Displaying items by tag: Mexico

Mexico: Cemex has announced that its chief executive officer (CEO), Fernando González, will host a ‘virtual conversation,’ in which he will discuss aspects of the group’s financial and business strategy and its operation resilience post-Covid-19 performance enhancement programme, on 10 September 2020. The company says that chief financial officer (CFO) Maher Al-Haffar and strategic planning and business development executive vice president José González will also be on hand to answer questions.

Mexico: Workers at Holcim Mexico’s 1.6Mt/yr Hermosillo cement plant in Sonora have voted to award a contract for their collective union representation to Confederation of Workers of Mexico (CTM) member Cement Industry Worker’s Union (STIC). The El Economista newspaper has reported that 50 workers at the plant, which employs 95 people, voted for the STIC. The runner up, the National Union of Mine, Metal, Steel and Allied Workers of the Mexican Republic (SNTMMSSMR), garnered 17 votes.

The STIC said, “In the framework of this day, under an atmosphere of respect and civility, with rich and enthusiastic participation, the workers have chosen the Cement Industry Workers Union as responsible for continuing to represent with honour the workers of this noble industry."

Mexico: Cemex says that 70,000t of its concrete has been used in the construction of Park Garage, a 10,000 vehicle-capacity multi-storey car park in Heroica Veracruz, Veracruz State. The company used a 500m³/day Vince Hagan batching plant and 12 mixing trucks to distribute concrete throughout the complex. Mexico regional president Ricardo Naya said, “We supplied specialised high-resistance concrete to counteract the severe salinity conditions that prevail due to the edifice’s proximity to the sea. Park Garage is yet another example of our ability to offer the highest quality products and services designed to meet our customers’ most demanding requirements."

US: Mexico-based Cemex supplied 15,000t of cement to the Hartsfield-Jackson Airport in Atlanta, Georgia, for the construction of a 3770m runway and taxiway by McCarthy Improvement Company. Replacing an existing runway, the new runway is the longest at Hartsfield-Jackson, the world’s busiest airport.

Cemex USA president Jaime Muguiro said, “Infrastructure in the US needs improvements and updates so that Americans can remain connected and get where they need to go quickly, safely and efficiently. At Cemex, we are proud to securely support essential infrastructure projects that help achieve those goals and provide products that will enhance the experiences of travellers for years to come.”

Mexico: Elementia has appointed María de Lourdes Barajas Flores as its chief financial officer (CFO). She succeeds Juan Francisco Sanchez Kramer who will leave the company to, “pursue new personal and professional opportunities.” Barajas Flores was the Director of Administration and Finance for the company’s cement division. Iris Josselin Fernandez Cruz, Elementia’s Head of Corporate Treasury will take over the responsibilities of the Investor Relations area.

Mexico: Grupo Cementos de Chihuahua’s (GCC) net sales rose by 5% year-on-year to US$424m in the first half of 2020 from US$404m in the same period in 2019. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 16.4% to US$127m from US$109m. Its US cement and ready-mix concrete (RMC) sales volumes increased by 3.6% and 17.2% respectively. However, Mexican cement and RMC sales volumes fell by 7.2% and 23.7% respectively. Although most of GCC’s sales came from the US, it said that Mexican sales were affected by negative currency affects and the local coronavirus-related lockdown.

"Increased concrete and cement volumes in the US demonstrate the construction industry's tailwinds and resiliency on the back of improved weather conditions. EBITDA growth, free cash flow generation and margin expansion reflected the successful execution of a comprehensive plan to reduce costs and expenses,” said Enrique Escalante, GCC's chief executive officer (CEO). He added that since the company was seeing market conditions ‘deteriorate’ and high levels of uncertainty that the company expected ‘additional challenges in the quarters ahead.’ As such it hoped for, ‘further economic stimuli from the governments, including a sizable infrastructure bill.’

Mexico: Cemex recorded a net income of US$5.61m in the first half of 2020, down by 97% year-on-year from US$218m in the first half of 2019. Net sales fell by 8% to US$6.00bn from US$6.49bn and consolidated cement volumes fell by 5% to 29.2Mt from 30.7Mt. The company increased its US sales by 7% to 1.97Mt from 1.85Mt and cement volumes by 6%, while prices increased by 1%.

Chief executive officer (CEO) Fernando González said, “Despite the unprecedented conditions in which we are operating due to the pandemic, I am pleased with our second quarter performance and our quick reaction to implement cost containment measures across all geographies. In the second quarter of 2020 we saw a rapid V-shaped volume recovery in our core products from trough levels in April, reaching slightly below pre-Covid-19 outbreak volumes in June. Importantly, our health initiatives have helped protect our employees, customers, suppliers and communities, and allowed us and our customers to continue operating in most markets.

Mexico: Cement has announced the launch of a range of carbon neutral concretes called Vertua. By offsetting, Cemex has eliminated Vertua’s remaining carbon footprint following a 70% reduction in embodied emissions compared to Ordinary Portland Cement (OPC) through use of a geopolymer cement mixture. The concretes will become available on different markets globally in 2020 and 2021.

Mexico: Cemex says that it is involved in a working group “focussed on the application of FastCarb aggregates to concrete production” as part of its efforts towards net-zero CO₂ concrete production. FastCarb, administrated by the US-based International Research and Exchanges Board, is a project aimed at the production of aggregates from recycled concrete containing trapped carbon dioxide (CO₂) requisitioned from industrial exhaust streams.

Cemex said, “After completing the first phase of the experimental approach at the laboratory level with promising preliminary results, the project is now entering the second phase seeking to tackle the industrial approach. In this industrial approach phase, Cemex was recently assigned to evaluate the physical and mechanical properties of the carbonated recycled concrete aggregates when used in ready-mix concrete in the laboratory facilities at the Cemex France National Technical Centre.”

UK: Mexico-based Cemex has confirmed its decision to mothball the 0.8Mt/yr integrated South Ferriby, Lincolnshire cement plant following a consultation period with employee and union representatives. The company estimates that the majority of redundancies of the plant’s 110 staff will happen in July 2020.

It said, “Cemex customers will be supplied from the company’s existing cement network. Cemex’s supply chain plan and commercial management will ensure that customer service will be maintained at all times. Cemex remains committed to the UK and will continue to have a strong national presence.”