Cement News tagged under: Cemex
Cemex to pay US$1m to settle Clean Air Act fine, USA22 April 2013, Published under Cement NewsCemex is to pay a US$1m civil penalty and install US$600,000 worth of new pollution control equipment at its Lyons plant in Colorado, to settle alleged violations of the Clean Air Act, according to the US Department of Justice and the Environmental Protection Agency. The complaint centered on changes made at the Lyons plant between 1997 and 2000, when it was owned by Southdown. "Today's settlement will reduce harmful emissions of nitrogen oxides, which can have serious impacts on respir... |
Cemex in alternative fuels study agreement10 April 2013, Published under Cement NewsCemex announced today a collaboration agreement with the Earth Engineering Center (EEC) at Columbia University and City College of New York in which EEC will conduct a year-long study of the life cycle effects of using alternative fuels in cement manufacturing. This study will result in a better understanding of the role that alternative fuels play in society and the environment. “This collaboration with EEC underscores the urgency of searching for alternative fuels given the continuing ri... |
DTI probes Philippine cement price hike09 April 2013, Published under Cement NewsThe Department of Trade and Industry (DTI) has asked Philippine cement manufacturers to explain why prices have risen from a year ago and are above the suggested retail price (SRP). Trade undersecretary Zenaida Maglaya cited Holcim Philippines Inc which has raised its selling price to PHP218/bag (US$5.3) from PHP195 (US$4.7) last year. Similarly, Lafarge Republic and Cemex both raised their selling prices to PHP220/bag from PHP205 and PHP195/bag, respectively, Maglaya told reporters afte... |
Cemex prices US$600m in notes, Mexico15 March 2013, Published under Cement NewsCemex on Thursday priced six-year secured notes for US$600m to pay down debt. The notes, due 2019, to be issued at par, will pay annual interest of 5.875 per cent and will be callable after three years. It expects the sale to close on 25 March, the Mexican cement major said in a statement. The company plans to use about US$55m to pay off a 2009 financing agreement and the rest for other purposes including reducing additional debt. Meanwhile, Cemex invited holders of around EUR430m in... |
Cemex to supply new hydroelectric plant and tidal barrage in the Nile River11 March 2013, Published under Cement NewsCemex in Egypt is supplying cement for the construction of a new tidal barrage and hydroelectric power plant in the Nile River that is expected to generate 32MW of energy and also improve the irrigation to a landmass of about 1.6 million acres large, the equivalent to eight times the area of New York City. This project, funded by the Egyptian government, is expected to improve navigation in the Nile and provide water and clean, renewable energy to the five neighbouring cities of Assiut, M... |
Cemex details plans to raise EBITDA to US$4.7bn by 201615 February 2013, Published under Cement NewsAt its 2013 Cemex Day, Cemex set out its ambitious target to increase its EBITDA from US$2.6bn in 2012 to US$4.7bn in 2016 as the company charts its recovery. The plans of the Mexico-based cement major are supported by three main pillars. Firstly, a recovery in volumes accounts for US$1.4bn of the advance. In addition, Cemex intends to be more disciplined on pricing in future, budgeting a US$1bn price increase over variable cost rises and restrict the advances in fixed costs to US$0.3bn duri... |
Cemex full-year turnover eases, EBITDA improves08 February 2013, Published under Cement NewsCemex has reported its full-year 2012 results which show decline in turnover but advance in EBITDA. Net debt is reduced but interest charge and gearing rise. Cemex' turnover eased by 1.5 per cent in 2012 to US$14,983.8m, but EBITDA did improve by 10.2 per cent to US$2614.7m and the trading profit advanced by 35.3 per cent to US$1308m, having recovered by 12.2 per cent in the previous year from its low point. The net interest charge continued to rise and was ahead by five per cent to US$14... |
Cemex Lat'Am publishes 2012 results07 February 2013, Published under Cement NewsAs a result of the flotation of a minority stake in the Central and South American operations of Cemex, Cemex Latin American Holdings' 2012 results have just been published for the first time, on the eve of the parent company's annual results announcement. The pro forma figures show a 25.4 per cent increase in turnover to US$1591.7m and an EBITDA advancing by 44.4 per cent to US$547.5m as the margin increased from 29.9 per cent to 34.4 per cent. The trading profit showed a 55.3 per cent a... |
Cemex expected to narrow fourth-quarter loss06 February 2013, Published under Cement NewsCemex is expected to narrow its net loss in the fourth-quarter of 2012 from a year earlier, helped by improved performance in its main US market and cost reduction. A Reuters poll showed six analysts on average forecast that Cemex lost US$47m in the October-December period, compared with a net loss of US$146m in the same period of 2011. Analysts' forecasts ranged from earnings of US$77m to a loss of US$134m. |
Cemex awards CCTV order to VUE, UK25 January 2013, Published under Cement NewsUK-based vehicle CCTV firm, VUE, has won a contract to supply vehicle CCTV systems to Cemex UK, as part of the company’s ‘Cyclist safety’ strategy. Cemex operates more than 400 vehicles which transport cement, aggregates and ready-mixed concrete. The company has been playing a leading role in improving safety awareness among cyclists and has made numerous safety improvements to its fleet of vehicles, including additional signage, mirrors and proximity sensors. The latest phase o... |