Cement News tagged under: Cemex
Cemex improves first-quarter trading profit24 April 2015, Published under Cement NewsCemex' first-quarter turnover declined by 5.3 per cent to US$3399.87m, but EBITDA did improve by 6.3 per cent to US$568.54m. Helped by a 12.7 per cent reduction in the depreciation and amortisation charge, the trading profit rose by 25.3 per cent to US$335.32m. The net interest charge declined by 15.3 per cent to US$338.08m, to give an 82 per cent drop in the pre-tax loss from US$167.88m to US$30.86m. The effective net debt was 3.4 per cent lower at US$15,769m, of which 86 per cent was in... |
Cemex Latin American Holdings held back by weaker cement sales in Colombia24 April 2015, Published under Cement NewsCemex Latin American Holdings' turnover declined by 16.3 per cent in first quarter of the year to US$353.8m and EBITDA fell by 20.3 per cent to US$112.4m. At the trading level there was a 23.6 per cent reduction to US$90.2m. After an interest charge 15.6 per cent lower at US$20.6m and other items, the pre-tax profit declined by 23.3 per cent to US$72.3m and the net attributable profit came off by 19.8 per cent to US$43.8m. Net debt at the end of March was 8.8 per cent lower than a year ea... |
Cemex first company in UK to trial new Mercedes-Benz Econic tipper24 April 2015, Published under Cement NewsCemex is the first company in the UK to operate and trial the new Econic tipper, designed by Mercedes-Benz to provide the driver with an unrivalled field of vision. ”It’s clear to see that this revolutionary design, giving more than 90 per cent extra visibility* can help prevent incidents and save lives on our busy urban roads, particularly those of cyclists,” comments Matthew Wild, Vice President Cement Commercial, Logistics and Building Products. The three key features that give the exce... |
Benefits of Cemex Patrimonio Hoy initiative22 April 2015, Published under Cement NewsCemex has announced that a total of 1800 families in Dominican Republic have benefitted from its Patrimonio Hoy self-build scheme whereby the company helps improve the quality of life of families by helping them carry out home improvements. As part of this programme, these families receive building materials at affordable prices. Moreover, they also receive technical support and training from Cemex's experts. The initiative has also had a direct positive impact on around 7200 people in th... |
Cemex to bring forward Caracolito expansion, Colombia07 April 2015, Published under Cement NewsCemex is bringing forward the expansion of Caracolito plant in Colombia, the corporate affairs vice-president of the company’s Mexican division has said. Daniel Suarez told local news that the project consists of the expansion of the existing quarry with an additional 11ha, a complete reconstruction of the kilns and the replacement of air filters. Encouraged by the positive outlook and business environment in Colombia, Cemex also building a new US$340m cement works in Antioquia. The firs... |
ACCIONA Energía wins IADB award for Cemex Eurus wind farm project07 April 2015, Published under Cement NewsACCIONA Energía has won the Infraestructura 360º prize awarded by the Inter-American Development Bank (IADB) for the sustainability of its infrastructure projects implemented in the Latin America/Caribbean area. The winning project was the Eurus wind farm, built and operated by ACCIONA Energía México as a self-supply project for Cemex. The jury particularly highlighted its positive impact on the quality of life of the surrounding community. The award, granted in the modality of Población y... |
Cemex to supply state-of-the-art transit systems in California Bay area, USA27 March 2015, Published under Cement NewsCemex is to supply structural concrete on two massive, state-of-the-art transit systems in the California Bay Area which, upon completion, are expected to serve more than 61 million people every year. Between 2000 and 2030, 1.25 million new vehicles are expected to enter the Northern California Bay Area -- a 31.5 per cent increase over 30 years. In response, cities and local transportation agencies are providing much needed alternatives for commuters through the construction of new, state-o... |
Terex completes Cemex refurbishment and upgrade of a Demag crane system26 March 2015, Published under Cement NewsTerex Material Handling’s Demag Service team has completed a major refurbishment and upgrade of a Demag crane system at the Cemex cement production facility in Rugby. The plant is Cemex’s largest UK operation, working 24/7 and outputting over 5000tpd. The 28m span, 18t SWL Demag double girder, overhead travelling crane, equipped with a 6t capacity bucket, is situated in the plant’s natural gypsum, synthetic gypsum and limestone store. Some 30 lorries per day deliver raw material, tipping it... |
Cemex launches new IUCN book in conservation series24 March 2015, Published under Cement NewsCemex yesterday announced the launch of a new book 'The IUCN Red List: 50 Years of Conservation' in the UK. This book is the latest in Cemex’s conservation book series, an initiative which dates back to 1993 and was launched following the United Nations Rio Earth Summit to help conserve the world’s natural resources. 'The IUCN Red List: 50 Years of Conservation' has been developed in partnership with the International Union for the Conservation of Nature (IUCN), which is the world's oldest ... |
Cemex aims to trim debt by US$1bn in 201518 March 2015, Published under Cement NewsCemex is aiming to cut its debt by up to US$1bn this year. The company believes it can refinance US$2.9bn in bonds at a coupon of around nine per cent this year, according to a presentation to investors. Cemex had total debt of US$16.29bn at the end of 2014. Separately, Cemex said it expected compound annual growth of four per cent in sales volumes between 2014-2016. |