Cement News tagged under: Mexico

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Cemex EBITDA margin under pressure

21 July 2014, Published under Cement News

Cemex' first-half turnover improved by 5.7 per cent to US$7736.5m and the EBITDA edged ahead by 1.5 per cent to US$1269.7m, while the trading profit improved by 4.5 per cent to US$721.5m. Net interest payments rose by 15.1 per cent to US$841.4m and, after other charges, there was a pre-tax profit of US$49.2m compared with a US$118.9m loss. At the net attributable level, the loss fell by 49.1 per cent to US$220.3m. Equity shareholders' funds at the end of June declined by 2.6 per cent ...

Cemex heading towards strong earnings rebound

17 July 2014, Published under Cement News

Cemex is expected to post a significant rebound in pretax earnings for the full year, driven primarily by the US recovery and an anticipated pick-up in Mexican volumes and pricing, according to JP Morgan forecasts. In a largely positive report on Latin American cement companies, JP Morgan notes: "We like the Cemex story on the back of strong growth in EBITDA…especially from the US and Mexico. Also, growing free cash flow should help to un-leverage its balance sheet. Propelled princip...

Elementia in talks for Lafarge JV stake, Mexico

15 July 2014, Published under Cement News

Elementia SA, the Mexican cement maker backed by Carlos Slim and Antonio del Valle, is in talks to buy out partner Lafarge SA in their Mexican joint venture, Bloomberg reported Monday citing people with knowledge of the matter. Elementia reportedly has the right to buy Lafarge's 47 per cent stake under an option in the original terms of the Mexico partnership. Lafarge's move to sell the stake is said to be in line with its proposed merger with Holcim which also has operations in Mexico. It ...

Mexico: Cementos Fortaleza inaugurates new plant

10 July 2014, Published under Cement News

Cementos Fortaleza’s new 1Mta greenfield plant in Santiago de Anaya, Hidalgo, Mexico, has been inaugurated. The official launch took place in the presence of Elementia president, Francisco Del Valle Perochena, along with Mexico’s Minister of the Economy, Ildefonso Guajardo Villarreal, and Hidalgo’s state governor, Franciso Olvera. “After 70 years a new cement company is born in the country; we are very proud and committed to participate in this industry,“ said Mr Del Valle Perochena. Ou...

Mexico: Cementos Fortaleza plant to be inaugurated next week

04 July 2014, Published under Cement News

Mexichem, Elementia and Lafarge will inaugurate the first plant of Cementos Fortaleza on Tuesday, 8 July 2014. The event will be led by Mexico’s president, Enrique Peña Nieto, and Carlos Slim Helú, head of Grupo Carso. The new works is located in Santiago de Anaya, Hidalgo, and is expected to produce 2Mta. Cementos Fortaleza is a strategic alliance between Elementia, which holds 53 per cent of shares, and Lafarge, which holds the balance.

Cementos Molins expects return to profit

23 June 2014, Published under Cement News

Cementos Molins expects to be back in the black in Spain thanks to the deceleration of the market slowdown in the country and the development of its business in Mexico. Full-year profits in 2014 are expected to reach EUR30m, according to the company’s CEO, Juan Molins. Last year, the company’s profit were EUR10m, 77 per cent less than the year prior, mainly due to positive figures returned by its foreign operations, which offset losses in Spain. Cementos Molins had an operating profit of ...

Cemex hikes prices by 7% in Mexico

11 June 2014, Published under Cement News

Cemex is to increase the price of grey cement in Mexico by seven per cent, its second increase of 2014. The company hiked prices in its domestic market during the first quarter of this year. Together with the new increment, prices have risen by 14.5 per cent on a cumulative basis so far in 2014. The increases have been made in a bid to bring prices back up to where they were in 2012 before the market's depression, as well as to compensate the rising cost of input materials such petcoke...

Cemex Mexico recognised for its environmental strategy

10 June 2014, Published under Cement News

Cemex Mexico has been recognised for its achievements in the reduction of greenhouse gas (GHG) emissions and use of alternative fuels in its operations by the Ministry of Environment and Natural Resources of Mexico (SEMARNAT) and the government of the Mexican state of Nuevo Leon. As part of the Greenhouse Gas Effect Program in Mexico (Programa GEI México), SEMARNAT granted Cemex Mexico the GEI-2 award for its progress in the management of GHG emissions and compliance with a verified invento...

Holcim Mexico to implement biomass firing at Orizaba

06 June 2014, Published under Cement News

Holcim Mexico plans to use biomass from the coffee, paper and brewing industries as energy source for its kilns. The initiative will help the cement producer to reduce its carbon footprint. The alternative fuel will be used from August onwards in its Orizaba works in Veracruz. “The reduction of the environmental footprint, which includes the reduction of CO2 emissions, is one of priorities in [Holcim’s] business strategy. The biomass programme seeks to increase the use of alternative ...

Holcim opens water treatment plant in Mexico

02 June 2014, Published under Cement News

Holcim has opened a water treatment plant in Mexico at its Ramos Arizpe complex operated by subsidiary Ecoltec. The plant, which will treat water contaminated by hydrocarbons, has a daily capacity of 40m3 and allows the firm to process water more efficiently.