Cemex Latam Holdings, S.A., a wholly owned subsidiary of Cemex España, S.A., presented to the Superintendencia Financiera de Colombia an application to list its shares on the Colombian stock exchange and to offer a minority of Cemex Latam’s shares in a public offering to investors in Colombia and, in a concurrent private placement, to eligible investors outside of Colombia. Cemex…
Read MoreMonth: October 2012
Essroc celebrates railroad spur improvement with ribbon cutting
Officials in Berkeley County recently celebrated the completion of a $10 million railroad spur project that is expected to help Essroc Italcementi Group’s Martinsburg, W.Va., plant ship thousands of tons of product each year via rail instead of area highways. About 100 people attended the official dedication and ribbon cutting for the 1.2-mile rail spur, which connects the plant to…
Read MoreNonresidential construction index drops to 2010 levels
Raleigh, N.C.-based FMI, the largest provider of management consulting and investment banking to the engineering and construction industry, announces the release of its “Third Quarter Nonresidential Construction Index Report.” Plunging 5 points, the index is back to Q2-2010 levels.
Read MoreHolcim shakes up management as CEO unveils new leadership
Switzerland-based Holcim Ltd. announced a management shake-up as new Chief Executive Officer Bernard Fontana said the Swiss cement maker may need to further streamline its business in Europe to stem falling demand. Holcim will introduce a “leaner and more efficient” structure, including a new head of Europe, as of September 1. The cement maker also cut its outlook for the…
Read MoreFirst commercial-scale CO2 capture operation set for Capitol Aggregates mill
Construction at Capitol Aggregates’ cement mill outside San Antonio, Texas, is nearing on a facility to capture 83,000 tons of carbon dioxide and offset an additional 220,000 tons of the gas annually once the equipment is operational in 2014. Austin, Texas-based Skyonic Corp.’s electrolytic carbon capture technology, SkyMine, will selectively remove CO2, acid gases and heavy metals emitted from the…
Read MoreCemex signs agreement with IBM to provide process outsources, IT services
Mexican construction materials giant Cemex, S.A.B. de C.V., and IBM announced recently a 10-year strategic agreement in which IBM will deliver business process and information technology services. Additionally, IBM will provide to Cemex business consultant services to detect and drive sustainable improvements in profitability, using the entire breadth of IBM’s capabilities, including R&D expertise.
Read MoreCemex to boost cement production capacity in the Philippines
Mexico’s Cemex, S.A.B. de C.V., announced that it is planning to expand the cement production capacity of its APO plant in the Philippines by 1.5 million metric tons per year. Through an investment of approximately US$65 million, the company will increase production and strengthen its distribution network to better serve high-demand areas throughout the country. The increase is expected to…
Read MoreCemex completes latest round of refinancing
Cemex, S.A.B. de C.V. announced recently that it has successfully completed the previously announced refinancing of its financing agreement, dated as of August 14, 2009, as amended. Fernando Gonzalez, executive vice president of Finance and Administration of Cemex, stated “Cemex is pleased to have accomplished this significant milestone, with support from over 55 banks and institutions. We intend to continue…
Read MoreAsh Grove contributes to flood-ravaged Iowa highway reconstruction
After large-scale floods destroyed vital Iowa infrastructure in 2011, Ash Grove Cement Co.’s Louisville, Neb., plant stepped up production to meet the demand of several large-scale reconstruction projects. The company supplied cement for the reconstruction of Interstate 680 and the Keg Creek Bridge replacement on US Highway 6, east of Council Bluffs, Iowa. Both projects won recognition in the America’s…
Read MorePlibrico’s refractories expand to the Pacific Northwest
Plibrico Company, LLC announced the appointment of E.J. Bartells Company to Plibrico’s exclusive network of refractory contractors. With headquarters in Renton, Wash., E.J. Bartells is a provider of refractory products and installation services, and will be the exclusive Plibrico PliPartner for Washington, Oregon, Colorado, and Alaska, where E.J. Bartells has established sales offices and warehouses.
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