Cemex announces plans for a US$1bn bond issue
Cemex has announced plans to issue US$1bn in senior notes to raise funds for general operations, including paying off debt, according to Reuters. The bonds will have a coupon of...
Mexico
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Cemex commences 'Operation Resilience'
Cemex has outlined its 'Operation Resilience' programme, its business strategy from 2020-23 on a risk-adjusted basis. The company announced a need to focus on its core US and Eu...
Cemex sales decline by 10% in 2Q20
Cemex reported significant disruption from COVID-19 in 2Q20. Sales declined by 10 per cent YoY and EBITDA fell by six per cent to US$554m. These decreases were attributed to loc...
Cemex launches Vertua® low-carbon concrete
Cemex has launched Vertua® a low-carbon concrete range of products designed to offset residual CO 2 and provide a CarbonNeutral® concrete product. Vertuar achieves a 70 per cent...
Cemex Ventures to recycle plastic to produce concrete and aggregates via Arqlite
Cemex Ventures is investing in US-based Arqlite SPC, a start-up that produces light recycled aggregates from plastic waste. The product benefits from a low CO 2 footprint and a ...
Cemex cancels El Musel project due to COVID-19
Cemex is cancelling its terminal project that would see the company import 150,000tpa of cement via the Ingeniero Olano dock in El Musel, Gijón, Spain. In February 2019 Cemex ap...
Cemex's climate strategy still on track
Cemex has announced that it will be continuing to move ahead with its climate action strategy, as part of its response to the COVID-19 pandemic. In February the company announce...
Elementia appoints new CEO
Mexico’s Elementia has appointed Jaime Rocha Font as its new CEO, with effect from 2 September 2020. Mr Rocha Font will take over the position from Fernando Ruiz Jacques, who ha...
Cemex announces plans for US$1bn bond issue
Cemex has announced plans to issue US$1bn worth of bonds, with a 7.375 per cent coupon and a maturity date of June 2027. The issue is expected to be used to support ongoing busi...
Cemex amends consolidated financial leverage limits
As part of a strategy to respond to the effects of the coronavirus pandemic, Cemex has amended its main banking contract to modify the limits of its consolidated financial lever...