GCC reports favourable performance in 4Q21 and 2021
GCC reported a 10.9 per cent YoY advance in consolidated net sales to US$257.9m in the fourth quarter of 2021. EBITDA remained stable at US$83.1m with an 31.5 per cent EBITDA ma...
Mexico
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Mexico's cement market sees cement prices surge
The price of grey cement in Mexico increased on average 14.5 per cent per 50kg bag and 20 per cent per tonne of bulk cement in January 2022 when compared with December 2021, acc...
CEMEX joins the UN CFO Taskforce to promote sustainability goals
CEMEX SA de CV has joined the United Nations (UN) Global Company CFO Taskforce for the Sustainable Development Goals (SDG) as the company continues to align its financial strate...
Cruz Azul legal dispute risks sustained cement production
Mexico-based cement producer Cruz Azul is currently facing a legal conflict in its plant in Tula, Hidalgo, that threatens to impact cement production. The plant currently employ...
Fire at Cruz Azul’s Tula operations
A fire broke out at Cruz Azul’s facility in Tula de Allende, Mexico, on Sunday morning. The flames were reportedly located at the company’s limestone conveyor belt. The fire was...
How energy reforms could impact Mexico's cement industry
This week, we will be taking a look at the proposed Mexican energy reforms and their potential impact on the cement industry. Mexico's president, Andres Manuel Lopez Obrador (AM...
Buzzi Unicem's 9M21 regional results improve in USA and Eastern Europe
The sales volumes achieved by Buzzi Unicem in the third quarter of the current year showed a positive development in the United States and in Eastern Europe, which more than off...
Cemex closes US$3.5bn credit agreement
Cemex has closed a new US$3.25bn syndicated credit agreement, with it being the first debt issued under its sustainability-linked financing framework. The proceeds have been use...
Holcim and Cemex among founding members of First Movers Coalition
Holcim and Cemex are among the companies that have joined the First Movers Coalition (FMC) as founding members at COP26 to drive green demand and carbon technologies to advance ...
Cemex reports net sales of US$3.8bn in 3Q21
Cemex reports consolidated net sales of US$3.8bn in the 3Q21, a rise of eight per cent versus the 3Q20. EBITDA fell by one per cent to US$740m, due mainly to supply chain disrup...