Cement News tagged under: Central America
Puerto Rico’s cement sales down 9% in May16 June 2023, Published under Cement NewsCement sales in Puerto Rico declined 8.5 per cent YoY to 1.2m bags of 94lb, or 51,165t, in April 2023, according to the country’s Institute of Statistics. However, in May 2023 the market expanded by 5.7 per cent YoY to 1.4m bags, or 59,693t. In the year-to-date, approximately 6.4m bags of cement have been sold in Puerto Rico. This represents a volume of 272,881t, up 0.6 per cent YoY when compared with the January-May 2022 period. Output from domestic cement plants was down 10.1 per cent Y... |
Holcim acquires Minerales y Agregados15 June 2023, Published under Cement NewsHolcim has acquired Minerales y Agregados, a leader in advanced mortars and adhesives in Guatemala. Minerales y Agregados represents Holcim’s first production facility in Guatemala, while expanding the region’s Solutions & Products range with a new line of business. Holcim expects to deliver synergies by expanding the supply of Minerales y Agregados from its plants in Metapán, El Salvador, as well as by expanding the advanced mortars and adhesives offer from the Disensa retail network. ... |
US and Puerto Rico Portland and blended cement shipments down 6% in March07 June 2023, Published under Cement NewsTotal shipments of Portland and blended cements, including imports, in the USA and Puerto Rico declined by six per cent YoY to 8.7Mt in March 2023, according to the US Geological Survey (USGS). Of the total blended volume reported, 3.2Mt, or 96 per cent, was estimated to be Portland limestone cement (Type IL). The leading consuming states were Texas, Florida, California, Georgia, and Arizona, which accounted for 42.5 per cent of the total market. The leading producing states were Texas, Mis... |
CEMEX collaborates on university project in Mexico06 June 2023, Published under Cement NewsCEMEX is collaborating with Tecnológico de Monterrey, one of Latin America’s most prestigious private universities, on distritotec, a 15-year project that seeks to evolve the university’s campus into a more innovative, sustainable and inclusive space. CEMEX has already been involved in several phases of this Mexico-based project, which began in 2014, including providing lower-carbon building materials from its Vertua range of sustainable products and specialty mixes of architectural concre... |
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... |
US and Puerto Rican Portland and blended cement shipments down 3% in February02 May 2023, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico declined by 2.8 per cent YoY to 6.6Mt in February 2023, according to the US Geological Survey (USGS). Of the total blended volume, Portland limestone cement (Type IL) was estimated to have a share of 96 per cent (2.1Mt). The largest states in terms of cement consumption were Texas, Florida, California, Georgia and Arizona – with a combined share of 47.5 per cent of total cement consumption. The lead... |
GCC reports 146% surge in 1Q net income26 April 2023, Published under Cement NewsGCC SAB de CV posted its first-quarter 2023 consolidated sales, which saw a 17.9 per cent YoY increase to US$243.9m. EBITDA in the 1Q23 advanced 15.5 per cent YoY to US$63m. The EBITDA margin of 25.8 per cent, slightly lower than the 26.4 per cent posted in the 1Q22. Net income saw a 146.4 per cent improvement YoY to US$32.4m in the 1Q23, up from US$13.1m in the 1Q22. Enrique Escalante, GCC's CEO, said: "GCC delivered solid results for the first quarter despite significant weather disrup... |
Puerto Rican cement sales see first drop in 4 months17 April 2023, Published under Cement NewsCement sales in Puerto Rico were down 0.6 per cent YoY to 1.5m bags of 94lb, or 63,957t in March 2023, according to the country’s Statistics Institute. It is the first drop in four months. In 2022 sales fell 6.8 per cent YoY, the first decrease since 2019. Production increased 21.1 per cent YoY to 926,400 bags or 39,500t. In 2022 output increased 11.6 per cent YoY to 8.3m bags or 353,893t – the first increase in four years. |
Stable US Portland and blended cement shipments in January12 April 2023, Published under Cement NewsTotal shipments of Portland and blended cement (including imports) in the USA and Puerto Rico in January 2023 remained stable at 6.6Mt in January 2023, according to the US Geological Survey (USGS). Of the total blended cement volume, 2.1Mt or 95 per cent was Portland limestone cement (Type IL). Texas, Florida, California, Georgia and Arizona – the leading cement-consuming states – accounted for 46.7 per cent of the country’s off take. The leading producing states were Texas, Florida, Califor... |
Cemex considers exiting Phillipines03 April 2023, Published under Cement NewsCemex is considering exiting the Philippines as part of its ongoing strategy to focus on markets with higher growth and lower risk. Cemex currently owns 89.86 per cent of Cemex Holdings Philippines (CHP) through Cemex Asian South East Corp (CASEC) and runs two plants, located in Antipolo and Cebu , with a total production capacity of 5.7Mta. According to Bilyonaryo, CHP has struggled to pay the US$280m loan it borrowed to finance the expansion of its Antipolo works in 2017, with the ... |