Cement News tagged under: Central America
Difficult start to 2024 for US cement market26 April 2024, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the US and Puerto Rico amounted to 5.886Mt in the first month of 2024, down 14.3 per cent YoY from the 6.872Mt recorded in January 2023, according to the US Geological Survey (USGS). Of the total blended volume reported, 2.745Mt, or 98 per cent, was estimated to be Portland limestone cement. The key destination for Portland cement shipments was California after a jump of 23.9 per cent YoY to 592,269t. Followed by Tex... |
CEMEX sets record EBITDA in 1Q2426 April 2024, Published under Cement NewsCEMEX has reported net sales of US$4138m in the opening quarter of 2024, marking a three per cent increase YoY. EBITDA over the same period has advanced by five per cent to US$772m, while the EBITDA margin increased 0.5 percentage points to 18.7 per cent. According to the company, three out of its four regional markets, accounting for 90 per cent of consolidated EBITDA, saw a combined growth rate of 15 per cent over the three-month period under review. There was further growth from inv... |
GCC net income up 51% in 1Q2424 April 2024, Published under Cement NewsGCC SAB de CV reported a 11.9 per cent YoY increase in consolidated net sales to US$272.8m in the 1Q24 from US$243.9m in the 1Q23, mainly on the back of higher sales volumes in the US and favourable pricing in both markets. However, operating expenses were up by 45.5 per cent YoY to US$58.5m in the 1Q24 from US$40.2m in the year-ago period. The company posted a 31.6 per cent advance in EBITDA to US$82.9m in the first three months of 2024 when compared with US$60m in the equivalent period... |
Emissions and impacts of waste at disposal sites23 April 2024, Published under Cement NewsWith population increase comes greater waste generation. This results in a series of environmental, climate and health impacts at disposal sites, such as leachate and gas emissions. The study presented below describes the main harmful compounds generated from buried waste as well as the sustainable actions to eliminate the sources of these emissions, including waste co-processing in cement kilns. By Enrique De Hoyos, CEMEX, Mexico, Gabriela Ortiz, Debanhy Olvera, Diana Ángeles, Rodolfo de l... |
Holcim El Salvador receives positive packaging certificate23 April 2024, Published under Cement NewsHolcim El Salvador received the 100% Recovered Energy (Positive Packaging) distinction, awarded by the international certification company Société Générale de Surveillance (SGS), for recovering from the environment packaging of the same or greater amount than the paper used in its cement packaging. The recovered packaging is used in co-processing. The company recovers paper through a waste separation station in Santa Ana, where waste from 16 municipalities in the country arrives. Thanks to... |
Mexico's demand expected to cool down22 April 2024, Published under Cement NewsCement demand in Mexico is forecast to cool down with the country's major cement producing expecting modest growth in 2024 following the completion of some of the government's key infrastructure projects and a reduction in the infrastructure budget. As a result, domestic cement producers are looking to Europe for alternative sales or prepare for expansion projects in Mexico. In 2023 construction activity in Mexico advanced by 15.6 per cent, largely driven by 78 per cent growth in civil wor... |
Argos Dominica supplies Dominica International Airport16 April 2024, Published under Cement NewsArgos Dominica was selected as a key supplier for the construction of the Dominica International Airport, which is currently in the ground preparation phase. The company projects supplying a total of around 200,000t of cement throughout the construction phase. Argos Dominica has supplied more than 7500t of cement from June 2023 to date. "We are very excited to contribute to the building of Dominica's new international airport, one of the most important projects in the island's histo... |
CEMEX refinances credit agreement12 April 2024, Published under Cement NewsCEMEX has successfully refinanced its euro-denominated sustainability-linked syndicated credit agreement, extending the final maturity to 2029. The refinanced credit agreement consists of a EUR450m five-year amortising term loan, and a new EUR300m four-year committed revolving credit facility. This represents a reduction of EUR50m in the term loan and an additional source of liquidity in the form of a revolver. According to the company, the signing of this agreement is an integral par... |
Trinidad Cement post-tax profit soars in 202308 April 2024, Published under Cement NewsTrinidad Cement Ltd (TCL) saw revenue increase by 8.2 per cent YoY to TTD2.229bn (US$328.8m) from TTD2.061bn in 2022. EBITDA slipped by one per cent YoY to TTD514m, of which 85 per cent was attributed to the Jamaican operations, according to David Inglefield, the company's chairman. “Guyana also continues to improve its profitability with an increase in EBITDA of over 53 per cent compared to last year due to higher sales volumes and stronger pricing," he said. In terms of the Trinidad ... |
Mexico implements new 25kg bag05 April 2024, Published under Cement NewsMexico's National Cement Chamber (Canacem) announced the implementation of 25kg bags of cement in accordance with NOM-036-1-STPS-2018, Ergonomic risk factors at work - Identification, analysis and control (Part 1). Maribel Leyte Jiménez, Canacem's director of sustainability and environment, explained that the implementation would result in lower lumbar and spinal damage rates in the construction workers handling cement bags. The application of NOM 036, which came into force on 31 March 202... |