Elementia Plans New $30m Plant in Mexico

Elementia announced the development of a cement grinding facility in Progreso, a port city in the Yucatan Peninsula of Mexico, with a total investment potentially reaching $30 million. A production line will have an installed capacity of more than 250,000 tons per year.

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LafargeHolcim Accelerates Growth Momentum

LafargeHolcim announced that revenue grew 6.2 percent in the second quarter of 2018. For the first six months, net sales grew 4.8 percent on a like-for-like basis. Over the first six months, Recurring EBITDA was down -1.4 percent on a like-for-like basis but earnings increased in the second quarter, with Recurring EBITDA up by 1.5 percent, largely offsetting a soft first quarter.

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Royal White, Penna Join WCA

The World Cement Association (WCA) announced that Houston-based Royal White Cement and Penna Cement of India are the latest additions to its international membership, which now spans 38 countries. Both companies join as corporate members.  

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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 on markets with the greatest long-term growth potential and selling between $1.5 billion and $2 billion of assets.

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