Cement News tagged under: Grupo Cementos de Chihuahua
Canacem-Mexico-FICEM 2030 roadmap launched03 April 2023, Published under Cement NewsAt FICEM Hoja de Ruta 2023, the Canacem-Mexico-FICEM 2030 roadmap “Towards a Low Carbon Economy” was launched by Mexico's national cement chamber, CANACEM, in collaboration with FICEM. The roadmap outlines Mexico's cement industry commitments to climate change mitigation and is aligned with the UN's 2030 Agenda to maintain global warming below 2˚C compared to pre-industrial levels. Six Mexican cement producers ( Cementos y Concretos Moctezuma , Cementos Fortaleza , Cemex , Cemen... |
GCC reports 44% increase in 2Q net income28 July 2021, Published under Cement NewsGCC saw its consolidated net sales increased 18.1 per cent YoY to US$286.7m in the 2Q21 from US$242.8m in the 2Q20. EBITDA advanced 18.6 per cent YoY to US$97m in the 2Q21 from US$81.8m in the 2Q20. As a result, the EBITDA margin edged up from 33.7 per cent to 33.8 per cent over the same period. Net income increased 43.8 per cent to US$47.7m in the 2Q21 from US$33.2m in the year-ago period. In Mexico cement and ready-mix volumes increased 17.1 and 41.4 per cent, respectively. In the USA c... |
GCC reports a 7% decline in net sales30 October 2020, Published under Cement NewsMexico’s Grupo Cementos de Chihuahua (GCC) reported a 6.8 per cent YoY decline in consolidated net sales to US$281.1m for the third quarter of 2020, compared with US$301.7m in the 3Q19. The fall was primarily due to decreased cement volumes in the US, concrete volumes in Mexico and the depreciation of the Mexican peso, according to its earnings report. However, it was partially offset by higher cement volumes in Mexico and a favourable price environment in both markets. Consolidated net sa... |
GCC reports record 4Q19 US net sales21 February 2020, Published under Cement NewsGrupo de Cemento de Chihuahua (GCC), the Mexican cement producer that serves cement and concrete markets in USA, Mexico and Canada had 4Q19 consolidated net sales increased 11 per cent to US$228.6m, while EBITDA increased by 49.6 per cent to US$86.4m in 4Q19. GCC's consolidated net sales in 2019 increased by 5.8 per cent to US$934.1m. EBITDA increased 13.9 per cent to US$ 292m. During 2019 GCC opened a new cement terminal opened in Fort Stockton, Texas, USA. Two long-term agreements were ... |
Grupo Cementos de Chihuahua joins SBTi03 February 2020, Published under Cement NewsMexico's Grupo Cementos de Chihuahua (GCC) has announced that it has joined the Science-Based Targets initiative (SBTi) as part of its commitment to set science-based emission reduction targets, according to a press release. "By joining the SBTi, GCC will ensure that the company's low-carbon transformation is aligned with climate science and is a further reflection of our unwavering commitment to implement global best practices related to sustainability," said Enrique Escalante, CEO of GCC. |
GCC signs 15-year solar power deal in Mexico18 December 2019, Published under Cement NewsGrupo Cementos de Chihuahua SAB de CV is to operate some of its cement operations in Mexico on solar energy under a newly-signed power purchase agreement (PPA). The company said it signed a 15-year off-take deal with a Mexican solar power supplier for electricity for its cement factory in Juarez, ready-mix and aggregates operations and corporate offices. The PPA starts in January 2021 and will enable GCC and will provide solar power for around 20 per centof the company's total power demand... |
GCC sees 8% rise in consolidated net sales23 October 2019, Published under Cement NewsMexico's Grupo Cementos de Chihuahua (GCC) has recorded an 8.3 per cent YoY rise in consolidated net sales to US$301.7m for the third quarter of 2019, on the back of improved cement volumes and prices in Mexico and the USA. EBITDA advanced 15.2 per cent to US$96.4m from US$83.7m in the 3Q18, while the EBITDA margin remained largely unchanged at 31.9 per cent from 30 per cent. Regionally, net sales rose 5.5 per cent and 9.1 per cent in Mexico and the US, respectively. "GCC delivered stro... |
GCC signs agreement for clean energy supply13 September 2019, Published under Cement NewsMexico’s Grupo Cementos Chihuahua (GCC) has signed an agreement with a US-based clean energy provider for the supply of solar and wind energy to its cement plant in Odessa, Texas, to fulfil 100 per cent of the facility’s electricity requirement. The company did not release the name of the energy supplier but noted that energy supply is expected to begin in July 2022. The plans will mean an approximately 45,000tpa reduction in CO 2 . The 10-year fixed price agreement also represents a 22 p... |
GCC announces overall increase in sales for 1H1926 July 2019, Published under Cement NewsMexico's Grupo Cementos de Chihuahua (GCC) has announced a 1.3 per cent YoY increase in sales to US$403.9m for the first six months of 2019, against US$398.8m in the year-ago period. EBITDA declined five per cent to US$109.2m, while the EBITDA margin slipped 1.8 per cent to finish at 27 per cent. The 2Q19 saw a 3.5 per cent YoY rise in sales to US$240.5m from US$232.3m. EBITDA advanced 2.2 per cent to US$70.9m in the same period. However, the company’s EBITDA margin contracted 0.4 per cent... |
GCC's Pueblo cement plant achieves Energy Star certification01 April 2019, Published under Cement NewsThe Grupo Cementos de Chihuahua (GCC) Pueblo cement plant is Colorado's only Energy Star certified manufacturing plant having been given the award by the US Environmental Protection Agency (EPA) in recognition of its superior energy performance. "Energy Star certified plants perform in the top 25 per cent of similar facilities nationwide," Enrique Escalante, chief executives of GCC, said in a statement. "We're proud to say that our Pueblo plant scored a perfect 100, proving it is tops in en... |