Cement News tagged under: Caribbean

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Argos generates revenue of COP2.9trn in 2Q22

11 August 2022, Published under Cement News

Argos, ( Grupo Argos ) recorded revenues and strong demand for cement and ready-mix, mainly in the United States and Colombia, as well as stable operating results in an environment of high-cost inflation helped by its strategy, the flexibility of its fuel matrix and the partial hedging of fuel prices. From April to June 2022 (2Q22), the cement company generated revenues for COP2.9trn (US$670m), 15.3 per cent higher compared to the same months of the previous year. Also, it obtained an adj...

Caribbean Cement reports drop in 2Q profit

05 August 2022, Published under Cement News

Jamaica-based Caribbean Cement posted operating profit of US$28.2m in the 1H22, representing a two per cent drop YoY from US$28.8m. Net profit also slipped by two per cent YoY to US$19.7m, despite a 10 per cent increase YoY in sales to US$85.5m in the 2Q22. The drop in earnings was attributed to increased operational expenses during a downturn in the global economy.

Inflationary pressures impact Argos results in the 1Q22

11 May 2022, Published under Cement News

Argos ( Grupo Argos ) reports its 1Q22 generated record revenues of COP2.6trn (US$637.8m), up 11.2 per cent, and EBITDA of COP359bn, 17.8 per cent lower than in the 1Q21, mainly due to higher inflationary pressures that impacted costs associated with raw materials, energy, freight, and operational maintenance. The company highlights the very good price performance in all regions, which is expected to mitigate the impact of inflation on costs going forward. Cement volumes remained stable a...

Bedeschi increases Domicem's reclaiming capacity

06 May 2022, Published under Cement News

Bedeschi has been awarded the complete revamping project to be managed by Domicem ( Colacem group ) for the limestone reclaiming system located at the San Cristobal plant, Dominican Republic. 

 The original stacking and reclaiming equipment, installed by Bedeschi in 2004, allows clay and limestone handling at the plant. The revamping of the machine will improve the limestone reclaiming system, increasing its capacity from 200 to 360tph, the capacity needed to feed the new production line...

Caribbean Cement posts flat 1Q profit

06 May 2022, Published under Cement News

Caribbean Cement Co Ltd in Jamaica has reported a flat profit for its 1Q22 but views the future with optimism. In the January-March 2022 quarter, Caribbean Cement saw a profit of JMD1.59bn (US$10.3m) on a revenue of JMD6.8bn, compared to a profit of JMD1.53bn on JMD5.97bn a year earlier. "CCC remains encouraged about the future, especially given the recent actions by the Government of Jamaica to remove curfews and fully reopen the economy. The company is also heartened by the strong ceme...

Dominican cement production sees 23% advance in 2021

11 February 2022, Published under Cement News

In 2021 cement producers in the Dominican Republic manufactured 6.5Mt of cement, supplying a construction industry that saw 23.4 per cent growth as the country started its recovery from the COVID-19 pandemic. Domestic cement consumption saw a 26 per cent surge in 2021, reaching 5.5Mt. When compared with 2020, when output reached 5.17Mt, this represents an expansion of production of 25.7 per cent YoY, according to data from Adocem, the country’s cement association. “Although the industry re...

Caribbean Cement to launch Vertua-certified cement

07 February 2022, Published under Cement News

Cemex -owned Caribbean Cement Co will be launching its newly co-branded Vertua-certified cement to support the reduction in carbon emissions by 40 per cent by 2030. “Vertua is a brand that CEMEX worldwide has selected to put on all the low-carbon cement — it's an umbrella, it's a branding. We have a product that has already qualified as Vertua. Every bag you see out there that carries Carib Cement or Carib Cement plus is a low-carbon product,” said the company’s Managing Director, Yago ...

Caribbean Cement to pay 2% royalty fees to Cemex

31 January 2022, Published under Cement News

Following shareholder approval Caribbean CementCo Ltd will pay two per cent royalties to its parent company Cemex from January 2022. The agreed fee is equivalent to two per cent of net sales, half of the cap initially telegraphed to shareholders.  Caribbean Cement said in a statement that since 2017, when Cemex assumed majority control of Caribbean Cement, the plant at Rockfort has relied on Cemex's global expertise, including its safety management systems that resulted in the reduction of...

Caribbean Cement to burn waste tyres

12 January 2022, Published under Cement News

The Caribbean Cement Company Ltd (CCCL) had signed an agreement for CCCL to use tyres from the Riverton City landfill in Kingston, to help fire its kilns for the manufacture of Portland cement. There are more than 2m tyres at Riverton to dispose of. There are also more at other landfills across the island. The project will reduce Caribbean Cement’s carbon emissions.

Caribbean Cement Co provides solution for Riverton waste tyres

30 December 2021, Published under Cement News

More than 2m used tyres will be removed from the Riverton City disposal site in St Andrew, Jamaica, as part of a 10-year project, which is expected to be expanded to other refuse disposal sites across the island. The tyres will provide fuel for the kilns of the Caribbean Cement Co Ltd as part of the National Programme for the Environmentally Sound Management of End-of-Life Pneumatic Tyres, a project with the Jamaican government. Over 8700 tyres have already been taken from the Riverton fac...