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Cematrix Corporation V.CVX

Alternate Symbol(s):  CTXXF

CEMATRIX Corporation is a Canada-based company, which manufactures and supplies technologically advanced cellular concrete products developed from formulations across North America. The Company’s cement-based material with superior thermal protection delivers to a range of problems facing the infrastructure, industrial, energy and commercial markets. It supplies and installs lightweight cellular concrete with a cast density as low as 400 kg/m3. Its cellular concrete is commonly used as an insulation material for oil and gas facility slabs, roadways, shallow utilities and contaminated site remediation that requires ground heating. Its grout and flowable fill applications include tunnel grouting, annular pipe grout, pipe abandonment, and flowable fill. The Company’s wholly owned operating subsidiaries include CEMATRIX (Canada) Inc. (CCI), Chicago based MixOnSite USA Inc. (MOS) and Bellingham based Pacific International Grout Company (PIGCO).


TSXV:CVX - Post by User

Comment by Tan4646on Aug 11, 2022 12:53pm
118 Views
Post# 34888736

RE:QTR result out

RE:QTR result out".......Revenues for the second quarter were consistent with the previous year, but below expectations as CEMATRIX continued to be impacted by global supply chain challenges, in particular, the shortage of cement supply in key markets that we operate in,” stated Mr. Jeff Kendrick, President and CEO of CEMATRIX. “Cement shortages resulted in project delays, higher project input costs and a number of lost opportunities. We expect these cement supply issues to continue for the balance of the year.”.......

Anyone who did not know cement was in short supply around the world, has not been paying attention,  so sell and GTFO...

it is a construction company
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