Cement News tagged under: Cemex
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... |
Cemex to co-process Manuelita agro-industrial wastes30 August 2024, Published under Cement NewsRegenera, Cemex's business for waste valorisation, has entered an agreement with Colombia-based Manuelita to transform sugar industry waste into alternative raw materials in the production of building materials. Under the initiative, Manuelita will supply industrial vinasse, a by-product from sugar or ethanol production, to Regenera. According to Alejandro Ramirez, president of Cemex for Colombia and Peru, "This commercial relationship between Cemex, Regenera and Manuelita is of great rele... |
Cemex Columbia sets water management standards for cement production27 August 2024, Published under Cement NewsCemex Columbia has announced that 90 per cent of the water that is required for cement production at its Santa Rosa plant is drawn from non-fresh water sources, setting a benchmark for water management in the country. The plant is able to sustain its manufacturing process using water sources, including rainwater, recycling systems and zero water discharges. The protocol for verifying water management at the plant was developed in collaboration with Environmental Resources Management (... |
Cemex to supply sustainable building materials for Mission Rock development23 August 2024, Published under Cement NewsCemex , the Mexico-based building materials giant, has announced that it has supplied more than 42,815m 3 (56,000yd 3 ) of its sustainable building materials for the initial construction phase of Mission Rock, a 11ha (28 acre), multi-phase, mixed-use development in San Francisco, California. The project is being developed by Tishman Speyer, the San Francisco Giants and the Port of San Francisco. Webcor, a general contractor, broke ground on Mission Rock in 2020, choosing Cemex to supp... |
Cementos Progreso emerges as a true regional player09 August 2024, Published under Cement NewsWhile Cemex has divested its Caribbean assets in the Dominican Republic, one company has jumped on the opportunity to expand its presence in the region. Guatemala-based Cementos Progreso (Cempro) is rapidly extending its reach in the Caribbean and Central America as it adds further cement capacity to its growing portfolio. The San Pedro de Macoris plant in the Dominican Republic will add 2.4Mta to Cempro's cement capacity by the 4Q24, when the transaction is expected to close. The acquisiti... |
Cemex exits Dominican Republic market06 August 2024, Published under Cement NewsCemex has signed a US$950m agreement for the sale of its operations in the Dominican Republic. The transaction includes an export businesses to Haiti. The agreement has been signed between a Spanish subsidiary of Cemex, as seller, and Cementos Progreso Holdings, SL, through a subsidiary, and its strategic partners, as buyers. The divested assets mainly consist of one cement plant ( 2.4Mta San Pedro de Macorís plant) in the Dominican Republic consisting of two integrated production li... |
Cemex installs renewable energy at Alrewas site01 August 2024, Published under Cement NewsCemex has installed an innovative renewable energy project at its Alrewas ready-mixed concrete plant in Staffordshire, UK. The system, which uses a 90kWh battery along with solar panels, is expected to save 200t of CO 2 . According to Cemex, the new facility at Alrewas opened in 2023 without mains electricity, which means the site, until recently, has been exclusively powered by diesel generators. Keen to reduce CO 2 and the plant’s reliance on fossil fuels, once the renewable units we... |
Cemex reports highest EBITDA margin in eight years26 July 2024, Published under Cement NewsCemex has reported strong 2Q24 results with a two per cent increase in EBITDA, while the EBITDA margin expanded to the highest level since 2016. The EBITDA margin was propelled by favourable price-to-cost dynamics, with prices rising mid-single digits amidst decelerating costs. Net sales were flat compared to the 2Q23, reflecting difficult weather conditions in key markets offset by pricing momentum, says Cemex. “Our strong second quarter results demonstrate the efficacy of our commercial... |