Displaying items by tag: Cemex
Cemex’s earnings lower outside of the Mexico and the US in 2018
07 February 2019Mexico: Cemex’s operating earnings before interest, taxation, depreciation and amortisation (EBTIDA) rose by 1% year-on-year on a like-for-like basis to US$2.56bn in 2018 from US$2.57bn in 2017. It has attributed this decrease in real terms to lower earnings from its territories outside of Mexico and the US. Its net sales rose by 5% to US$14.4bn from US$13.6bn.
“We are pleased with our 6% top-line growth during 2018, supported by higher consolidated volumes and prices in our three core products. Operating EBITDA grew by 1% on a like-to-like basis in this period,” said Fernando A Gonzalez, the chief executive officer (CEO) of Cemex. He added the company had reduced its total debt to nearly US$1bn in 2018.
By region, Cemex’s sales and earnings rose in Mexico and the US, fell in the rest of the Americas and were mixed in Europe. In the Asia, Middle East and Africa sales increased due to growth in the Philippines but earnings fell.
Cemex concrete plant in Panama receives certification from Concrete Sustainability Council
01 February 2019Panama: Cemex’s Panama Norte concrete plant has been awarded Responsible Sourcing Certification from the Concrete Sustainability Council (CSC). The building materials company says it is the first facility in the ready-mix concrete sector in Latin America to receive this designation. The plant met the CSC requirements via an audit by SGS, an independent certification body.
“We are proud of our Panama Norte plant for becoming the first concrete facility in Latin America to attain CSC certification, and we are committed to foster our leadership in the industry by delivering a superior customer experience and integrating sustainability into all aspects of our business,” said Andres Jimenez, President of Cemex Panama.
Launched in 2017 by 11 founding members - including the World Business Council for Sustainable Development, the Portland Cement Association and Cemex - the CSC aims to improve the transparency of the concrete sector and highlight the essential role of concrete in creating a sustainable construction sector by getting recognition in green procurement government policies and building rating systems. The CSC acts as a certification system, grading building materials facilities on environmental, social and governance practices throughout supply chains.
Philippines: Cemex Philippines has received a set of tax breaks and financial incentives for the new 1.5Mtyr production line it is planning to build at its Solid Cement plant in Antipolo, Rizal. Its subsidiary Solid Cement has obtained ‘pioneer’ status from the Board of Investment (BOI) but with ‘non-pioneer’ incentives, according to the Inquirer newspaper. This means that the project may be able to benefit from a longer income-tax holiday. The new production line is scheduled to be operational by early 2020.
José Antonio Cabrera appointed president of Cemex Dominicana
30 January 2019Dominican Republic: Cemex has appointed José Antonio Cabrera as the president of Cemex Dominicana. He succeeds Alejandro Ramírez, who has been named president of Cemex Colombia, according to the El Nuevo Dia newspaper. The business has operations in the Dominican Republic, Haiti and Puerto Rico.
Cabrera previously served as Vice President of Strategic Planning at Cemex Egypt, as well as Vice President of Strategic Planning for Cemex's Asia, Middle East and Africa (AMEA) region. He first joined Cemex in 2000 and has held positions including Commercial and Operations Director of Cemex Spain and Project Manager of Strategic Planning for Cemex Spain and the Mediterranean region.
Germany: HeidelbergCement has been awarded ‘A-‘ in the climate change category of CDP’s Climate A List. It also received the same score in the water security category. The result marked it as the highest-scoring cement company on the list beating other major international producers such as LafargeHolcim, Cemex and CRH. Notably, these other cement companies each received ‘F’ for water security due to a lack of sufficient information available. CDP analyses data from over 6800 large companies around the world.
“This is a strong confirmation that we are on the right track with our Sustainability Commitments 2030. The excellent result encourages us to further reduce our ecological footprint across all business lines and on a global level,” said Bernd Scheifele, chairman of the managing board of HeidelbergCement.
Cemex joins global youth business alliance
25 January 2019Mexico: Cemex is joining the Global Alliance for Youth (All4YOUth), a business alliance of more than 200 companies that seeks to strengthen the capabilities of young people between the ages of 18 and 29 years to enter the professional world. Founded by Nestlé in 2014, All4YOUth is a scheme intended to help young people around the world to acquire business skills. Its aim is to reduce school dropout rates, contribute to young people’s employability, and to help them develop their skills for the workplace of today and tomorrow.
Cemex says that its participation in the alliance will help more than 65,000 young people by 2022. Until now, the company’s social programs have already reached 34,000 youth through the New Employment Opportunities (NEO) alliance, with 60% formal job placement within six months.
Belaz supplies dump trucks to APO Cement
17 January 2019Philippines: Belorussian company Belaz has sold dump trucks to the Philippines for the first time. 7555 Series 55t trucks will be used to operate in the sand quarry of APO Cement, a subsidiary of Cemex. The trucks include extended bodies, multiple-disk oil cooled brakes and additional fuel filters.
Cemex makes senior level changes
16 January 2019Mexico: Cemex has made a number of changes to the organisation of its senior level positions with effect from 1 February 2019.
Juan Romero Torres, currently president of Cemex Mexico, has been appointed Executive Vice President of Global Commercial Development. This new role aims to build on the progress that Cemex says it has achieved in its Customer Centricity strategy, providing it with a formal structure that will allow new opportunities to add value to customers and markets. Ricardo Naya Barba, current president of Cemex Colombia, has been appointed president of Cemex Mexico.
Jaime Gerardo Elizondo Chapa, currently president of Cemex Europe, has been appointed Executive Vice President of Global Supply Chain Development. This new role aims to grow Cemex´s Supply Chain capabilities to gain additional efficiencies in end-to-end operations. Sergio Mauricio Menendez Medina, currently Distribution Channel Vice President for Cemex Mexico, has been appointed president of Cemex Europe.
Cemex fined Euro52,000 for quarry emissions in Spain
14 January 2019Spain: The Department of the Environment has fined Cemex España Euro52,000 for emissions from two of its limestone and marl quarries in Valencia. The cement producer is being penalised for dust emissions from the sites, according to the El Mercantil Valenciano newspaper.
Cemex to convert Gádor cement plant site for renewables, waste recycling and concrete
11 January 2019Spain: Cemex has signed a Euro117m deal with the local government to convert the land used by the Gádor cement plant in Almeria for use by new projects. These will include projects in solar and wind power generation, waste fuel production from plastics and biomass and a new concrete batching plant, according to Teleprensa. The initiative is intended to create around 400 jobs.
The cement producer has also signed a similar agreement for its Lloseta in Baleares. The company announced in mid-October 2018 that it was planning to close the two plants due to reduced demand for cement and mounting European CO2 emissions regulations.