Cement News tagged under: Cemex
USA: Cemex to supply Florida Highway project04 August 2016, Published under Cement NewsCemex USA is participating in the I-4 Ultimate Improvement Project, a 21-mile reconstruction of Central Florida’s main interstate highway. This is the largest and most complex infrastructure project currently underway in Florida, USA. The I-4 Improvement Project will upgrade interchanges and bridges for the communities in Orange and Seminole Counties. Cemex is expected to supply more than 4900 truckloads of reinforced ready-mix concrete pipe and more than 375,000 of the 620,000 cubic yards... |
United States: Cemex fined US$1.69m over air pollution01 August 2016, Published under Cement NewsCemex has reached a deal with US Environmental Protection Agency (EPA) whereby the company will pay a US$1.69m fine and install pollution-control equipment in five of its American plants, the Knoxville News Sentinel reports. The company will also be required to carry out energy audits at its plants and spend a further US$150,000 on energy efficiency projects. Last week saw the EPA file a federal complaint concerning air pollution arising from Cemex’s operations in Knoxville, Louisvil... |
Philippines: Human rights body begins investigation into GHG-emitting firms29 July 2016, Published under Cement NewsThe Commission on Human Rights of the Philippines (CHR) has begun an investigation into the possibility that major carbon-emitting multinationals have breached human rights law, The Guardian reports. This follows a petition from a group of environmental NGOs led by Greenpeace, which identified 47 Carbon Majors - publicly-traded companies that collectively are responsible for 21.6 per cent of greenhouse gas emissions in the period from 1751 to 2013. The companies involved include major cem... |
Cemex Latin American Holdings sees improved cement volumes in Colombia28 July 2016, Published under Cement NewsCemex Latin American Holdings' first-half turnover fell by 10.1 per cent to US$672.1m, while EBITDA came off by 4.4 per cent to US$226.1m. At the trading level there was a 4.3 per cent reduction to US$183.5m. After a net interest charge 27.6 per cent lower at US$29.4m, the pretax profit emerged 16.5 per cent higher at US$165.4m. The net attributable profit rose by 22 per cent to US$100.6m. Net debt at the end of June was 8.6 per cent lower than a year earlier at US$984m, giving a gearing lev... |
Siam City Cement acquires Cemex Bangladesh28 July 2016, Published under Cement NewsSiam City Cement, one of Thailand’s largest cement producers, acquired Cemex Cement Bangladesh Ltd on Tuesday. The Cemex operations are now known as Siam City Cement (Bangaldesh) Ltd. A statement released by the company read, “Siam City Cement (Bangladesh) Limited aspires to bring regional experiences from the past and would like to shake hands with the potential prospects of the Bangladeshi Cement market. It believes in cementing relationship with all the relevant stakeholders and would l... |
USA: Cemex settles with EPA28 July 2016, Published under Cement NewsCemex and its affiliate, Kosmos Cement Company, have reached a settlement deal with the Environmental Protection Agency (EPA) to resolve alleged historical violations of the Clean Air Act at five cement plants in Alabama, Kentucky, Tennessee and Texas. Cemex will invest around US$10m to cut emissions of harmful pollution. Emissions monitoring and reduction equipment will be installed at the five plants. Cemex will also pay US$1.69m in civil penalties, conduct energy audits and spend US$15... |
Cemex reports 6% rise in net consolidated sales and EBITDA27 July 2016, Published under Cement NewsCemex reported a six per cent YoY rise – on a like-for-like basis for the ongoing operations and adjusting for currency fluctuations – in net consolidated sales for the second quarter of 2016. The company saw its operating EBITDA advance by six per cent during the quarter to US$771m when compared with 2Q15 although on a like-for-like basis the increase was 16 per cent. The corresponding EBITDA margin saw a 1.3 per cent rise YoY to 20.9 per cent. The company attributed the rise in con... |
Poland: Cemex Chelm benefits from new RDF shredders at EkoPaliwa19 July 2016, Published under Cement NewsEkoPaliwa, a waste recycling company in Chelm, Poland, commissioned Weima to install two Powerline 3000 single-shaft shredders with hydraulic drive used in secondary shredding in its plant to produce alternative fuels. Cemex requires the refuse-derived fuel (RDF) for its Chelm cement plant that is situated adjacent to EkoPaliwa. The shredded waste will ensure Cemex is self-sufficient in terms of fuel supply at all times. To meet the demands of the project, a single Weima PowerLine 3000 ... |
United Kingdom: fire at Cemex’s South Ferriby plant19 July 2016, Published under Cement NewsCemex’s South Ferriby works in Lincolnshire was hit by fire on Sunday, according to reports in the local press. The fire, which began due to a fuel leak, spread to cables, pipework and a disused control room within the kiln room. In addition to damaging these areas, the remainder of the building suffered smoke damage. This is not the first disruption suffered by the 0.75Mta plant. In December 2013 the facility was put out of action by flood water from the Humber river. |
Cemex amortises US$353m debt15 July 2016, Published under Cement NewsMexican cement maker Cemex has amortised a US$352.95m debt that was due to expire in 2022, as part of its refinancing strategy to lower costs, reports Reuters. Cemex, which has been selling assets to cut debt, announced an offer to buy back up to US$400m in debt in April but said it would not buy back more than US$150m of the 2022 debt. However, on Thursday Cemex said debtholders agreed to an early tender of the 9.375 per cent notes falling due in 2022, with the company agreeing to pa... |