Cement News tagged under: Mexico
Iconic area in Mexico City renovated with Cemex concrete09 August 2017, Published under Cement NewsCemex expects to supply over 27,000m 3 of special concrete for the renovation of 15 streets in Zona Rosa, an emblematic area in Mexico City. Since Zona Rosa is located among some of Mexico City’s major streets, including Insurgentes Avenue, Paseo de la Reforma and Chapultepec Avenue, the renovation project will promote the economic development of the area and the rest of the city. Due to the area’s high vehicular and pedestrian traffic, the project posed a significant challenge for the... |
Holcim supplies Mexico City airport01 August 2017, Published under Cement NewsHolcim Mexico begun the operation of an on-site production facility to supply premixed concrete for the foundation of the passenger terminal of Mexico City’s new international airport (NAICM), Manuel Sirtori, Corporate Director of Premixed Concrete, Sales, Logistics and Distribution for the company has said. “Holcim Mexico is proud to participate in the construction of the country’s most extensive infrastructure project of the century. To contribute in the building of the new airport is a... |
Cemex improves net profit strongly27 July 2017, Published under Cement NewsCemex reported a strong improvement in net profit for the six months to the end of June 2017, but cement volumes eased over the period. First-half turnover was down by 0.2 per cent to US$,703.9m, while EBITDA declined by 6.4 per cent to US$1248.1m.The trading profit, however, improved by 14.2 per cent to US$959.5m while net interest payments increased by three per cent to US$537.5m and the pretax profit improved by 29 per cent to US$451.6m. The net attributable profit rose from US$241.2m ... |
GCC achieves 23% YoY rise in 2Q sales26 July 2017, Published under Cement NewsMexican cement producer Grupo Cementos Chihuahua (GCC) announced a 22.6 per cent YoY rise in consolidated net sales to MXN4497m in 2Q17 from MXN3669m (US$242.4m). The company derives the majority of its sales in the US, where net sales advanced 28.9 per cent YoY to MXN3455m in 2Q17. In its home market of Mexico, sales expanded by 5.5 per cent YoY to MXN1042m in 2Q17 when compared with 2Q16. Cement price realisation in the second quarter improved 16.9 per cent in Mexico but was more ... |
Cemex successfully closes new US$4.05bn bank loan20 July 2017, Published under Cement NewsCemex announced today that it has entered into a new facilities agreement for a total amount of US$4.05bn with 20 institutions. The 2017 Credit Agreement will be used to refinance the US$3.68bn facilities agreement dated 29 September 2014 (2014 Credit Agreement), and the remaining amount will be used for general corporate purposes, which may include debt repayment. Cemex expects to fully cancel both drawn and undrawn amounts under the 2014 Credit Agreement by 25 July 2017. The main terms... |
Cemex to supply special concrete for new terminal13 July 2017, Published under Cement NewsCemex expects to supply 21,500m 3 of roller-compacted concrete (RCC) to pave all of the roads for the new terminal of ALA Transportes, a division of Grupo Transportes de Monterrey (GTM), the largest trucking company in Mexico. Comprising 15ha in Nuevo Laredo, in northern Mexico, the project required a solution capable of easing the daily traffic of 400 trailers (of 14,000t) and that also offered long-term savings during the lifespan of the pavement. Cemex’s RCC solution was selected to... |
First clinker produced from new Tula line11 July 2017, Published under Cement NewsOn 2 July 2017, Fives produced the first clinker from Cementos Fortaleza's new 3300tpd production line in Tula, Mexico. This completion follows the successful start-up of the two cement grinding plants equipped with FCB Horomill® in December and January. |
Mexico's construction chamber considers imports06 July 2017, Published under Cement NewsFollowing the rise in Mexican cement prices earlier this month, the President of the country’s Chamber of the Construction Industry, Gustavo Arvallo, said the organisation was looking into creating a viable logistics chain to accommodate imports. He said the latest price increase would need to be passed on to customers with public projects affected as well as private investors and house buyers. However, to minimise the effect of such price rises, increased supply through imports would cre... |
LafargeHolcim's Geocycle receives Mexican recognition03 July 2017, Published under Cement NewsGeocycle’s co-processing plants located in Colima and Veracruz received the "Environmental Excellence 2017" award given by the Ministry of Environment and Natural Resources (SEMARNAT) through the Federal Environmental Protection Agency (PROFEPA), during a ceremony held in La Calera, municipality of Zacatecas state. "At Geocycle Mexico we have an ongoing commitment to sustainable development, not only with our co-processing solution for industrial waste management, but also in our daily op... |
Canacem: high demand pushes up Mexican cement prices30 June 2017, Published under Cement NewsMexico’s National Chamber of Cement (Canacem) has attributed the increases in domestic cement prices to the high demand in the domestic market despite that construction players maintain that there are no conditions to justify the increases. "Cement prices in Mexico are established by the dynamics of supply and demand. The price varies depending on the region and the brand, because of the distances to be travelled, as transport in the country is expensive. We had time that we did not gener... |