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Displaying items by tag: Mexico
Mexico: Cemex has reported its first-half results for 2024. Net income fell by 15% to US$230m, although earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 2% to US$965m. Sales remained flat at US$4.5bn. They rose in Mexico by 13%, to US$2.7bn, and in Central and South America and the Caribbean by 3%, to US$879m. However, they fell in the US by 2%, to US$2.6bn, and in Europe, the Middle East, Africa and Asia by 8%, to US$2.24bn.
Fernando Gonzalez, CEO of Cemex, said "These results demonstrate the effectiveness of our commercial management and growth strategy. The price contribution of our products continues to outpace our input cost inflation."
Colombia: Cemex Colombia has appointed Juana María Serna as Commercial Vice President. She previously worked as the Vice President for Strategic Planning for Cemex Colombia & Peru and the VP for Builders and Urbanization Solutions for Cemex Colombia from late 2020. Earlier in her career she worked for Cemex Group in Mexico, becoming Global Customer Experience Director in 2018. She started working for Cemex in Colombia in 2007. Serna holds an undergraduate degree in Architecture and a Master of Business Administration from the Universidad de Los Andes in Bogotá.
Mexico: Regenera, a subsidiary of Cemex, has launched a pilot project at its Broquers Ambiental plant in Querétaro to transform the city’s organic waste into alternative fuel using a drying process known as ‘biosecado’. This initiative makes Querétaro the first zero waste municipality in Mexico, according to the company. The plant now processes almost 90% of the municipality’s waste, transforming over 8000t monthly into biomass to reduce the amount of material sent to landfill.
Vice president of urban solutions at Cemex Mexico, Antonio Balmori, said "This project that we started today at our Broquers Ambiental plant excites me very much because it will take the city of Querétaro to the next level in waste management, where we will seek to take advantage of 100% of the urban solid waste generated in the municipality."
Cementos Moctezuma reports revenue increase
11 July 2024Mexico: Cementos Moctezuma recorded a 20.8% increase in revenues to US$1.1bn in 2023, according to its 2023 Integrated Annual Report. During the same period, the company invested more than US$37.2m in active projects, producing more than 7Mt of cement. The company also reported an earnings before interest, depreciation and amortisation (EBITDA) of US$500m.
CEO José María Barroso said "2023 represented the opportunity to achieve continuous improvement in administrative, technical and commercial aspects, as well as through strategic alliances; all focused on cost reduction and sustainable efficiency."
Mexico: The National Cement Chamber (CANACEM) has appointed Julio Cedeño as its General Director. He previously worked as the Director of Institutional Relations for the Camara Nacional de la Industria del Hierro y del Acero (CANCERO), an organisation representing the steel sector in Mexico. Cedeño is a graduate of the Universidad Iberoamericana in Political Science and Public Administration.
CANACEM represents the six cement companies in Mexico: Cementos Moctezuma, Cemento Cruz Azul, Cemex México, Grupo Cementos de Chihuahua, Holcim México and Cementos Fortaleza. 35 cement plants operate in the country producing nearly 47Mt/yr of cement and employing over 26,500 people. The organisation was originally founded in 1948.
Mexico advances tyre recycling for cement production
05 July 2024Mexico: The Secretariat of the Environment (Sedema) has reported that over 5600 tyres collected from illegal dumps in the districts of Xochimilco and Gustavo Madero have been transported to a treatment plant to be used as an alternative fuel for cement production. This initiative is part of a strategy to manage tyre waste, supported by a collaboration with Geocycle Mexico. The effort aims to address public environmental issues caused by tyre disposal in public spaces and environmentally sensitive areas, potentially leading to wildfires. Sedema also plans to expand tyre collection through the Reciclatrón Program to promote comprehensive waste management and reduce the reliance on fossil fuels and mineral extraction.
Mexico: Cementos Moctezuma has appointed Fortino Delgado Carrillo as its Director of Legal Affairs. He succeeds Belen Molins Benavent in the post.
Delgado has worked as Senior Legal Manager Litigation for Cementos Moctezuma since early 2021. Before this he held a variety of corporate legal roles for companies, including Monere Business, Inter-Con Security Systems and MultiPack. He also worked as the Director General for the National Human Rights Commission Mexico. Delgado holds law qualifications from the Universidad Nacional Autónoma de México and the Universidad de Castilla-La Mancha.
Cemex receives four Wildlife Habitat Council awards
11 June 2024North America: The Wildlife Habitat Council (WHC) has recognised Cemex’s conservation efforts in Mexico and the US with awards for four of its projects. These included its restoration of desert habitats at Cerro Jardín, Xoyatla and Coayuca in Atotonilco, Mexico. Cemex said that all of the projects advance its Future in Action strategy of sustainable excellence through circularity, climate action and water and biodiversity management, in line with becoming a net zero company by 2050.
Carlos Slim planning FCC spin-off and re-brand
17 May 2024Spain: The Mexico-based owner of the Spain-based cement producer FCC, Carlos Slim, is reportedly planning to spin-off its cement and real estate assets into a separate business. The new entity, to be known as Inmocemento, would then be listed on the Madrid stock market, according to Reuters. Slim directly owns around 12% of FCC and controls a further 76% of the company through investment vehicles Inversora Carso and Operadora Inbursa.
Inmocemento would take FCC's cement plants, the majority stake it owns in the real estate developer Realia and a minority stake in Metrovacesa. Current FCC shareholders would receive Inmocemento stakes equivalent to their holdings in FCC.
FCC currently owns assets in different industries such as construction, water and sewage, waste management, cement and real estate. FCC's cement units reported revenues of €614m in 2023, while income from real estate was €254m. Together, these sectors represented 9% of FCC's revenue. It operates its cement business via the Cementos Portland Valderrivas subsidiary.
FCC said in a financial disclosure that its board believes that the move would boost shareholder value as the new and existing companies are likely to be worth more apart than together.
Switzerland: Holcim has appointed Marco Maccarelli as its Director of Central and Eastern Europe. He will succeed Simon Kronenberg in the post in June 2024, according to the 24 Heures newspaper. The position includes the responsibility of head of Holcim Schweiz.
Maccarelli is currently working as the CEO of Holcim Colombia. Prior to this, he worked for Holcim Mexico first as Director Innovation and Commercial Development and later as Director Cement Sales & Retail. He has worked for Holcim for over 15 years and holds more than 20 years’ experience in the construction sector.