Mexico-based Cemex has agreed to buy Kiesel, a manufacturer of mortars and adhesives, for an undisclosed sum. The deal is intended to grow Cemex’s Urbanization Solution business through bolt-on acquisitions. The acquisition will be subject to conditions including regulatory approval. The transaction is expected to be competed from the fourth quarter of 2023. Sergio Menéndez,
Cemex said that it has successfully implemented labelling showing the environmental impacts of all of its main products across its ‘most important markets.’ Depending on prevailing practices in each market, products’ packaging either displays an Environmental Product Declaration (EPD) or Cemex’s own third-party validated CERO2 designation. General director Fernando González Olivieri said “We are committed to
The core of the Caribbean cement industry consists of the Dominican Republic (with 5.9Mt/yr in integrated capacity), Cuba (4.7Mt/yr) and Jamaica (3.5Mt/yr). Haiti and Trinidad & Tobago also command small, single integrated plants, while there are numerous grinding plants and cement terminals along the region’s extensive coastlines. The industry has been the subject of new
Cemex’s CEO Fernando González joined a panel of other business representatives at the 78th Session of the UN General Assembly on 18 September 2023. The United Nations Global Compact, the UN’s 9500 member-strong stakeholder platform for sustainable business, hosted the panel. González and fellow panellists discussed issues including sustainable finance, global fairness and the effects
Six cement plants were reportedly issued around Euro88m in free European Union emissions allowances (EUA) from 2019 to 2022 despite the clinker kilns at the units being idle or running at low levels. Research by the Oil Price Information Service (OPIS) has revealed that plants operated by Buzzi, Cementos Portland Valderrivas (CPV), Cemex, Holcim and
Cemex Mexico subsitituted 36% of it cement fuel with alternative fuel (AF) in 2022. This exceeds the Mexican cement industry’s target for 2030, of 32%. Mexico Business News has reported that the producer used 1.05Mt of AF across its operations. This reduced its CO2 emissions by 1.8Mt, and prevented 850,000t of methane emissions from being generated
Cemex has updated its sustainability-linked financing framework in line with its latest emissions reduction targets of 475kg/t of CO2 per tonne of cementitious material. Under the new framework, Cemex will issue up to US$350m-worth of sustainability-linked bonds on the Mexican Stock Exchange. The group plans to use the funds to refinance debt, as well as for
Cemex and industrial solar heat specialist Synhelion have achieved constant clinker production on an industrially viable scale using only solar heat. The partners say that this confirms the technology’s potential for industrial-scale implementation. Cemex CEO Fernando A González said “I am convinced we are getting closer to the technologies that will enable net-zero CO2 cement and
Invercem has successfully commissioned its new 220,000t/yr Pisco grinding plant in Ica Department. Management News has reported that the plant cost US$30m to build. Cemex Peru will supply clinker for use in cement production at the plant. Invercem plans to supply cement produced at the plant to the Cusco market under the Patrón brand. The
Cemex France and Ecocem have signed a deal to collaborate on the development of reduced-CO2 concrete development at 10 Cemex France ready-mix concrete batching plants. The partnership will explore methods that include the use of supplementary cementitious materials in place of clinker. Cemex hopes that the collaboration will help to realise its goal of a 55%
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