Cemex retains 9.5% of GCC
Cemex SAB de CV said that some of its underwriters did not exercise their over-allotment option to acquire shares in Mexico’s Grupo Cementos de Chihuahua SAB de CV. As a result...
Mexico
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Cemex will ‘gladly’ supply materials for Trump border wall
Cemex board Chairman, Rogelio Zambrano, has stated that Cemex would be happy to give estimates for the supply of cement to companies building the US-Mexico border wall, Reuters...
Mexico: Elementia 4Q16 and 12M16 results
Elementia announced its financial and operating results for the 4Q16 and 12-month period ended 31 December 2016 with net sales increasing by 36 per cent in 4Q16 and 12 per cent...
The world in 2016 and outlook for 2017
This year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new er...
Cemex sells concrete pipe business
Cemex has completed the sale of its reinforced concrete pipe business to Quikcrete Holdings. The transaction was carried out for around US$500m, including a potential additi...
Cruz Azul to invest US$300m in plants
As part of its plant modernisation programme, Mexico’s Cruz Azul plans to spend US$300m in upgrading its four plants in the next four years. Cooperativa La Cruz Azul Preside...
Mexico: Cemex increases cement price 11%
Cemex notified its distributors that from January 2017 it will increase the price of grey cement by around 11 per cent nationwide. Other producers such as Holcim and Cruz Azul ...
Fitch: Latin America 2017 outlook stable
According to a new Fitch Ratings report, the 2017 Latin American cement outlook for both ratings and the sector is stable. Associate Director at Fitch Ratings, Gilberto Gonz...
USA: Elementia acquires 55% stake in Giant Cement
Elementia, SAB de CV has announced that its Board of Directors has given its final approval for the completion of the acquisition of a 55 per cent stake and full control of Gia...
Cementos Moctezuma completes second line at Apazapan
Cementos Molins and Buzzi Unicem's Mexican joint venture, Cementos Moctezuma, announced that construction of the second production line at its Apazapan plant in Veracruz state ...