Cement News tagged under: Cemex
Cemex reports 3Q24 net sales of US$4bn29 October 2024, Published under Cement NewsCemex reported an EBITDA of US$747m and net sales of US$4.09bn in the 3Q24 in a period. Weather impact accounted for a little less than half of the LtL EBITDA shortfall in the quarter. Consolidated net income grew more than 200 per cent compared to the prior year. Cemex’s pricing strategy continued to be supportive in a lower volume environment, with prices for its products rising low-single digits. During the quarter, Cemex announced divestments of US$1.4bn, bringing YtD announced divesti... |
Cemex receives funding for Rüdersdorf CCUS project23 October 2024, Published under Cement NewsA consortium comprised of Cemex and Linde, a leading global industrial gases and engineering company, has been selected to receive EUR157m (US$169.3m) in funding from the EU Innovation Fund for a pioneering CO 2 capture project at Cemex’s Rüdersdorf cement plant in Germany. The project, Cemex ’s largest planned carbon capture, use and storage (CCUS) project to date, aims to capture 1.3Mta of CO 2 from Rüdersdorf’s cement production, ultimately decarbonising the site by 2030. At Rüders... |
Cemex recognised for construction reputation10 October 2024, Published under Cement NewsThe Corporate Reputation Business Monitor (Merco) has recognised Cemex as the company with the best reputation in the construction sector in Mexico. This is the twelfth consecutive year that Cemex stands out in the Merco Empresas Mexico ranking. In the years 2013-2016, it led the cement category, and from 2017 to now, it has retained position in the construction materials category. This recognition for standing in the consturction amterials sector comes after Cemex's inclusion in Fortune’... |
Cemex recognised for social impact27 September 2024, Published under Cement NewsCemex announced that it has been included in Fortune’s 2024 Change the World list for the fourth time. The list showcases businesses out of about 250 companies that are having a positive social impact through activities that are part of their core business strategy. Fortune recognised the company's work with VeryNile in cleaning the Nile River, developing a more sustainable solution for the collected waste. VeryNile is an initiative supported by the Ministry of the environment in Egypt ... |
Cemex revolutionises operations with AI20 September 2024, Published under Cement NewsCemex (Mexico) has started using MARIA (the Monitoring and Remote Assistance with Artificial Intelligence system). This system permanently, and in real time, captures critical variables of cement plants, such as temperature, oxygen levels, pressure and vibrations. MARIA knows how to use WhatsApp to send alerts and recommendations automatically to plant operators. It is also capable of using Google Translate to warn them of what is happening, which it detects through sensors and algorith... |
Cemex introduces new anti-humidity cement19 September 2024, Published under Cement NewsCemex introduced a new water-repellent cement product that the company hopes will extend the life of construction sites. The product is a specialised, anti-humidity cement. Ricardo Naya, president of Cemex Mexico, said, “At Cemex, we have developed a new specialty cement designed to solve one of the main problems that affects almost every construction site: dampness. Our damp-proof cement is a true “all-in-one”. In addition to its traditional use, it incorporates water-repellent propert... |
Cemex sells operations in Guatemala11 September 2024, Published under Cement NewsCemex announced that it has sold its operations in Guatemala to Holcim Group , for a total consideration of approximately US$200m, with the transaction signed and closed 10 September 2024. The divested assets consist of one grinding mill, three ready-mix plants and five distribution centres. As of 31 December 2023, the grinding mill had an installed capacity of around 0.6Mta. Fernando A González, CEO of Cemex, said, “In 2024 we have accelerated the execution of our portfolio rebalan... |
Cemex joins initiative to lift Latin American living standards10 September 2024, Published under Cement NewsCemex has joined the "100,000 Pisos Para Jugar" ("100,000 Floors to Play") initiative alongside Habitat for Humanity and the Inter-American Cement Federation (FICEM). The initiative aims to replace 100,000 dirt floors with concrete in homes across Latin America and the Caribbean by 2028. Cemex will support this project in Colombia through its “Piso Digno” (Dignified Floor) programme, which has been providing families with the materials and technical support needed to improve their home f... |
Cemex completes divestment in Neoris for US$209m05 September 2024, Published under Cement NewsCemex has finalised the sale of its remaining stake in Neoris, a digital accelerator founded more than 20 years ago. The sale will enable the company to focus on its core business and in line with its current acquisition strategy and portfolio balancing. The 34.8 per cent interest in Neoris was sold for US$209m to digital transformation services company EPAM Systems, according to a statement issued by the latter. The sale agreement also provides for Cemex to continue as a customer of Neori... |
Cemex acquires recycling company as part of its circularity mission04 September 2024, Published under Cement NewsOn 3 September 2024, Cemex announced it had acquired a majority stake in RC-Baustoffe Berlin GmbH & Co KG, a Berlin-based recycling company and part of the Heim Group. The company processes mineral construction, demolition and excavation materials (CDEM). The recycling company will be integrated with Regenera, Cemex’s business that offers circularity solutions which extend the life cycle of construction materials by reusing them in value-added products. The acquired recycling facility... |