Cement News tagged under: Mexico

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LafargeHolcim launches Disensa in Mexico

27 April 2017, Published under Cement News

LafargeHolcim has launched its franchise brand Disensa in Mexico. With the opening of retail stores for construction materials, the company expects to consolidate its presence in the self-construction segment. The cement producer plans to open 200 stores in 2017 and run a total 600 outlets by 2020. LafargeHolcim’s Regional Director of North America, Pascal Casanova,  explained in a statement that "Disensa relies on the economic conditions offered by Mexico and bets on the national mar...

Elementia invests US$250m in Mexican cement plant

24 April 2017, Published under Cement News

Elementia anounced it will invest US$250m in the expansion of its Tula cement plant in Hidalgo, Mexico. The project will see capacity at the works rise to 1.5Mta. The contract for the design, equipment supply, construction, installation and commissioning of the 3000tpd clinker plant was awarded to Fives FCB via its subsidiary Trituradora. The expansion is expected to be completed in mid-2017.

Mauricio Doehner new president of Mexico’s cement association

06 April 2017, Published under Cement News

Mauricio Doehner has been appointed as new president of Mexico’s cement association, Cámara Nacional del Cemento (Canacem). He replaces Billy Álvarez of Cruz Azul. The appointment is for one year with the option to re-elect him for a second period. The new president will focus on positioning cement more as an infrastructure option, promoting the use of alternative fuels, transportation efficiency and reducing environmental impact, the agency said. Mr Doehner is Executive Vice President...

Sika opens new cement plant in Coatzacoalcos

31 March 2017, Published under Cement News

Sika announced the opening of a new mortar cement factory in Coatzacoalcos, Veracruz, Mexico. The new plant will also start production of concrete additives previously owned by the company in Villahermosa, Tabasco, according to a company statement. "The new production site in Coatzacoalcos will strengthen our position in one of Mexico's four major business centres,” said José Luis Vázquez, Sika's regional manager for Latin America, in a statement. "From here, we can provide construction p...

Cemex will not supply border wall

20 March 2017, Published under Cement News

Mexico-based Cemex says it will not participate in construction of President Donald Trump's border wall. The company has been viewed as a potential beneficiary of President Trump’s plans, but Cemex has come under intense pressure at home to boycott the multi-billion-dollar project. According to the US General Services Administration's Federal Business Opportunities website, Cemex has not registered as a potential government contractor for the border barrier. Last week, company spokesma...

Cemex retains 9.5% of GCC

16 March 2017, Published under Cement News

Cemex SAB de CV said that some of its underwriters did not exercise their over-allotment option to acquire shares in Mexico’s Grupo Cementos de Chihuahua SAB de CV. As a result, Cemex retains a direct stake of 9.47 per cent in GCC. Originally, Cemex aimed at offloading 23 per cent of GCC but only managed to sell a stake of 15.6 per cent, equivalent to 51.75m shares at MXN95 (US$4.83)/share. This shareholding also included a green shoe option and Mexico’s market leader was expected to ...

Cemex will ‘gladly’ supply materials for Trump border wall

02 March 2017, Published under Cement News

Cemex board Chairman, Rogelio Zambrano, has stated that Cemex would be happy to give estimates for the supply of cement to companies building the US-Mexico border wall, Reuters reports. Last Friday the US government said that it would release a request on or around 6 March, inviting companies to submit designs for the new wall. "If one of our clients asks us for a quote for materials, we have the responsibility to do it," a Cemex spokesman said but added that no such request had yet be...

Mexico: Elementia 4Q16 and 12M16 results

23 February 2017, Published under Cement News

Elementia announced its financial and operating results for the 4Q16 and 12-month period ended 31 December 2016 with net sales increasing by 36 per cent in 4Q16 and 12 per cent in 12M16, reaching US$5.45bn and US$19.09bn, respectively. Company EBITDA rose 48 per cent in 4Q16 and by 20 per cent in 12M16, reaching US$986m and US$3.59bn, respectively. During the 4Q16, the Mexico cement division increased EBITDA by 29 per cent. To date investments in the expansion of the cement division’s...

The world in 2016 and outlook for 2017

10 February 2017, Published under Cement News

This year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por...

Cemex sells concrete pipe business

01 February 2017, Published under Cement News

Cemex has completed the sale of its reinforced concrete pipe business to Quikcrete Holdings. The transaction was carried out for around US$500m, including a potential additional US$40m depending on future results. Cemex will use the funds to reduce its debts as well as for general corporate purposes.