Economy & Market

Cemex sells $1 billion bond to repay debt

Published

14 years ago

March 1, 2011

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Cemex, a leading cement producer, said that it had sold $1 billion in seven-year bonds to help pay 2012 debt and avoid a repayment bottleneck. The notes to mature in 2018 will pay a coupon of 9 per cent and are callable after their fourth anniversary. Cemex said in a filing with the US Securities and Exchange Commission it was offering a private placement sold only to qualified institutional buyers and to offshore investors. In a further statement, the company said the funds were in part meant to reduce short-term refinancing risk. Monterrey-based Cemex, one of Latin America’s top publicly-traded companies, also said it won approval from its bankers last month to use money from bond placements to prepay commercial paper maturing in 2012. Fitch Ratings assigned a B-plus/RR3 rating and added that the money raised would be used to repay debt, while Standard and Poor’s gave ‘B’ rating.

Concrete

Cement industry to gain from new infrastructure spending

Published

6 days ago

July 24, 2025

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

Concrete

AI boom drives demand, says ACA

Published

6 days ago

July 24, 2025

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

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Concrete

GoldCrest Cement to build plant in India

Published

7 days ago

July 23, 2025

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.