plants in Mexico have received Recognition of Environmental Excellence by the Federal Attorney for Environmental Protection. The works of Atotonilco, Barrientos, Ciudad Valles, Ensenada, Mérida, Monetrrey, Tamuín, Torreón and Zapotiltic all received the award. Recognition of Environmental Excellence is awarded to companies whose operations demonstrate continuous improvement in environmental performance, as well as a commitment to preserving the environment and a high...

S&P upgrades GCC rating

06 June 2017, Published under Cement News

S&P Global Ratings has raised its long-term corporate rating on Grupo Cementos de Chihuahua to 'BB' from 'BB-'. The outlook is stable.   At the same time, S&P raised the issue-level rating on the $260m senior secured notes due 2020 to 'BB' from 'BB-'.   Following GCC's acquisition of various assets from Cemex in 4Q16 for approximately US$306m (consisting of one cement plant in Texas, two cement terminals located in Amarillo and El Paso, Texas and the concrete, aggregates, asphalt and bu...