Cement News tagged under: Cemex
CEMEX reveals strategy for EBITDA growth22 March 2024, Published under Cement NewsCEMEX has outlined its strategy to achieve high single-digit EBITDA growth in the medium term. According to the company, since 2020 it has focussed on rebalancing its portfolio towards the US, increasing its percentage of EBITDA contribution from 24 to 29 per cent. CEMEX now intends to increase this to 40 per cent by expanding its growth capex and investing divestment proceeds to the region. Speaking at an investor day in New York, Fernando A González, CEO at CEMEX, said that the focus... |
CEMEX signs decarbonisation collaboration with White Summit Capital20 March 2024, Published under Cement NewsCEMEX has entered into a collaboration with specialised energy transition infrastructure investor and manager White Summit Capital to develop projects across its European operations that will contribute to CEMEX’s 2050 net-zero objectives. The envisaged partnership will focus on two key pillars of CEMEX’s Future in Action strategy: Decarbonising our Operations (for instance by reducing clinker factor, optimising fuel mix, increasing clean electricity, reducing transport emissions), and ... |
DCMI in talks to acquire CEMEX Holdings Philippines18 March 2024, Published under Cement NewsPhilippines-based D M Consunji Inc (DCMI), an engineering-based construction firm, is looking to expand into the cement business with the potential acquisition of CEMEX Holdings Philippines (CHP). According to The Philippine Star, the acquisition is seen as benefitting DCMI as cement is a key input in some of its major businesses. It could also help mange the costs of its property arm. Although there has been no confirmation of when a deal could be completed, both DCMI and CHP are repo... |
CEMEX to use solar power for Caracolito plant15 March 2024, Published under Cement NewsCEMEX Colombia will source 42,865MWh of electricity per year for its Caracolita plant in Colima from Celsia's new 19.9MWac solar farm in Ibague upon commissioning of the new solar farm. The alternative power source will replace 25 per cent of the cement plant's electricity. "[S]upplying our main cement plant in Colombia with solar energy will be a decisive step in our strategy to take advantage of renewable sources for cement production in Colombia,” said Alejandro Ramirez, president of Ce... |
S&P upgrades CEMEX's credit rating15 March 2024, Published under Cement NewsRating agency Standard & Poor’s (S&P) has upgraded CEMEX ’s long-term global scale issuer credit rating to Investment Grade (BBB-) due to its strong financial and operating performance, deleveraging strategy, and flexible capital allocation. “Achieving an investment-grade credit rating from S&P is a very important milestone for CEMEX,” said Fernando A González, CEO of CEMEX. “While we had record results last year, this rating is recognition of successful execution against our medium-te... |
CEMEX Croatia awarded contracts for three solar power plant projects14 March 2024, Published under Cement NewsCEMEX Croatia has been awarded EUR5m (US$5.5m) in contracts for the construction of three solar power plants, co-funded by The Environmental Protection and Energy Efficiency Fund and the EU Modernisation Fund. The project will see solar energy production facilities built at Juraj cement plant in Kaštel Sućurac, Kajo cement plant in Solin and the Podsused facility in Zagreb. Approximately EUR3m of the funding will be supplied by the EU. The goal of this project is to equip the roofs ... |
CEMEX Holding Philippines addresses plastic waste14 March 2024, Published under Cement NewsCEMEX Holdings Philippines Inc has teamed up with Liwayway Marketing Corp to address the management of plastic waste in the Philippines. Under the deal, Liwayway Marketing Corp, the country’s leading snack food supplier, will be channeling its post-consumer plastic packaging waste to CEMEX’s Solid cement plant for co-processing. The plastic waste will then be converted into alternative fuels and raw materials cement production at the plant. “At CEMEX, we are committed to solving envi... |
Mexico’s green wave05 March 2024, Published under Cement NewsThe decarbonisation message has resonated in Mexico where the cement industry has grasped the opportunity to become a leader in sustainable cement production. Infrastructure is benefitting from low-carbon cement solutions while cement companies invest in making their operations more sustainable. By ICR Research, UK. Mexico’s cement industry is tapping into the decarbonisation drive of the global cement industry, looking to reduce its carbon footprint (Pictured: Cementos Moctezuma’s... |
CEMEX pioneers micronisation for decarbonised cement01 March 2024, Published under Cement NewsCEMEX is decreasing CO 2 emissions in cement production by reducing the size of clinker particles. This process, called micronisation, when combined with the use of proprietary admixtures, allows cement to significantly reduce its clinker factor per tonne of cement, thereby minimising its carbon footprint. Additionally, clinker micronisation has the added feature of maintaining the specified development strength required by the highest global cement standards. CEMEX's clinker micronisa... |
CEMEX to add a new tertiary mill at Alicante23 February 2024, Published under Cement NewsCEMEX's plant in Alicante in Spain embarks on a significant environmental initiative, launching a new tertiary mill project, "Molentis," with a EUR6m investment aimed at reducing CO 2 emissions. The "Molentis" project, part of CEMEX 's "Future in Action" decarbonisation strategy, is scheduled to commence operations in the 1Q25, this initiative is supported by a EUR4.4m grant from the Ministry of Industry, Energy and Tourism's Innovation and Sustainability Plan in the Manufacturing Ind... |