Cement News tagged under: Cementos Progreso

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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....

Cementos Progreso to construct new plant, Guatemala

02 September 2013, Published under Cement News

Guatemala’s largest producer, Cementos Progreso, plans to spend US$720m on the construction of a new cement plant, according to local news reports. The greenfield plant will be constructed in the San Gabriel Buena Vista farm in San Juan Sacatepequez and have an installed capacity of 2.3Mta, according to reports by Prensalibre.com. Completion is expected in 2016. Cementos Progreso currently operates two cement plants and accounts for 3Mta of Guatemala’s 3.5Mta total capacity. At the end ...

Cementos Progreso begins building San Gabriel works

22 July 2013, Published under Cement News

Cementos Progreso started construction on its new plant in San Juan Sacatepéquez, 30km of the capital, in northeastern Guatemala. It is expected that construction of the 2.2Mta plant will take three years and is scheduled to come online in 2017. The project includes reforestation programmes. On a 836ha site, the plant covers an area of 64ha with the remainder left as green belt. Moreover, it will also support the municipality’s development plan and will include a 14km link road between t...

Guatemalan residents protest against new local plant

12 July 2013, Published under Cement News

Guatemalan residents are protesting against a factory under planning by Cementos Progreso in San Juan Sacatepéqyuez, some 30km northwest of Guatemala City, according to local press. Members of 12 local communities claim they were not consulted prior to works commencing and that emissions from the plant will affect the local environment. The cement factory will be built in the area to serve construction of a 24km highway known as the "Anillo Regional" that will connect the departments o...