Cement News tagged under: Caribbbean

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Rock Hard Cement closes operations in Trinidad

20 September 2021, Published under Cement News

Rock Hard Cement has now closed its business in Trinidad and Tobago and is expected to look for opportunities elsewhere in the Caribbean. In a social media post, the company noted the challenges of operating in the country. “Unfortunately, the combination of a limit on imports of 55,000t combined with an import duty of 50 per cent means that Rock Hard Distribution Inc simply cannot operate in Trinidad.” The company had announced earlier this year that it was closing down on 1 July.

Climbing regional cement shipments for Argos in the 1H21

13 August 2021, Published under Cement News

Argos announced its 1H21 results this week with regional cement shipments climbing in the USA and in the Caribbean and Latin America.   In the USA cement volumes saw a solid increase of 5.7 per cent, because of the positive market dynamics in the country. Concrete volumes, on the other hand, fell 10.1 per cent with different behaviours throughout the territory and strongly affected by the intense rains, especially in Houston and Dallas.   Group revenues in the US during the semester re...

Argos opts for Klaveness Digital's CargoValue shipping platform

13 August 2021, Published under Cement News

Argos has signed on with Klaveness Digital to roll out shipping and logistics platform 'CargoValue' throughout the supply chain. Following a successful pilot project during the 2Q21, the move solidifies Argos’ digitalisation agenda to preserve its strong market foothold in the Americas. "CargoValue has enabled us to digitalise existing processes to improve visibility and make better decisions throughout the supply chain towards that goal,” says Gabriel Ballestas, senior director of Tradin...

Cemex to expand capacity at its Rockfort plant by 30%

06 August 2021, Published under Cement News

Cemex plans to upgrade and increase the production capacity by 30 per cent of its Rockfort cement plant in Jamaica. This planned increase would strengthen the self-sufficiency of the national cement industry, reduce dependency on cement imports and reinforce CCCL’s ability to serve the growth of the construction sector in Jamaica and the Caribbean.   Cemex anticipates that once this planned expansion is finished, CCCL will increase its existing cement production capacity by approximately...

Cayman Islands expands import list to counter cement shortage

21 July 2021, Published under Cement News

The Cayman Islands has added three countries to its list of approved cement providers to help ease shortages currently being experienced by the domestic construction industry. The Customs & Border Control (Prohibited Goods) (Amendment) Order 2021 has added Colombia, Cuba and Panama as authorised countries for the purposes of importing cement. "The PACT Government is committed to supporting sustainable development, lowering construction costs and encouraging increased Caymanian home ownersh...

Caribbean Cement signs MoU for tyre usage

24 June 2021, Published under Cement News

The Jamaican government has signed a Memorandum of Understanding with Caribbean Cement Co for the usage of end-of-life pneumatic tyres. The company will take used tyres from landfills and convert them into an alternative fuel. Prime Minister Andrew Holness noted that more than 2m used tyres are generated in Jamaica per year and landfills receive approximately 185,700 tyres per year. Caribbean Cement's Managing Director, Yago Castro, stated that the agreement symbolises the continuation ...

Caribbean Cement sees sales rise 31%

07 June 2021, Published under Cement News

Jamaica’s Caribbean Cement Ltd has posted a 31 per cent YoY increase in sales to JMD5.97bn (US$40.15m) for the first quarter of 2021. Net profit also surged 216 per cent to JMD1.53bn, already representing 48 per cent of 2020’s full-year total, according to the Jamaica Observer. The company also set a new production record of 100,000t of cement in March. The rise in figures comes as the country records a strong performance from the construction sector across the board.

Construction sector reports Jamaican cement shortage

17 May 2021, Published under Cement News

Members of the construction industry in Jamaica are reporting a cement supply shortage, as the country reaches its peak demand season. According to the Jamaica Observer, a hardware dealer on the south coast noted that it may have to cut staff if the shortage continues, adding that there has also been a hike in the price of construction materials. "What has been happening over the past two weeks is there has been unprecedented demand for cement, but we have been supplying the market. And, ...

Argos sees high 1Q21 cement volumes in Colombia and Central America

11 May 2021, Published under Cement News

In the 1Q21 Argos recorded consolidated income of US$651.6m and EBITDA was US$125.1m. This was thanks to better dynamics in all markets and a lower comparison base in Colombia, and the Caribbean and Central America.   Cement volumes reached 4.1Mt, thus representing an increase of 19 per cent compared to the 1Q20. Cconcrete shipments totalled 2Mm 3 , with a decrease of 4.4 per cent, mainly caused by weather conditions in the USA and a slower recovery of formal construction in Colomb...

Cementos Argos' 4Q20 regional results

26 February 2021, Published under Cement News

Following yesterday’s financial results , Colombia’s Cementos Argos has also reported its regional breakdown for the final quarter and full year of 2020. USA region The company’s USA region saw a three per cent decline in cement volumes to 1.489Mt in the final quarter of 2020, compared with 1.535Mt in the 4Q19. The construction sector maintained a positive trend, supported by the strong performance of the residential segment and by a slight improvement in the infrastructure sector, accor...