Cement News tagged under: Mexico
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... |
Cemex to invest in seven energy projects01 April 2016, Published under Cement NewsCemex 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 mill01 March 2016, Published under Cement NewsEstanda 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 growth26 February 2016, Published under Cement NewsMexico-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 201525 February 2016, Published under Cement NewsCement 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 cement10 February 2016, Published under Cement NewsHolcim 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. |