Cement News tagged under: Mexico
Corporacion Moctezuma 2022 net profit slips 3%27 February 2023, Published under Cement NewsCorporación 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... |
Buzzi Unicem posts 16% rise in consolidated net sales in FY2210 February 2023, Published under Cement NewsBuzzi Unicem reports consolidated net sales at EUR3996m in FY22, up 16 per cent from EUR3446m in FY2021, also on LfL basis a rise of 9.6 per cent. Cement sales in Brazil and Russia helped the multinationals improved performance. Cement sales of the group amounted to 28.3Mt, decreasing by 9.2 per cent compared to 31.2Mt in 2021. Ready-mix concrete output, equal to 11.5Mm 3 , was also down compared to the 12.1Mm3 volumes of last year (-5.2 per cent). The positive price effect more than o... |
CEMEX links ARS programmes to sustainability goals09 February 2023, Published under Cement NewsCEMEX has announced that all its accounts receivable securitisation (ARS) programmes are now linked to CEMEX’s sustainability-linked financing framework, which is aligned to the company’s ambitious sustainability goals within its Future in Action programme. The framework references three climate action KPIs: net CO 2 emissions per ton of cementitious material; power consumption from clean energy sources in cement; and alternative fuels rate. The annual performance in these metrics... |
US production and consumption increased in 202208 February 2023, Published under Cement NewsThe US produced an estimated 95Mt of Portland and masonry cement in 2022, according to the US Geological Survey (USGS), up from 93Mt in the previous year. Cement was produced at 96 plants in 34 states, along with two plants in Puerto Rico. Texas, Missouri, California and Florida were, in descending order, the four leading cement-producing states, accounting for approximately 43 per cent of US production. The US cement industry’s growth continues to be constrained by closed or idle p... |
GCC reports 7% EBITDA increase in 202201 February 2023, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) reported net sales of US$289.7m in the October-December 2022 period, representing an increase of 12.3 per cent when compared with the 4Q21, according to the company’s filing to the Mexican stock exchange, BMV. It also posted EBITDA of US$91.3m in 4Q22, up 12.7 per cent YoY. Net profit increased by 70.4 per cent to US$51.3m in the 4Q22 when compared with the 4Q21. The cement producer attributed the increase to a rise in cement and concrete prices of 16.2... |
Nearshoring is leading to Mexican demand growth05 January 2023, Published under Cement NewsThe growing development of industrial properties due to nearshoring is leading to a rise in Mexico’s cement demand of approximately 10 per cent, particularly in the north of the country. The focus of demand is reported to centre on the Ciudad Juárez, Chihuahua. "In segments such as the construction of warehouses, industrial and commercial parks, in Mexico due to all the nearshoring activity we are seeing an increase in this segment of around 10 per cent this year," according to GCC’s gene... |
Synhelion receives new funding for solar fuel technology16 December 2022, Published under Cement NewsSolar fuel specialist Synhelion has raised CHF22m (US$23.7m) in another successful financing round. The funds were primarily provided by existing investors, including CEMEX and CEMEX Ventures, CEMEX’s corporate venture capital and open innovation unit, as well as selected new strategic investors. The proceeds of the investment round will accelerate Synhelion’s growth and support the scaling and commercialisation of its unique technology. Synhelion’s existing and new investors are worl... |
CEMEX validates 2050 net-zero CO2 target with SBTi09 December 2022, Published under Cement NewsCEMEX has validated its 2050 net-zero CO 2 target through the Science Based Targets initiative (SBTi), becoming one of the first companies in the industry to do so. The validation accounts for CEMEX’s short-term 2030 targets, previously validated by the SBTi for alignment with their 1.5ºC scenario, and long-term targets along its entire value chain. CEMEX’s alignment of its roadmap to SBTi’s Net-Zero Standard reflects its confidence that it is on the right path to net-zero and to co... |
Cemex delivers 1Mm3 of Vertua concrete since 202025 November 2022, Published under Cement NewsCemex has delivered 1Mm 3 of Vertua ready-mixed concrete in Colombia since the product was launched in 2020, avoiding emissions of around 178,000t of CO 2 . According to Cemex, Vertua has become one of the most accepted lower carbon products in the industry and the company expects it to account for the majority of its cement and concrete sales by 2025. “In 2020, we launched Vertua concrete in the Colombian market with the expectation of having a positive response from the construction... |
Cemex announces new CCUS projects22 November 2022, Published under Cement NewsCEMEX has announced that it is implementing several new carbon capture, utilisation, and storage (CCUS) projects throughout its global cement operations as it seeks to accelerate its implementation of the game-changing technology as part of its decarbonisation roadmap. CCUS can be the final step to reaching net-zero CO2 after current levers, relying on existing and proven strategies, are maximised to their fullest potential. CEMEX is currently running several CCUS innovation projects th... |