Cement News tagged under: Cemex LatAm Holdings

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Cemex Latam Holdings reports consolidated 3Q19 sales of US$245m

25 October 2019, Published under Cement News

Cemex Latam Holdings SA reports that its consolidated net sales reached US$245m during the 3Q19, a fall of 12 per cent in US-dollar terms or four per cent in local currency terms, compared to 3Q18. Operating EBITDA totalled US$46m during the 3Q19, down 26 per cent in US-dollar terms YoY. Consolidated domestic grey cement sales volumes increased by one per cent, while ready-mix and aggregates declined by nine per cent compared to 3Q18. Consolidated prices in local currency for grey cement an...

Protests in Nicaragua affect cement sector

01 August 2019, Published under Cement News

Demonstrations against Daniel Ortega, president of Nicaragua, which began in April 2018, have reportedly had a negative impact on the country’s economy, according to Reuters. Cemex Latam Holdings has reported that its Nicaraguan business has suffered from a downturn in the construction sector, which contracted 21 per cent in 2018. "The crisis remains unresolved and continues to affect economic activity, including demand for cement," said the company in its 2Q results. 

Cemex Latam Holding sees net sales fall 8% in 2Q18

27 July 2018, Published under Cement News

Cemex Latam Holdings (CLH) reports consolidated net sales of US$280m during the 2Q18, eight per cent lower than in 2Q17, while operating EBITDA reached US$62m, 19 per cent lower than in 2Q17. In the 2Q18 domestic grey cement, ready-mix and aggregates volumes fell by eight, 14 and 12 per cent, respectively, compared to results in 2Q17. Meanwhile, consolidated prices in US-dollar terms increased by three per cent for cement, by one per cent for ready-mix and remained flat for aggregates. Jam...

Cemex speeds up Maceo opening

08 February 2018, Published under Cement News

Cemex Latam Holding has confirmed that it is solving the legal issues that prevent the opening of its new plant in Maceo, Antioquía, Colombia. The inauguration of the works was postponed in May 2017 after authorities found the plant did not have all required permits to start operation. Jaime Muguiro, the company’s president, said the company was still awaiting authorisation for the capacity expansion. At present, capacity is limited to 0.25Mta, but Mr Muguiro indicated that the facili...

Cemex Latam Holdings inaugurates Guatemala expansion

04 April 2017, Published under Cement News

Cemex Latam Holdings has inaugurated its expanded Arizona cement works in Guatemala. The project represents an investment of US$3.7m and will enable the plant to increase its production by 10 per cent to 0.545Mta. In addition, the plant’s bagging facilities have been upgraded from 65tph to 95tph. Jaime Muguiro, managing director of Cemex Latam Holdings, said that Guatemala has become a strategic location for the company. "Guatemala is a country with a lot of growth potential, we are l...

Paving the road for Colombia

23 January 2017, Published under Cement News

With an infrastructure master plan that will see COP54.8bn poured into Colombia’s road network alone, the future for the country’s cement industry is positive. Anticipating sustained market growth, existing and new players are expanding production capacity and in some cases, phasing out old, wet-process technology. By Bancolombia, Colombia. Colombia is embarking on a large-scale infrastructure master plan with a major focus on the transport network Back in May 2014, Bancolombia ...

Costa Rica: Cemex supplying road link upgrade project

06 January 2017, Published under Cement News

Cemex Latam Holdings, subsidiary of Cemex, has supplied cement to a 50km road upgrade project of the Inter-American Highway in Costa Rica. The highway was widened to four lanes, with two in either direction. Some 200,000t of high-strength cement was supplied by Cemex to produce the concrete. The road surface now features a 250mm-thick layer of concrete, which was considered more suitable for the conditions than asphalt. The new dual carriageway connects the towns of Canas and Liberia and ...

Cemex Latam Holdings 9M16 net sales fall 8%

28 October 2016, Published under Cement News

Cemex Latam Holdings SA (CLH) announced that its consolidated net sales reached US$1012m in the 9M16. This is a fall of eight per cent during the first nine months of 2016 compared to same period of 2015. The decline was mainly explained as a result of foreign exchange fluctuations and the effect of lower cement volumes from our operations in Panama and Costa Rica.  Jaime Muguiro, CEO of CLH, said: "Despite challenging demand dynamics in markets like Colombia, Panama and Costa Rica, we...

Cemex new management in CLH and Colombia

06 October 2016, Published under Cement News

Cemex Latam Holdings has made senior level organisational changes at both CLH and Cemex Colombia. The following changes have been made and are effective immediately: Juan Pablo San Agustin: appointed chairman of the Board of Directors of CLH, will remain executive vice President of Strategic Planning and New Business Development of Cemex and is a member of Cemex’s executive committee. Jaime Muguiro Domínguez: confirmed as CEO of CLH, will remain President of Cemex South, Central Am...

Cemex: Jamie Muguiro to take over Cemex Latam CEO duties

27 September 2016, Published under Cement News

Cemex Latam Holdings SA Chairman, Jaime Muguiro, will take over CEO duties in coming days after the unit said it found about US$20m in irregular payments in the construction of its new Colombian cement plant, prompting its chief executive officer to resign. Cemex SAB de CV is down more than one per cent on the stock exchange. The company terminated two senior officials and its CEO resigned to “facilitate investigations” after an internal probe found payments related to a cement plant be...