Cement News tagged under: Mexico
Buzzi SpA reports consolidated EBITDA up 58% in 1H2307 August 2023, Published under Cement NewsBuzzi SpA announced its 1H23 results reporting that consolidated EBITDA stood at EUR575.3m, up 57.6 per cent compared to EUR365.1m of the previous year. The figure for the period under review includes non-recurring income of EUR3.6m. Profit before tax amounted to EUR552.9m (EUR119.8m in the previous year), considering a contribution of EUR80.6m from equity earnings (EUR57.6m in 2022) and positive net finance costs of EUR24.9m (-EUR56m negative in 2022). After income taxes of EUR121.7m... |
CEMEX grows sales by 10% in 2Q2328 July 2023, Published under Cement NewsCEMEX has reported its 2Q23 results with a 10 per cent growth in sales to US$4566m, a 29 per cent increase in operating EBITDA to US$961m, and an EBITDA margin expanding by 3.3 percentage points to 21.1 per cent. With these results, CEMEX is close to its goal of recovering 2021 margins, set in 2022 in response to unprecedented inflation. Net sales in Mexico increased 14 per cent in the 2Q23 to US$1298m, while operating EBITDA increased nine per cent to US$399m. EBITDA margin declined 1... |
GCC sees net income increase 53% YoY in 2Q2328 July 2023, Published under Cement NewsGCC SAB de CV reported a 13.7 per cent increase in consolidated net sales to US$364.1m in the first quarter of 2023. In Mexico sales advanced 34.4 per cent as a result of a 3.2 and 8.8 per cent increase in cement and concrete volumes, respectively. Cement and concrete prices rose by 11.5 and 14 per cent, respectively. Excluding the appreciation of the local currency, sales were up by 20.2 per cent. In the USA, sales were up 6.6 per cent, partly due to a 3.6 per cent pick-up in concrete... |
CEMEX celebrates 25 years of Patrimonio Hoy20 July 2023, Published under Cement NewsPatrimonio Hoy, the flagship of CEMEX ’s social impact strategy, celebrated 25 years of transforming people's lives on 19 July, 2023. Launched in Mexico in 1998, the programme aims to provide access to “dignified, resilient housing” by offering expert building advice, access to micro financing, and building materials. By the end of 2022, the Patrimonio Hoy programme had benefitted 650,000 families, representing over 3m people. According to the company, it was “born from a deep understan... |
CEMEX's conservation programmes gain WHC certification11 July 2023, Published under Cement NewsCEMEX programmes across ten locations worldwide have earned the Wildlife Habitat Council’s (WHC) Conservation Certification. The recognitions were unveiled during the WHC Conservation Conference in Baltimore, Maryland. Each year, the WHC Awards recognise programmes and projects demonstrating excellence in corporate conservation. Special recognition was given to CEMEX’s El Carmen Nature Reserve, which received the WHC’s Desert Project of the Year award for its work to protect and restore... |
CEMEX hits Vertua milestone in Colombia07 July 2023, Published under Cement NewsCEMEX has reached a sales milestone for its Vertua net zero CO₂ concrete in Colombia, surpassing 100,000m 3 of the product, enough to fill 40 Olympic-sized swimming pools. According to CEMEX, this achievement showcases progress towards the company's ambitious goal for its Vertua lower-carbon cement and concrete products to reach more than half of all cement and concrete sales by 2025. Vertua lower-carbon and net zero concrete are part of a range of materials with measurable sustainabl... |
CEMEX's Regenera expands Mexican operations03 July 2023, Published under Cement NewsCEMEX ’s circular waste management business, Regenera, is expanding its operations in Mexico with the opening of a new facility in partnership with leading waste collection company PASA. The partnership between Regenera and PASA will support the Mexican city of Puebla’s efforts to become a zero-waste city. Puebla’s solid municipal waste will be sorted at the new joint facility. After separating out all recyclable waste, the remaining waste will substitute fossil fuels at CEMEX’s nearby... |
CEMEX collaborates on university project in Mexico06 June 2023, Published under Cement NewsCEMEX is collaborating with Tecnológico de Monterrey, one of Latin America’s most prestigious private universities, on distritotec, a 15-year project that seeks to evolve the university’s campus into a more innovative, sustainable and inclusive space. CEMEX has already been involved in several phases of this Mexico-based project, which began in 2014, including providing lower-carbon building materials from its Vertua range of sustainable products and specialty mixes of architectural concre... |
CEMEX acquires mortar plant in Spain24 May 2023, Published under Cement NewsCEMEX has acquired a mortar plant near Madrid, Spain, as part of its ongoing strategy to increase EBITDA through bolt-on acquisitions. The new plant is equipped with the latest technology to enable the production of traditional and specialty mortars with enhanced sustainability attributes. CEMEX’s nearby Castillejo cement plant will supply lower-carbon Vertua cement for mortar production. The mortar plant is located only 35km from Madrid, contributing to reducing overall Scope 3 emis... |
Buzzi Unicem posts 1Q23 consolidated net sales of EUR955.9m15 May 2023, Published under Cement NewsConsolidated net sales for Buzzi Unicem in the 1Q23 reached EUR955.9m, a rise of 19.5 per cent compared to EUR8000.1m the 1Q22. However, Buzzi Unicem reported to a decline in sales volumes for the group in the first three months of 2023, both for cement (-8.8 per cent) and ready-mix concrete (-12.2 per cent). The strengthening of cement prices offset lower volumes in sales. Cement sales totalled 5,803,000t in the 1Q23 compared to 6,363,000t in the 1Q22. Ready-mix sales totalled 2,364,... |