Cement News tagged under: Mexico

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Cemex records 1Q21 net sales of US$3.4bn

30 April 2021, Published under Cement News

Cemex has announced its 1Q21 results with EBITDA growing on a YoY basis in all regions. Consolidated net sales increased nine per cent to US$3.4bn. Operating EBITDA improved 28 per cent   to US$684m, while the EBITDA margin increased to 20.1 per cent, 2.8 percentage points higher year over year.   Net debt and leverage were reduced materially during the first quarter. Net debt plus perpetuals fell by US$547m, while leverage ratio was reduced to 3.61 times, almost half-a-turn reduction...

GCC reports 9% increase in EBITDA

28 April 2021, Published under Cement News

Mexico’s GCC has seen its consolidated net sales for the first quarter of 2021 decrease by 1.5 per cent to US$178.8m from US$181.4m in the 1Q20. This was primarily due to lower cement and concrete volumes in the US and the depreciation of the Mexican peso. However, this was partially offset by increased cement and concrete volumes in Mexico and a favourable price environment in both markets. The company’s EBITDA advanced 9.2 per cent YoY to US$49.5m from US$45.3m in the 1Q20, while the EBI...

Holcim Mexico to launch eco-labels

22 April 2021, Published under Cement News

Holcim México has launched new eco-labels, EcoEtiquetas, to improve customer communication and make the environmental benefits of its products and construction solutions more transparent. The labels will be used for all products that meet sustainability criteria, including smaller CO2 footprints and the use of recycled materials. In Mexico this includes cements branded as Apasco, Maestro and Supra Cemento as well as Supra Mortero mortar. “This is one more step on our way to become a Net ...

Cemex recognises Construrama Women

30 March 2021, Published under Cement News

Cemex has recognised female leadership in Mujer Construrama (Construrama Women), an event organised by Cemex Mexico. Construrama is the largest retail building materials distribution network on Mexico with 2100 stores and these stores are 30 per cent lead by women. This year, 320 women who are part of the network participated virtually in conferences and workshops by several business experts, female business owners, company executives, among other speakers. Cemex is a signatory of t...

Cemex releases its Integrated Report 2020

26 March 2021, Published under Cement News

Cemex, SAB de CV presented its Integrated Report 2020: 'Safe, Essential, Resilient' on 25 March, which includes a comprehensive analysis of Cemex’s strategic vision, operational performance, corporate governance, and value creation at a global level.     Fernando A Gonzalez, CEO of Cemex said, "Sustainability remains to be one of our top priorities, and our Climate Action strategy makes us confident in our ability to achieve our targets and aspirations."   Among the main accomplishmen...

Grupo Cementos de Chihuahua becomes GCC

25 March 2021, Published under Cement News

Mexico-based cement producer Grupo Cementos de Chihuahua has formally approved its name change to GCC at an Extraordinary General Meeting on 23 March 2021. Luis Carlos Arias, GCC’s CFO, said: “We changed the name to GCC to better reflect our 2025 vision: to be the best cement company in North America with the proper balance of people, profit and the planet. It unifies our brand in multiple countries, mirrors the stock ticker and reflects how the market best knows us.” Luis Carlos added, “I ...

Cement imports into Mexico from Turkey and China surge in 11M20

26 February 2021, Published under Cement News

Imports of cement into Mexico from Turkey and China increased by 88 and 150 per cent, respectively, in the January-November 2020 period, reports Market Data México. Turkey imported cement to the value of US$2m while China’s imports reached US$1m, the same value as Croatia and The Netherlands. However, the USA remains the largest cement importer with US$12m in the 11M20 although its imports into Mexico were down by 29 per cent YoY. Croatian cement imports into Mexico saw a drop of 35 per ...

Mexico's cement exports up 11% in 11M20

25 February 2021, Published under Cement News

Mexico's exports of cement advanced 11 per cent YoY in the 11M20, according to Market Data México. Exports rose from US$168m in the 11M19 to US$186m in the 11M20. The main destination for Mexican cement exports was the USA, which reported sales of US$141m, followed by Guatemala, which bought cement to a value of US$10m. Exports to Belize accounted for a further US$8m while Mexican cement producers sold cement to the value of US$5m.  When compared with the equivalent period of the previou...

Cemex makes key EMEAA investments at the start of 2021

23 February 2021, Published under Cement News

Cemex has started 2021 by investing for growth and its climate action strategy in Europe, Middle East and Africa (EMEAA). It has made seven bolt-on investments that are aligned to its key priorities of climate action, sustainable construction and EBITDA growth, representing advances in fossil fuel reduction, lower-CO 2 products, circular economy, recycling and products that demonstrate life cycle CO 2 and energy consumption advantages for buildings. The investments include a new, low...

Buzzi Unicem reports stable 2020 volumes in spite of pandemic

12 February 2021, Published under Cement News

This week, Buzzi Unicem released its FY20 preliminary results. The Italian-based cement producer announced cement volumes of 29.3Mt, a YoY rise of 0.4 per cent despite the difficulties of the COVID-19 pandemic. The COVID-19 pandemic caused an unprecendented recession in the first half of 2020. The extraordinary economic policy packages taken out helped cushion the impact from the contraction of international trade, while the loosening of restrictive measures by the second half helped deli...