Cement News tagged under: Central America

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GCC reports a 7% decline in net sales

30 October 2020, Published under Cement News

Mexico’s Grupo Cementos de Chihuahua (GCC) reported a 6.8 per cent YoY decline in consolidated net sales to US$281.1m for the third quarter of 2020, compared with US$301.7m in the 3Q19. The fall was primarily due to decreased cement volumes in the US, concrete volumes in Mexico and the depreciation of the Mexican peso, according to its earnings report. However, it was partially offset by higher cement volumes in Mexico and a favourable price environment in both markets. Consolidated net sa...

Cemex Latam Holdings records net sales decline of 8% in 3Q20

29 October 2020, Published under Cement News

Cemex Latam Holdings announced that its consolidated net sales declined by eight per cent in 3Q20 and EBITDA improved by 19 per cent compared to 3Q19. A controlling interest net loss of US$109m was recorded during the 3Q20. Operating EBITDA in Colombia reached US$28m, 59 per cent higher on a like-to-like basis compared to 3Q19. Net sales rose by one per cent to US$115m on a like-to-like basis compared to 3Q19. In Panama operating EBITDA reached US$1m up 54 per cent compared with 3Q19. ...

Cemex exported 9% of Mexican output in 2019

26 October 2020, Published under Cement News

Cemex exported nine per cent of its Mexican cement sales in 2019. according to CE NAFTA 2.0. The company’s data show that 67 per cent of exports were delivered to US customers while the remaining 33 per cent were shipped to other Latin American countries. Exports were mainly in the form of cement although the company also shipped some clinker.

New Cuban facility begins production of green cement

22 October 2020, Published under Cement News

After several months of tests, a new plant installed at the Marta Abreu University in Las Villas, Cuba, has begun the production of low-carbon cement (LC3). The main components of the cement are clinker, calcined clay, limestone and gypsum. At present, the plant produces around 4tpd of LC3, but production is expected to double once the new facility is fully operational.

Mexican cement market contracts 6% in 2Q20

19 October 2020, Published under Cement News

Cement sales in Mexico declined 6.3 per cent YoY in the 2Q20 as construction companies reduced their demand and there was a slowdown in private works due to COVID-19. “We are talking about volumes of 43Mt of cement sold in 2018, to fall around 40t in 2019 and this year we have a two per cent drop in the first half, but I would expect the levels of 40Mt to be maintained this year, ”,said Jamie Rocha Font, president of the national cement chamber, CANACEM. He highlighted that the boost to ...

Cemex secures green financing

14 October 2020, Published under Cement News

Cemex SA de CV has closed the amendment process under its facilities agreement, dated 19 July 2017. Cemex is extending US$1.1bn of term loan maturities by three years from 2022-25 and approximately US$1.1bn of commitments under the revolving credit agreement by one year from 2022 to 2023. Cemex is also prepaying US$530m corresponding to the July 2021 amortisation under the facilities agreement to institutions participating in the extension. The Mexican company will renominate US$313m of ...

Cement sales in Puerto Rico up 38% in September

13 October 2020, Published under Cement News

Cement sales in Puerto Rico increased 38.4 per cent YoY in September, according to the country’s statistics institute. A total of 1.41m bags of 94 pounds, or 60,119t, was sold, representing the fifth consecutive rise and the highest September sales in the last eight years. Cement sales plummeted in March and April due to the COVID-19 pandemic but have been recovering since May. However, output saw its second consecutive decline in September, down 3.6 per cent YoY to 929,000 bags, or 39,6...

Suppliers report cement shortage in Jamaica

05 October 2020, Published under Cement News

Cement retailers in Manchester and St Elizabeth, Jamaica, are reportedly struggling to meet demand after a sharp dip in supply, according to the Jamaica Observer. As a result, some hardware stores have no cement in stock and others are limiting each customer to 10 bags. The shortage allegedly began last month but has gotten worse recently. However, Norman Horne, executive chairman of cement distributor ARC manufacturing, has stated that he was not aware of a shortage.

Cemex to trial solar cement plant

01 October 2020, Published under Cement News

Cemex and Synhelion SA have developed a groundbreaking technology designed to fully decarbonise the cement manufacturing process based on solar energy.  The new approach is based on replacing the use of fossil fuels in cement plants with high-temperature solar heat, and capturing 100 per cent of the carbon emissions, enabling cement manufacturing to achieve net-zero level. This is made possible by the unprecedented temperature levels of solar heat provided by Synhelion's technology and it...

Cemex has decarbonisation roadmap validated by Carbon Trust

30 September 2020, Published under Cement News

Cemex announces that the Carbon Trust has validated its roadmap to decarbonise global operations in line with the Sectoral Decarbonisation Approach (SDA) 2-degree scenario (2DS) developed by the International Energy Agency (IEA). The validated roadmap would enable the company to achieve a 35 per cent reduction of net carbon emissions by 2030.   The validation scope included Cemex’s worldwide cement operations, with a detailed analysis of plants expected to contribute at least 80 per cent ...