Mexico and Argentina impact 2013 Molins results
The market contraction in Mexico and a devaluation of the Argentine peso impacted the annual results of Cementos Molins. The Spanish company saw profit fall by
Mexico
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Cemex confident on medium-term goals
Cemex remains confident that it is on track to meet its medium-term EBITDA goal as it continues to capture the full potential from its existing portfolio to improve profitabilit...
Cemex in tyre agreement with General Motors
Cemex has reached an agreement with General Motors (GM) of Mexico to use non-recyclable waste from the carmaker’s manufacturing plant in San Luis Potosí in its kilns. In exchang...
Cemex falls back in Mexico but advances in the USA
Cemex' turnover improved by 1.6 per cent in 2013 to US$15,226.5m and EBITDA emerged 0.7 per cent ahead at US$2643m, while the trading profit advanced by 17.4 per cent to US$1517...
Fitch Ratings raises GCC outlook
Fitch Ratings has revised its outlook for Grupo Cementos de Chihuahua (GCC) from 'Stable' to 'Positive.' The upward revision reflects Fitch's view that GCC's operations could ga...
Morgan Stanley maintains Cemex rating
Morgan Stanley has maintained its 'Overweight' rating on Cemex, raising its price target to US$14.00 from US$13.00. It believes that the Mexican cement major could be turning th...
Cemex included in UN Global Compact Stock Index
Cemex announced today that it has been selected for inclusion in the United Nations Global Compact 100– a new global stock index that combines corporate sustainability and basel...
Holcim held back by weaker Indian and Mexican markets
Holcim's turnover for the first nine months declined by 6.1 per cent to CHF14,941m, as weaker Indian and Mexican markets hold back the company's performance. In euro terms the r...
Cement imports - fortress Mexico breached
The first industrial scale consignment of bagged cement in 25 years has successfully been imported to Mexico, marking a unique milestone in the recent history of the Mexican bui...
Cemex: 9M13 turnover edges ahead
For the first nine months of the year, Cemex' turnover edged ahead by 0.7 per cent to US$11,352.7m but but EBITDA eased by 0.3 per cent to US$2001.2m as Mexico continues to drag...