Cement News tagged under: forecast

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Elementia: Fortaleza brand to register 20% growth in 2014-15

24 September 2014, Published under Cement News

Despite a slow market, Mexico’s Cementos Fortaleza expects to close 2014 and 2015 with growth. Antonio Taracena, director general at Elementia, owner of the Fortaleza brand, attributes the growth due to the new brand. Although sales are forecast to rise by barely one per cent in Mexico this year, Elementia – owned by Carlos Slim and Antonio del Valle – expects to show 20 per cent growth by end-2014, and predicts the same level for 2015. "We will grow another 20 per cent, as in this ye...

Cement in 2013 and beyond

03 March 2013, Published under Cement News

With signs of a recovery in some cement markets, can the industry be at least cautiously optimistic about the way ahead in 2013 and beyond? Paul Roger of Exane BNP Paribas offers his forecast. As we enter the sixth year of the global financial crisis hopes are rising that the worst is behind us and that the cement industry could be on the turn. As we discuss in this article, Exane BNP Paribas is optimistic about demand in emerging markets and thinks price-cost dynamics in several cou...

Cemex to return to profitability in 2013?

21 November 2012, Published under Cement News

Mexican cement producer Cemex is seen on track to return to profitability as soon as 2013, according to analysts quoted by Reuters. The company recently refinanced US$6.7bn in debt, negotiating much-need room to push back looming payments for up to four years. Measures included a commitment to pay down US$1bn in March of next year, revised financial covenants and a debt swap, all of which have put relations with investors on a more comfortable footing.  In addition, Cemex floated its C...