Cement News tagged under: Cemex
Mannersdorf sale draws interest26 August 2014, Published under Cement NewsThe Mannersdorf cement plant in Austria, which has been put up for sale by Lafarge ahead of its proposed merger with Holcim, has drawn interest from three notable parties, the daily WirtschaftsBlatt reports. The three potential investors are Leube, Kirchdorfer group and Mexico's Cemex, with the Mexican cement major standing the biggest chances of success, the paper claims. The Mannersdorf plant in Lower Austria has a capacity of 1.3Mta and is the country's largest cement works. It forms p... |
Cemex supplying Braskem Idesa-Etileno plant, Mexico25 August 2014, Published under Cement NewsCemex is supplying 250,000m3 of a variety of specialised, ready-mix concretes for the construction of the new Braskem Idesa-Etileno XXI Plant in Veracruz, Mexico. The plant, which will produce ethylene and polyethylene, is the largest petrochemical investment in Mexico in the past 20 years. Cemex began as a supplier for this project in 2012 with the construction of the foundation. As of today, the company has delivered 80 per cent of the 250,000m3 of concrete required for the project. Eti... |
Six Cemex USA cement plants earn EPA’s Energy Star®13 August 2014, Published under Cement NewsCemex has said six of its cement manufacturing plants have earned the US Environmental Protection Agency ENERGY STAR® certification. The recognition of Cemex USA's plants in Brooksville (FL), Miami (FL), Clinchfield (GA), Fairborn (OH), Louisville (KY) and Victorville (CA) demonstrates that these facilities perform among the top 25 per cent of similar US facilities for energy conservation. This year marks the eighth consecutive year of certification for the Clinchfield plant, an achieve... |
Cemex expected to receive EU clearance for Holcim Spain assets05 August 2014, Published under Cement NewsEuropean Union antitrust regulators are expected to approve Cemex’s bid to acquire Holcim’s Spanish units without requiring concessions from the Mexican producer, a source told Reuters on Monday. Cemex has convinced the European Commission that the deal will not reduce competition in Spain, a person familiar with the matter told the news agency. Another source had previously told Reuters earlier this month that the Commission had objected to the deal. Last month the European Commission... |
EC extends deadline for Cemex decision31 July 2014, Published under Cement NewsThe European Commission has extended the deadline for its decision on whether to clear or block the deal from 5 September to 12 September 2014. A source told Reuters earlier this month that the Commission had objected to the deal after a preliminary review showed that it would significantly reduce competition in certain parts of Spain. Cemex had submitted its concessions on Monday, the EU watchdog said on its website, without providing details in line with its policy. It h... |
Cemex EBITDA margin under pressure21 July 2014, Published under Cement NewsCemex' first-half turnover improved by 5.7 per cent to US$7736.5m and the EBITDA edged ahead by 1.5 per cent to US$1269.7m, while the trading profit improved by 4.5 per cent to US$721.5m. Net interest payments rose by 15.1 per cent to US$841.4m and, after other charges, there was a pre-tax profit of US$49.2m compared with a US$118.9m loss. At the net attributable level, the loss fell by 49.1 per cent to US$220.3m. Equity shareholders' funds at the end of June declined by 2.6 per cent ... |
Cemex heading towards strong earnings rebound17 July 2014, Published under Cement NewsCemex is expected to post a significant rebound in pretax earnings for the full year, driven primarily by the US recovery and an anticipated pick-up in Mexican volumes and pricing, according to JP Morgan forecasts. In a largely positive report on Latin American cement companies, JP Morgan notes: "We like the Cemex story on the back of strong growth in EBITDA…especially from the US and Mexico. Also, growing free cash flow should help to un-leverage its balance sheet. Propelled princip... |
European Commission objects to Spanish deal14 July 2014, Published under Cement NewsThe European Commission, the antitrust regulator in Europe, has objected to plans by Cemex to acquire Spanish units held by Holcim. In August last year the two cement majors reached an agreement to conduct a series of transactions to swap and combine assets in parts of Europe with the aim of improving synergies and boosting operating profit. However, a source told Reuters last week that: "The European Commission (EC) has sent a statement of objections to the companies," referring ... |
World Cup stadium built with Cemex cement25 June 2014, Published under Cement NewsCemex participated in the construction of the Arena da Amazonia soccer stadium that has hosted several competitive opening round matches of the 2014 FIFA World Cup including England vs Italy, USA vs Portugal, and Honduras vs Switzerland in the northern city of Manaus, Brazil. Designed by the internationally recognized architectural firm of Von Gerkan, Marg and Partners (GMP), the new 170,000m2 stadium (pictured right) has the capacity for more than 43,000... |
Cemex invests in Dominican Republic operations19 June 2014, Published under Cement NewsCemex is carrying out investments DOP989m (US$22.75m) worth of investments in the Dominican Republic to improve energy efficiency as well as enhance bagging and distribution capabilities. Some DOP800m will be invested in the company’s San Pedro de Macoris cement plant, while DOP DOP189m will be spent on various activities to strengthen its business. Among the planned projects will be a waste heat generate system with a capacity of 7MW of electricity and improvements in the calcination sys... |