Cement vessel sinks off Oaxaca coast
A general cargo ship by the name of Duban, loaded with some 1500t of cement, sank 13nm off of the coast of Oaxaca, southern Mexican state on Pacific coast, in the afternoon of 1...
Mexico
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Cementos Molins reports 5% rise in net profit for 2019
Cementos Molins posted a consolidated net profit of EUR90m in 2019, up five per cent YoY. EBITDA increased five per cent YoY to EUR49m. However, the depreciation of the Argentin...
GCC reports record 4Q19 US net sales
Grupo de Cemento de Chihuahua (GCC), the Mexican cement producer that serves cement and concrete markets in USA, Mexico and Canada had 4Q19 consolidated net sales increased 11 p...
Pillard wins Mexican burner order
Pillard has received an order for a Pillard PRECAFLAM™ burner in a new cement plant in Mexico, delivered by Fives FCB. Its technology, associated with both the Pillard NOVAFLAM ...
Grupo Cementos de Chihuahua joins SBTi
Mexico's Grupo Cementos de Chihuahua (GCC) has announced that it has joined the Science-Based Targets initiative (SBTi) as part of its commitment to set science-based emission r...
Mexican market contracts 10% in 2019
Cement sales in Mexico declined by around 10 per cent in 2019, according to Standard & Poor’s. The ratings agency attributed the fall to poor performance of the infrastructure m...
Cemex to invest MXN10bn in Tepeaca expansion
Cemex is investing MXN10bn (US$530m) in the expansion of its cement works in Tepeaca, Puebla, according to the group’s President, Grupo Cemex. The expansion of the plant aims to...
GCC signs 15-year solar power deal in Mexico
Grupo Cementos de Chihuahua SAB de CV is to operate some of its cement operations in Mexico on solar energy under a newly-signed power purchase agreement (PPA). The company said...
Mexico's construction industry contracts in the 3Q19
Mexico's construction industry contracted 6.6 per cent YoY during the third quarter of 2019, its worst period since the first quarter of 2009, due to lack of public work and few...
Cemex reports 4% decline in net sales for 3Q19
Cemex has reported consolidated net sales of US$3.5bn in the 3Q19, representing a decrease of four per cent YoY, or one per cent on a like-for-like (LfL) basis for the ongoing o...