Elementia raises MXN3.93bn with IPO, Mexico
Mexican construction holding Elementia raised MXN3.93bn (US$250.15m) with its initial public offering (IPO) on 9 July 2015.
Mexico
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Cemex awards ecoperating Plus certification to building in Tijuana, Mexico
Cemex announced that it has awarded the ecoperating Plus certification to Torre Cosmopolitan, a sustainable and innovative commercial building, located in Tijuana, Baja Californ...
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 ...
Mexico: Elementia plans to raise about US$290m in IPO
Mexican building materials company Elementia plans to raise about MXN4.5bn (US$290m) in its initial public offering next month. A preliminary prospectus detailed that Elementia ...
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 gr...
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, th...
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 complet...
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 depreciat...
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's...
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 ...