Cement News tagged under: Central America
CEMEX reports 2Q22 net sales growth of 11%29 July 2022, Published under Cement NewsCEMEX has announced continued solid top line growth, with second quarter net sales growing 11 per cent to US$4080m in the 2Q20. Pricing was the main driver with prices of cement, ready-mix and aggregates increasing 16,12, and 14 per cent, respectively. With a difficult second quarter 2021 comparison base, EBITDA decreased by eight per cent to US$723m, primarily due to higher energy costs and supply chain disruptions. Cemex group’s net income totalled US$265m in the 2Q22. “I a... |
Advent International partners Cemex and invests in NEORIS27 July 2022, Published under Cement NewsAdvent International is partnering with CEMEX to accelerate the growth and development of NEORIS. As a global provider of tech consultancy and digital transformation services, NEORIS will strengthen its capabilities and reach through Advent’s expertise in the space. With Advent’s support, NEORIS will deepen its focus on artificial intelligence, data science, cloud solutions, and automation, etc. These verticals are aligned with CEMEX’s priorities for its continued digital transformat... |
CEMEX Ventures invests in 3D printing company COBOD26 July 2022, Published under Cement NewsCEMEX Ventures (Cemex Group) is investing in COBOD, a global leader in construction-grade 3D printers. CEMEX and COBOD have been working together over the last year to innovate in the 3D printing space. Through this partnership, they recently introduced the first-ever 3D printing solution that utilises conventional ready-mix concrete in the building process. The solution can deliver significant savings versus traditional 3D printing construction methods and materials and has been implement... |
CEMEX to buy clean energy from Acciona for Spanish operations25 July 2022, Published under Cement NewsCEMEX will purchase clean energy from energy supplier Acciona to power its cement operations in Spain, according to the cement company. The purchase agreement ensures supply of green energy to cover 30 per cent of the cement producer’s requirements in Spain. "This agreement shows our commitment to our clean energy transition, adding to the success of similar agreements in other geographies," said Sergio Menéndez, president of CEMEX Europe, Middle East, Africa and Asia. CEMEX also sees it... |
Puerto Rican cement sales up 4% in June13 July 2022, Published under Cement NewsIn June 1.35m bags of 42.6kg,or 57,561t, were sold in Puerto Rico. This represents a 3.7 per cent increase when compared with June 2021, according to the country’s Institute of Statistics – the first increase in 13 months. When compared with June 2019, sales were up 19.6 per cent. Cement production advanced 31.5 per cent YoY in June to 860,000 bags, or 36,668t – the third consecutive increase. |
CEMEX completes bolt-on aggregates acquisition12 July 2022, Published under Cement NewsCEMEX has announced that it has completed the acquisition of a 53 per cent stake in German aggregates company ProStein. The investment expands CEMEX’s aggregates business in the region while increasing the lifespan of its aggregates reserves in Europe. The company’s aggregates sales in Germany are expected to double with the acquisition. ProStein’s assets include six active hardstone plants and six construction, demolition, and excavation waste (CDEW) recovery sites. This deal is part o... |
Holcim El Salvador starts Plants of Tomorrow technology at Maya plant07 July 2022, Published under Cement NewsHolcim El Salvador has been celebrating the opening of its state-of-the-art Maya cement plant. The Maya plant upgrade is part of the group’s 'Plants of Tomorrow' programme, one of the largest roll-outs of Industry 4.0 in the building materials industry. At Maya, the company is deploying innovative technologies for increased safety, efficiency and sustainability, including a remote plant control system, drones for kiln and tower inspections, mobile app to track production levels a... |
US-Puerto Rican Portland and blended cement market contracts 5% in April27 June 2022, Published under Cement NewsShipments of Portland and blended cement (including imports) in the USA and Puerto Rico declined by 5.3 per cent YoY to 9.2Mt in April 2022, according to the US Geological Survey (USGS). The leading cement-consuming states – Texas, California, Florida, Ohio and Georgia – accounted for 41 per cent of total shipments. The leading cement-producing states were Texas, California, Missouri, Florida and Alabama. Masonry cement shipments totalled 217,000t in April 2022, slipping from April 2021. ... |
Puerto Rican cement market expands 5% in May14 June 2022, Published under Cement NewsPuerto Rican cement sales in May 2022 declined 4.9 per cent YoY to 1.32m bags of 42.6kg, or 56,282t, according to the Puerto Rican Institute of Statistics. While the drop represents the sixth consecutive fall, sales are 8.8 per cent higher than in May 2019, before the COVID-19 pandemic. Cement production expanded 40.9 per cent in May 2022 to 32,831t, when compared with May 2021. This represents the second consecutive month of growth. In the past three years, output from the country’s cemen... |
Fitch Ratings upgrades Cemex to BB+14 June 2022, Published under Cement NewsFitch Ratings has upgraded the foreign and local currency Issuer Default Ratings (IDRs) of Cemex to 'BB+' from 'BB', its senior unsecured notes to 'BB+' from 'BB' and its subordinated hybrid issuance to 'BB-' from 'B+'. Cemex's national long-term rating is being upgraded to 'AA-(mex)' from 'A+(mex)', and its national short-term rating is affirmed at 'F1'. The rating outlook is stable. The upgrade reflects Cemex’s ongoing stronger operating performance which, along with asset sales, has ... |