Cemex increases cement price by 12%

Mexican cement giant Cemex has applied a cement price rise of between 10% and 12%. The increase, which took effect from 14 December 2015, affects 50kg sacks of grey cement. From 1 January 2016, the same price rise will be applied to the firm’s concrete and bulk cement. The current price of a sack of grey cement stands at MXN 217 (US$12.47) plus VAT, bulk cement will expand up to MXN 250 ($14.59) plus VAT and concrete up to MXN 160 ($9.33) plus VAT. Cemex has increased prices four times during 2015 to reach

December 21, 2015 Read time: 1 min

Mexican cement giant 643 Cemex has applied a cement price rise of between 10% and 12%. The increase, which took effect from 14 December 2015, affects 50kg sacks of grey cement. From 1 January 2016, the same price rise will be applied to the firm’s concrete and bulk cement. The current price of a sack of grey cement stands at MXN 217 (US$12.47) plus VAT, bulk cement will expand up to MXN 250 ($14.59) plus VAT and concrete up to MXN 160 ($9.33) plus VAT. Cemex has increased prices four times during 2015 to reach an accumulated rise of 33% by December 2015.

Quarry Products

For more information on companies in this article

Cemex

Cemex increases Q1 2016 sales by 3% to US$3.2 billion

Mexican cement giant Cemex has posted sales of US$3.2 billion for Q1 2016, an increase of 3% on a like-for-like basis compared to the same quarter of 2015.

The company’s welcome sales rise was said to be due to higher prices of its products, in local currency terms, in most of its operations, as well as higher sales volumes in the US and Europe and AME&A regions.

Cemex’s operating EBITDA increased 12% year-on-year and on a like-for-like basis during the first quarter of 2016 to $583 million. And the

February 12, 2015

Cemex CEO says firm may sell some northern Europe assets to drive debt down

Mexican construction materials giant Cemex could sell part of its business in northern Europe, the Mediterranean and Asia as part of a debt repayment plan, the company’s CEO told Reuters news agency.

Fernando Gonzalez said the firm could also sell 5 to 10% of its subsidiary Cemex Latam Holdings, and set aside 50% of its earnings from asset sales to lower its debt burden.

Cemex recently revealed a plan to cut costs and sell assets to boost its finances and cut liabilities, in a bid to regain its invest

February 9, 2017

Cemex posts tenfold year-on-year increase in 2016 net income

November 11, 2015

Cemex ponders sale of assets

Mexican cement sector giant Cemex has confirmed the option of selling assets in US to reduce its debt level, Forbes magazine reports. These operations would not affect projects related to cement or concrete sales, although assets involving aggregates could be considered.

Since 2013, Cemex remains focused on disinvesting US$1 billion-$1.5 billion by selling assets. During the January-September 2015 period, the firm reduced its liabilities by $620 million and expects to reach its target in the short-term.

July 27, 2016

Cemex sales up 6% in Q2 2016 to US$3.7 billion

Cemex, the Mexican building materials giant, increased its year-on-year consolidated net sales by 6% in Q2 2016 to US$3.7 billion. The company’s EBITDA also increased 6% during the quarter to US$771 million versus the same period in 2015.

The increase in consolidated net sales was, says Cemex, due to higher prices of the firm’s products, in local currency terms, in most of its operations, as well as higher sales volumes in Mexico, the United States, and Europe.

Fernando A. Gonzalez, Cemex’s chief exe