GCC Sales, EBITDA Up in Second Quarter

Grupo Cementos de Chihuahua, S.A.B. de C.V. announced its results for the second quarter of 2018. The company delivered growing sales and EBITDA as well as a higher EBITDA margin, with solid operating results in both the United States and Mexico. GCC also completed the acquisition of a cement plant in Montana, increasing its U.S. production capacity 11 percent; sold…

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Cemex Sets 30-Month Timetable for Asset Sales

In an upbeat second quarter earnings report, Cemex assured investors that asset prioritizing and debt reduction are top of mind. “With the objective of accelerating our path to investment grade and enhancing total shareholder return, we are announcing ‘A Stronger Cemex,’” said Chief Executive Fernando Gonzalez. “During the next 2.5 years, we will work to optimize our portfolio by focusing…

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