Cement News tagged under: Mexico
Mexico: Ventika wind park officially opened13 September 2016, Published under Cement NewsMexican President Enrique Peña Nieto inaugurated the Ventika wind park in General Bravo, Nuevo León. The facility has a capacity of 252MW and is expected to generate 1mkWh annually. The project was developed by a consortium consisting of Acciona, the capital fund Blackstone, Cemex Energía and Fisterra Energy. Construction finished December 2015 and the park started operation last April. The head of state said the US$650m project would help the country to reach its clean energy targets ... |
Banco Santander: positive outlook for Mexican cement companies07 September 2016, Published under Cement NewsBanco Santander analysts have upgraded their forecast on share prices of two key Mexican cement producers. The bank expects the company’s share price to rise 8.5 per cent in the next 12 months to MXN17.10/share. For Elementia, the share price would advance by 24.5 per cent in 2017 to MXN28/share. The bank said the share price increases were supported by a rise in cement prices by the companies. Cemex is expected to raise its prices by 18 per cent while Elementia would see a 25 per cent adv... |
Cemex awarded for environmental efforts02 September 2016, Published under Cement NewsCemex was awarded the Honourable Mention for the 2016 National Award of Ecological Merit by Mexico’s Secretariat of Environment and Natural Resources. The award is the most important environmental recognition in Mexico and was given to Cemex for its restoration and conservation efforts under its El Carmen Conservation Program. The programme has aided the population increase of various endangered species, such as the golden eagle, and other species such as the white-tailed deer and the bla... |
Cemex re-organises its Cementos Chihuahua investments30 August 2016, Published under Cement NewsGrupo Cementos de Chihuahua’s ownership is being restructured, with Cemex taking a 23 per cent direct stake as well as a minority interest in Camcem, which will be the majority shareholder in Cementos de Chihuahua. Cementos de Chihuahua will remain a quoted company. Cementos de Chihuahua saw its turnover for the first six months decline by 1.4 per cent to US$333.4m, with the US operations registering a 4.2 per cent improvement to US$235.4m, while the Mexican activities registered a 13.3 p... |
Cemex reports 6% rise in net consolidated sales and EBITDA27 July 2016, Published under Cement NewsCemex reported a six per cent YoY rise – on a like-for-like basis for the ongoing operations and adjusting for currency fluctuations – in net consolidated sales for the second quarter of 2016. The company saw its operating EBITDA advance by six per cent during the quarter to US$771m when compared with 2Q15 although on a like-for-like basis the increase was 16 per cent. The corresponding EBITDA margin saw a 1.3 per cent rise YoY to 20.9 per cent. The company attributed the rise in con... |
Mexico: Geocycle brand aims for a future without waste21 July 2016, Published under Cement NewsGeocycle is unifying its brand globally and in Mexico, the company operating under the name Ecoltec will now be known as Geocycle. It will continue to offer sustainable waste management solutions to reach its objective of “a future without waste”. For 23 years Ecoltec has offered world-class services for the responsible management of industrial waste as well as state and municipal government waste, such as proper disposal of used tyres which helps authorities reduce uncontrolled fires an... |
IFC grants Cemex EUR106m "green" loan13 July 2016, Published under Cement NewsThe International Finance Corp (IFC) has granted Cemex a loan of EUR106m to support the company’s sustainable development investment in emerging markets. After a thorough assessment of Cemex’s environmental, governance and social practices, the IFC will grant CEMEX funding for projects designed to enhance environmental performance that were completed in 2014 & 2015 as well as ongoing during 2016 which are part of the capital expenditure plan previously communicated by Cemex. Around 60... |
Market analysts upgrade outlook for Cemex shares17 June 2016, Published under Cement NewsCemex SAB de CV was upgraded by analysts at Scotiabank from a "sector perform" rating to an "outperform" rating in a note issued to investors on Thursday, The Fly reports. However, shares of Cemex SAB de CV traded down 2.12 per cent during trading on Thursday, hitting US$6.01. The stock had a trading volume of 1,815,899 shares. Cemex has a 52-week low of US$3.50 and a 52-week high of US$9.40. The company has a market capitalisation of US$63.41bn and a PE ratio of 375.62. The firm has a 50... |
Mexico: Moctezuma appoint new general director14 June 2016, Published under Cement NewsFabrizio Donega will be Corporación Moctezuma's new general director from 3 October 2016. Donega will replace Pedro Carranza Andresen, who is due to retire after 10 years working for the corporation. |
Cemex develops fire-resistant and explosion-proof concrete05 May 2016, Published under Cement NewsCemex Mexico announced today that its developed a fire- and explosion-resistant concrete designed specifically at first to safeguard data processing centre, Proyecto Q, of the Santander Group, in Querataro, Mexico. Located only 20m away from a petrol station, the centre was vulnerable to the effects of potential thermal radiation (fire) and overpressure (explosion). The Santander Group turned to Cemex for the design and construction of a perimeter wall capable of withstanding both scenari... |