As part of CEMEX’s growth strategy, the company plans to upgrade and increase the capacity of subsidiary Caribbean Cement Company Ltd.’s plant in Rockfort, Jamaica, by 30%. The current estimate of the investment is approximately $30 million.
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In an effort to accelerate its progress to deliver net-zero CO2 concrete globally by 2050, CEMEX has entered a memorandum of understanding with bp to develop solutions to decarbonize the cement production process and transportation.
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CEMEX reported that consolidated net sales increased 9%, on a year-over-year basis to $3.4 billion in the first quarter of 2021. Operating EBITDA improved 28% to $684 million, while the EBITDA margin increased to 20.1%, 2.8 percentage points higher year over year.
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As part of its “Future in Action” program, CEMEX is developing a carbon neutral alliance in Germany to test and accelerate innovative technologies to reach carbon neutrality at its Rüdersdorf plant.
Read MoreCEMEX USA has been awarded a grant from the United States Department of Energy (DOE) to research, engineer and develop a pilot for a breakthrough carbon capture unit. The project, anchored to CEMEX’s Victorville, Calif., plant, will also contemplate cost-competitive solutions to completely close the loop on current carbon emissions.
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CEMEX Dominicana expects to recommission one of its production lines at its plant in San Pedro de Macoris, Dominican Republic, which could imply a 33% increase in its production capacity in the country. The increase would boost the cement industry’s self-sufficiency, noted the company, and would strengthen CEMEX Dominicana’s position to serve the growth of the construction sector in the…
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CEMEX has successfully introduced ground-breaking hydrogen technology as part of its fuel mix in all of its cement plants in Europe. With an estimated $40 million investment program, it is also moving quickly to extend the technology to the rest of its operations around the world, including Mexico and the United States.
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The Regional Autonomous Corporation of Antioquia approved a modification of CEMEX Colombia’s environmental license for its planned $420 million cement plant in Maceo, Antioquia. The modification will allow the extraction of 990,000 tons of materials (clay and limestone) and the production of up to 1.5 million metric tons of cement annually.
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CEMEX is optimizing its supply chain to meet shortages experienced throughout the western United States. The plan includes investing around $15 million to fire up an idled kiln at its CPN cement plant in northwest Mexico, yielding more powder for terminals north of the border by the second quarter of 2021.
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CEMEX USA has reached a milestone in its efforts to support the fight against COVID-19, delivering grants to more than 80 non-profit organizations nationwide this year from its philanthropic arm, the CEMEX Foundation. The grants helped provide food, shelter, safety and education in communities deeply affected by the pandemic.
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