Cement News tagged under: Central America and the Caribbean

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Argos reports 11% rise in revenues in 2019

23 March 2020, Published under Cement News

On a consolidated basis, Colombia-based cement producer Argos reported an 11.4 per cent increase in revenues and a 14.3 per cent increase in EBITDA during 2019. The year ended satisfactorily with advances of 11.4 per cent in revenues and 14.3 per cent in EBITDA. Operations in the USA saw significant volume growth and prices in Colombia and the Caribbean recovered. The Central America region maintains conjunctural difficulties in Honduras and Panama, which was offset to some extent by the ...

Cementos Argos 1Q revenues impacted by Colombia

12 May 2017, Published under Cement News

Cementos Argos posted a 6.1 per cent decline in consolidated revenues for the first three months of the year, citing a challenging first quarter affected mainly by Colombia. Over 70 per cent of revenues and EBITDA came from operations outside of Colombia. The US continues to be its main market in terms of revenues, cement and ready-mix volumes. For the first time, the Caribbean and Central America group region was the leading contributor to EBITDA accounting for 43 per cent.  Cement vo...

Honduras government freezes cement price for further 30 days

11 February 2014, Published under Cement News

Following an agreement with local cement companies, the Honduran government resolved to continue freezing cement prices at HNL160 (US$8.07)/bag. On 11 January, the country’s executive power decided to maintain cement prices for a month, due to the strong hikes applied by cement companies and DIY shops. “We are going to extend the price of cement at HNL160 for a further month and during this period of 30 days we will have a dialogue with Argos, to work out its price structure,” said Al...

Cemex expects best volume growth from USA

26 July 2013, Published under Cement News

Cemex reported a slight decline in turnover for the first half of 2013, with EBITDA also down marginally but the trading profit improved by double digits. While volumes were down in the first six months, the group sees full year sales edging ahead with the USA expected to show the best advance. Cemex' first half turnover eased by 0.7 per cent to US$7322.1m and  EBITDA came off by 1.7 per cent to US$1251.2m, but the trading profit improved 13.8 per cent to US$690.2m. Net interest payment...