Mexico: Grupo Cementos de Chihuahua’s (GCC) sales revenue and earnings have benefitted from the integration of operations that it acquired in Texas and New Mexico in late 2016, favorable pricing environments in both the US and Mexico and the company’s growth strategy. Its net sales rose by 24.3% year-on-year to US$666m in the first nine months of 2017, from US$536m in the same period of 2016. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 25.1% to US$172m from US$137m.
"We continue to be on track in terms of executing our business strategy. Our EBITDA margin in Mexico reached 40.8%, the highest in the last decade, and our US margins reached 25.3%, the second highest since the Great Recession. We have completed the initial integration of the Odessa, Texas plant and other operations in Texas and New Mexico acquired last November. In addition, the expansion of the South Dakota plant is proceeding on schedule and GCC is continuing to make improvements in all our operations," said Enrique Escalante, the chief executive officer (CEO) of GCC.
