Cemex posts 10% sales rise on strong U.S., Mexico demand

Asia's Tech News Daily

Cemex posts 10% sales rise on strong U.S., Mexico demand
© Reuters/DANIEL BECERRIL FILE PHOTO: FILE PHOTO: The logo of Mexican cement maker CEMEX is pictured at its plant in Monterrey

(Reuters) – North America’s top cement producer Cemex SAB de CV reported a 10% rise in quarterly sales on Thursday, helped by strong demand in the United States and Mexico, even as it faced supply chain disruptions and a spike in energy and transportation costs.

The COVID-19 pandemic has crippled companies’ ability to send and receive product parts and supplies across the world. Cemex warned earlier this month that those snags coupled with inflation and foreign exchange effects could hit its full-year earnings by about $100 million.

In the United States, Cemex’s biggest market, net sales rose 10% to $1.12 billion in the third quarter, while Mexico sales rose 20% to $868 million.

Cemex said it had implemented a second round of price increases in the reported quarter for its cement and ready-mix businesses in the United States, with prices up 2% from the prior three months.

“We are confident that our pricing strategy will more than compensate for the sudden runup in input cost inflation we have experienced,” said Chief Executive Fernando González.

Cemex posted a net loss of $376 million in the quarter, compared with a loss of $1.54 billion a year earlier.

(Reporting by Kannaki Deka in Bengaluru; Editing by Ramakrishnan M.)

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Covid live: UK reports 43,992 cases and 54 deaths; protests in Brussels turn violent

LIVE – Updated at 17:30 © Photograph: Hollie Adams/Getty Images A pop-up Christmas market at Trafalgar Square in London. Hospitals already struggling to cope as they enter winter, says president ... Read more »

Modified coding eases afternoon traffic – MMDA

© STAR/Boy Santos, file Modified coding eases afternoon traffic – MMDA MANILA, Philippines — The first few days of the implementation of the modified number coding scheme in the National ... Read more »

Security, Intelligence Grid in Place in Ayodhya Ahead of Anniversary of Babri Masjid Demolition

© Provided by News18 Security, Intelligence Grid in Place in Ayodhya Ahead of Anniversary of Babri Masjid Demolition Security has been tightened in Ayodhya in view of the anniversary of ... Read more »

Madhya Pradesh logs 13 new COVID-19 cases, zero deaths; active tally at 79

The COVID-19 tally in Madhya Pradesh reached 7,92,969 on Sunday with the addition of 13 cases, while the death toll remained unchanged at 10,524, an official said. The recovery count ... Read more »

Grösstes Talent Österreichs: Motocross-Pilot (†19) stirbt bei Lawinen-Unglück

© Bereitgestellt von Blick Motocross-Pilot (†19) stirbt bei Lawinen-Unglück Trauer in der Motocross-Szene! Auf dramatische Art und Weise verliert sie eines ihrer grössten Talente. Der erst 19-jährige Österreicher René Hofer ... Read more »

Labour row as two Asian women in shadow cabinet lose advisers

Labour is embroiled in a tussle over advisers as it emerged two Asian women in the new shadow cabinet will no longer have their own personal aides. Keir Starmer redrew ... Read more »

Fred schiesst ManUtd beim Rangnick-Debüt zum Sieg – Tottenham kommt unter Conte in Fahrt

© PETER POWELL/keystone-sda.ch epa09624001 Fred of Manchester United celebrates after scoring the 1-0 lead during the English Premier League soccer match between Manchester United and Crystal Palace in Manchester, Britain, ... Read more »

Rangnick behält Weisse Weste: Fred schlenzt ManUtd zum zweiten Sieg in Folge

© Bereitgestellt von Blick Fred schlenzt ManUtd zum zweiten Sieg in Folge Am Sonntag Tottenham – Norwich 3:0 Die Tore: 10. Moura 1:0, 67. Sanchez 2:0, 77. Son 3:0. Manchester ... Read more »

Health agency urges millions in UK to get flu jab by 10 December

Photograph: Andy Rain/EPA Millions of people are being urged to get a flu jab by Friday to maximise protection over Christmas, as new figures reveal that more than half of ... Read more »

Zwei Piloten im Spital: Schlimmer Startcrash in der Formel 2

© Bereitgestellt von Blick Schlimmer Startcrash in der Formel 2 Théo Pourchaire, der Fahrer der Sauber Academy startet von der dritten Position, kommt nicht vom Fleck. Die Fahrer hinter ihm ... Read more »

Sheikh Mohammed bin Rashid visits Spain pavilion at Expo 2020 Dubai

© Provided by The National Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, visits the Spain pavilion at Expo 2020 Dubai, accompanied by Sheikh Maktoum bin Mohammed, Deputy ... Read more »

College Football Playoff field set: Alabama vs. Cincinnati, Michigan vs. Georgia

There is Alabama, last year’s champion which was ranked No. 1 in the preseason. Georgia, the nation’s most dominant team before a surprising slipup. An unexpected entrant in Michigan and ... Read more »

7 Korean musicians you need to know

© Provided by Independent Online (IOL) When it comes to music, language is no barrier. That’s because, as clichéd as it might sound, music really is a universal language. This ... Read more »

'The last thing that we want is another wave': Governor

Despite two cases being detected in his state, Colorado Gov. Jared Polis reiterated he’s not yet alarmed by the emergence of the omicron variant. “We always wish that we had ... Read more »

Police clash with protesters in Brussels at demonstration over Covid-19 measures

Belgian police clashed with protesters and used water cannons in Brussels on Sunday during a demonstration against the government’s Covid-19 measures. © Kenzo Tribouillard/AFP/Getty Images Belgian riot police walk past ... Read more »

F1 Saudi Arabian Grand Prix LIVE RESULTS: Race UNDERWAY, Hamilton and Verstappen battle for lead – latest updates

THE Saudi Arabian Grand Prix is UNDERWAY! Lewis Hamilton began the race on pole and is battling for the Driver's Championship with Red Bull's Max Verstappen. The Dutchman can win ... Read more »

The West Block – Episode 6, Season 11

© Global News THE WEST BLOCK Episode 6, Season 11 Sunday, December 5, 2021 Host: Mercedes Stephenson Guests: Omar Alghabra, Transport Minister Dr. Zain Chagla, Infectious Diseases Physician Maryscott Greenwood, ... Read more »

Bob Dole death: Former Republican presidential candidate and long-serving senator dies, aged 98

© Independent Breaking News Former Sen Bob Dole, the longtime Republican politician who ran for president and vice president amid decades of service in DC, died on Sunday. A statement ... Read more »

Two LeT terrorists arrested in Shopian

© Provided by The Statesman Two LeT terrorists arrested in Shopian Police along with security forces on Sunday arrested two active terrorists of Lashkar-e-Taiba (LeT) in south Kashmir’s Shopian. A ... Read more »

How to master Sage in Final Fantasy XIV Endwalker

© Provided by Dot Esports Final Fantasy XIV‘s latest expansion Endwalker is here, and healer mains are in for a treat. One of two new classes introduced alongside the expansion ... Read more »

Halo Infinite Multiplayer modes have been uncovered

© Provided by GamePur Halo Infinite’s Multiplayer has been well received, but valid criticisms from fans point to issues that must be addressed before the game can reach its full ... Read more »

TOTW 12 Predictions FIFA 22: Who's Getting in?

TOTW 12 predictions for FIFA 22 are coming in as another week of matches wrap up during the Team of the Group Stage promotion. Team of the Week has had ... Read more »

Security, Intelligence Grid in Place in Ayodhya Ahead of Anniversary of Babri Demolition

© Provided by News18 Security, Intelligence Grid in Place in Ayodhya Ahead of Anniversary of Babri Demolition Security has been tightened in Ayodhya in view of the anniversary of the ... Read more »

Minister confirms the first case of Omicron detected in Delhi

© Provided by The Statesman Minister confirms the first case of Omicron detected in Delhi Delhi Health Minister Satyendar Jain confirmed on Sunday that the first case of the Omicron ... Read more »

Myanmar military truck rams down protesters, 3 feared dead

© Provided by Zee News Bangkok: An army vehicle barrelled into a peaceful march of anti-government protesters in military-ruled Myanmar’s biggest city on Sunday, reportedly killing at least three people, ... Read more »

COVID-19 alert! 59 students, 10 school staff test positive in Karnataka's Chikkamagaluru

© Provided by Zee News Chikkamagaluru: Amid concern over ‘Omicron’, around 69 people including 59 students and 10 staff members have tested COVID-19 positive at a Jawahar Navodaya School in ... Read more »

Jacques und Gabriella von Monaco erkunden den Weihnachtsmarkt

© Getty Images Fürst Albert und seine Zwillinge Prinz Jacques und Prinzessin Gabriella anlässlich des monegassischen Nationalfeiertages am 19. November. Am Freitag besuchten Prinzessin Gabriella und Erbprinz Jacques den Weihnachtsmarkt ... Read more »

Grandmother of Arthur Labinjo-Hughes in tears during vigil for murdered six-year-old

Arthur Labinjo-Hughes’ grandmother Madeline Halcrow broke down in tears at a vigil held for the murdered six-year-old on Sunday. © PA Wire Madeleine Halcrow was at the vigil (Jacob King/PA) ... Read more »

"Might be a possibility": Journalist drops Celtic transfer claim involving 23 y/o star

Journalist Peter O’Rourke has said that Celtic “definitely” won’t sign Tottenham defender Cameron Carter-Vickers in January, but next summer is a possibility. © GiveMeSport p1flr8sbqp1a63lagqp9fo5175ub.jpg The USA international is on ... Read more »

'Ronaldo's work off the ball, chapeau' - Man Utd star's pressing impresses Rangnick as new manager starts with a win

Ralf Rangnick has praised Cristiano Ronaldo for his work off the ball as the German coach’s reign at Manchester United started with a 1-0 win against Crystal Palace. A goal ... Read more »

Hawaii County police seeks Hale Nani inmate who escaped

Dec. 5—Hawaii County police are looking for an inmate, considered dangerous, who escaped from the Hale Nani Reintegration Center Friday night. Keahi Sale, 32, who is serving time for first-degree ... Read more »

Factbox-Humor of the late former Senator Bob Dole

FILE PHOTO: Bob Dole sits with former President Bush and his wife Barbara. Former Senator Bob Dole was renown for a sense of humor that could be self-deprecating, good natured ... Read more »

Ralf Rangnick's favourite tactic has already had an impact on Manchester United

Manchester United supporters were eagerly awaiting to see what Ralf Rangnick could implement in the space of no time, and it’s clear there’s been an impact already. Sunday’s 1-0 win ... Read more »

Omicron variant: The 'most important' symptoms to be aware of - have you spotted them?

The World Health Organisation says there is not currently any evidence to support the suggestions the symptoms of the new Omicron strain differ from those of the previous strains. Large ... Read more »

Four people are arrested in Derby on suspicion of murder

© Provided by Daily Mail MailOnline logo Three men and a woman have now been arrested on suspicion of murder after a woman died following an incident at a house in ... Read more »

In new blow to Venezuelan opposition, major leader quits interim government

FILE PHOTO: Representative of the Venezuelan opposition leader Juan Guaido, Julio Borges is seen before a meeting of the Lima Group in Brasilia By Deisy Buitrago and Vivian Sequera CARACAS ... Read more »

Factbox-Facts about the late former Senator Bob Dole

FILE PHOTO: Former U.S. Secretary of Transportation Elizabeth Dole and her husband, former Senator Bob Dole, are pictured at the unveiling of a statue of former U.S. President Ronald Reagan ... Read more »

Motor racing-F2 racers Fittipaldi and Pourchaire taken to hospital after start line crash

Formula Two racers Theo Pourchaire and Enzo Fittipaldi were airlifted to hospital on Sunday after a start-line crash in the Saudi Arabian round of the Formula One feeder series. Both ... Read more »

Doctors ‘incredibly frustrated' that unvaccinated Covid patients are delaying NHS operations

Doctors have said it is “incredibly frustrating” that unvaccinated people who are seriously unwell with Covid-19 are delaying the care of other patients. The British Medical Association said that a ... Read more »

COA questions P14.97 billion in PhilHealth emergency payments

The Commission on Audit is questioning payments made by the Philippine Health Insurance Corporation (PhilHealth) amounting to P14.97 billion under its interim reimbursement mechanism. In its report, COA said PhilHealth ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic