Cement News tagged under: Central America
Cemex joins Corporate Leaders Group Europe01 March 2022, Published under Cement NewsCemex has joined the Corporate Leaders Group Europe, convened by the Cambridge Institute for Sustainability Leadership in support of a climate neutral economy. The company aims to deliver to all customers globally net-zero concrete by 2050 as part of its Future in Action strategy and is the first in the sector to set a target of at least 55 per cent CO 2 reduction by 2030 in its European operations. Sergio Menendez, president for Cemex Europe, Middle East & Africa region said: "W... |
Cemex makes corporate governance changes28 February 2022, Published under Cement NewsContinuing its longstanding commitment to develop its corporate governance towards global best practices, Cemex has announced a series of significant corporate governance changes. Beginning with Cemex’s ordinary general shareholders meeting scheduled to be held on 24 March 2022, each director candidate will stand for election on an individual basis, meaning that voting at the meeting will no longer be on a ‘group slate’ basis. Additionally, as part of the company’s ongoing focus on e... |
Cement demand in El Salvador sees 33% hike in 10M2122 February 2022, Published under Cement NewsApparent cement consumption in El Salvador increased 33 per cent YoY to 1.437Mt in the 10M21 from 1.086Mt in the 10M20, according to the country’s construction chamber, CASALCO. Cement prices have increased with cement delivered ex-works (including VAT) up 6.9 per cent YoY to US$8.09/bag of 42.5kg in January 2022 from US$7.57/bag in January 2021. At the retail level, prices increased by 5.6 per cent YoY to US$8.83/bag in January 2022 from US$8.36/bag. |
Cementos Argos erects industrialised plant for concrete modular solutions21 February 2022, Published under Cement NewsWith the installation of the first industrialised plant for concrete modular solutions in Colombia, Argos will begin to produce and market modular solutions in concrete for building houses and infrastructures in series. The plant will begin operations at the end of the 1H22, allowing the construction of an estimated 500 homes by the end of this year. This endeavour will generate 60 direct and 300 indirect jobs. All this is part of Argos’ commitment to sustainable construction, climat... |
Puerto Rican cement sales dip 12% in January17 February 2022, Published under Cement NewsCement sales in Puerto Rico declined 11.5 per cent to 45,622t in January 2022 when compared to January 2021, according to the country’s Statistics Institute. It is the second consecutive drop and the lowest level since the start of the COVID-19 pandemic. Cement sales saw a rise from May 2020 until the lockdown ended at the start of the pandemic. In June 2021 sales started to decline. Last year 665,148t, or 15.6m of 94lb bags, of cement were sold, representing a market growth of 12.5 pe... |
Cemex to introduce electric ready-mix trucks16 February 2022, Published under Cement NewsCemex has announced that it is the first building materials company to complete a large-scale, multi-country pilot using fully electric ready-mix concrete trucks. In 2021 Cemex joined the First Movers Coalition (FMC) and committed to accelerate the innovation and development of decarbonisation technologies in heavy-duty on-road trucking services. An initial, successful trial was carried out in Germany, followed by a further trial in France that was also a success. Cemex expects to gr... |
Cemex reports double-digit EBITDA growth in FY2111 February 2022, Published under Cement NewsCemex announced strong results for the FY21 with double-digit EBITDA growth, the highest in more than a decade, coupled with a similar increase in sales, driven by higher volumes and robust pricing in all core products in all regions. EBITDA margin increased 0.8 percentage points in the year, despite headwinds in energy and import costs. CO 2 emissions declined 4.4 percentage points, the largest annual decline the company has ever achieved. Net sales increased 14 per cent to US$14... |
Dominican cement production sees 23% advance in 202111 February 2022, Published under Cement NewsIn 2021 cement producers in the Dominican Republic manufactured 6.5Mt of cement, supplying a construction industry that saw 23.4 per cent growth as the country started its recovery from the COVID-19 pandemic. Domestic cement consumption saw a 26 per cent surge in 2021, reaching 5.5Mt. When compared with 2020, when output reached 5.17Mt, this represents an expansion of production of 25.7 per cent YoY, according to data from Adocem, the country’s cement association. “Although the industry re... |
Cemex signs up companies to its Working Smarter digitalisation program10 February 2022, Published under Cement NewsCemex has signed separate multi-year contracts that range from five to seven years totalling US$500m with six leading service providers under its Working Smarter digital transformation initiative. The partners are active in the fields of finance and accounting, information technology, and human resources, replacing current expenditures with the new suppliers’ services at an optimised cost, effectively continuing to reduce the company’s operating expenses. The initiative brings all wo... |
US and Puerto Rican Portland and blended cement shipments up 9% in November07 February 2022, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico saw a 9.2 per cent YoY hike to 9.4Mt in November 2021, according to the US Geological Survey (USGS). Texas, California, Florida, Georgia and Ohio accounted for 39 per cent of this total. The leading producing states were Missouri, Texas, California, Florida and Alabama. Masonry cement shipments saw a 10 per cent increase to 197,000t in November 2021 when compared with November 2020. Florida, Texas... |