Cement News tagged under: Cemex Latam Holdings
Cemex Latam Holdings inaugurates Guatemala expansion04 April 2017, Published under Cement NewsCemex 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 Colombia23 January 2017, Published under Cement NewsWith 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 project06 January 2017, Published under Cement NewsCemex 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 NewsCemex 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 Colombia06 October 2016, Published under Cement NewsCemex 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 duties27 September 2016, Published under Cement NewsCemex 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... |
Cemex Latam Holdings SA's 1Q16 sales down 11%22 April 2016, Published under Cement NewsCemex Latam Holdings SA (CLH) announced today that consolidated net sales reached US$316m during the 1Q16, a decline of 11 per cent versus 1Q15. This decline is mainly explained by foreign-exchange fluctuations and lower sales in our operations in Panama and Costa Rica. Adjusting for foreign-exchange fluctuations, consolidated net sales in the first quarter rose by three per cent, on a YoY basis. Operating EBITDA, also adjusted for foreign-exchange fluctuations, increased by six per cent, ... |
Cemex Latin American Holdings profits drop 65%05 February 2016, Published under Cement NewsCemex Latin American Holdings saw turnover decline by 17.3 per cent to US$1427.1m and EBITDA dropped by 22 per cent to US$449.8m with the margin declining from 33.5 to 31.5 per cent. The trading profit fell by 41.2 per cent to US$281.5m and after an 18.5 per cent drop in financial expenses to US$73.7m and other items, the pretax profit dropped by 55 per cent to US$188.5m. After tax and minorities, the net attributable profit emerged 65.1 per cent lower at US$95.9m. The net debt was 9.3 pe... |
Cemex inaugurates grinding mill in Nicaragua28 August 2015, Published under Cement NewsCemex announced today that its subsidiary Cemex Latam Holdings, SA has completed the construction of the first phase of a new cement grinding plant in Ciudad Sandino, Managua. CLH invested approximately US$30m for infrastructure procurement and the installation of the first cement grinding mill, with a capacity of approximately 220,000tpa.. The inauguration ceremony took place yesterday at the new facility and was attended by the President of Nicaragua, Daniel Ortega, and the Chief Executi... |
Cemex to increase capacity of Costa Rica cement works19 December 2014, Published under Cement NewsCemex Latam Holdings (CLH) is to increase cement capacity of its plant located in Colorado, Costa Rica by approximately 25 per cent, reaching a capacity of 1.1Mta by 2017. The total investment is expected to be approximately US$35m over a three-year period including the construction of a new grinding mill, as well as several capacity enhancing projects on its clinker production line. “With this increased capacity we will strengthen our position in Costa Rica, reiterating our commitment t... |