Cement News tagged under: Cemex
CEMEX upgraded by Fitch Ratings02 May 2024, Published under Cement NewsCEMEX has reached full investment grade status after being upgraded to BBB- by rating agency Fitch Ratings. This follows S&P Global Ratings’ upgrade announced in March 2024. “Achieving investment grade is a milestone for CEMEX,” said Fernando A González, CEO of CEMEX. “This rating is confirmation of both our strategy and our execution against it. By optimizing our cost of capital, it also serves as the foundation for increased financial flexibility going forward to address our... |
CEMEX divests assets in Philippines29 April 2024, Published under Cement NewsCEMEX has announced that its subsidiary, CEMEX Asia BV, has signed an agreement with DACON Corp, DMCI Holdings Inc and Seminara Mining and Power Corp for the sale of its operations and assets in the Philippines. Once closed, this transaction will further advance CEMEX’s portfolio rebalancing strategy. The assets to be sold by CEMEX Asia BV include 100 per cent equity interest in CEMEX Asian South East Corp, which owns approximately 89 per cent of CEMEX Holdings Philippines Inc (CHP)... |
CEMEX sets record EBITDA in 1Q2426 April 2024, Published under Cement NewsCEMEX has reported net sales of US$4138m in the opening quarter of 2024, marking a three per cent increase YoY. EBITDA over the same period has advanced by five per cent to US$772m, while the EBITDA margin increased 0.5 percentage points to 18.7 per cent. According to the company, three out of its four regional markets, accounting for 90 per cent of consolidated EBITDA, saw a combined growth rate of 15 per cent over the three-month period under review. There was further growth from inv... |
Emissions and impacts of waste at disposal sites23 April 2024, Published under Cement NewsWith population increase comes greater waste generation. This results in a series of environmental, climate and health impacts at disposal sites, such as leachate and gas emissions. The study presented below describes the main harmful compounds generated from buried waste as well as the sustainable actions to eliminate the sources of these emissions, including waste co-processing in cement kilns. By Enrique De Hoyos, CEMEX, Mexico, Gabriela Ortiz, Debanhy Olvera, Diana Ángeles, Rodolfo de l... |
Mexico's demand expected to cool down22 April 2024, Published under Cement NewsCement demand in Mexico is forecast to cool down with the country's major cement producing expecting modest growth in 2024 following the completion of some of the government's key infrastructure projects and a reduction in the infrastructure budget. As a result, domestic cement producers are looking to Europe for alternative sales or prepare for expansion projects in Mexico. In 2023 construction activity in Mexico advanced by 15.6 per cent, largely driven by 78 per cent growth in civil wor... |
CEMEX UK supports Port of Tilbury dredging campaign18 April 2024, Published under Cement NewsCEMEX UK has used the dredging expertise of its UK Marine team to support the Port of Tilbury, with essential dredging to the working berths along the River Thames. The work carried out by the CEMEX team has helped to ensure that the berths are maintained to their designated depths to ensure that vessels from barges to 100,000t ships can access the quayside. The Port of Tilbury is one of the UK’s largest ports and is located just 22 nautical miles east of central London with 56 operatio... |
CEMEX refinances credit agreement12 April 2024, Published under Cement NewsCEMEX has successfully refinanced its euro-denominated sustainability-linked syndicated credit agreement, extending the final maturity to 2029. The refinanced credit agreement consists of a EUR450m five-year amortising term loan, and a new EUR300m four-year committed revolving credit facility. This represents a reduction of EUR50m in the term loan and an additional source of liquidity in the form of a revolver. According to the company, the signing of this agreement is an integral par... |
CEMEX receives EUR4.8m to reduce natural resource use03 April 2024, Published under Cement NewsSpain’s Ministry for the Ecological Transition and the Demographic Challenge (MITECO) has awarded a EUR4.8m (US$5.2m) to CEMEX España as part of its Strategic Project for the Recovery and Economic Transformation (PERTE) of the Circular Economy to improve the circularity of its processes. The grant represents 35 per cent of the approved EUR13.7m budget to develop and implement the “L2 cross-cutting action to boost the economy – Increasing the efficiency of raw materials in cement manufactu... |
CEMEX receives EPA Energy Star Partner of the Year award for 6th consecutive year01 April 2024, Published under Cement NewsCEMEX has been recognised by the US Environmental Protection Agency (EPA) as 2024 Energy Star® Partner of the Year for the sixth consecutive year. The Partner of the Year award highlights CEMEX's continued efforts to reduce energy consumption, minimise environmental impact, and promote sustainable practices across its cement plants, ready-mix concrete facilities, and other operations across the USA. To achieve the award CEMEX has made key contributions such as sourcing 100 per cent renewab... |
CEMEX sets the pace in 202325 March 2024, Published under Cement NewsCEMEX has released its Integrated Report, entitled 'Setting the Pace', which outlines the company’s strategic vision, operational performance, and value creation in 2023. Last year saw CEMEX achieve record growth in EBITDA and make significant progress in its decarbonisation efforts, reducing Scope 1 and 2 CO 2 emissions by 13 and 12 per cent, respectively, since 2020. This comes as the company launches its ‘Regenera’ waste management business globally, as part of its Urbanisation Solutio... |