Cement News tagged under: Cemex
SUEZ and Cemex launch new SRF facility, UK21 September 2015, Published under Cement NewsCemex and international recycling and waste management company SUEZ have launched a new Solid Recovered Fuel (SRF) facility which will supply the Rugby cement plant in the UK with high-specification alternative fuel for the next 25 years. Fernando A Gonzalez, CEO of Cemex and Jean-Marc Boursier, senior executive VP of SUEZ in charge of the Recycling and Waste Recovery division for Europe, along with Richard Dodd, Mayor of Rugby, officially opened the new facility on Friday. The SRF faci... |
Colombia: Cemex invests MXN1.20bn in social projects21 September 2015, Published under Cement NewsCemex has confirmed an allocation of MXN1.20bn (US$71.27m) to social initiatives in Colombia. The company stated that part of the resources were invested in infrastructure works and admitted that it celebrates frequent meetings with community representatives to determine its environmental and social responsibility projects according to their needs. Cemex also holds an agreement with the international development cooperation society (SOCODEVI), which helps improve competitiveness of cocoa... |
Cemex inaugurates grinding mill in Nicaragua28 August 2015, Published under Cement NewsCemex announced today that its subsidiary Cemex Latam Holdings, SA has completed the construction of the first phase of a new cement grinding plant in Ciudad Sandino, Managua. CLH invested approximately US$30m for infrastructure procurement and the installation of the first cement grinding mill, with a capacity of approximately 220,000tpa.. The inauguration ceremony took place yesterday at the new facility and was attended by the President of Nicaragua, Daniel Ortega, and the Chief Executi... |
Cemex included in Fortune’s Change the World list21 August 2015, Published under Cement NewsCemex announced it has been included in Fortune’s Change the World list, a ranking that recognises 50 companies worldwide that have made a sizable impact on major global social or environmental problems as part of their competitive strategy. In the 16th place, Cemex is the only Latin-American based company included and the only company from the construction materials sector. Cemex has been selected among over 200 nominees, thanks to its Patrimonio Hoy program. The goal of this acknowledgem... |
Cemex announces divestment of operations in Austria, Hungary and Croatia12 August 2015, Published under Cement NewsCemex announced today that it has signed an agreement for the sale of its operations in Austria and Hungary to the Rohrdorfer Group for approximately EUR160.1m. The Austrian operations consist of 24 aggregate quarries (approximately 6.47Mt of aggregates sold in 2014) and 34 ready-mix plants (approximately 1.60Mm 3 of ready-mix sold in 2014). Cemex’s operations in Austria had net sales of approximately US$241m in 2014. The Hungarian operations being divested consist of five aggregate qua... |
The Cemex way: a Roundtable12 August 2015, Published under Cement NewsCemex’s growth story is the focus of a new strategy + business 1 roundtable discussion involving six Cemex leaders and moderated by Thomas A Stewart. Excerpts from these talks offer an insight into how the Mexican company has evolved from a local cement producer in an emerging market to a global building materials solutions provider by cultivating world-class capabilities. By Thomas A Stewart, National Center for the Middle Market at Ohio State University, USA. Cemex participated in ... |
Cemex completes refinancing of its 2012 facilities agreement04 August 2015, Published under Cement NewsCemex announced yesterday that it has fully repaid the total amount outstanding of approximately US$1.94bn under the facilities agreement dated 17 September 2012, as amended from time to time, with new funds from 17 financial institutions. These lenders have joined the credit agreement dated 29 September 2014, as amended (the Credit Agreement) under new tranches, allowing Cemex to increase the average life of its syndicated bank debt to approximately four years. Other financial institutions ... |
Cemex 2Q like-for-like net sales up 5%23 July 2015, Published under Cement NewsCemex announced yesterday that consolidated net sales reached US$3.8bn during the second quarter of 2015, representing a decline of eight per cent YoY, or an increase of five per cent on a like-for-like basis for ongoing operations and adjusting for currency fluctuations. The increase was due to higher prices, in local currency terms, in most operations, as well as improved volumes in most products in Mexico, US and northern Europe and Asia regions. Operating EBITDA increased by one per ce... |
Costa Rica is the strongest performer in Cemex Latin American Holdings23 July 2015, Published under Cement NewsCemex Latin American Holdings' first-half turnover declined by 13.4 per cent to US$747.6m, while the EBITDA came off by 16.6 per cent to US$283.1m. At the trading level there was an 18.6 per cent reduction to US$191.7m. After a net interest charge 14.8 per cent lower at US$40.6m, the pre-tax profit emerged 22.9 per cent lower at US$142m. The net attributable profit fell by 32 per cent to US$82.4m. Net debt at the end of June was 8.6 per cent lower than a year earlier at US$1077m, givin... |
Cemex Dominicana increases packing and palletising capacity14 July 2015, Published under Cement NewsCemex Dominicana recently announced a US$6m investment to increase the packing and palletizing capacity of its cement plant at San Pedro de Macoris (east). It said the investment in a new cement packing unit forms part of the company’s strategic plan in the Dominican Republic in response to local market requirements, Dominican Today reports. The new unit will boost Cemex's capacity by more than 1.5m additional bags monthly, or 800,000tpa. |