On Thursday, Shares of CEMEX, S.A.B. de C.V. (NYSE:CX), surged 8.47% to $7.68.
CEMEX declared that its partner CEMEX Latam Holdings, S.A. (“CLH”) (CLH.V) has accomplished the construction of the first phase of a new cement grinding plant in Ciudad Sandino, Managua.
CLH invested about U.S.$30 million for infrastructure procurement and the installation of the first cement grinding mill, with an annual production capacity of about 220,000 metric tons. The inauguration ceremony took place this Thursday, August 27, at the new facility and was attended by the President of Nicaragua, Daniel Ortega, and the Chief Executive Officer of CEMEX, Fernando A. Gonzalez.
The second phase, which is predictable to be accomplished by the end of 2017, will comprise the installation of a second cement grinding mill with an additional annual production capacity of about 220,000 metric tons and an additional investment of about U.S.$25 million. Upon completion of the second phase, CEMEX Nicaragua is predictable to reach an estimated total annual cement production capacity of about 860,000 metric tons.
CEMEX, S.A.B. de C.V., a building materials company, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, and other construction materials in Mexico, the United States, Northern Europe, the Mediterranean, South America, the Caribbean, and Asia.
Shares of St. Jude Medical Inc. (NYSE:STJ), inclined 4.46% to $72.43, during its last trading session.
St. Jude Medical, declared CE Mark approval for magnetic resonance imaging (MRI) conditional labeling for the company’s Prodigy MRI™ chronic pain system with select leads. Upon its launch, the Prodigy MRI system will become the market’s smallest MR-conditional rechargeable implantable pulse generator (IPG), in addition to the industry’s sole MR-conditional SCS system capable of delivering both St. Jude Medical’s proprietary Burst stimulation and traditional tonic stimulation.
In addition to the approval of Prodigy MRI, all Octrode™ percutaneous and Penta™ 5-column paddle leads have received MR-conditional labeling and are approved for use with Prodigy MRI. The Penta lead is the industry’s only five-column paddle lead, which offers unmatched lateral coverage to finely control current and stimulate spinal nerves based specifically on patient need.
St. Jude Medical, Inc., together with its auxiliaries, develops, manufactures and distributes cardiovascular medical devices for cardiac rhythm administration, cardiovascular, and atrial fibrillation therapy areas worldwide. It operates in two divisions, Implantable Electronic Systems, and Cardiovascular and Ablation Technologies.
Finally, Time Inc. (NYSE:TIME), ended its last trade with 2.62% gain, and closed at $20.40.
In commemoration of the 10th anniversary of Hurricane Katrina, Time Inc. and Rampante, a planned advisory, production and Distribution Company, recently declared that New Orleans, Here & Now will debut Thursday, August 27 on Time.com and across multiple other distribution platforms. Executive produced by Academy Award-nominated and New Orleans-born actress Patricia Clarkson (Pieces of April, Six Feet Under) and Golden Globe Award winner Scott Bakula (NCIS: New Orleans), New Orleans, Here & Now is an inspiring documentary series, which features six real stories from real people living in a post-Katrina New Orleans.
New Orleans, Here & Now is the first premium video content produced and distributed by Time Inc. in partnership with Rampante, Academy Award-winning Killer Films (Still Alice, Boys Don’t Cry) and Field Office Films, a New Orleans-based company created by the producers of Beasts of the Southern Wild.
As Time Inc. builds its short and long-form video business, New Orleans, Here & Now is the first original, premium video project available exclusively to Time magazine subscribers on Time.com. Starting August 27, all visitors to Time.com can view one of the six short films and subscribe to view the other five. People.com will also be highlighting one of the films, making it available to all visitors to People.com. New Orleans, Here & Now will also be viewable on Sundance Doc Club and Hulu and will be available to purchase on iTunes, Google Play and Amazon.
Time Inc., together with its auxiliaries, operates as a media company that publishes magazines in the United States, the United Kingdom, and internationally. It publishes magazines under People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light, Fortune, and Food & Wine names in the United States, in addition to about 50 diverse titles in the United Kingdom, such as Decanter and Horse & Hound.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
