S&P upgrades GCC rating
S&P Global Ratings has raised its long-term corporate rating on Grupo Cementos de Chihuahua to 'BB' from 'BB-'. The outlook is stable.
Mexico
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Cemex participates in first underwater tunnel in Latin America
Cemex participated in the construction of the Coatzacoalcos Underwater Tunnel in Veracruz, Mexico, an innovative infrastructure project in Latin America. The dimensions of this ...
Fitch affirms Elementia's IDR, Outlook Stable
Fitch Ratings has affirmed Mexico-based Elementia, Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BB+', as well as its long-term national scale rating at...
Canacem: Mexico’s cement sector to grow 3% in 2017
The Mexican cement sector is expected to grow by three per cent in 2017, as housing construction contracts, according to Osmín Rendón, president of the national construction cha...
Cemex hikes cement price 20% in Mexico
Cemex increased its price for grey cement in Mexico by 20 per cent YoY in 1Q17. It represents the largest first-quarter increase in at least a decade and twice the seven per cen...
Cemex reports jump in net profit
Cemex reported a jump in net profit to US$336m in the 1Q17 from an income of US$35m in the same period of last year, as the Mexican major as the cement maker continued to sell a...
LafargeHolcim launches Disensa in Mexico
LafargeHolcim has launched its franchise brand Disensa in Mexico. With the opening of retail stores for construction materials, the company expects to consolidate its presence i...
Elementia invests US$250m in Mexican cement plant
Elementia anounced it will invest US$250m in the expansion of its Tula cement plant in Hidalgo, Mexico.
Mauricio Doehner new president of Mexico’s cement association
Mauricio Doehner has been appointed as new president of Mexico’s cement association, Cámara Nacional del Cemento (Canacem). He replaces Billy Álvarez of Cruz Azul. The appointme...
Sika opens new cement plant in Coatzacoalcos
Sika announced the opening of a new mortar cement factory in Coatzacoalcos, Veracruz, Mexico. The new plant will also start production of concrete additives previously owned by ...