Cement News tagged under: Mexico

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GCC reports 146% surge in 1Q net income

26 April 2023, Published under Cement News

GCC SAB de CV posted its first-quarter 2023 consolidated sales, which saw a 17.9 per cent YoY increase to US$243.9m. EBITDA in the 1Q23 advanced 15.5 per cent YoY to US$63m. The EBITDA margin of 25.8 per cent, slightly lower than the 26.4 per cent posted in the 1Q22. Net income saw a 146.4 per cent improvement YoY to US$32.4m in the 1Q23, up from US$13.1m in the 1Q22. Enrique Escalante, GCC's CEO, said: "GCC delivered solid results for the first quarter despite significant weather disrup...

Cemex considers exiting Phillipines

03 April 2023, Published under Cement News

Cemex is considering exiting the Philippines as part of its ongoing strategy to focus on markets with higher growth and lower risk. Cemex currently owns 89.86 per cent of Cemex Holdings Philippines (CHP) through Cemex Asian South East Corp (CASEC) and runs two plants, located in Antipolo and Cebu , with a total production capacity of 5.7Mta. According to Bilyonaryo, CHP has struggled to pay the US$280m loan it borrowed to finance the expansion of its Antipolo works in 2017, with the ...

Canacem-Mexico-FICEM 2030 roadmap launched

03 April 2023, Published under Cement News

At FICEM Hoja de Ruta 2023, the Canacem-Mexico-FICEM 2030 roadmap “Towards a Low Carbon Economy” was launched by Mexico's national cement chamber, CANACEM, in collaboration with FICEM. The roadmap outlines Mexico's cement industry commitments to climate change mitigation and is aligned with the UN's 2030 Agenda to maintain global warming below 2˚C compared to pre-industrial levels. Six Mexican cement producers ( Cementos y Concretos Moctezuma , Cementos Fortaleza , Cemex , Cemen...

Cemex releases "Shaping the Future Together" report

29 March 2023, Published under Cement News

Cemex has released its 2022 Integrated Report, detailing the company's operational, climate action and other achievements throughout the year. The report, titled "Shaping the Future Together", provides an in-depth analysis of Cemex's strategic vision, corporate governance, value creation, and operational performance. Among the company's ‘Future in Action’ achievements were a record nine per cent reduction in specific carbon emissions over the last two years, reaching a 30 per cent cumul...

CEMEX recovers Playa del Carmen operations

22 March 2023, Published under Cement News

CEMEX has been granted permission under warrant to recover its operations at Playa del Carmen, Quintana Roo, Mexico.  CEMEX has an existing contractual relationship with Calica, a Mexican subsidiary of Vulcan Materials, for the use of a marine terminal located in Playa del Carmen. This private agreement between both companies began more than 20 years ago, and since then, Cemex has continuously used the terminal to transport cement products. Since late 2022, CEMEX has had difficulties...

Lindner’s shredding technology at work in Mexico

17 March 2023, Published under Cement News

Regenera, a CEMEX subsidiary, has committed itself to collecting and recovering waste and has established more than 10 waste collection centres throughout Mexico. However, the focus is not only on collecting but also on expertly recovering waste. While some types of waste can be successfully recycled, non-recyclables are used to produce high-quality refuse-derived fuel (RDF). At its flagship plant, the Monterrey waste recovery facility, Regenera relies on the experience of recycling pionee...

CEMEX releases a new logo

16 March 2023, Published under Cement News

Cemex has unveiled an updated brand in line with its ongoing evolution to help the world reach the next frontier of sustainable living, by becoming a more agile, innovative and approachable company. Cemex’s logo, changing for the first time in over 30 years, presents a fresher, closer, and more dynamic visual identity while maintaining key elements of the company’s legacy and storied 117-year trajectory. It reflects several transformative changes that the company has undergone in recent y...

Holcim extends sales channels in Mexico

13 March 2023, Published under Cement News

Holcim has acquired INDAR, a leading hardware wholesaler in Mexico with 2022 net sales of US$71m. With this acquisition, Holcim adds more than 10,600 additional hardware products to its range of solutions across its Disensa retail network. INDAR supplies hardware of over 80 leading brands, from roofing needs to tools and adhesives all the way to electrical and plumbing supplies. The acquisition includes INDAR’s nine distribution centres around the country, as well as its fulfilment centre ...

CEMEX España enters CCU agreement with ETFuels

27 February 2023, Published under Cement News

CEMEX España has signed an agreement with the green fuel producer ETFuels to transform CO 2 from the CEMEX cement plant in Alicante , Spain, into green fuels. Under the agreement, ETFuels will combine up to 450,000tpa of captured CO 2 with green hydrogen to produce more sustainable fuels in the form of green methanol (e-methanol).  “Our goal of reaching zero net CO 2 emissions is achievable, and will be driven by collaboration and innovation,” said Fernando González-Olivieri, CEO, ...

Corporacion Moctezuma 2022 net profit slips 3%

27 February 2023, Published under Cement News

Corporación Moctezuma posted a 14.5 per cent YoY growth in revenues to MXN4368.7m (US$237.3m) in the fourth quarter of 2022. The company reported EBITDA of MXN1677.8m in the 4Q22, representing a YoY increase of 17.5 per cent from MXN1427.6m. Net profit in the 4Q22 advanced 11.3 per cent YoY to MCN1099.1m from MXN987.1m in the equivalent period of the previous year. The volatility of the Mexican peso-US dollar exchange rate impacted the results with the peso appreciating against the doll...