Cement News tagged under: Cemex
Cemex' gearing rises to 183 per cent23 October 2015, Published under Cement NewsDuring the first nine months of the year, Cemex' turnover declined by 7.2 per cent to US$10,722.4m while the EBITDA was 1.4 per cent lower at US$1,974.3m. The trading profit, however, advanced by 5.8 per cent to US$1264.6m while the net interest charge declined by 24 per cent to US$962.4m. Pre-tax profit improved by 41.1 per cent to US$166m. A 43.5 per cent lower tax charge led to the net attributable loss shrinking from US$325.9m to US$77.3m. Net debt at the end of September was 5.2 p... |
Cemex Panama recognised for environmental management21 October 2015, Published under Cement NewsCemex announced that its Panamanian operations were awarded the highest recognition in sustainable development and environmental management by the Panamanian Chamber of Construction (CAPAC for its acronym in Spanish). Cemex Panama earned this honour for its implementation of protection and conservation policies in the environments where the company operates. The CAPAC’s panel of judges included engineers, architects, developers, governmental officials, and scholars. The award criteria inclu... |
Cemex fails to annul sale of 14% shares in Akmenes20 October 2015, Published under Cement NewsCemex has failed to obtain a court order invalidating deals on the sale of a stake in Lithuania’s sole cement producer, Akmenes Cementas, through which Lithuanian three families were to take over control of the company. According to Baltic Business Daily, the Lithuanian Court of Appeals on 8 October turned down an appeal filed by Dutch-registered Rugby Holding, a subsidiary of Cemex, and refused to declare an agreement on the sale of a 13.68 per cent stake in Akmenes null and void and apply... |
Four Cemex USA cement plants awarded Energy Star certification19 October 2015, Published under Cement NewsCemex USA announced Thursday that four of its cement manufacturing plants have earned the US Environmental Protection Agency ENERGY STAR® certification in 2015. Cemex noted that recognition of its USA’s plants in Miami, FL, Clinchfield, GA, Fairborn, OH, and Victorville, CA, demonstrates that these facilities perform among the top 25 per cent of similar US facilities for energy conservation. 2015 marks the ninth consecutive year of certification for the Clinchfield plant, an achievement r... |
Cemex’s data centre recognised for energy efficiency14 October 2015, Published under Cement NewsCemex announced today that its Data Center, located in Monterrey, Mexico, was awarded the Certified Energy Efficient Datacenter (CEEDA) Gold Certification – the highest recognition for energy efficiency strategy in the datacenter industry. Cemex is the first CEEDA Enterprise Gold Certified company in the Americas and only the fifth to merit this recognition in the world. The Cemex Data Center, located in Monterrey, Mexico Cemex earned this honour after a four-month assessment pr... |
Dominican Republic: Cemex introduces social and business programme12 October 2015, Published under Cement NewsCemex has introduced its inclusive social and business programme portfolio in the Dominican Republic in order to improve access to housing, employment, construction and assisted self-construction activities, among other initiatives. Global inclusive business manager Dulce Alejandre Mora stated that Cemex's Patrimonio Hoy scheme provides affordable and comprehensive solutions for the construction and improvement of housing for low-income families by offering an interest-free savings and lo... |
EPA settles case with Cemex Puerto Rico06 October 2015, Published under Cement NewsThe US Environmental Protection Agency announced that Cemex Puerto Rico will spend an estimated US$1.7m on pollution control measures to reduce NOx emissions from its plant in Ponce. In addition, the company will pay a US$160,000 penalty for Clean Air Act violations. The settlement addresses modifications Cemex made to its cement plant without obtaining the proper permit, as required by the Clean Air Act, a statement by the EPA said. Following an EPA inspection, Cemex conducted a smokest... |
Cemex recognises suppliers' innovation30 September 2015, Published under Cement NewsCemex announced yesterday the winners of “INTEGRATE your ideas”, the company’s Global Sourcing Suppliers Innovation Programme. From a pool of 22 international participants, the top three ideas were selected by Cemex mainly for their innovation, potential financial contribution to the company’s operations, ease of implementation and degree of scalability in different countries. The ideas submitted by suppliers were critically examined through a two-stage assessment. First, 53 Global Procure... |
Cemex expects social initiatives to benefit over 10m people by 202029 September 2015, Published under Cement NewsCemex announced today that, after reaching close to 7m beneficiaries through its social programmes, it has set the goal of benefiting more than 10m people by the year 2020. Cemex made the announcement during the United Nations Private Sector Forum 2015 meetings held in New York City, attended by Fernando A Gonzalez, CEO of Cemex. Cemex supports infrastructure and housing development in the communities where it operates. Among its efforts, it is establishing community centers for constructi... |
Cemex USA announces divestment in the southeastern United States28 September 2015, Published under Cement NewsCemex USA announced Friday that it has signed an agreement for the sale of its gypsum wallboard business based in Florida to US LBM. The proceeds obtained from this transaction, which will not be for a material amount, will be used mainly by Cemex USA’s affiliates for debt reduction and for general corporate purposes. The transaction is expected to be completed by end-2015. Bank of America Merrill Lynch and Citigroup acted as financial advisors to Cemex in this transaction. |