Cement News tagged under: Central America
CEMEX España enters CCU agreement with ETFuels27 February 2023, Published under Cement NewsCEMEX España has signed an agreement with the green fuel producer ETFuels to transform CO 2 from the CEMEX cement plant in Alicante , Spain, into green fuels. Under the agreement, ETFuels will combine up to 450,000tpa of captured CO 2 with green hydrogen to produce more sustainable fuels in the form of green methanol (e-methanol). “Our goal of reaching zero net CO 2 emissions is achievable, and will be driven by collaboration and innovation,” said Fernando González-Olivieri, CEO, ... |
Corporacion Moctezuma 2022 net profit slips 3%27 February 2023, Published under Cement NewsCorporación Moctezuma posted a 14.5 per cent YoY growth in revenues to MXN4368.7m (US$237.3m) in the fourth quarter of 2022. The company reported EBITDA of MXN1677.8m in the 4Q22, representing a YoY increase of 17.5 per cent from MXN1427.6m. Net profit in the 4Q22 advanced 11.3 per cent YoY to MCN1099.1m from MXN987.1m in the equivalent period of the previous year. The volatility of the Mexican peso-US dollar exchange rate impacted the results with the peso appreciating against the doll... |
El Salvador sees increase in Portland cement price16 February 2023, Published under Cement NewsAverage bagged cement prices in El Salvador saw YoY increases in January 2023, according to the country’s construction chamber, CASALCO. The price of a 42.5kg bag of Portland cement for ex-works delivery increased 6.1 per cent US$8.58 in January 2023 from US$8.09 in January 2022. At retail level, the price of the same bag increased by 3.7 per cent YoY to US$9.16 from US$8.83 in January 2022. |
CEMEX links ARS programmes to sustainability goals09 February 2023, Published under Cement NewsCEMEX has announced that all its accounts receivable securitisation (ARS) programmes are now linked to CEMEX’s sustainability-linked financing framework, which is aligned to the company’s ambitious sustainability goals within its Future in Action programme. The framework references three climate action KPIs: net CO 2 emissions per ton of cementitious material; power consumption from clean energy sources in cement; and alternative fuels rate. The annual performance in these metrics... |
Holcim and Geocycle accelerate green growth03 February 2023, Published under Cement NewsGeocycle and Holcim have been paving the way for using low-carbon alternative fuels to reduce carbon emissions and divert industrial by-product waste from landfill. The US and Canada, in particular, have seen major developments from recent new investment by Holcim and Geocycle. In 2022 Geocycle LLC, a wholly-owned subsidiary of Holcim (US) Inc, claims that it prevented approximately 1.7Mt of waste in the USA going to landfill. It has targeted the provision of finding sustainable solutions... |
GCC reports 7% EBITDA increase in 202201 February 2023, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) reported net sales of US$289.7m in the October-December 2022 period, representing an increase of 12.3 per cent when compared with the 4Q21, according to the company’s filing to the Mexican stock exchange, BMV. It also posted EBITDA of US$91.3m in 4Q22, up 12.7 per cent YoY. Net profit increased by 70.4 per cent to US$51.3m in the 4Q22 when compared with the 4Q21. The cement producer attributed the increase to a rise in cement and concrete prices of 16.2... |
US Portland and blended cement shipments up 4% in 11M2230 January 2023, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico slipped to 9.3Mt in November 2022 when compared with November 2021, according to the US Geological Survey (USGS). The leading cement-consuming states were Texas, California, Florida, Ohio and Georgia, which accounted together for 35.9 per cent of total shipments in the month. The leading producing states for Portland and blended cement were Missouri, Texas, California, Michigan and Florida, which ... |
Puerto Rican cement sales decline 7% in 202225 January 2023, Published under Cement NewsCement sales in Puerto Rico fell by 6.8 per cent YoY in 2022 to 14.5m bags of 42.6kg, or 618,247t, according to the Puerto Rican Statistics Institute. It is the first decline since 2019. In 2021 cement sales reached their peak since eight years. However, in June they started to fall and this trend was maintained until December 2022, when they decreased by 3.4 per cent. Cement production advanced 11.6 per cent YoY in 2022 to 8.3m bags, or 353,893t. It is the first increase in four years. ... |
CEMEX launches Bio-sourced admixture range16 January 2023, Published under Cement NewsCEMEX has launched of a new range of bio-sourced admixtures designed for a reduced carbon footprint. These admixtures use natural, renewable and locally-sourced raw materials and may achieve a carbon footprint up to 70 per cent lower than traditional oil-based admixtures. Thanks to a unique production process, CEMEX’s admixtures are the first in the building materials industry to deliver these attributes while utilising bio-based raw materials, claims the company. The new range of admixtu... |
US market expands in October 202212 January 2023, Published under Cement NewsShipments of Portland and blended cement, including imports, in the USA and Puerto Rico increased by 8.8 per cent YoY to 10.7Mt in October 2022, according to the US Geological Survey (USGS). The top five cement-consuming states were Texas, California, Florida, Illinois and Ohio. They received 36.5 per cent of October shipments.The leading producing states were Missouri, Texas, California, Michigan and Florida – they accounted for 39.1 per cent of cement produced. Masonry cement shipments t... |