Cement News tagged under: Cemex
Cemex to invest US$7m in San Pedro de Macoris09 March 2015, Published under Cement NewsCemex is investing DOP315m (US$7m) in a new packing and palletising line at its San Pedro de Macoris plant, Dominican Republic, to increase capacity and cover market demand for the next five years. In addition, the company will also carry out an upgrade to one of the works’ mills. This will allow the company to increase output and ensure a greater continuity of operation. Cemex is also investing MXN256.5m in 50 concrete mixing trucks. |
New appointments at Cemex09 March 2015, Published under Cement NewsMartin Langvad has been appointed as vice president of cement operations and technology (northern Europe). Mr Langvad has worked for Cemex for 19 years and has more than 30 years of experience in the cement industry. With the reorganisation of Cemex in Germany, he has taken over responsibility for cement production in the UK and will continue to be the head of the Northern Europe cement operations. Philip Baynes-Clarke has taken over responsibility as plant director at the Rugby cement plan... |
Cemex creates Cemex Energia20 February 2015, Published under Cement NewsCemex announced today the creation of Cemex Energia, an energy division that aims to develop a portfolio of power projects that will supply about 3-5 per cent of Mexico's electricity needs over the next five years. “We are very enthusiastic about Mexico’s energy sector future, and we will leverage on our experience in developing projects that benefit the country,” said Fernando A Gonzalez, CEO of Cemex. First milestone The first milestone achieved by the new unit is the signing of a jo... |
Cemex may sell parts of business to pay down debt11 February 2015, Published under Cement NewsCemex could sell part of its business in northern Europe, the Mediterranean and Asia as it seeks to pay down debt, the company’s CEO told Reuters on Tuesday. Fernando Gonzalez said the firm could also sell 5-10 per cent of its subsidiary Cemex Latam Holdings, and set aside half of its earnings from asset sales to lower its debt burden. In addition to streamlining the asset portfolio and cutting debt and costs, the measures are aimed at stepping up efforts to recover its ratings in 2015. Th... |
Cemex’ US EBITDA rises by 65% and trading loss almost eliminated06 February 2015, Published under Cement NewsCemex' turnover improved by 3.2 per cent in 2014 to US$15,708.5m and the EBITDA advanced by 3.7 per cent to US$2740.5m, while the trading profit rose by 12.3 per cent to US$1275.6m. The net interest charge rose yet again and was up by 4.3 per cent to US$1608.4m, while the pre-tax loss was reduced by 53.2 per cent to US$124m and the net attributable loss emerged 39.8 per cent lower at US$507.3m. Net debt, including perpetual notes, declined by 6.7 per cent during the year to US$16,291... |
Cemex LatAm 2014 turnover declines, consolidated sales rise05 February 2015, Published under Cement NewsCemex Latin American Holdings saw turnover decline by 1.4 per cent to US$1725m during 2014 and EBITDA decline by 8.84 per cent to US$577m with the margin declining from 36.2 to 33.5 per cent. The trading profit came down by 7.9 per cent to US$478.4m and after a 20.5 per cent drop in financial expenses to US$90.4m and other items, the pre-tax profit did improve by 4.1 per cent to US$419.1m. After tax and minorities, the net attributable profit emerged 3.5 per cent ahead at US$273.4m. The n... |
Cemex02 February 2015, Published under Cement NewsCemex completed the purchase Holcim’s activities in the Czech Republic and two of Holcim’s Spanish cement works and its sale of its cement, concrete and aggregates assets in western Germany along with 59 batching plants in Germany and six in The Netherlands. |
Holcim02 February 2015, Published under Cement NewsHolcim completed the purchase of Cemex’ cement and aggregates assets in western Germany along with 59 batching plants in Germany and a further six in The Netherlands, while disposing of its activities in the Czech Republic and two of its Spanish cement works. Holcim is negotiating to sell most of its assets in France and all of its assets in Slovakia, Hungary, Serbia and Canada as well as certain assets in Brazil and the Trident cement works in Montana and certain terminals in the Great L... |
Young talent joins Cemex UK29 January 2015, Published under Cement NewsA new cohort of trainees has started at Cemex UK, bringing young people and new talent into the construction and building materials industry. Six trainee quarry managers, three external candidates with engineering degrees and three internal with relevant qualifications from within Cemex, have completed their business familiarisation programme and are about to start a six week rotation programme visiting a key aggregate site each week. Following the rotation the trainees will be based withi... |
Nine Cemex USA sites recognised by Wildlife Habitat Council20 January 2015, Published under Cement NewsNine Cemex USA sites received certifications through the Wildlife Habitat Council’s (WHC) Corporate Lands for Learning and Wildlife at Work Programs. Corporate Lands for Learning Program Certifications The Corporate Lands for Learning certification recognises programs for their exemplary conservation education and outreach opportunities provided to their local communities. Four of the sites were recertified with WHC’s Corporate Lands for Learning (CLL) program, including 474 Sand Mine (F... |