Cement News tagged under: Mexico
Mexican cement firms line up for airport contracts22 September 2015, Published under Cement NewsA group of 20 Mexican cement firms from AMCI, the association of independent concrete companies, are to invest MXN300m (EUR15.90m, US$18.03m) in the installation of a sector cluster to supply concrete for the construction of Mexico City's new international airport (NAICM). These firms will provide 48 per cent of the concrete required for the project and are currently negotiating with the Mexican construction industry chamber, CMIC, to obtain the association's support for the initiative.... |
Mexican cement prices increase07 September 2015, Published under Cement NewsMexican newspaper Reforma reported that cement prices in the country were increased by about six per cent on 1 September. This is the third price hike in the year which suggests the earlier two have been absorbed by the market. At 1H15 stage, Holcim reported pricing to be up 5.3 per cent and Cemex noted six per cent growth with a forecast for mid/high single-digit growth. Mexico generated five per cent of proforma EBITDA for LafargeHolcim last year and we expect pricing to be up five p... |
GCC sees higher volumes and bettter pricing19 August 2015, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) reported a 19 per cent rise YoY in second-quarter net sales to MXP3051m (US$186m) on the back of higher volumes and a better pricing environment both in its Mexican and US markets. In the US, sales rose by 19.6 per cent in the quarter, totalling MXP2190.3m. This reflected the two per cent rise in cement sales driven by deliveries in Minnesota, Texas, Iowa and South Dakota. Ready-mix volumes remained at the previous year’s level as adverse weather conditio... |
Cemex completes refinancing of its 2012 facilities agreement04 August 2015, Published under Cement NewsCemex announced yesterday that it has fully repaid the total amount outstanding of approximately US$1.94bn under the facilities agreement dated 17 September 2012, as amended from time to time, with new funds from 17 financial institutions. These lenders have joined the credit agreement dated 29 September 2014, as amended (the Credit Agreement) under new tranches, allowing Cemex to increase the average life of its syndicated bank debt to approximately four years. Other financial institutions ... |
Mexico: cement price up 8%24 July 2015, Published under Cement NewsIn the year to date, the price of cement in Mexico has increased by just over eight per cent. This follows a price rise of nine per cent in 2014, said Juan Francisco Sanchez Kramer, investor relations director of Elementia. The price movement is on the back of an expected rise in demand due to private and public infrastructure projects. He added that the Mexican construction sector has large potential. Significant population growth, an expanding middle class and more than 120m people witho... |
Cemex 2Q like-for-like net sales up 5%23 July 2015, Published under Cement NewsCemex announced yesterday that consolidated net sales reached US$3.8bn during the second quarter of 2015, representing a decline of eight per cent YoY, or an increase of five per cent on a like-for-like basis for ongoing operations and adjusting for currency fluctuations. The increase was due to higher prices, in local currency terms, in most operations, as well as improved volumes in most products in Mexico, US and northern Europe and Asia regions. Operating EBITDA increased by one per ce... |
Elementia raises MXN3.93bn with IPO, Mexico17 July 2015, Published under Cement NewsMexican construction holding Elementia raised MXN3.93bn (US$250.15m) with its initial public offering (IPO) on 9 July 2015. The company set an initial price of MXN17 per share and obtained resources 15 per cent below the estimated target of MXN 5.20bn. The maximum share price reached MXN18.50 which resulted in a net sum of MXN 3.77bn obtained, which will be invested in Fortaleza, the company's cement division. The resources will cover the expansion of production capacity at its Tula ... |
Cemex awards ecoperating Plus certification to building in Tijuana, Mexico10 July 2015, Published under Cement NewsCemex announced that it has awarded the ecoperating Plus certification to Torre Cosmopolitan, a sustainable and innovative commercial building, located in Tijuana, Baja California, México. The ecoperating Building Certification accredits buildings, during their design, construction and/or operation phase, with notable sustainable features and performance above the market standard. Cemex recognises projects that save energy, water and reduce the environmental impact associated to constructi... |
Torre Reforma: a concrete giant in Mexico City09 July 2015, Published under Cement NewsEven before its official inauguration in late 2015, Torre Reforma, designed by the Mexican architect Benjamín Romano from LBR&A Arquitectos, is already an architectural icon in Mexico. At 807ft and 57 levels, this emblematic corporate building is the tallest in Mexico City. Characterised by both its slimness and strength, the walls that serve as the backbone of the tower were built with Cemex Fortis. The high-strength properties of this concrete allow it to bear the weight of the slabs, wh... |
Mexico: Elementia plans to raise about US$290m in IPO29 June 2015, Published under Cement NewsMexican building materials company Elementia plans to raise about MXN4.5bn (US$290m) in its initial public offering next month. A preliminary prospectus detailed that Elementia plans to offer 201 million shares at a range of between 20 and 25 pesos per share. The IPO will take place on 9 July and shares can begin trading on 10 July, the company said. It will also include a 15 per cent over-allotment above the base amount, which will bring the total number of shares to about 231 million, re... |