Cement News tagged under: Mexico
GCC sees 16% rise in 1Q net sales27 April 2022, Published under Cement NewsGCC reported an 15.7 per cent advance in consolidated net sales to US$206.9m in the first quarter of 2022 when compared with the equivalent period of 2021. Operating income in the 1Q22 was 23.1 per cent higher at US$31.4m when compared with the 1Q21. In the 1Q22 EBITDA increased 10.2 per cent YoY to US$54.5m (1Q21: US$49.5m) with a margin of 26.4 per cent, down from 27.7 per cent in the 1Q21. However, net income dropped 14.3 per cent YoY to US$13.1m from US$15.3m in the 1Q21. As of 31... |
Cemex successfully converts kiln flue gases into nanomaterials26 April 2022, Published under Cement NewsCemex has announced that it has successfully tested a process that converts flue gases emitted by the cement kiln into carbon nanomaterials, thereby transforming ‘bad’ carbon into ‘good’ carbon. Due to their unique mechanical, thermal, electrical and chemical properties, carbon nanomaterials have several potential applications in a wide array of industries, from construction to biomedicine. This technology was born out of Smart Innovation, Cemex’s internal open innovation platform. Ceme... |
Cemex Ventures invests in Carbon Upcycling Technologies22 April 2022, Published under Cement NewsCemex Ventures ( Cemex Group ) is investing in Carbon Upcycling Technologies, a Canadian startup and global leader in developing carbon utilisation and grinding technologies for the cement industry. Carbon Upcycling's proprietary solution infuses carbon into a grinding process for industrial residues, such as slag and fly ashes, to produce a more reactive supplementary cementitious material. These materials can then be used to replace clinker in cement production. The blended cement an... |
Cemex releases its 2021 integrated annual report29 March 2022, Published under Cement NewsCemex has launched its 2021 Integrated Report: 'Building a Better Future,' which includes a comprehensive analysis of the company’s strategic vision, operational performance, corporate governance, and value creation. The report highlights the company’s essential value of its industrial activity, climate action strategy, commitment to innovation in the industry and unlocking new opportunities, as well as its focus on employee safety and wellbeing. "Despite another year full of unique c... |
Azul head office seized amid dispute15 March 2022, Published under Cement NewsThe Board of Directors of La Cruz Azul, headed by José Antonio Marín and Víctor Manuel Velázquez, took over the company’s offices in Colonia del Valle, Mexico City, on 11 March 2022. While the Marín and Velázquez group maintained that the action was carried out on the basis of a court ruling, the dissident cooperative members led by Federico Sarabia and Alberto López denounced that it was an illegal seizure of the facilities, carried out by a "shock group" that threatened the employees wit... |
Cemex to start up CPN Kiln No2 in 3Q2209 March 2022, Published under Cement NewsCemex has announced that following its successful restart of one kiln at its CPN cement plant located in northwest Mexico in 2021, it is now reactivating the second CPN kiln. This investment will leverage Cemex's unparalleled regional trading network to meet growing cement demand throughout the western USA. Once operational, the recommissioned kiln is expected to provide nearly an additional 800,000tpa of cement for customers across Arizona, California and Nevada. Cemex will invest U... |
Cemex Ventures invests in PartRunner04 March 2022, Published under Cement NewsCemex Ventures has announced its investment in PartRunner, an on-demand delivery platform for the construction and industrial sectors. This transaction is part of Cemex´s strategy to invest in innovative construction start-ups to drive the construction industry revolution. This investment addresses a critical industry pain point of a complicated supply chain, particularly for small and medium-sized projects. This investment aims to offer a last-mile, last-minute delivery solution to Ce... |
Cemex joins Corporate Leaders Group Europe01 March 2022, Published under Cement NewsCemex has joined the Corporate Leaders Group Europe, convened by the Cambridge Institute for Sustainability Leadership in support of a climate neutral economy. The company aims to deliver to all customers globally net-zero concrete by 2050 as part of its Future in Action strategy and is the first in the sector to set a target of at least 55 per cent CO 2 reduction by 2030 in its European operations. Sergio Menendez, president for Cemex Europe, Middle East & Africa region said: "W... |
Cemex makes corporate governance changes28 February 2022, Published under Cement NewsContinuing its longstanding commitment to develop its corporate governance towards global best practices, Cemex has announced a series of significant corporate governance changes. Beginning with Cemex’s ordinary general shareholders meeting scheduled to be held on 24 March 2022, each director candidate will stand for election on an individual basis, meaning that voting at the meeting will no longer be on a ‘group slate’ basis. Additionally, as part of the company’s ongoing focus on e... |
Cemex to introduce electric ready-mix trucks16 February 2022, Published under Cement NewsCemex has announced that it is the first building materials company to complete a large-scale, multi-country pilot using fully electric ready-mix concrete trucks. In 2021 Cemex joined the First Movers Coalition (FMC) and committed to accelerate the innovation and development of decarbonisation technologies in heavy-duty on-road trucking services. An initial, successful trial was carried out in Germany, followed by a further trial in France that was also a success. Cemex expects to gr... |