Cement News tagged under: Mexico

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Cemex would have investment grade until 2020

19 September 2018, Published under Cement News

The strategy to reduce the leverage level would allow Cemex to recover its investment grade in the first part of 2020, according to Citibanamex projections. "We expect the company to end 2018 and 2019 with a net debt/EBITDA ratio of 3.8 and 3.1 times, respectively. For the first half of 2020 the indicator would reach 3.0 times, excluding the sale of assets,” explains an analysis of the financial institution. However, the sale of assets would accelerate the process to obtain the investme...

Mexican cement prices forecast to rise in 2018

04 September 2018, Published under Cement News

Cement prices in Mexico are expected to continue their rise this year. Cemex increased its cement price at the start and in the middle of the year by Cemex, "We have announced two price increases so far this year. The increase executed in cement was four per cent in the first six months of the year, compared to the same period of the previous year. In line with what we mentioned at the beginning of the year, we have adjusted our pricing policy to compensate for the impact of inflation," acco...

Holcim Mexico to raise prices of bagged cement

31 August 2018, Published under Cement News

Holcim Mexico has announced that the prices of its bagged cement products will increase by seven per cent from 1 September. The hike has been attributed to the high volatility in the exchange rate as well as rising costs, with energy prices rising up to 22.9 per cent. The company has reportedly implemented mitigation measures, such as increasing process efficiencies, to reduce the impact of the effects on production and distribution expenses.

Elementia to invest US$30m in Yucatán grinding unit

15 August 2018, Published under Cement News

Mexican cement producer Elementia will invest US$30m in a 0.25Mta grinding unit in Yucatán, reports CE Noticias Financiers. The project is in line with Fortaleza’s commercial strategy and part of the company’s previously-announced profitable growth strategy focussed on the countries where it currently operates – Mexico, USA and Costa Rica, according to a company statement. The new cement plant is scheduled to start operations at the end of 1H19, according to the company.

GCC 1H18 sales rise by 11.4%

25 July 2018, Published under Cement News

Grupo Cementos de Chihuahua (GCC) reports that its 1H18 sales increased 11.4 per cent to US398.8m, generating US$115m in EBITDA, up 22 per cent YoY. However, the company's net result slipped, registering a minor loss of US$0.6m. In the 2Q18, sales advanced 6.9 per cent to US$232.3m when compared with the 2Q17. EBITDA rose 8.7 per cent in the 2Q18 to US$69.4m. The company also reported a net loss for the 2Q18 of US$11.9m. During the 1H18 GCC completed the acquisition of the 0.315Mt capa...

Cementos Fortaleza to burn El Huixmí tyres

16 July 2018, Published under Cement News

Cementos Fortaleza will play a key part in disposing of 867t of tyres that were stockpiled in the El Huixmí sanitary landfill in Pachuca de Soto, Mexico. Municipal president, Yolanda Tellería Beltrán, said the removal of the tyres from the landfill site had started in January and had now been completed. "The cement company has all the equipment and technology to protect against contaminants, and it does not cost the city council because it is the company that transfers all the material fr...

GCC acquires Trident Cement, sells OK and AR ready-mix operations

15 June 2018, Published under Cement News

Meixcan cement producer Grupo Cementos de Chihuahua (GCC) received regulatory approval for the purchase of the 0.315Mta Trident cement plant in Three Forks, Montana, USA, from CRH, as well as the sale of its ready-mix concrete operations and transportation assets in Oklahoma and Arkansas. Following the transaction GCC owns eight cement plants in the US and Mexico, with a total production capacity of 5.4Mta. In addition, the company expects to commission the expansion of its cement plant in...

Cemex raises cement price 5% in Mexico

12 June 2018, Published under Cement News

Cemex has increased the price of cement in Mexico by five per cent last week, making it the second price rise by the company this year. The increase applies to national sales of bagged cement. The increase applies from 4 June and the company has said the price is part of its programme to supply “value over volume” and to set “realistic cement prices. In January the company carried out a 10-12 per cent increase in prices for both bagged and bulk cement as well as raising prices for read...

Cemex launches online store

08 June 2018, Published under Cement News

Cemex has launched the Construrama online store for construction materials to enable fast and simple order placement, according to a press release. “Cemex’s launch of the Construrama Online Store builds on our efforts to transform the construction industry into a more efficient model: Our clients will now enjoy easy access to a wider catalog of products and be able to select, purchase and follow up on their online order, generating significant savings in productivity for our Construrama ne...

Loesche to supply Cruz Azul plants with coal and petcoke VRMs

18 May 2018, Published under Cement News

Loesche has now sold two coal/petcoke grinding mills to Cooperativa La Cruz Azul SCL for its production facilities in Hidalgo, 80km north of Mexico City, and the Lagunas plant in Oaxaca in the south of the country. In each of these cases, the Cruz Azul group is establishing a new production line. At the 2.8Mta Hidalgo plant, the new line and all existing kiln lines are to be supplied withground petcoke from the new Loesche mill. In addition to the vertical roller mill with a capacity o...