Cement News tagged under: Cementos Progreso

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Cemex and Cementos Progreso see growth scenarios

07 January 2022, Published under Cement News

At the end of last year, Cemex agreed to the sale of its Costa Rica and El Salvador operations to Guatemala's Cementos Progreso for US$335m. ICR discusses the ongoing Cemex strategy of Operation Resilience and considers how the new assets will fit in with Cementos Progreso's portfolio. Cemex's divestment included the sale of one fully-integrated cement plant, one grinding station, seven ready-mix plants an aggregate quarry and a distribution centre in Costa Rica as well as a distribut...

Cemex to sell Costa Rica and El Salvador operations to Cementos Progreso

30 December 2021, Published under Cement News

Mexico-based Cemex has signed an agreement for the sale of its operations in Costa Rica and El Salvador with Guatemala’s Cementos Progeso Holdings, for the amount of US$335m, to be completed in the first quarter of 2022. The assets up for sale include an integrated cement plant, a grinding station, seven concrete plants, an aggregates quarry and a distribution centre in Costa Rica as well as a distribution centre in El Salvador. The disposal of the operations are in line with Cemex’s str...

Cementos Progreso to increase its regional presence

30 November 2021, Published under Cement News

Guatemala-based Cementos Progreso (CEMPRO) is seeking to increase its participation in the regional market. Following the investment made at its San Gabriel plant in San Juan Sacatepéquez, the Guatemalan company is exploring various investment areas in Central America, according to a company spokesperson. It recently entered the Belize and Panama markets and strengthened its participation in Honduras where they hold a leading position. The firm also has presence in Colombia (South America). ...

Cementos Progreso acquires Cemento Interoceánico

17 January 2020, Published under Cement News

Guatemala’s Cementos Progreso has acquired a 100 per cent stake in Cemento Interoceanico SA, a Panama-based producer. Fabrega, Molino & Mulino acted as a legal adviser to Cementos Progreso, while Morgan & Morgan represented Cemento Interoceanico, according to Market Line.

GCCA welcomes two new members and three affiliates

29 October 2019, Published under Cement News

The Global Cement and Concrete Association (GCCA) has added two new member companies and three new affiliates. Membership now totals 38 member companies and 18 affiliates. The new member companies are Cementos Progreso SA of Guatemala and Vassiliko Cement Works Public Co Ltd of Cyprus. In addition, the association confirmed three new affiliates who will partner the GCCA to achieve shared goals and specific objectives. These companies comprise Cement Concrete & Aggregates Australia (CCAA )o...

Cementos Progreso tests new San Gabriel plant

15 March 2019, Published under Cement News

Guatamala-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.

Cementos Progreso uses novel raw material transport technology

27 November 2018, Published under Cement News

Cementos 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...

Cementos Progreso joins the CSI

05 September 2017, Published under Cement News

Cementos 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...

Guatemala: Fitch affirms Cementos Progreso IDRs, Outlook Stable

25 September 2015, Published under Cement News

Fitch Ratings has affirmed Cementos Progreso SA's (Cempro) Issuer Default Ratings (IDRs) at 'BB+'. The Rating Outlook is Stable. Cempro's 'BB+' ratings reflect the company's leading position in Guatemala's cement industry. Its solid market position is viewed as sustainable considering the country's limited infrastructure and challenging logistics, which limit imports and significantly increase cement distribution costs. Further deterrents include the company's extensive distribution netwo...

Guatemala: protests over new plant

22 September 2014, Published under Cement News

The construction of Guatemala’s newest cement plant for Cementos Progreso has led to disturbances and protests that has resulted in several fatalities and casualties, according to The Associated Press. The main incidents took place at Pajoques, a town about 40km west of the capital, Guatemala City. Local residents supporting the development projects argued with opponents, who say the construction would damage their lands, Interior Minister Mauricio Lopez Bonilla told The Associated Press....