Cemex expected to increase cement price 12-13% in new year
Cemex will increase the price of cement between 12-13 per cent at the beginning of next year, according to the Mexican Association of Independent Concrete Companies (AMCI). "T...
Mexico
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Mexican ready-mix prices to rise 20%
Mexico's ready-mix concrete producers are set to raise prices by 20 per cent. The Mexican Association of Independent Concrete Producers (AMCI), representing 70 per cent of the ...
Mexican cement industry optimistic about announced housing programmes
The Mexican cement industry has welcomed announcement of social housing programmes by the new government voted into office last July. "In Mexico there are 7 million families ...
Cemex begins share repurchase programme
Cemex has begun its share repurchase programme, approved at its ordinary shareholders’ meeting for up to US$500m. "We are pleased to initiate our share buyback programme, wh...
Higher fuel and power costs affect Mexican cement producers
EBITDA margins of Cemex, Moctezuma, Cementos Chihuahua and Elementia have contracted by 0.5-2 percentage points in the 3Q18 as fuel and power costs in Mexico have risen. "At ...
Cemex invests US$320m in solar energy
Cemex will invest US$320m in a solar farm in Zacatecas, Mexico. The solar power plant will have a capacity of 378MW. “At cement we bring different projects and we do not rule ...
Cemex's gearing continues to decline to 89%
During the first nine months of the year, Cemex cement shipments improved by 3.2 per cent to 52.69Mt, while ready-mixed concrete deliveries advanced by 3.7 per cent to 40.07Mm²...
Cemex Latin American Holdings sees weak volumes
Cemex Latin American Holdings saw turnover for the first nine months decline by 8.6 per cent to US$848.5m and EBITDA fell by 22.3 per cent to US$187.7m, with the margin coming ...
GCC announces 11% sales increase for 9M18
Mexico's Grupo Cementos de Chihuahua (GCC) has recorded an 11.1 per cent YoY increase in sales to US$677.4m for the first nine months of 2018. EBITDA surged 16.3 per cent to US...
Carbon capture bioreactor starts at Fortaleza's Tula plant
Mexico’s Universidad Autónoma Metropolitana (UAM) has developed a bioreactor which uses microalgae to capture flue gases from cement companies. The reactor was launched at Ceme...