Cement News tagged under: Mexico
Mexico's construction chamber considers imports06 July 2017, Published under Cement NewsFollowing 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 recognition03 July 2017, Published under Cement NewsGeocycle’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 prices30 June 2017, Published under Cement NewsMexico’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 milestones28 June 2017, Published under Cement NewsIn 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 Positive20 June 2017, Published under Cement NewsS&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 achievements15 June 2017, Published under Cement NewsNine 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 rating06 June 2017, Published under Cement NewsS&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... |
Cemex participates in first underwater tunnel in Latin America01 June 2017, Published under Cement NewsCemex participated in the construction of the Coatzacoalcos Underwater Tunnel in Veracruz, Mexico, an innovative infrastructure project in Latin America. The dimensions of this complex construction required the company to design and deliver special concretes to build the different structures that shaped the tunnel and its points of access. Because the construction was underwater, Constructora Túnel de Coatzacoalcos, the company managing the project, required Cemex to design specific concr... |
Fitch affirms Elementia's IDR, Outlook Stable19 May 2017, Published under Cement NewsFitch Ratings has affirmed Mexico-based Elementia, Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BB+', as well as its long-term national scale rating at 'A+(mex)'. The Rating Outlook is Stable. "Elementia's ratings reflect its strong business profile characterised by geographic and product line diversification, leading market shares in copper and in several of its building systems products, which have high brand recognition. Other factors include a well-developed ... |
Canacem: Mexico’s cement sector to grow 3% in 201712 May 2017, Published under Cement NewsThe Mexican cement sector is expected to grow by three per cent in 2017, as housing construction contracts, according to Osmín Rendón, president of the national construction chamber, Canacem. He said the cement price will continue to rise as in the last 5-7 years, but that the decision depends on individual companies and the pricing strategies they pursue. "Cement prices are diverse, there is no single price and this depends on the area and the brand. Each company will determine whether t... |