Cement News tagged under: Guatemala
Cemento Progreso acquires Cemento Interoceánico20 November 2019, Published under Cement NewsGuatemala-based Cemento Progreso has bought a 100 per cent stake in Panamanian cement producer Cemento Interoceánico, according to Panamá América. In an internal communication to its staff, Cemento Interoceánico informed its personnel that labour conditions would remain the same and there would be no change of leadership. |
New 120,000tpa cement plant for El Salvador11 September 2019, Published under Cement NewsGuatemala’s Monterrey group has laid the first stone for a new 120,000tpa cement plant on the Acajutla-Sonsonate road in Acajutla, El Salvador. Construction will be carried out by Qualicons, a Guatemalan capital construction company. The facility is located near an industrial dock, which will enable raw material imports from Asia. The new works represents an investment of US$12m and is expected to provided 600 people with employment. Commissioning of the plant is expected in December 2019. |
Cementos Progreso tests new San Gabriel plant15 March 2019, Published under Cement NewsGuatamala-based Cementos Progreso has completed its investment of GTQ3.85bn (US$501m) at its San Gabriel plant in San Juan Sacatepequez. Tests were launched in 2018 and are expected to continue in the next few months before the 4500tpd plant enters commercial operation. Initially output will be sold in the domestic market, but in the longer term, Cementos Progreso expects to export some of the production volume. |
China accounts for 15% of Central American cement imports07 January 2019, Published under Cement NewsIn the first half of 2018, Central America’s largest importing country was Nicaragua, which purchased cement from overseas sources to the value of US$28m, followed by Guatemala at US$18m. Smaller volumes were imported by El Salvador (US$12m), Honduras (US$7m), Panama (US$6m) and Costa Rica (US$5m), according to CentralAmericaData. YoY the volume of cement imports in the region advanced by two per cent from US$75.6m to US$77.1m in the 6M18 when compared with the year-ago period. Around 15... |
Cementos Progreso uses novel raw material transport technology27 November 2018, Published under Cement NewsCementos Progreso is using RopeCon material transport technology to connect the crusher with its San Gabriel cement works. Located some 35km west of Guatemala City, the 2.2Mta plant is supplied by limestone from a quarry around 200m lower than the cement plant. The raw material is then transported over hilly and wooded area and over a 1.58km distance. By using RopeCon, supplied by Doppelmayr, to transport the limestone between the crusher and the processing plant the cement producer is... |
Cemex Latin American Holdings depressed by Colombia12 February 2018, Published under Cement NewsCemex Latin American Holdings saw turnover decline by 5.5 per cent to US$1315.3m and EBITDA fell by 26.7 per cent to US$310.8m, with the margin coming down from 32.2 to 25 per cent. The trading profit deteriorated by 51.5 per cent to US$151.5m and after a further 0.6 per cent increase in financial expenses to US$63.3m and other items, the pretax profit dropped by 66.2 per cent to US$83.7m. After tax and minorities, the net attributable profit was 67 per cent lower at US$46.1m. The net debt w... |
Cementos Progreso joins the CSI05 September 2017, Published under Cement NewsCementos Progreso of Guatemala has joined the Cement Sustainability Initiative (CSI) as its first affiliate member, a new level created this year by CSI to expand its membership base and facilitate the initial steps for new joiners of the initiative. Cementos Progreso was founded in 1899 and is headquartered in Guatemala City, Guatemala. As a key player in construction industry in Latin America, the Company operates through three segments: cement, ready-mix concrete, and lime. The com... |
Central American cement trade falls 14% in 9M1625 April 2017, Published under Cement NewsThe total value of traded hydraulic cements in Central American countries fell 14 per cent from US$56m to US$48m in the first nine months of 2016, according to CentralAmericaData. Volumes dropped from 0.494Mt in 2015 to 0.426Mt in 2016. In the 9M16 the main exporter of hydraulic cements in Central America was Costa Rica with US$28m, followed by El Salvador (US$12m), Honduras (US$5m), Nicaragua (US$2m) and Guatemala (US$1m). In this period, Nicaragua was the main buyer of interregional... |
Cemex Latam Holdings inaugurates Guatemala expansion04 April 2017, Published under Cement NewsCemex Latam Holdings has inaugurated its expanded Arizona cement works in Guatemala. The project represents an investment of US$3.7m and will enable the plant to increase its production by 10 per cent to 0.545Mta. In addition, the plant’s bagging facilities have been upgraded from 65tph to 95tph. Jaime Muguiro, managing director of Cemex Latam Holdings, said that Guatemala has become a strategic location for the company. "Guatemala is a country with a lot of growth potential, we are l... |
A fragile but positive outlook05 December 2016, Published under Cement NewsWhile South America’s cement markets may have been considerably affected by the economic downturn, the Central American countries of Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama are hopeful of a better future. Domestic cement producers are looking for an upturn in cement demand, particularly following recent increases in their production capacities. By Rob Roy, ROI Economic Consulting, USA. In Honduras Argos operates the 1.3Mta Piedras Azules integrated... |