Cement News tagged under: Mexico
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... |
Cemex and Cemex ventures invest in clean hydrogen startup03 February 2022, Published under Cement NewsCemex and Cemex Ventures have announced their investment in HiiROC, a clean hydrogen production start-up. HiiROC developed a technology that uses thermal plasma electrolysis to convert biomethane, flare gas, or natural gas into hydrogen at a lower cost than competing solutions and without a CO 2 footprint. Together with HiiROC, Cemex aims to increase its hydrogen injection capacity across its cement operations while reducing the consumption of fossil fuels. HiiROC, a UK-based co... |
Cemex acquires urban waste treatment company31 January 2022, Published under Cement NewsCemex has announced the acquisition of Broquers Ambiental (Broquers), a sustainable company that focusses on the separation, recovery, and treatment of urban solid waste generated in the city of Queretaro. This acquisition is part of Cemex's Future in Action programme, aimed to achieve carbon neutrality. "With this acquisition, at Cemex we are firmly committed to the circular economy by integrating our value chain to the production of climate-friendly fuels that we use in cement produc... |
GCC reports favourable performance in 4Q21 and 202127 January 2022, Published under Cement NewsGCC reported a 10.9 per cent YoY advance in consolidated net sales to US$257.9m in the fourth quarter of 2021. EBITDA remained stable at US$83.1m with an 31.5 per cent EBITDA margin. Total cement volumes in the US grew by 5.1 per cent, but excluding oil well cement, they fell 5.5 per cent when compared with the 4Q20. Consolidated sales were further supported by a rise in US cement and ready-mix prices of 11.8 per cent and three per cent, respectively. In Mexico cement and ready-mix volum... |
Mexico's cement market sees cement prices surge26 January 2022, Published under Cement NewsThe price of grey cement in Mexico increased on average 14.5 per cent per 50kg bag and 20 per cent per tonne of bulk cement in January 2022 when compared with December 2021, according to industry sources and material distributors, reports El Norte. This is significantly above the 2.4 per cent increase between January 2021 and December 2020 as reported by INEGI, the country’s statistics office. In the case of market leader Cemex, the company reported a 14.4 per cent price rise for its bagg... |
CEMEX joins the UN CFO Taskforce to promote sustainability goals21 December 2021, Published under Cement NewsCEMEX SA de CV has joined the United Nations (UN) Global Company CFO Taskforce for the Sustainable Development Goals (SDG) as the company continues to align its financial strategy to its leadership in addressing climate change, the company announced. The CFO Taskforce for the SDGs has three main goals: to engage the global CFO community, to integrate the SDGs into strategy, financing, and investor relations, and to create a broad sustainable finance market. Members of the UN Global Compact... |
Cruz Azul legal dispute risks sustained cement production20 December 2021, Published under Cement NewsMexico-based cement producer Cruz Azul is currently facing a legal conflict in its plant in Tula, Hidalgo, that threatens to impact cement production. The plant currently employs 1300 workers and two groups are seeking control of the company. A day after the failed seizure of the facilities that the dissident group intended that resulted in a riot, the cooperative members chaired by Federico Sarabia, warned that due to the series of sabotage and actions taken against them by the group led ... |
Fire at Cruz Azul’s Tula operations29 November 2021, Published under Cement NewsA fire broke out at Cruz Azul’s facility in Tula de Allende, Mexico, on Sunday morning. The flames were reportedly located at the company’s limestone conveyor belt. The fire was extinguished within two hours, but around 500m of the belt has been damaged. Operations are not expected to affected, while repair work will last between 15-20 days. |
How energy reforms could impact Mexico's cement industry26 November 2021, Published under Cement NewsThis week, we will be taking a look at the proposed Mexican energy reforms and their potential impact on the cement industry. Mexico's president, Andres Manuel Lopez Obrador (AMLO), introduced the prospect of sweeping energy reforms earlier this year. The move would see state control of the energy market substantially increase. The state-owned Comision Federal de Electricidad (CFE) would generate 54 per of consumed electricity, while private companies would be able to produce the remainin... |
Buzzi Unicem's 9M21 regional results improve in USA and Eastern Europe09 November 2021, Published under Cement NewsThe sales volumes achieved by Buzzi Unicem in the third quarter of the current year showed a positive development in the United States and in Eastern Europe, which more than offsets the partial slowdown observed in Italy, mainly due to a high-base comparison, and a more evident contraction in Germany, also penalised by the unfavourable weather in July. In Italy, in the first 9M21, sales volumes nonetheless stood well above the level reached last year, with prices that confirmed the pos... |