Timothy Kuebler becomes country manager of Giant
Timothy Kuebler has joined Elementia as the country manager of Giant, reporting to the cement division. Mr Kuebler has more than 30 years of experience in the cement industry. H...
Elementia
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Elementia restructures debt with new seven-year loan
Elementia, SAB de CV has announced that it obtained a loan from Citi Banamex for MXN925m (US$49.6m) over a seven-year term, with payments beginning in the first half of 2020, gi...
Elementia sees 39% rise in 3Q EBITDA
Mexico-based Elementia reported EBITDA of MXN1.296bn (US$67.9m) in 3Q17, an increase of 38.9 per cent YoY. The company attributes the rise in earnings to higher sales and prices...
Fitch affirms Elementia's IDR, Outlook Stable
Fitch Ratings has affirmed Mexico-based Elementia, Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BB+', as well as its long-term national scale rating at...
Elementia invests US$250m in Mexican cement plant
Elementia anounced it will invest US$250m in the expansion of its Tula cement plant in Hidalgo, Mexico.
Mexico: Elementia 4Q16 and 12M16 results
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 ...
USA: Elementia acquires 55% stake in Giant Cement
Elementia, SAB de CV has announced that its Board of Directors has given its final approval for the completion of the acquisition of a 55 per cent stake and full control of Gian...
Portland Valderrivas board approves Giant 55% sale to Elementia
The board of Spain’s Cementos Portland Valderrivas has formally approved the sale of a 55 per cent stake in its US unit Giant Cement Holding to Mexico’s Elementia, owned by Carl...
USA: Elementia intends to buy 55% of Giant Cement
Elementia of Mexico, 49 per cent owned by billionaire Carlos Slim,
Mexico: Elementia considers price rise to help fund investment plan
Elementia is considering a potential rise in its cement price following the depreciation of the Mexican peso against the US dollar, according to the El Financiero newspaper.