Cement News tagged under: Central America
Argos Dominica supplies Dominica International Airport16 April 2024, Published under Cement NewsArgos Dominica was selected as a key supplier for the construction of the Dominica International Airport, which is currently in the ground preparation phase. The company projects supplying a total of around 200,000t of cement throughout the construction phase. Argos Dominica has supplied more than 7500t of cement from June 2023 to date. "We are very excited to contribute to the building of Dominica's new international airport, one of the most important projects in the island's histo... |
CEMEX refinances credit agreement12 April 2024, Published under Cement NewsCEMEX has successfully refinanced its euro-denominated sustainability-linked syndicated credit agreement, extending the final maturity to 2029. The refinanced credit agreement consists of a EUR450m five-year amortising term loan, and a new EUR300m four-year committed revolving credit facility. This represents a reduction of EUR50m in the term loan and an additional source of liquidity in the form of a revolver. According to the company, the signing of this agreement is an integral par... |
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 ... |
Mexico implements new 25kg bag05 April 2024, Published under Cement NewsMexico's National Cement Chamber (Canacem) announced the implementation of 25kg bags of cement in accordance with NOM-036-1-STPS-2018, Ergonomic risk factors at work - Identification, analysis and control (Part 1). Maribel Leyte Jiménez, Canacem's director of sustainability and environment, explained that the implementation would result in lower lumbar and spinal damage rates in the construction workers handling cement bags. The application of NOM 036, which came into force on 31 March 202... |
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... |
CEMEX sets the pace in 202325 March 2024, Published under Cement NewsCEMEX has released its Integrated Report, entitled 'Setting the Pace', which outlines the company’s strategic vision, operational performance, and value creation in 2023. Last year saw CEMEX achieve record growth in EBITDA and make significant progress in its decarbonisation efforts, reducing Scope 1 and 2 CO 2 emissions by 13 and 12 per cent, respectively, since 2020. This comes as the company launches its ‘Regenera’ waste management business globally, as part of its Urbanisation Solutio... |
CEMEX reveals strategy for EBITDA growth22 March 2024, Published under Cement NewsCEMEX has outlined its strategy to achieve high single-digit EBITDA growth in the medium term. According to the company, since 2020 it has focussed on rebalancing its portfolio towards the US, increasing its percentage of EBITDA contribution from 24 to 29 per cent. CEMEX now intends to increase this to 40 per cent by expanding its growth capex and investing divestment proceeds to the region. Speaking at an investor day in New York, Fernando A González, CEO at CEMEX, said that the focus... |
Holcim acquires two COMOSA ready-mix plants21 March 2024, Published under Cement NewsHolcim has acquired two ready-mix concrete plants of COMOSA in Querétaro, central Mexico. The acquisition is expected to strengthen Holcim’s presence in the local market, which has 70 ready-mix plants. With a total capacity of 120m 3 /h, Holcim will double its current capacity to 36,000m 3 of concrete per month. "This expansion not only strengthens our production network, but also underscores our continued commitment to sustainable construction and innovation," said Manuel Sirtori, di... |
S&P upgrades CEMEX's credit rating15 March 2024, Published under Cement NewsRating agency Standard & Poor’s (S&P) has upgraded CEMEX ’s long-term global scale issuer credit rating to Investment Grade (BBB-) due to its strong financial and operating performance, deleveraging strategy, and flexible capital allocation. “Achieving an investment-grade credit rating from S&P is a very important milestone for CEMEX,” said Fernando A González, CEO of CEMEX. “While we had record results last year, this rating is recognition of successful execution against our medium-te... |
Holcim Mexico appoints Jorge Gonzalez as CFO15 March 2024, Published under Cement NewsJorge Gonzalez has been named as the new CFO of Holcim Mexico , the Mexican division of one of the largest global producers of building materials. This move, by the company, is reportedly aimed at strengthening their position as an industry leader in sustainable construction materials. The new CFO says, “I am excited to take on this new challenge at a key moment for Holcim Mexico, in which we are accelerating our growth in the country significantly.” This appointment comes after the exe... |