Cement News tagged under: Mexico
CEMEX sets "most ambitious" decarbonisation goals in the industry17 November 2022, Published under Cement NewsCEMEX has a “promising medium term outlook”, according to Fernando A González, chief executive officer. Speaking at the company’s 2022 CEMEX Day on 16 November, Mr González said the markets in which the company operates are seeing strong demographics and urbanisation trends, along with “pressing needs for more resilient and sustainable infrastructure, buildings and homes”. With 10Mta of cement capacity additions in the pipeline, 4.4Mta of which is being rolled out in 2022-23 in Mexico, ... |
CEMEX validates its new 2030 decarbonisation goals11 November 2022, Published under Cement NewsCEMEX has validated its 2030 decarbonisation goals through the Science Based Targets initiative (SBTi) for alignment under their new 1.5ºC scenario, the most ambitious pathway defined for the industry. The company now has 2030 scope 1 goals of 47 per cent less of CO 2 per tonne of cementitious material than its 1990 baseline and 35 per cent less of carbon content in concrete. For scope 2 goals, by 2030 Cemex is targeting 65 per cent in clean electricity consumption . Th... |
Buzzi Unicem records net sales of EUR3bn in 9M2209 November 2022, Published under Cement NewsBuzzi Unicem reported consolidated net sales in the 9M22 of EUR3004m, up 18.2 per cent compared to EUR2542m in 9M21. Cement and clinker sales of the group, in the first nine months of 2022, reached 21.9Mt, down 6.2 per cent compared to the previous year. Ready-mix concrete sales closed with a more moderate slowdown at 8.8Mm 3 , a fall of 2.8 per cent. Foreign exchange rate variances positively contributed for EUR160.9 m. Net debt improved from EUR16.8m at the end of 2021 to a positive pos... |
CEMEX's net sales grow 13% in 3Q2231 October 2022, Published under Cement NewsCEMEX announced continued solid top line growth in the 3Q22. Net sales grew by 13 per cent to US$3,956m while net income of reached US$494m. Pricing was the main driver with cement, ready-mix and aggregates, increasing by double digits. “Our pricing achievements this year have allowed us to more than offset inflationary costs in dollar terms, but stubbornly high inflation and supply chain headwinds have delayed our ability to regain margins. We are fully committed to margin recovery an... |
GCC posts 18% hike in 3Q net profit26 October 2022, Published under Cement NewsGCC reported an 11.8 per cent YoY increase in sales to US$352.8m in the July-September 2022 period from US$315.4m in the year-ago period. EBITDA in the 3Q22 advanced by 6.6 per cent YoY to US$117.4m. Meanwhile, the consolidated net profit of GCC increased by 18.4 per cent YoY to US$69.5m in the 3Q22 when compared with US$58.7m in the 3Q21. “Once again we achieved an extraordinary performance. The results of the third quarter reflect that GCC continues to successfully mitigate the impacts o... |
CEMEX affiliate signs Mexican recycling agreement06 October 2022, Published under Cement NewsThrough its affiliate Pro Ambiente, CEMEX will work with Tetra Pak and the government of the Mexican city of Querétaro to recycle over 1.5m beverage cartons per month. Pro Ambiente, through its Broquers Ambiental facility, processes nearly all the municipal waste generated in Querétaro, recycling approximately 4500tpm of solid residue. The waste is used as a climate-friendly fuel to power CEMEX's operations in Mexico. Thanks to this process, CO 2 emissions into the atmosphere are reduc... |
Cemex to develop lightweight concrete for windfarm platforms30 September 2022, Published under Cement NewsCEMEX has announced that it is part of a consortium that has received a grant from the European Commission to build a full-scale prototype of a floating offshore windmill with a concrete foundation. The company will design and produce a high-performance and lightweight concrete for an optimised low-carbon foundation structure for offshore windfarms. CEMEX has agreed to provide its expertise in concrete technology, chemical admixtures and special aggregates to design a specialty mix that... |
CEMEX reaffirms commitment to UN SDGs21 September 2022, Published under Cement NewsCEMEX has announced that it is reaffirming its commitment to the United Nation’s Sustainable Development Goals (SDGs), particularly those focused on climate action; sustainable cities and communities; responsible consumption and production; and industry, innovation and infrastructure. CEMEX CEO, Fernando A González, participated in a CEO roundtable hosted by UN Secretary-General António Guterres at the UN’s New York City headquarters on 19 September 2022. The roundtable included 11 CEOs... |
Cruz Azul will see power supply restored05 September 2022, Published under Cement NewsCruz Azul and Mexico’s Federal Electricity Commission have reached an agreement and the state power supplier must reconnect power to the cement plant in Tula, Hidalgo state, by 12.45h on Wednesday, 7 September, according to Federco Sarabia Pozo, president of Cruz Azul. The plant’s power supply was suspended 20 days ago as the cement companies had more than MXN300m in economic losses. Before the interruption to its power supply the plant worked at a 30 per cent capacity utilisation rate, re... |
Latin America places decarbonisation centre stage09 August 2022, Published under Cement NewsFICEM Congress, “Green Cement & Concrete 2050”, took place in Mexico City on 23-26 May 2022, and brought together 200 industry and government representatives from Latin America and the Caribbean to discuss the technical, regulatory and financial aspects of decarbonising the regional cement sector. Maria José García, executive director of FICEM and Jaime Hill, president of Mexican cement association CANACEM, open the exhibition at the Green Cement & Concrete 2050 event in Mexico Ci... |