Displaying items by tag: Cemex
Cemex Ventures invests in Modulous
19 January 2021UK: Cemex Ventures has invested in Modulous, a London-based company that uses a modular construction system. Modulous says it digitises its materials supply chain management to reduce costs and time and in construction process. It uses machine learning, generative design and 5D BIM modelling in its supporting software to support this. No value for Cemex Ventures’ investment in Modulous has been disclosed.
"By including Modulous in our portfolio, we offer the industry a unique offsite construction model" said Mateo Zimermmann, head of Cemex Ventures investment in Modulous. "The Modulous innovative approach enables the supply chain to deliver sustainable and high-quality homes, significantly reducing time and costs. Modulous does not require additional capital expenditure, which makes it globally scalable. This team is going to revolutionise the residential development industry.”
Modulous has secured a number of projects in the UK and Europe. It is currently preparing the delivery of a Euro7m residential scheme in London using its design and construction system that it claims will achieve completion 12 months ahead of schedule. Modulous is one of the winners of the 2020 Construction Startup Competition, the annual startup challenge organized by Cemex Ventures.
Cemex UK supplies Vertua Classic concrete for building in Leeds Climate Innovation District
15 January 2021UK: Cemex UK has supplied 70m3 of Vertua Classic concrete to the site of Citu’s upcoming office building in its Climate Innovation District in Leeds, West Yorkshire. It will provide the building’s foundations. The company says that it has a 30 – 50% smaller carbon footprint than a standard mix. It produced the concrete at its Leeds ready-mix plant.
Ready-mix technical manager Tracey Carden said “We are very proud to have supplied our Vertua Classic concrete to the latest phase of work at Citu’s Climate Innovation District in Leeds, particularly as this will be its head office. This is a development that prioritises sustainable construction, making our low-carbon concrete the obvious choice for the office building foundations.”
Cemex Mexico to undertake road repairs in Puebla State
14 January 2021Mexico: Cemex Mexico has signed an agreement with the state government of Puebla for the repair of 5km of road near Tepeaca. The El Sol de Mexico newspaper has reported that under the agreement Cemex will supply hydraulic concrete for the works. The company plans to first repair a 3km stretch of the road, then complete the remaining 2km in 2022.
President Juan Romero said “The purpose of Cemex is to build a better future. That is the reason that drives us to get up every day. We started at home, by building it for the more than 12,000 employees who work in the company and we made sure that everyone found in Cemex the best place to work and develop personally and professionally; but we also do it for our clients, with products of the highest quality and giving the greatest focus and attention to all the projects in which we participate, from the smallest expansion or remodeling of a small rural house to the large infrastructure works that they are underway in the country.”
In 2019 and 2020 the company invested US$3.5m in social projects in Puebla State. It repaired 4.5km of roads and donated 160t of concrete.
UK: Cemex UK has announced plans for two new plastic packing production lines at Rugby cement plant. The company said that the lines will directly serve the plastic packing needs of packed cement production at the plant. The total investment cost of the installation will be Euro5.6m. Work will begin in early 2021 and be completed from June 2021. Cemex first entered the plastic packed cement market in 2011.
Arawak Cement reports fatality at plant in Barbados
04 January 2021Barbados: A worker has died following an accident at Arawak Cement plant in St Lucy. Two employees suffered burns whilst they attempted to fix a blockage at the unit, according to the Caribbean News Agency (CANA). An investigation into the incident is ongoing.
Cemex USA makes grants to over 80 non-profit organisations as part of coronavirus relief effort
29 December 2020US: Cemex USA has delivered grants via the Cemex Foundation to over 80 non-profit organisations so far in 2020 as part of its coronavirus relief efforts. The funds donated by Cemex USA employees have provided more than a quarter million meals to those facing food insecurity and overall have positively impacted more than 200,000 people in California, Nevada, Arizona, Colorado, Texas, Alabama, Tennessee, Pennsylvania, Georgia and Florida. The initiative also supplied more than 20,000 pieces of personal protective equipment (PPE) for medical staff and first responders.
“Covid-19 has created far-reaching impacts and unparalleled challenges, prompting thousands of families to request additional support for food and shelter while they continuously worry about the health and safety of themselves and their loved ones. At Cemex USA, we wanted to help our neighbours and communities during this unprecedented time,” said Cemex USA president Jaime Muguiro. “The help provided by non-profits right now is critical, and we are proud to be able to deliver significant support for their initiatives that are making a difference in our communities.”
Organisations that have benefited from the grants include: United Way of Central Alabama (UWCA) in Birmingham, Alabama; Feeding South Florida in Florida; Feed the Frontline Houston in Houston, Texas; Lyons Emergency Assistance Fund (LEAF) in Lyons, Colorado; House of Refuge in South Mesa, Arizona; and Heart of Los Angeles Youth (HOLA) in Los Angeles, California.
HeidelbergCement considering selling assets in California
23 December 2020US: HeidelbergCement is considering selling assets in California. Bloomberg News reports that it is working with Morgan Stanley on a potential divestment and it hopes to raise around US$1.5bn. It is reportedly approaching competitors including Martin Marietta Materials, Cemex, CRH, Summit Materials and LafargeHolcim, as well as companies in China and Latin America. The first bids are not expected until early 2021.
The Germany-based building materials company operates three integrated cement plants in California, as part of its Lehigh Hanson subsidiary, in addition to concrete and aggregates units. Divestment of these assets would focus the company instead on markets in the East Coast, Midwest and Canadian regions of North America.
In July 2020 HeidelbergCement announced that it had reduced its value of its assets by Euro3.4bn following a review. It blamed this on reduced demand for building materials due the coronavirus pandemic and the devaluation of its Hanson subsidiary in the UK, in part related to the UK’s exit from the European Union.
Cemex increases its Cemex Latam Holdings stake to 93%
18 December 2020Colombia: Mexico-based Cemex has increased its stake in subsidiary Cemex Latam Holdings to 93% from 73%. Citigroup Global Markets acted as advisor and Corredores Davivienda acted as intermediary broker for the offer.
The group said, “Through the offer, Cemex is simplifying and strengthening its overall capital structure by further consolidating its indirect interest in CLH.
UK: Cemex subsidiary Cemex UK has concluded a deal with the Nottinghamshire Wildlife Trust for the sale of its Attenborough Nature Reserve near Nottingham. The trust received a Euro828m grant from Biffa Award towards the acquisition. The Site of Special Scientific Interest (SSSI) on the River Trent is home to over 1000 species including bitterns and otters. The former sand and gravel quarry became a nature reserve in the 1960s when it was opened by the broadcaster and natural historian David Attenborough.
Cemex Europe regional land development and permitting director Stephen Redwood said, “After more than half a century of partnership, we are enormously pleased to see the transfer of this amazing and award-winning site to the Trust being completed. To see Attenborough evolve into such an important nature reserve in such close proximity to major population centres has been most rewarding.” He continued, “Our partnership with the Trust - which has included the establishment of the impressive Visitor Centre with support from the company’s own Landfill Communities Fund - has been a major success and we look forward to the Trust taking ownership as the site moves on to the next phase in its development.”
Cemex launches Vertua concretes in US
16 December 2020US: Mexico-based Cemex has launched the Vertua range of low and net-zero CO2 concrete products in the US following introductions in Mexico and Europe. The range consists of Vertua Classic, Vertua Plus and Vertua Ultra. The company has begun by selling Vertua Classic – which it says offers a 20–30% reduction in CO2 emissions – in Bay Area, Central Valley, Los Angeles, Sacramento and San Diego, California. Vertua Plus and Vertua Ultra products will be introduced in 2021.
California regional president Francisco Rivera said, “Since many customers are motivated to reduce the carbon footprint of their projects, we are delighted to offer Vertua Classic, which is suitable for a wide range of commercial and residential applications. Our Vertua products are uniquely designed to balance limited carbon specifications with our customers’ needs for high-quality performance and resilience.”