Cement News tagged under: Mexico

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Cemex to invest in seven energy projects

01 April 2016, Published under Cement News

Cemex has plans for seven energy projects in Mexico, including wind parks, according to its CEO, Fernando González Olivieri. The structure of the investment would run along similar debt-to-equity lines as used in the construction of the Ventika wind farm, promoted by Cemex and Fisterra Energy, a Blackstone subsidiary. Some 75 per cent of funds were contributed by NadBank, Banobras, Nafin, Bancomext and Santander. The balance was met by Fisterra, Cemex and other investors with Cemex investi...

Estanda improves productivity at Mexico mill

01 March 2016, Published under Cement News

Estanda has successfully completed the improvement of a raw cement mill for a cement plant in Mexico. The aim of the project commissioned to Estanda was to improve the productivity of the ball mill and to reduce the wearing of the steel parts due to the characteristics of the material to be ground: raw cement with very high abrasiveness. The solution applied by Estanda technicians consisted of the installation of a new transfer diaphragm with modified designs of the plates, manufactured in...

Higher cement volumes drive Elementia’s 4Q and full-year revenue growth

26 February 2016, Published under Cement News

Mexico-based Elementia reported consolidated revenues for 4Q15 rose by five per cent YoY to MXP4.02bn and by 11 per cent over the full year to MXP15.33bn, mainly due to higher volume sold by its cement division. In line with management expectations, revenues from the cement business for the full year totalled MXP2.37bn, a 36 per cent increase compared to MXP.175bn a year earlier. This was mainly due to price and volume increases of 13 and 20 per cent, respectively, when compared to the sam...

Mexico: cement prices rise 6.7% in 2015

25 February 2016, Published under Cement News

Cement prices in Mexico have risen 6.7 per cent in 2015, according to the National Institute of Statistics and Geography (INEGI). It is the highest price advance recorded since 2008. The increase has been attributed to the strength of the US dollar vs the Mexican peso. In 2015 Cemex, the largest cement producer in the country, hiked its prices by 10 per cent to protect its margins, a step which was quickly followed by other cement companies. In 2014 Cemex raised its prices by two per cent...

Mexico: Holcim launches new cement

10 February 2016, Published under Cement News

Holcim México has launched a new cement, Holcim Fuerte, on the local market. The product is targeted at the self-construction and housing sector. The new product offers a 30 per cent improvement in terms of mixing and placing, a 10 per cent higher performance and 50 per cent less cracking, according to the company. Holcim has invested around MXN133m in developing the latest addition its product range, with two years of laboratory research and field trials.

Cemex reports positive net income for the first time in six years

05 February 2016, Published under Cement News

Cemex announced yesterday that, on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, consolidated net sales increased by two per cent during 4Q15 to US$3.4bn, and increased five per cent for the full year 2015 to US$14.1bn versus the comparable periods in 2014. Operating EBITDA on a like-to-like basis increased by seven per cent during 4Q15 to US$663m, and by nine per cent for the full year to US$2.6bn versus 2014. Cemex said the increase in consolidat...

Cemex contributes to main trade route between Mexico and the USA

15 January 2016, Published under Cement News

Cemex announced that Cemex Mexico contributed to the restoration of the Monterrey-Nuevo Laredo highway, the main export-import route between Mexico and the US. Located in northeast Mexico, the Monterrey-Nuevo Laredo highway connects Mexico with the state of Texas in the United States. With 52 per cent of Mexico’s imports and exports moving along this highway, it is one of the main trade routes across the Mexican and US border. With more than 15,000 truckloads flowing across this highway ...

Fitch upgrades Grupo Cementos de Chihuahua's ratings to 'BB'; outlook Stable

13 January 2016, Published under Cement News

Fitch Ratings has upgraded Grupo Cementos de Chihuahua (GCC) local and foreign currency Issuer Default Ratings (IDRs) to 'BB' from 'BB-'. Fitch also upgraded GCC's US$260m senior notes due 2020 to 'BB' from 'BB-'. The rating outlook is Stable. The ratings upgrade reflects the strengthening of US residential construction across several of the company's markets as well as a favourable economic environment in northern Mexico that should support cement demand in the state of Chihuahua. Robust...

Mexico: Cruz Azul opens second Palmar de Bravo line

14 December 2015, Published under Cement News

Mexico's Cooperative la Cruz Azul recently opened a second production line at its Palmar de Bravo cement works, operated by its subsidiary CYCNA de Oriente. "CYCNA Orient today reaches 100 per cent of its design capacity. Previously this plant produced 1.2Mta of cement, but with the second line an additional 1.5Mta can be manufactured, giving a total of 2.7Mta, “said Guillermo Alvarez Cuevas, CEO of Cooperativa La Cruz Azul.

Cemex planning another price rise in Mexico

09 December 2015, Published under Cement News

Cemex plans to increase prices for bulk cement in Mexico starting January 2016, according to local media. Reforma reported that a letter was sent by Cemex to its customers in November to inform them of the pending hike. JP Morgan has noted that Cemex had raised prices by 21 per cent over FY-2015 which resulted in a decline in the company’s market share as peers had raised prices to a much lower extent. In the research house's view, this is likely to result in continued volume improvement ...