Cemex announces release of secured notes under the Facilities Agreement
Cemex has announced that the collateral that guarantees Cemex's debt under its main bank agreement and its senior secured notes have been released. Under Cemex's Facilities ...
Mexico
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Cemex seeks to offset inflationary pressures with price hikes
Fernando A Gonzalez, CEO, opened yesterday's Cemex Day - Part II event with a look at some of the surprises of the last year. Not only has Cemex seen a 'V-shaped' recovery sinc...
SBTi validates Cemex's 2030 global emission targets
The Science Based Targets Initiative (SBTi) has validated Cemex’s 2030 global emissions targets. Cemex’s targets are in accordance with the Paris Agreement, citing global war...
Cemex to collaborate with Volvo on electromobility solutions
Cemex will work with Volvo Construction Equipment and Volvo Trucks to develop a zero-emissions fleet with electromobility solutions that aligns with Cemex Future in Action pro...
Cemex launches its Sustainability-Linked Financing Framework
Cemex has launched its most comprehensive 'Sustainability-Linked Financing Framework' to date. The framework further aligns Cemex's sustainability commitments to its financing ...
Cemex Ventures helps Carbon Clean raise US$8m for carbon capture projects
Carbon Clean has raised US$8m from new investor Cemex Ventures and existing investors Equinor Ventures, ICOS Capital and WAVE Equity Partners. The capital raise extends Carb...
GCC reports 44% increase in 2Q net income
GCC saw its consolidated net sales increased 18.1 per cent YoY to US$286.7m in the 2Q21 from US$242.8m in the 2Q20. EBITDA advanced 18.6 per cent YoY to US$97m in the 2Q21 from...
GCC reports strong 2Q21 results and prepares for expansion
GCC reported a net sales increase of 18 per cent in the 2Q21 and a rise in EBITDA of 19 per cent. The company’s net financial expenses totalled US$10m during this accounting pe...
Modern milling in Mexico
Encouraged by healthy construction demand and promising growth potential, two regional cement manufacturers have decided to invest in cement grinding facilities in Yucatán, Mex...
Can Mexico’s fiesta continue?
Despite initial concerns that Mexican cement demand would see a sharp contraction in 2020 due to the COVID-19 pandemic, domestic consumption held up better than expected throug...