Cement News tagged under: Mexico
Elementia sees 39% rise in 3Q EBITDA26 October 2017, Published under Cement NewsMexico-based Elementia reported EBITDA of MXN1.296bn (US$67.9m) in 3Q17, an increase of 38.9 per cent YoY. The company attributes the rise in earnings to higher sales and prices in its cement division. The company posted third-quarter revenues of MXN6.555bn, up 40 per cent when compared with the July-September 2016 period. Net income reached MXN340m, swinging the building materials firm back into the black after a loss of MXN47m in 3Q16. |
GCC reports 16% sales boost in 3Q results25 October 2017, Published under Cement NewsGrupo Cementos de Chihuahua announced its results for the third quarter of 2017, which reflect the successful integration of the operations acquired in Texas and New Mexico late last year as well as favourable pricing in the US and Mexico, and progress in implementing the company’s growth strategy. Total sales increased 15.9 per cent YoY to MXN4.968bn (US$258.8m) in 3Q17 from MXN4.288bn. The company’s 3Q EBITDA saw a similar rise to MXN1.421bn, up 14.2 per cent from MXN1.245bn. Margins sli... |
Building materials price rise sees 8% reduction in Mexican public works16 October 2017, Published under Cement NewsThe increase in prices of building materials including cement is leading to a reduction of at least eight per cent in infrastructure works planned by Mexico’s Infrastructure Secretariat for next year, according to Ricardo Martînez Terrazas of the Secretriat. However, he said it has a minor impact as it mainly affects the construction of roads with hydraulic cement. “It is only a minor impact on road infrastructure as the key input is asphalt and we have not had any important increases, but... |
Cemex will supply concete for Mexico City's new international airport03 October 2017, Published under Cement NewsCemex has announced it will supply 320,000m 3 of concrete for the Terminal Building of Mexico City’s new international airport. In addition to the Terminal, Cemex previously announced the supply of 845,000m 3 of concrete for the construction of Runway 2, of which 770,000m 3 will be utilised for the cemented base. The Terminal Building will be "X" shaped and comprise a surface area of approximately 734,000m 2 distributed on four levels, as well as 95 fixed contact doors and 68 remot... |
S&P upgrades Cemex to BB26 September 2017, Published under Cement NewsCemex SAB de CV announced that S&P Global Ratings upgraded its corporate credit rating in its global scale to BB from BB-. According to S&P, the upgrade reflects the continued improvement of Cemex's financial performance and leverage metrics during 2017, fuelled by a faster-than-expected completion of the asset divestment plan, the early conversion of part of the optional convertible notes due March 2018, and a generally favourable business conditions in its main markets. In addition, S&P... |
Cemex celebrates 25 years of global growth14 September 2017, Published under Cement NewsCemex celebrates the 25th anniversary of the start of its globalisation strategy by commemorating the company’s entry into the Spanish market in 1992. Cemex began its international diversification strategy by acquiring Spanish companies Valenciana de Cementos Portland and Auxiliar de la Construcción – at that time the two largest cement makers in Spain. Initiated in 1992, its global diversification strategy enabled Cemex to consolidate its position as one of the most important compet... |
Fortune recognises Cemex as a World Changing Company12 September 2017, Published under Cement NewsCemex announced that it has been included in the Fortune 2017 Change the World List, a ranking that highlights 50 companies worldwide that have had a positive social impact through activities that are part of their core business strategy. With its inclusion in Fortune’s 2015 list, this marks the second time that Cemex was recognised among the world’s top 20 companies in this ranking. Fortune recognised Cemex's efforts to foster sustainable building practices by highlighting the company’s “... |
Finalists for 2017 Cemex Building Award revealed06 September 2017, Published under Cement NewsCemex has announced the 61 finalists for the International Edition of the 2017 Cemex Building Award, which recognises the best architecture and construction worldwide every year. The International Edition gathers the winning projects from the different National Editions of the Cemex Building Award. This year, 17 countries issued a call for finished projects that will participate in the International Edition’s five categories and four special awards. Finalists from Colombia, Costa Rica, t... |
Cemex to supply Mexico City’s New International Airport17 August 2017, Published under Cement NewsCemex expects to supply approximately 900,000m 3 of concrete for Mexico City’s New International Airport. “We are very proud to participate in one of the most important infrastructure projects in Latin America,” said Juan Romero Torres, president of Cemex Mexico. “Mexico City’s New International Airport will improve the quality of life for millions of people and strengthen the city’s position as a hemispheric hub connecting the Americas.” The airport will be built in two phases, begin... |
Cemex builds sustainable BRT Lane in Mexico15 August 2017, Published under Cement NewsCemex supplied 10,400m 3 of special concrete to pave the first Bus Rapid Transit (BRT) lane for one of the main avenues in Queretaro, central Mexico. Known as “QroBus”, this project was developed by the local Urban Development and Public Works authorities, headed by the Architect Romy Rojas Garrido. This BRT lane offers an alternative for sustainable mobility to residents of the state of Queretaro, which has experienced significant demographic and economic growth over the past years that... |