Cemex to resume Tepeaca plant expansion
Cemex announced that it is to restart the expansion of its Tepeaca cement plant in Mexico having put the project on hold in 2008. The additional investment involves 4.4Mta of ...
Mexico
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Mexico: Elementia IPO in 1Q15
Eduardo Musalem, Elementia’s CEO, said the Mexican cement company is looking to list shares during the 1Q15 if market conditions are good. "We are ready to debut in the market...
Fitch assigns ‘BB+(EXP)’ to Elementia proposed notes, Outlook Stable
Fitch Ratings has assigned an expected rating of 'BB+(EXP)' to Elementia, SA de CV’s proposed US$400m notes with a maturity of up to 10 years. Proceeds from the notes issuance...
Mexican and Colombian imports to help meet Nicaragua project
Imports from Mexico and Colombia can ensure the supply of cement for the Gran Canal Interoceanico project in Nicaragua, according to the president of the High Council of Privat...
Lafarge
Lafarge has agreed the sale of its wholly-owned Russian subsidiary Uralcement to Buzzi Unicem for EUR104m and the proceeds will be used to reduce Lafarge's net debt. In May, La...
Elementia: Fortaleza brand to register 20% growth in 2014-15
Despite a slow market, Mexico’s Cementos Fortaleza expects to close 2014 and 2015 with growth. Antonio Taracena, director general at Elementia, owner of the Fortaleza brand, at...
Elementia plans IPO, Mexico
Mexico's Elementia is exploring the possibility of soon launching an initial public offering (IPO) to expand its cement business and fuel further acquisitions, the company's ch...
Mexico: Lafarge sells its minority stake in Elementia
Lafarge announces the sale of its 47 per cent minority stake in its cement operations in Mexico to Elementia for a cash consideration of US$225m (EUR175m). The joint venture ...
New FLSmidth Service Centre in Zacatecas, Mexico
FLSmidth recently opened its newest service centre in Zacatecas, Mexico. The official opening was attended by Zacatecas state governor, Miguel Alonso Reyes; Patricia Salinas, s...
Cemex to buy back over US$950m of debt
Cemex said on Wednesday it would buy back more than US$950m worth of its debt from bondholders through a tender offer, as part of a wider plan under a new chief executive to re...