Cement News tagged under: Cemex
Cemex secures contract to supply concrete for Shetland Gas project28 May 2012, Published under Cement NewsThe first batch of concrete from CEMEX UK has been delivered for the construction of a new UK£500m onshore gas plant in the Shetland Islands. The contract, providing over 25,000m3 over 12 months, was awarded by Morrison Construction, Galliford Try’s Scottish construction business. The Cemex solution to providing concrete in one of the remotest parts of Britain is the erection of a mobile plant on site, modified to deal with the anticipated cold weather, and the complex logistics co-ordinati... |
Spanish cement woes continue28 May 2012, Published under Cement NewsSpanish cement consumption continues its downward spiral with latest data showing monthly figures hitting a 46-year low as budget austerity and high unemployment continue to inhibit activity. Depressed volumes are now forcing local producers to initiate restructuring and cost-cutting measures as the bottom of the decline is yet to be seen. Following the spectacular burst of the Spanish housing bubble in 1998, the country's residential sector has faced high housing inventory levels and a l... |
Cemex to supply cement for Central America’s first Metro system25 May 2012, Published under Cement NewsCemex announced today that it is supplying nearly 100,000t of cement for the construction of Line 1 of the Panama Metro, a stretch of approximately 14km that is intended to connect two key hubs of the metropolitan area of Panama City. With this project, Panama would become the first country in Central America with a Metro system. The Metro line will be both above and below ground and will require the construction of tunnels, trenches, and viaducts, as well as the railway. The Metro line wil... |
Cemex UK's Barrington plant to be demolished04 May 2012, Published under Cement NewsCemex UK confirms that it will not be bringing its cement plant at Barrington, Cambridgeshire back into production, but is moving to a phased demolition of the facility. Originally mothballed in November 2008, Cemex UK has concluded there is no economic case to re-start production. Commenting on the decision, Jesus Gonzalez, president Cemex UK operations said: "Regrettably we have come to the irreversible decision that Barrington Cement plant will not be bought back into production. Thi... |
Cemex03 May 2012, Published under Cement NewsCemex' first quarter turnover increased by 3.5% to US$3,502.6m and the EBITDA improved by 6.5% to US$567.3m. The trading profit continued to recover strongly and rose by 33.9% to US$240.4m. The net interest charge rose by 6.9% to US$338.5m and other financial items produced a substantial positive swing leading to a US$63.4m a pre-tax profit, compared with a loss of US$103.0m a year earlier. The effective net debt was 2% lower at US$17,158m, helped by a 58.2% reduction in perpetual notes out... |
South & Central America drive Cemex higher27 April 2012, Published under Cement NewsCemex’ first quarter turnover was up by 3.5 per cent to US$3502.6m and the EBITDA improved by 6.5 per cent to US$567.3m. The trading profit continued to recover strongly and rose by 33.9 per cent to US$240.4m. Fernando A Gonzalez, Executive Vice President of Finance and Administration, said, "The favorable performance in most of our regions leads us to believe that we are in the initial stages of a turnaround. "This is the sixth consecutive quarter of top-line growth in o... |
Mexico's Cemex seen posting narrower quarterly loss25 April 2012, Published under Cement NewsCemex is expected to cut its first-quarter losses by more than half from a year ago, helped by higher sales and a strong share price gain during the period. A Reuters poll among seven analysts showed Cemex would likely post a net loss of US$112m in the January-to-March period, compared with a loss of US$276m in the 1Q11. Quarterly sales are expected to have grown 3.7% due to stronger demand from the United States, Cemex's top market outside Mexico, and higher prices in that market. Euro... |
UK: Cemex teams up with SITA to produce RDF23 April 2012, Published under Cement NewsCemex UK has joined forces with SITA UK to produce all the refuse-derived fuel (RDF) to fire its Rugby cement kiln. SITA UK will build two recycling plants that will produce Cemex’s Climafuel brand of RDF from local residual household and business waste. Under the terms of the deal, SITA UK will be responsible for building and operating the plants – one in Birmingham, and another on land adjacent to the Rugby cement plant. The processing will involve sorting and shredding of material. ... |
Cemex nearer to alternative fuel permit, USA09 April 2012, Published under Cement NewsCemex is a step closer to using alternative fuels at Kiln No 2 of its Brooksville South plant with the Florida Department of Environmental Protection (FDEP) reportedly poised to grant the company the necessary permit. Cemex has been testing some of the fuels in the kiln on a temporary permit since last year, said company spokeswoman Sara Engdahl. "Cemex is pleased with the FDEP's support of our successful alternative fuels program at Brooksville," Ms Engdahl said. "Our innovative alter... |
Readymix agrees to Cemex buy-out offer, Ireland09 April 2012, Published under Cement NewsShareholders of Irish cement maker Readymix have voted to sell the 38 per cent share of the company not owned by Cemex to the Mexican cement major. At a meeting to vote on the deal, some 97.56 per cent of shareholders agreed to the 25 cents per share offer which had been increased from 22 cents per share. Readymix will now apply to the High Court to confirm the date for the court hearing to sanction the scheme. It is expected that the court hearing will be held on May 8. Cemex made an ... |