Cement News tagged under: Mexico
CEMEX acquires Kiesel29 September 2023, Published under Cement NewsCEMEX has agreed to acquire Kiesel, a mortars and adhesives technological leader in the construction industry based in Germany, as part of its ongoing strategy to strengthen CEMEX’s Urbanization Solution business through bolt-on acquisitions. “We remain committed to increasing our capacity to serve growing urban markets with more sustainable and innovative solutions,” said Sergio Menéndez, president of CEMEX Europe, Middle East, Africa and Asia. “This acquisition will enhance our Urban... |
CEMEX in refinancing talks with banks22 September 2023, Published under Cement NewsCEMEX is in talks with its banks over the refinancing of a US$3bn credit facility, according to Reuters. Fernando Gonzalez, the company’s CEO, hinted that refinancing might be an option back in July this year following CEMEX’s upgraded outlook to 'positive' by ratings agency Fitch. “We're in current discussions with our banks, because the biggest amount of debt that is maturing is bank debt,” explained CEMEX's Chief Financial Officer, Maher Al-Haffar. He is reported as saying that a 10... |
CEMEX leads the way in environmental impact information21 September 2023, Published under Cement NewsCEMEX is the first company in its industry to provide environmental impact information, including CO 2 emissions, for its core products in all of the main markets in which it participates around the world. This disclosure is customised by location and is critical for architects, engineers, contractors, and customers looking to develop more sustainable construction. Depending on the market’s customary practices, this is addressed either through Environmental Product Declarations (EPDs... |
CEMEX joins UN Forward Faster initiative19 September 2023, Published under Cement NewsCEMEX has reaffirmed its commitment to the UN’s Sustainable Development Goals (SDGs) through a series of collaborative efforts that seek to accelerate progress and inspire others in the private sector. Among these efforts are CEMEX’s participation in the UN’s Forward Faster initiative. Launched in September 2023 during the UN General Assembly week, the Forward Faster initiative aims to bring businesses together to accelerate their contribution to society in five action areas —gender equ... |
CEMEX supplies Vertua to Khalifa Port expansion07 September 2023, Published under Cement NewsCEMEX will provide over 200,000m 3 of Vertua lower-carbon concrete for the development of the topside infrastructure for the expansion of the Khalifa Port in the UAE, one of the largest port infrastructure projects in the world. Strategically situated midway between Abu Dhabi and Dubai and serving 25 major shipping lines with direct links to over 70 international destinations, Khalifa Port is an 18.5m deep-water multipurpose port with a total of 10.6km of quay wall that include two con... |
CEMEX in talks to sell Dominican Republic business06 September 2023, Published under Cement NewsCEMEX is reportedly considering selling its assets in the Dominican Republic. According to Bloomberg, the cement producer is working with J P Morgan Chase & Co on the potential divestment of its business in the Dominican Republic as it decides to shift its focus onto bigger markets. CEMEX, which has had a presence in the country since 1995, currently runs a 2.4Mta cement plant at San Pedro de Macorís , and also has 10 concrete plants, two aggregate quarries, a gypsum mine and three mar... |
CEMEX acquires two Spanish quarries31 August 2023, Published under Cement NewsCEMEX is strengthening its aggregates supply in Europe with the purchase of two quarries near Madrid as part of its strategic bolt-on acquisition strategy. Madrid and its surrounding areas are currently undergoing major urban expansion. Through this acquisition, CEMEX is better positioned to serve customers in the area, particularly for infrastructure projects, says the company. The deal strengthens CEMEX’s limestone reserves and includes all necessary elements for CEMEX to provide a be... |
CEMEX updates sustainability-linked Financing Framework15 August 2023, Published under Cement NewsCEMEX has updated its sustainability-linked Financing Framework to align with its more ambitious 2030 decarbonisation targets, announced on November 2022 and validated by the Science-Based Targets initiative (SBTi) for alignment under its 1.5°C scenario. CEMEX’s framework, first issued in 2021, aligns the company's financing strategy with its corporate sustainability commitments. The framework establishes CEMEX’s guiding principles when issuing new sustainability-linked financing instr... |
CEMEX signs waste agreement in Dominican Republic10 August 2023, Published under Cement NewsCEMEX ’s circular waste management business, Regenera, and DP World, a global leader in supply chain solutions, have signed an agreement for circular waste management solutions in the Dominican Republic. Under the agreement, Regenera will convert used tyres from DP World Dominicana’s logistics operations into a substitute for fossil fuels, thereby avoiding landfilling and the associated methane emissions. After exhausting all avenues for waste circularity (reduction, reuse, and recycling... |
Buzzi SpA sees 1H23 volumes decline in Europe08 August 2023, Published under Cement NewsBuzzi SpA reported cement volumes declining across much of western Europe in the 1H23, while the USA saw volumes rise significantly. Hydraulic binders and clinker sales in Italy were stable in the first six months of the year (-0.3 per cent), thanks to the recovery recorded in the second quarter. Ready-mix concrete output contracted, albeit moderately (-2.5 per cent). Selling prices closed the half-year without any significant changes compared to the level reached at the end of 2022... |