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Mexico: Cemex’s operating earnings have fallen in 2017 due to a lower contribution from the US and South America despite growth in Mexico and Europe. Its operating earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 7% year-on-year to US$2.57bn in 2017 from US$2.75bn in 2016. Its net sales grew by 2% to US$13.7bn from US$13.4bn and its cement sales volumes remained stable at 68.5Mt. The cement producer also reported an unexpected loss in net income of US$105m in the fourth quarter of the year, which it blamed on taxes on other costs.

“Although 2017 was a challenging year… We had important headwinds during the year: underperformance in Colombia, Egypt and the Philippines as well as increased energy costs, mainly in Mexico. As we have done in the past, we focused on the variables we control to dampen these headwinds and we continued to deliver solid results,” said Fernando A Gonzalez, Chief Executive Officer (CEO) of Cemex.

Cambodia: Chip Mong Insee Cement has launched its new plant in Kampot province. Prime Minister Hun Sen in the Banteay Meas district of Kampot attended the event, according to the Phnom Penh Post. The US$262m plant has a cement production capacity of 5000/day or nearly 2Mt/yr. The plant is a joint venture between Chip Mong Group, which owns 60% of the shares, and Thailand’s Siam City Cement. The project is intended to meet growing demand for cement in the country.

Kenya: President Uhuru Kenyatta has inaugurated National Cement’s US$280m integrated plant in Kajiado County. The clinker plant has a production capacity of 1.2Mt/yr and it set to employ 700 workers, according to the Agence de Presse Africaine. The plant also includes a 15MW captive power plant.

US: Two LafargeHolcim US cement plants have been awarded the Environmental Protection Agency’s (EPA) Energy Star award. The EPA recognised the Holly Hill plant in South Carolina and the Devil’s Slide plant in Morgan, Utah.

“Receiving the Energy Star award this year at two sites is an affirmation of the hard work all our employees are devoting every day to meeting our environmental goals,” said John Stull, chief executive officer (CEO), US Cement.

This recognition is the eighth time the EPA has awarded both the Holly Hill and Devil’s Slide plants with the Energy Star award since 2009.

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