Cement News tagged under: Caribbean

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Argos implements simulation model for bulk cement supply

19 November 2021, Published under Cement News

At the eighth annual Simulation Conference organised by the Anylogic   software company, Argos (Argos Group) shared its model for the  optimised supply of bulk cement that it has been developing for its  terminals in the Caribbean region. This simulation is a key tool to avoid delays in the rotation of resources  and to optimise the capacity of the ships and other methods of operation that allow the efficient delivery of cement inventory in some markets where the company operates. "...

Trinidad Cement posts 3% decline in revenue

01 November 2021, Published under Cement News

Trinidad Cement Ltd (TCL) has recorded a three per cent YoY decline in revenue to TTD467m (US$68.93m) during the third quarter of 2021. "Revenue for the quarter was mainly impacted by reduced cement sales attributable to adverse weather in Jamaica. On a year-to-date basis, the TCL Group recorded consolidated revenue from continuing operations of TTD1.4bn, 12 per cent higher than the same period in 2020," said the group. TCL also reported a net income of TTD60.6m in the first nine months o...

Cemex reports net sales of US$3.8bn in 3Q21

29 October 2021, Published under Cement News

Cemex reports consolidated net sales of US$3.8bn in the 3Q21, a rise of eight per cent versus the 3Q20. EBITDA fell by one per cent to US$740m, due mainly to supply chain disruption and a sudden rise in energy and transportation costs. Consolidated cement and aggregate sales volume grew by one per cent while ready-mix grew by three per cent and urbanisation solutions grew by 16 per cent in the 3Q21.  Net debt for the company declined by US$248m versus the 2Q21 and the leverage ratio dr...

TCL engages in low-carbon cement sales

19 October 2021, Published under Cement News

Trinidad Cement Ltd's (Cemex group) ECO Cement brand has achieved the Cemex Vertua seal, the group’s global standard for products that offer a reduction in carbon emissions ranging from 15 to over 40 per cent during production, TCL officials state. However, TCL has a hard battle ahead to convince the construction industry to move towards low-carbon cements. The low-carbon product has actually been on the local market since 5 June 2020. It retails at TTD43/bag (US$6.32/bag), and is ...

WT to import 50,000t of cement into Jamaica

13 October 2021, Published under Cement News

Jamaica’s Ministry of Industry, Investment and Commerce has granted an import licence to WT Ltd, which trades under the name of Growth Tech Special Projects. The licence enables WT to import 50,000t of OPC  in several shipments from Turkey. WT Ltd is a company founded by Garth Walker, Ryan Reid and Neil Lawrence in 2017. It aims to be the island’s third cement importer. Cement is currently imported by Cemex-owned Caribbean Cement Co and The Buying House Cement Ltd.

Sinoma CBMI Construction wins order for new Domicem production line

30 September 2021, Published under Cement News

Sinoma CBMI Construction will construct a new production line for Domicem (Colacem group) in the Dominican Republic. Colacem announced, in March 2021, that it would invest US$120m in its subsidiary Domicem for the construction of a new kiln line at Sabana Grande de Palenque. The project will double the existing cement capacity at the site to approximately 3.8Mta.

Argos records 1H21 cement shipments of 8.6Mt

12 August 2021, Published under Cement News

Argos recorded cement shipments of 8.6Mt in the 1H21, an increase of 26.9 per cent compared to the 1H20. The advance was supported by the performance of the group in the USA, the Caribbean and Central America, as well as having a low comparison base. Consolidated revenues reached US$1.3bn, up 11 per cent compared to the 1H20. Likewise, EBITDA rose by 29.9 per cent to US$266.7m. EBITDA margin , excluding the profits on the sale of concrete assets, reached a record of 20.3 per cent, the hig...

Buying House Cement could fill Jamaican cement shortages

10 August 2021, Published under Cement News

Jamaica's Government is being asked to consider alternative cement suppliers to Caribbean Cement (Cemex group) becaue of recent shortages on the island, which CemNet first reported in May . For the last 15 years, Montego Bay company Buying House Cement has been importing the product to meet 10 per cent of Jamaica’s cement demand from the Domicem cement plant in the Dominican Republic. Mark Hart, chairman of Cargo Handlers, a publicly-listed company with 30 per cent shares in Buyi...

Caribbean Cement triples 1H profit

02 August 2021, Published under Cement News

Caribbean Cement’s profit for the first half of 2021 has tripled to JMD3bn (US$19.3m) from JMD1bn in the 1H20, on the back of stronger domestic demand. The company’s revenues increased 32 per cent YoY to JMD12.3bn. The increase in revenues and the improved efficiency in terms of operating cost control have been key in achieving the 1H21 results.

Caribbean Cement Co 2 years accident free

27 July 2021, Published under Cement News

Cemex-owned Caribbean Cement Co Ltd is marking two years free from accidents at its Rockfort plant in Kingston, Jamaica. The milestone was officially reached on 15 July and fell within the company's observation of Health and Safety Week between 12-16 July. "It's a good feeling to know that we can break production records but at the same time keep our people safe, so this is definitely a big achievement. In the last 10 years, we have not been able to accomplish such a feat but now that we...