Cement News tagged under: Cemex
Holcim and Cemex to swap, combine assets in Europe28 August 2013, Published under Cement NewsHolcim and Cemex have reached an agreement to conduct a series of transactions to exchange and combine assets in parts of Europe with the aim of improving synergies and boosting operating profit. Cemex increase its presence in Central Europe through the acquisition of Holcim Cesko in the Czech Republic. The deal includes one cement plant (cement and clinker capacities of 1.1Mta and 0.9Mta, respectively), four aggregate quarries and 17 ready-mix plants. Holcim said it will continue to serve... |
Cemex seeks further collaboration for housing and infrastructure projects21 August 2013, Published under Cement NewsDuring its participation in the XLVIII Inter-American and Caribbean Housing Conference, Cemex announced that it has collaborated in the development of infrastructure projects, as well as in the construction of close to 10,000 housing units. Speaking at the event in the Chilean capital Santiago, Carlos González, president of Cemex in the Dominican Republic and leader of Cemex's Infrastructure and Housing Initiative, exemplified the diverse integrated solutions that Cemex offers the market, ... |
Cemex opens new marine terminal in Norway16 August 2013, Published under Cement NewsThe southern Norwegian port of Kristiansand is now home to Cemex’s fifth marine terminal. “With this strategically-located terminal in Kristiansand we close the gap between the west and east coast of Norway, because we could not reach this geographic region by truck,” explained Andreas Rotermund, Cemex Deutschland’s commercial and logistics vice president. The first cement cargo to be unloaded at the terminal was shipped from Cemex OstZement’s Rüdersdorf works in Germany. Following the... |
Cemex launches new cement product in Mexico09 August 2013, Published under Cement NewsCemex in Mexico has introduced a new product to the market, EXTRA cement, the result of almost three years of research and development. EXTRA cement is especially designed at the molecular level to reduce cracking due to plastic contraction by up to 80 per cent during the curing periods for concrete and mortars. It also creates a more manageable mix with better integration and cohesion, according to a statement released by Cemex. The curing process begins during the first few hours af... |
Cemex announces pricing of US$1bn senior secured notes06 August 2013, Published under Cement NewsCemex announced today the pricing of US$1bn of senior secured notes denominated in US dollars. Cemex intends to use the approximately US$995m of net proceeds from the offering to purchase a portion of the 9.50 per cent Senior Secured Notes due 2016 issued by Cemex Finance LLC, and the remainder, if any, for general corporate purposes, including the repayment of other indebtedness. Cemex currently expects to purchase a portion of the 2016... |
Fitch upgrades Cemex to B+01 August 2013, Published under Cement NewsFitch upgraded its foreign and local issuer default rating of Cemex to B+ from B, the ratings agency said in a report. The upgrade is based on Cemex's improved capital structure and "the gradual improvement in the US cement market and an improving outlook for the growth in the company's EBITDA and cash flow," Fitch said. Fitch's action also takes into account the "improved confidence of the capital markets," as a result of Cemex's debt refinancing and the IPO of its Latin America subsid... |
Cemex Tilbury reaches cement production milestone, UK30 July 2013, Published under Cement NewsThe Cemex grinding and blending cement plant at Tilbury, UK, has produced its millionth tonne of cement and has also achieved an increase of 26 per cent in production, while decreasing its consumption of energy by 28 per cent since it was opened in 2009. The 1Mt of cement will make approximately 300,000m3 of concrete for use in construction projects. When it opened in 2009, Tilbury was the first plant in the country to install vertical cement mill technology which has led to energy savin... |
Cemex plants earn US Energy Star Certification29 July 2013, Published under Cement NewsCemex USA announced that five of its cement plants have earned the US Environmental Protection Agency (EPA) Energy Star Certification. The recognition of CEMEX USA’s plants in Brooksville (FL), Miami (FL), Clinchfield (GA), Fairborn (OH) and Victorville (CA), ranks these facilities as performing among the top 25 per cent of similar US facilities for energy conservation. 2013 marks the seventh consecutive year of certification for the Clinchfield plant, an achievement realised by only one ... |
Cemex expects best volume growth from USA26 July 2013, Published under Cement NewsCemex reported a slight decline in turnover for the first half of 2013, with EBITDA also down marginally but the trading profit improved by double digits. While volumes were down in the first six months, the group sees full year sales edging ahead with the USA expected to show the best advance. Cemex' first half turnover eased by 0.7 per cent to US$7322.1m and EBITDA came off by 1.7 per cent to US$1251.2m, but the trading profit improved 13.8 per cent to US$690.2m. Net interest payment... |
Cemex Latin American Holdings recovers in 2Q25 July 2013, Published under Cement NewsCemex Latin American Holdings' first-half turnover improved by 2.8 per cent to US$814m and the EBITDA rose by 12.2 per cent to US$306.4m. The increase at the trading level was a somewhat more modest 7.3 per cent to US$260.3m. After a net interest charge of US$58.8m, the pre-tax profit emerged at US$193.4m. Net debt at the end of June stood at US$1411m, giving a gearing level of 103.9 per cent. Cement shipments in the period was 1.7 per cent lower at 3.62Mt, while aggregates deliveries wer... |