Cement News tagged under: Cemex
Caracolito’s cleaner air24 June 2019, Published under Cement NewsThe replacement of the electrostatic precipitator with a bag filter at Cemex’s Caracolito plant in Colombia has had a positive impact on the company’s emissions indicators as well as the local environment and neighbouring communities. By Cemex, Colombia. The new bag filter at Cemex’s Caracolito plant in Colombia has reduced particle emissions from 127 to 12mg/m 3 Colombia is one of Cemex’s most-important markets in Latin America due to its size, the dynamism of the local constr... |
Cemex aligns with UN sustainable development goals28 May 2019, Published under Cement NewsCemex has announced that it is strengthening its commitment to the United Nations (UN) Sustainable Development Goals (SDGs) by prioritising five goals that are directly connected with the company's business and represent a better opportunity to contribute to the UN 2030 Agenda. These five goals are focussed on: • the promotion of decent employment and economic growth • innovation and infrastructure development • climate change mitigation • environmental and ecosystem conservation • the adva... |
Cemex breaks ground on new line in the Philippines24 May 2019, Published under Cement NewsCemex Holdings Philippines (CHP) has broken ground on its new US$235m line at the plant of its subsidiary, Solid Cement, in Antipolo, Rizal. Upon completion, the expansion is expected to increase Solid Cement’s capacity to 3.4Mta from 1.9Mta. "The continuous investment and expansion of Cemex in the Philippines is a reflection of its profound commitment to help the Philippine government in its quest to build a stronger nation. With the expansion of our operations, we shall be able to suppo... |
Caribbean Cement reports 237% increase in net profit01 May 2019, Published under Cement NewsJamaica’s Caribbean Cement Co Ltd has announced a two per cent YoY revenue increase to JMD4.45bn (US$33.35m) for the first quarter of 2019. However, its net profit surged 237 per cent from JMD334m to JMD1.13bn. The significant increase in net profit follows the company’s debt refinancing last year, which saw it buy back assets from its immediate parent Trinidad Cement Ltd. The result is Caribbean Cement’s highest profit outturn for 12 straight quarters, according to the Jamaica Gleaner. ... |
Cemex results supported by Europe in the 1Q1926 April 2019, Published under Cement NewsCemex has announced that its consolidated net sales increased by one per cent on a like-for-like basis to US$3.2bn during the first quarter of 2019, after adjusting for foreign exchange fluctuations. However, operating EBITDA decreased by three per cent YoY to US$562m. The increase in net sales has been attributed to the higher price of the company’s products, as well as higher volumes across its three core products in Europe, and in the company's US ready-mix and aggregates markets. "We ... |
Cemex receives approval for Maceo operations up to 204016 April 2019, Published under Cement NewsCemex has received approval from the Attorney General’s Office in Colombia to carry out mining operations at its plant in Maceo, Antioquia. The contract will last until 2040 with the option to extend it until 2050 if the company extends the duration of the mining concession. Cemex Colombia and its subsidiary Central de Mezclas will pay a lease fee of COP49m (US$16,159) to CL Calizas and Zona Franca Especial Cementera del Magdalena Medio (Zomam). This includes retroactive payments for lease... |
Cemex Ventures invests in real-time delivery company12 April 2019, Published under Cement NewsCemex Ventures has invested in LINKX, a software company that specialises in goods delivery optimisation. LINKX will help Cemex achieve control of deliveries in real time, allowing data-based decision-making and communication between shipper, carrier and receiver. "This investment is a clear example of our offer," said Gonzalo Galinodo, CEO of Cemex Ventures." LINKX came to us at a very early stage, and together, we worked on continuous improvements by reinforcing their minimum viable prod... |
Cemex launches Cemex Go Development Center05 April 2019, Published under Cement NewsCemex has introduced its Cemex Go Development Center, a digital platform to enable users to connect with different entities in the industry, accelerate their evolution, and promote new business models, while reducing costs and accelerating time for the development of new digital capabilities of each of its customers. Cemex Go Development Center facilities connectivity of Cemex Processes with its customers through digital platforms and application programming interfaces (APIs), which can dir... |
Cemex Latvia changes name to Schwenk Latvija04 April 2019, Published under Cement NewsFollowing its recent acquisition by Germany-based Schwenk, Cemex Latvia will change its name to Schwenk Latvija, according to reports by the LETA news agency. Cemex generated a turnover of EUR86.92m in Latvia in 2018, an increase of 11.3 per cent from 2017. Annual profit amounted to EUR5.95m, compared to a loss in the previous year. The company sold over 1Mt of cement in 2018, of which 70 per cent was exported, mostly to Finland, Sweden and Estonia. |
Building a stronger Cemex26 March 2019, Published under Cement NewsFernando A González, Cemex's CEO, opened Cemex Capital Market Day on Wednesday, 20 March 2019 and stated that 'A Stronger Cemex' had been formed through a programme of accelerated deleveraging, bringing with it an improved credit rating and increased shareholder returns. The group achieved a top-line growth of six per cent in 2018 and generated US$1bn of free cash flow, which was used to reduce total debt by approximately eight per cent. This also enabled a dividend payment of US$150m, th... |