Economy & Market

Cemex grows profit by 3percent to $3.65 bn in first 9 months of 2016

Published

8 years ago

October 31, 2016

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Mexico: Cemex’s net sales have fallen by 2 per cent year-on-year to $10.5 billion in the first nine months of 2016 from $10.7 billion in the same period in 2015. However, in a like-for-like basis adjusted for ongoing operations and currency fluctuations, its sales rose by 5 per cent. Its gross profit rose by 3 per cent to $3.65 billion and its operating earnings before interest, taxation, depreciation and amortisation (EBTIDA) rose by 9 per cent to $2.14 billion. It attributed the rise in sales on a like-for-like basis to higher prices in local currency terms and higher volumes in Mexico and its European and Asia, Middle East & Africa regions. "During the third quarter, we continued to deliver strong underlying operational and financial results by remaining focused on the variables we can control. Our year-to-date operating EBITDA grew 17 per cent on a like-for-like basis, with a 5 per cent growth in sales. This was the highest year-to-date EBITDA growth in a decade," said the group’s Chief Executive Officer, Fernando A Gonzalez. Overall, the cement producer saw its cement volumes rise by 1 per cent to 50.8 MT from 50.1

Concrete

thyssenkrupp Polysius, SaltX partner for electrified production

Published

2 days ago

March 12, 2025

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thyssenkrupp Polysius and Swedish startup SaltX have signed a Letter of Intent (LOI) to co-develop the next generation of electrified production facilities, advancing industrial decarbonisation. Their collaboration will integrate SaltX’s patented Electric Arc Calciner (EAC) technology into thyssenkrupp Polysius’ green system solutions, enabling electric calcination, replacing fossil fuels with renewable energy, and capturing CO2 for emission-free production. Dr Luc Rudowski, Head of Innovation, thyssenkrupp Polysius, emphasised that this partnership expands their portfolio of sustainable solutions, particularly in cement, lime, and Direct-Air-Capture (DAC). Lina Jorheden, CEO, SaltX, highlighted the significant CO2 reduction potential, reinforcing their commitment to sustainable industrial processes.

Concrete

Terra CO2 secures $82m to scale low-carbon cement technology

Published

2 days ago

March 12, 2025

admin

Terra CO2, a US-based sustainable building materials company, has raised $82 million in Series B funding, co-led by Just Climate, Eagle Materials and GenZero, with continued support from Breakthrough Energy Ventures. The investment will accelerate the commercial deployment of Terra’s OPUS technology, enabling the construction of multiple production facilities across North America and Europe. With the cement industry responsible for 8 per cent of global CO2 emissions, Terra’s solution provides an immediate, scalable alternative using abundant raw materials that integrate seamlessly with existing infrastructure. The company has secured key partnerships, including a deal with Eagle Materials for multiple 240,000-tonne plants.

Concrete

Titan Cement Group enters South Asia

Published

2 days ago

March 12, 2025

Roshna

Titan Cement Group has expanded into the South Asian market through a joint venture with JAYCEE, an India-based producer of supplementary cementitious materials. Titan will hold a majority stake in the newly formed company, Atlas EcoSolutions, which will focus on sourcing, processing, marketing, and distributing SCMs globally. This initiative aims to support sustainable construction by promoting alternatives to clinker-based cement. Jean-Philippe Benard, Head of Supply Chain and Energy Development, emphasised that the venture aligns with Titan’s strategy to lead in low-carbon building materials while reinforcing its commitment to sustainability and innovation. The move strengthens Titan’s position in a high-growth market while ensuring long-term access to SCMs.