Mexico

554 posts · Page 45 of 56

Torre Reforma: a concrete giant in Mexico City

Torre Reforma: a concrete giant in Mexico City

Even before its official inauguration in late 2015, Torre Reforma, designed by the Mexican architect Benjamín Romano from LBR&A Arquitectos, is already an architectural icon in...

Cemex raised to Buy at Longbow

Cemex raised to Buy at Longbow

Cemex is upgraded to Buy from Neutral by Longbow, based on continually improving fundamentals in the cement industry with price increases of 8-10 per cent supported by volume g...

Molins sees net 1Q15 profit up 132%

Molins sees net 1Q15 profit up 132%

Spanish cement producer Cementos Molins reported a net profit of EUR15.1m in 1Q15, up 132 per cent YoY from EUR6.5m in 1Q14. Although domestic sales improved by 7.1 per cent,...

Mexico: Elementia plans 1.5Mta expansion

Mexico: Elementia plans 1.5Mta expansion

Mexico’s Elementia conglomerate announced it will invest US$250m to expand capacity at its Atotonilco de Tula plant in Hidalgo, operated by Cementos Fortaleza. Following comp...

Cemex improves first-quarter trading profit

Cemex improves first-quarter trading profit

Cemex' first-quarter turnover declined by 5.3 per cent to US$3399.87m, but EBITDA did improve by 6.3 per cent to US$568.54m. Helped by a 12.7 per cent reduction in the deprecia...

GCC expects declining growth on low oil prices

GCC expects declining growth on low oil prices

Grupo Cementos de Chihuahua (GCC) expects sales growth to decline this year after record revenue last year as low oil prices constrict demand in the United States, the company'...

Buzzi Unicem returns to a net profit

Buzzi Unicem returns to a net profit

On a turnover just 0.1 per cent lower at EUR2506.4m, Buzzi Unicem's underlying EBITDA did increase by 7.1 per cent to EUR404.8m in 2014, while at the headline level there was a...

Cemex aims to trim debt by US$1bn in 2015

Cemex aims to trim debt by US$1bn in 2015

Cemex is aiming to cut its debt by up to US$1bn this year. The company believes it can refinance US$2.9bn in bonds at a coupon of around nine per cent this year, according to a...