Lafarge announces joint venture with Elementia, Mexico
Lafarge announces it has reached an agreement with Elementia to combine their cement assets in Mexico. Lafarge will bring its two plants of Vito and Tula for a total capacity c...
Mexico
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Agencies withdraw ratings for Apasco’s bonds, Mexico
Fitch Ratings and Standard & Poor's have withdrawn their AAA ratings for the MXP950m (US$74.5m) receivables-backed bonds issued by cement manufacturers Cementos Apasco and Conc...
Cemex completes financial plan for 2012
Cemex announced today the completion of its financial plan for 2012, which included several transactions to refinance and/or prepay debt scheduled to mature through 2014, there...
Cemex to return to profitability in 2013?
Mexican cement producer Cemex is seen on track to return to profitability as soon as 2013, according to analysts quoted by Reuters. The company recently refinanced US$6.7bn ...
Cemex: October ‘12
During the first nine months of the year, Cemex' turnover came off by 2.1% to US$11,273.8m, but the EBITDA did improve by 9.0% to US$2,003.2m. The trading profit rose by 37.8%...
Cemex recognised for CO2 emissions performance and reporting, Latin America
Cemex named one of Latin America’s best companies in CO2 emissions performance and disclosure Cemex has been named by the Carbon Disclosure Project (CDP) as the best Latin Amer...
GCC sales rise 13.3 per cent, Mexico
Mexico-based cement producer Grupo Cementos de Chihuahua (GCC) has posted MXP2.58bn (US$197m) in sales for 3Q2012, up 13.3 per cent YoY. The company posted EBITDA of MXP50...
Cementos Molins posts EUR31m profit, up 85%
Spain’s Cementos Molins has posted a profit of EUR31.16m in the first nine months of the year. The 85 per cent rise has been attributed to successful foreign business, which co...
Cementos Moctezuma posts positive 3Q12 results
Mexico’s Cementos Moctezuma 3Q12 net sales reached MXN2.297bn (US$177.7m), representing a rise of 12.7 per cent when compared to last year’s equivalent period. Operating profi...
New Mexican cement player to enter the market
Privately-held Mexican conglomerate Elementia, part-owned by billionaire Carlos Slim plans to list shares on the local exchange and is launching a cement company on the Mexican...