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 ...
Mexico
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Holcim expects 3-5% growth in Mexico
The Mexican cement market will expand by 3-5 per cent in 2015, according to a forecast by Holcim México.
Rodolfo Montero new Holcim México CEO
From 1 March, Rodolfo Montero becomes the new CEO of Holcim México, succeeding Eduardo Kretschmer, who will leave Holcim after 34 years. Mr Montero previously held the position ...
GCC's fourth-quarter sales rise 18% YoY
GCC (Grupo Cementos de Chihuahua) reported a sales increase of 18 per cent in the fourth quarter compared to the same period of 2013, totaling MXN2546.1m (U$$170m), reflecting a...
Cemex creates Cemex Energia
Cemex announced today the creation of Cemex Energia, an energy division that aims to develop a portfolio of power projects that will supply about 3-5 per cent of Mexico's electr...
Mexico: LH merger green light
Mexico’s Federal Commission for Economic Competition (Cofece) has granted approval for the merger of Lafarge and Holcim (LH).
Cemex’ US EBITDA rises by 65% and trading loss almost eliminated
Cemex' turnover improved by 3.2 per cent in 2014 to US$15,708.5m and the EBITDA advanced by 3.7 per cent to US$2740.5m, while the trading profit rose by 12.3 per cent to US$1275...
Fitch upgrades GCC’s ratings, outlook to stable
Fitch has raised the credit rating of Mexican cement firm Grupo Cementos de Chihuahua (GCC) to BB-, in both local and foreign currency, with a stable outlook. Fitch said in a st...
Stronger markets in 2015?
What does 2015 have in store for the cement sector? After three relatively poor years in terms of global construction expansion, Morgan Stanley (UK) predicts a tentative recover...
Cemex
Cemex is restarting work on expanding the Tepeaca works in the state of Puebla, Mexico, that was halted in 2008, with a view of completing the expansion in 2017. This will requi...