Cement News tagged under: Cemex
Cemex sees 9% increase in 3Q12 operating EBITDA05 October 2012, Published under Cement NewsCemex said on Thursday it expects to report a nine per cent rise in operating cash flow in the third quarter of 2012, compared with the year-earlier period, although sales in dollar terms are expected to be down about two per cent. This is Cemex’s first results guidance in more than three years. The Mexican cement major said that adjusted for currency swings, sales in the third quarter were probably up three per cent from a year earlier, and EBITDA was likely 13 per cent higher. The res... |
SITA UK to supply solid recovered fuel (SRF) to Cemex in Latvia01 October 2012, Published under Cement NewsRecycling and resource management company, SITA UK, has signed a three-year contract to supply 180,000t of solid recovered fuel to Cemex in Latvia. The fuel will be produced by processing residual commercial waste in a new, purpose-built facility at Ridham Docks in Kent. Once processed, the solid recovered fuel material will be used as a fossil-fuel replacement at Cemex’s cement production facility in Broceni, southern Latvia. Speaking about the contract, Andy Hill, Organics and Altern... |
Cemex launches Fortium ICF26 September 2012, Published under Cement NewsCemex announced the US launch Fortium ICF, a new construction material specifically engineered to reduce the time and material needed to build vertical concrete wall systems, such as Insulated Concrete Form (ICF) building envelopes, while providing substantial savings in long term maintenance and energy costs. Fortium ICF employs cutting-edge advancements in mineralogy and nanotechnology to improve the performance of concrete at a microscopic level, and eliminates fully up to 75 per cent ... |
Govt to appeal court order Assiut Cement renationalisation, Egypt19 September 2012, Published under Cement NewsThe Egyptian government plans to file an appeal against a Thursday court ruling renationalising Assiut Cement, Industry and Foreign Trade Minister Hatem Saleh told Ahram Online on Tuesday. Since its privatisation in 1999, Assiut Cement has been 95.8 per cent owned by Cemex. On the sidelines of Tuesday's Egyptian National Competitiveness Conference, Saleh said the government would grant seven new licenses for Egypt-based cement companies once ongoing energy shortfalls were resolved. (... |
Cemex to increase Philippine capacity18 September 2012, Published under Cement NewsCemex announced today that it is planning to expand the cement production capacity of its APO plant in the Philippines by 1.5Mta. Through an investment of approximately US$65m, the company will increase production and strengthen its distribution network to better serve high-demand areas throughout the country. The increase is expected to be operational by the first quarter of 2014. With this new investment, Cemex will keep pace with the Philippines market’s rapid growth. The country regist... |
Cemex completes refinancing deal, Mexico18 September 2012, Published under Cement NewsCemex said on Monday it has completed its plan to refinance US$7.2bn of debt and push back maturities by up to four years. Last week, the company and nearly all of its creditors finally settled on a new agreement that includes a debt swap, a US$1bn prepayment in March 2013, some asset sales, and revised financial covenants. Participating creditors will now receive about US$6.16bn in a combination of new loans and new dollar private placement notes, plus US$500m of new, high-yield notes ... |
Court ruling threatens to nullify Cemex stake in Assuit, Egypt14 September 2012, Published under Cement NewsCemex said on Thursday its Egyptian unit Assiut Cement Co has learned of a preliminary ruling by a court in Egypt that could nullify the agreement under which Cemex bought a majority stake in the company more than a decade ago, Dow Jones Global Equities News reports. Assiut Cement is fighting the decision. It will continue to operate as usual, Cemex said in a statement to the Mexican Stock Exchange. Cemex bought its stake in Assiut from Metallurgical Industries Co., a state-run Egyptian ... |
Cemex clears refinancing deal, considers asset sales11 September 2012, Published under Cement NewsCemex will extend maturities of bank loans by three years after its restructuring offer won acceptance from creditors holding 92.6 per cent of the debt. The offer had to be accepted by 91 per cent of creditors to go through after the threshold was lowered from an initial 95 per cent, and the transaction is expected to become effective in the following weeks, the company said in a statement. Cemex plans to sell US$500 of new 9.5 per cent senior notes due in 2018 as part of the exchange. ... |
Cementos Blancos leases Azuara plant to Cemex, Spain05 September 2012, Published under Cement NewsSpanish cement producer Cementos Blancos de Aragon (CBA) has signed an agreement to lease its plant in Azuara to Cemex, according to local press reports. Through the move, CBA aims to repay EUR30m syndicated loan to a pool of banks including La Caixa Banco Popular and Banco Sabadell. Cemex, meanwhile, intends to relocate the plant’s equipment to its other production facilities in Spain, sources told Cinco Dias. The newspaper also reported that Cemex is set to announce this week a do... |
Cemex focuses spotlight on Colombia28 August 2012, Published under Cement NewsEarlier this week Cemex announced that its Cemex España subsidiary, Cemex Latam Holdings, presented an application to the Superintendencia Financiera de Colombia to list its shares on the Colombian stock exchange and to offer a minority of Cemex Latam’s shares in a public offering to investors in Colombia and in a concurrent private placement, to eligible investors outside of Colombia. The offer includes all of Cemex's assets in Central and South America but excludes Mexico. The move comes a... |