Cement News tagged under: Central America
Cemex reports highest EBITDA margin in eight years26 July 2024, Published under Cement NewsCemex has reported strong 2Q24 results with a two per cent increase in EBITDA, while the EBITDA margin expanded to the highest level since 2016. The EBITDA margin was propelled by favourable price-to-cost dynamics, with prices rising mid-single digits amidst decelerating costs. Net sales were flat compared to the 2Q23, reflecting difficult weather conditions in key markets offset by pricing momentum, says Cemex. “Our strong second quarter results demonstrate the efficacy of our commercial... |
GCC posts 9% advance in 2Q earnings25 July 2024, Published under Cement NewsMexico-based GCC SAB de CV reported consolidated net sales down by one per cent to US$360.3m in the second quarter of 2024 from US$364.1m in the 2Q23. US cement and concrete prices increased by 5.3 and 8.1 per cent, respectively while in Mexico cement and concrete prices were up by 2.5 and 6.4 per cent, respectively. However, these increases were not able to offset falls in volumes. Cement volumes were down by 7.1 per cent both in the US and Mexico while concrete volumes saw a 14.3 p... |
US cement sales rose in April19 July 2024, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the US and Puerto Rico amounted to 9.232Mt in April, up 5.9 per cent YoY from the 8.719Mt recorded in April 2023. Excluding for imports and sales to Puerto Rico, cement consumption in the US rose 5.9 per cent YoY to 9.11Mt, up from 8.6Mt a year earlier. The key district for shipments was the Mountain and Pacific region accounting for 1.629Mt, up 2.3 per cent YoY. Masonry cement shipments amounted to 202,211t, up 5.4 per ... |
Trinidad Cement changes two executive managers08 July 2024, Published under Cement NewsTrinidad Cement Ltd has announced two changes to its executive management team. The Cemex subsidiary's General Manager, Guillermo Rojo de Diego, will be replaced by Cemex Commercial VP, Gonzalo Rueda Castillo. Roberto Adrian Villarreal Villarreal will take over from Gustavo Alejandro Ruiz Silva as group strategic planning manager. Mr Rojo was appointed general manager in 2019 and will help Mr Rueda transition into the role. Mr Castillo, who has over 25 years' experience in the company, w... |
Cementos Moctezuma appoints director of legal affairs02 July 2024, Published under Cement NewsMexico-based Cementos Moctezuma SA de CV , part of Cementos Molins SA , has appointed Fortino Delgado Carillo as its new corporate director of legal affairs. Mr Delgado will replace Belen Molins Benavent, who resigned as of 1 July 2024 for personal reasons. Mr Delgado has more than three years of experience in the legal and corporate affairs of the company and worked previously as a manager of contentious affairs. |
Dominican cement price rise affects housing construction01 July 2024, Published under Cement NewsIn the Dominican Republic, cement prices, as represented in the Direct Cost of Housing Construction (ICDV), have increased by 49.3 per cent between January 2020-April 2024, according to the Dominican Association of Housing Builders and Developers (Acoprovi). This is causing inflationary pressures and increasing the cost of housing construction as cement represents 18 per cent of construction costs. In 2024 to date cement prices have advanced by eight per cent with an extra six per cent ant... |
Infrastructure project greenlight for Argos20 June 2024, Published under Cement NewsArgos French Guiana has been selected as a key supplier for the construction of the new Larivot bridge in French Guiana Argos' commitment is to deliver 9000t of cement and 3000t of other cementitious materials for the completion of the mega-project. Since 2023, to date, it has supplied more than 2000t of cement and 750t of other cementitious materials. With a length of 1300m, 50m-deep piles, and a diameter of 1.6m, this bridge is considered one of the most important engineering works in ... |
US and Puerto Rico Portland and blended cement market contracts 4% in 1Q2419 June 2024, Published under Cement NewsTotal cement shipments of Portland and blended cement in the USA and Puerto Rico, including imports, declined by 8.1 per cent YoY to 8.01Mt in March 2024, according to the US Geological Survey (USGS). Texas, Florida, California, Arizona and Georgia accounted for 45.3 per cent of March deliveries. The leading producing states for Portland and blended cement were Texas, Missouri, California, Florida and Alabama. Masonry cement deliveries dropped 16.3 per cent YoY to 186,000t in March 2023. F... |
Caribbean Cement uses counterfeit cigarettes as RDF07 June 2024, Published under Cement NewsCaribbean Cement Co Ltd has destroyed an estimated JMD400m (US$2.57m) worth of counterfeit cigarettes in its cement kiln, in collaboration with the Jamaica Constabulary Force. Over 600 cases of counterfeit cigarettes were seized by the Intellectual Property Branch of the country’s Counter Terrorism and Organised Crime Branch. According to Jamaica Gleaner, the cigarettes, which are a source of refuse-derived fuel, offer a safe alternative to fossil fuels for cement plants. Jorge Martine... |
US and Puerto Rican cement market expands 10% in February03 June 2024, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico in February 2024 advanced 10.3 per cent to 7.59Mt when compared with February 2023, according to the US Geological Survey (USGS). The leading consuming states were Texas, Florida, California, Georgia and Arizona with a combined share of 47.1 per cent of February deliveries. The leading producing states of Portland and blended cement were Texas, Missouri, California, Florida and Alabama. Masonry ce... |