Cement News tagged under: Caribbean
Trinidad Cement post-tax profit soars in 202308 April 2024, Published under Cement NewsTrinidad Cement Ltd (TCL) saw revenue increase by 8.2 per cent YoY to TTD2.229bn (US$328.8m) from TTD2.061bn in 2022. EBITDA slipped by one per cent YoY to TTD514m, of which 85 per cent was attributed to the Jamaican operations, according to David Inglefield, the company's chairman. “Guyana also continues to improve its profitability with an increase in EBITDA of over 53 per cent compared to last year due to higher sales volumes and stronger pricing," he said. In terms of the Trinidad ... |
Caribbean Cement's expansion underway27 March 2024, Published under Cement NewsPhase one of Caribbean Cement Co Ltd ’s (CCCL’s) expansion project is well underway in Jamaica. It is anticipated that when the Rockfort plant 's expansion is completed, Caribbean Cement’s existing cement-production capacity will increase by approximately 300,000t. Phase One of CCCL’s expansion project, which will deliver an increase of up to 30 per cent in cement production, is progressing towards full completion next year. The company’s newly-appointed Managing Director, Jorge Martine... |
Argos records EBITDA of COP742bn in the 3Q2310 November 2023, Published under Cement NewsArgos reported that for the 3Q23 adjusted EBITDA stood at COP742bn (US$180.35m), increasing 25.4 per cent on a comparable basis versus 3Q22. The company's revenue in the 3Q23 slipped one per cent YoY to COP3087bn from COP3118bn in the year-ago period. The results were driven by strong pricing dynamics across all regions, combined with cost efficiencies. The adjusted EBITDA margin stood at 24 per cent for the quarter up from 19 per cent YoY. Cement dispatches reached 3.98Mt, with a contrac... |
Caribbean Cement sees 58% rise in 3Q net income01 November 2023, Published under Cement NewsJamaica’s Caribbean Cement Co , part of the TCL Group , reported revenues of JMD7bn (US$45.4m) in the third quarter of 2023, up 13.4 per cent YoY from JMD6.2bn. Operating earnings rose by 36.8 per cent to JMD2.6bn in the 3Q23 from JMD1.9bn as revenue increased and costs were contained due to a drive in operational efficiency. The company’s consolidated net income increased by 58.3 per cent from JMD1.2bn in the 3Q22 to JMD1.9bn in the 3Q23. |
Domicem commissions new kiln, doubles capacity25 October 2023, Published under Cement NewsDomicem , a subsidiary of Colacem SpA (Italy), commissioned a new kiln line at Sabana Grande de Palenque , San Cristóbal province, in the Dominican Republic, on 13 October 2023. The US$120m expansion consisted of a 3500tpd kiln line and doubles cement capacity at the existing plant to 3.8Mta. The project, which was first announced in March 2021, was executed by by Sinoma CBMI Construction (China). Domicem first entered the Dominican Republic in 2005 with the launch of its first... |
Argos MD forecasts further investments in the USA and Caribbean05 September 2023, Published under Cement NewsJuan Esteban Calle, MD of Argos SA has revealed that the company is looking to invest in the USA and nearby markets to increase imports. “In the United States, we are making a significant investment in a port in Houston, which will help increase imports,” said Mr Calle. “We are also making other relevant investments in two plants that will allow us to increase our capacity in West Virginia and South Carolina, with an additional 450,000t for the domestic market. “Furthermore, we have ... |
Argos reports a 26% EBITDA growth in 1H2310 August 2023, Published under Cement NewsArgos (Group Argos) had a solid operating period in the 1H23 recording an EBITDA of US$278m, an increase of 26 per cent and a sales rise of eight per cent or US$1.5bn. During the accounting period, Argos shipped 7.9Mt of cement, a contraction of 2.7 per cent when compared with the 1H22 and 3.5Mm 3 of concrete, down 6.5 per cent on the 1H23. This was caused mainly by the higher number of rainy days in the USA, the slowdown in house building in Colombia and by the difficult social and po... |
Argos reports record 1Q23 operating EBITDA10 May 2023, Published under Cement NewsArgos recorded an operating EBITDA of US$127m in the 1Q23, the highest achieved in a first quarter in its history and 41.3 per cent higher than in the 1Q22. Regarding consolidated revenues, it earned US$721m, representing a growth of 11.9 per cent compared to the previous year. Net profit closed at US$25m, while the leverage index stood at a level of 3.1 times, with a slight increase compared to December, mainly caused by the accelerated revaluation of the Colombian peso at the end of Ma... |
TCL raises cement price20 March 2023, Published under Cement NewsTrinidad Cement Ltd (TCL), part of CEMEX, will increase its cement prices by 20 March 2023. TCL TTD43.65 (US$6.44)/42.5kg bag and by eight per cent for Premium Plus to TTD47.83/bag. “Cement prices are in fact set to be marginally adjusted, taking into consideration some of the rising cost factors with which TCL is faced,” said the company. While cement is locally produced and had not been affected by the same price volatility as lumber and steel, the cost of local inputs, which account f... |
Caribbean Cement Co explains cement shortage08 March 2023, Published under Cement NewsCaribbean Cement Co is apologising cement shortages in Jamaica. Hardware stores in Mandeville and Christiana in Manchester and Santa Cruz in St Elizabeth had no or limited cement available. However, the shortage is only expected to last a week. "We have begun to restart the kiln after a 40-day shutdown and we will begin to stabilise supply very soon. We are apologising to our customers for any issues that they may have been experiencing," said Chad Bryan, communication and social imp... |