Cement News tagged under: Central America

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Cemex plans Guatemalan expansion

17 September 2021, Published under Cement News

Cemex will increase its cement capacity in Guatemala by early 2023 with a new grinding mill at the Arizona facility in the port of San José. The new mill will increase cement capacity from 0.4Mta to 0.9Mta and will cost approximately US$25m. Cemex plans to produce low-carbon cements with the extra capacity. "This investment reinforces Cemex’s commitment to Guatemala’s development and reflects our confidence in the favourable outlook of the economy in the country and the region," said J...

Puerto Rican cement sales drop 10%

14 September 2021, Published under Cement News

Cement sales in Puerto Rico decreased 9.6 per cent YoY to 51,165t (or 1.26m bags), the third-consecutive YoY fall, according to the Bank of Economic Development (BDE). Cement sales had been increasing since May 2020 following the end of lockdown, peaking at 1.6m in June 2020, which represented the highest sales since 2012. By the end of the year, sales had advanced 2.8 per cent when compared with 2019.

US and Puerto Rican Portland and blended cement market remains stable in June

08 September 2021, Published under Cement News

Total shipments of Portland and blended cement, including imports, in the USA and Puerto Rico remained stable at 10.1Mt in June 2021, according to the US Geological Survey (USGS). Texas, California, Florida, Ohio and Illinois – the leading cement-consuming states – accounted for 37 per cent of the US market. Output of Portland and blended cement in June 2021 was the highest in Missouri, California, Texas, Florida and Tennessee, which accounted for a combined share of 40 per cent of domesti...

Cemex launches its Sustainability-Linked Financing Framework

08 September 2021, Published under Cement News

Cemex has launched its most comprehensive 'Sustainability-Linked Financing Framework' to date. The framework further aligns Cemex's sustainability commitments to its financing strategy, as part of its Future in Action programme. Cemex's guiding principles for new sustainability-linked financing instruments, including public bonds, private placements, loans, derivatives, working capital solutions and other financing instruments are set out in the framework. "Climate change is one of the...

Salvadoran cement prices up 4% in August

03 September 2021, Published under Cement News

Cement prices in El Salvador have increased four per cent YoY to US$7.87/42.5kg bag in August 2021 from US$7.57/bag, delivered ex-works. Retail prices rose by 3.6 per cent YoY to US$8.68/bag from US$8.38/bag over the same period.

Holcim buys 51% stake in Costa Rican RMC producer

01 September 2021, Published under Cement News

Holcim Costa Rica has announced its acquisition of a 51 per cent stake in ready-mix concrete producer Concretera Nacional, Costa Rica. The step will make Holcim one of the largest building material and construction companies in the Central American country. Concretera Nacional, established in 2004, has three plants – Pavas, Alajuela and Cinco Esquinas –  in the greater San José area. However, the transaction had been delayed due to concerns that it would create an unfair monopoly in the d...

Cementos Cibao opens new grinding unit

31 August 2021, Published under Cement News

Cementos Cibao inaugurated its new 134tph cement grinding plant in the presence of the Dominican Republic’s President Luis Abinader. The project represents a multi-million dollar investment and sees the plant meeting not only higher efficiency but also stricter environmental standards. Equipment for the new plant, including a vertical roller mill, was supplied by Germany-based thyssenkrupp. "With regard to production processes, we draw up plans to move forward to be more friendly with the ...

Peruvian cement prospects

19 August 2021, Published under Cement News

Peru’s domestic cement market has been showing signs of recovery since the onset of COVID-19 and the local cement sector played an important role in helping to cushion the effects of the pandemic. The country’s cement association, Asocem, provides an overview of recent industry trends amid challenging times and prospects for continued recovery. By Asocem, Peru. The cement industry in Peru has been investing in reducing the environmental impact of operations. Changes in energy usage...

Argos records 1H21 cement shipments of 8.6Mt

12 August 2021, Published under Cement News

Argos recorded cement shipments of 8.6Mt in the 1H21, an increase of 26.9 per cent compared to the 1H20. The advance was supported by the performance of the group in the USA, the Caribbean and Central America, as well as having a low comparison base. Consolidated revenues reached US$1.3bn, up 11 per cent compared to the 1H20. Likewise, EBITDA rose by 29.9 per cent to US$266.7m. EBITDA margin , excluding the profits on the sale of concrete assets, reached a record of 20.3 per cent, the hig...

Caribbean Cement triples 1H profit

02 August 2021, Published under Cement News

Caribbean Cement’s profit for the first half of 2021 has tripled to JMD3bn (US$19.3m) from JMD1bn in the 1H20, on the back of stronger domestic demand. The company’s revenues increased 32 per cent YoY to JMD12.3bn. The increase in revenues and the improved efficiency in terms of operating cost control have been key in achieving the 1H21 results.