Cement News tagged under: Cemex
Cemex announces release of secured notes under the Facilities Agreement12 October 2021, Published under Cement NewsCemex has announced that the collateral that guarantees Cemex's debt under its main bank agreement and its senior secured notes have been released. Under Cemex's Facilities Agreement of July 2017, the release of collateral was automatically triggered after Cemex previously reported two consecutive quarters with a consolidated leverage ratio of 3.75x or less. “We are very pleased with this momentous milestone which is a culmination of the substantial strengthening of our capital structu... |
Cemex seeks to offset inflationary pressures with price hikes08 October 2021, Published under Cement NewsFernando A Gonzalez, CEO, opened yesterday's Cemex Day - Part II event with a look at some of the surprises of the last year. Not only has Cemex seen a 'V-shaped' recovery since the pandemic, it has also reported remarkable growth with EBITDA advancing in the 1H21 by 20.7 per cent YoY. However, inflation has become the main challenge going forward, particularly due to price rise for marine transportation and fuel, which the company has responded to with a robust pricing strategy and the post... |
Cemex UK recovers pallets for circular economy initiative06 October 2021, Published under Cement NewsCemex UK is extending its commitment to waste reduction and the circular economy with merchants by relaunching its nationwide pallet recovery service. The Cemex pallet recovery scheme aims to reduce timber waste in the supply chain and make greater environmental efficiencies, as part of its 'Future in Action – Committed to Net Zero CO 2' Climate Action Strategy. Under the scheme, all re-usable wooden pallets are collected free of charge by ELM, Cemex's designated pallet colle... |
SBTi validates Cemex's 2030 global emission targets06 October 2021, Published under Cement NewsThe Science Based Targets Initiative (SBTi) has validated Cemex’s 2030 global emissions targets. Cemex’s targets are in accordance with the Paris Agreement, citing global warming to well below 2˚C and pursuing efforts to limit warming to 1.5˚C. Cemex has a net greenhouse gas emissions (GHG) reduction target of 40 per cent by 2030 compared to its 1990 base line. Under scope 1, this means a reduction in direct GHG emissions of 20 per cent per tonne of cementitious materials by 2030 fr... |
HeidelbergCement divests Spanish assets to Cemex05 October 2021, Published under Cement NewsHeidelbergCement pushes forward its portfolio optimisation programme, and has signed agreements to sell its regional aggregates and ready-mixed concrete businesses in the regions of Catalonia, Madrid and Asturias as well as its ready-mixed concrete business on the Balearic Islands to different buyers. The assets acquired by Cemex from HeidelbergCement include a limestone quarry with a waste management operation serving Madrid and three concrete plants in the Balearic islands. Di... |
Cemex plans Guatemalan expansion17 September 2021, Published under Cement NewsCemex will increase its cement capacity in Guatemala by early 2023 with a new grinding mill at the Arizona facility in the port of San José. The new mill will increase cement capacity from 0.4Mta to 0.9Mta and will cost approximately US$25m. Cemex plans to produce low-carbon cements with the extra capacity. "This investment reinforces Cemex’s commitment to Guatemala’s development and reflects our confidence in the favourable outlook of the economy in the country and the region," said J... |
The cement industry must tackle water management head on10 September 2021, Published under Cement NewsThis week, Sephaku Cement (Dangote group) and Holcim addressed the increasing challenge of water management and water scarcity. The issue is not just a regional one, there are mounting global pressures on water resources. Environmentalists and stakeholders are expected to increase the debate on the matter as water shortages become more acute. The building materials sector requires water for the production of cement, aggregates and ready-mix concrete, washing gravel and sand, slurry making, ... |
Cemex to collaborate with Volvo on electromobility solutions10 September 2021, Published under Cement NewsCemex will work with Volvo Construction Equipment and Volvo Trucks to develop a zero-emissions fleet with electromobility solutions that aligns with Cemex Future in Action programme. The two companies have reached an MoU to collaborate globally to improve productivity and the CO 2 footprint of electromobility solutions and mobile construction equipment trucks, productivity solutions and uptime services. "Working together with a leading global company in electromobility construction ... |
Cemex launches its Sustainability-Linked Financing Framework08 September 2021, Published under Cement NewsCemex has launched its most comprehensive 'Sustainability-Linked Financing Framework' to date. The framework further aligns Cemex's sustainability commitments to its financing strategy, as part of its Future in Action programme. Cemex's guiding principles for new sustainability-linked financing instruments, including public bonds, private placements, loans, derivatives, working capital solutions and other financing instruments are set out in the framework. "Climate change is one of the... |
Cemex's aggregate production returns to Alabama20 August 2021, Published under Cement NewsCemex is investing more than US$6m in its new Brierfield aggregates plant to produce high-quality aggregates for Alabama, USA. The Brierfield plant is the latest addition to Cemex USA and Ready Mix USA's strong network in the state that consists of one cement plant, three cement terminals and more than 30 ready-mix concrete plants. The Brierfield plant, which is located approximately one hour from Birmingham, Alabama, began operations in June 2021, processing aggregates under the name ... |