Cement News tagged under: Central America

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GCC reports favourable performance in 4Q21 and 2021

27 January 2022, Published under Cement News

GCC reported a 10.9 per cent YoY advance in consolidated net sales to US$257.9m in the fourth quarter of 2021. EBITDA remained stable at US$83.1m with an 31.5 per cent EBITDA margin. Total cement volumes in the US grew by 5.1 per cent, but excluding oil well cement, they fell 5.5 per cent when compared with the 4Q20. Consolidated sales were further supported by a rise in US cement and ready-mix prices of 11.8 per cent and three per cent, respectively. In Mexico cement and ready-mix volum...

Mexico's cement market sees cement prices surge

26 January 2022, Published under Cement News

The price of grey cement in Mexico increased on average 14.5 per cent per 50kg bag and 20 per cent per tonne of bulk cement in January 2022 when compared with December 2021, according to industry sources and material distributors, reports El Norte. This is significantly above the 2.4 per cent increase between January 2021 and December 2020 as reported by INEGI, the country’s statistics office. In the case of market leader Cemex, the company reported a 14.4 per cent price rise for its bagg...

Fitch Ratings upgrades Argos from stable to positive

19 January 2022, Published under Cement News

Argos, a Grupo Argos cement company, received an upgrade in its credit rating outlook, going from 'Stable' to 'Positive' according to Fitch Ratings, an international credit rating agency. The positive outlook granted by Fitch Ratings reflects the good performance of Cementos Argos and the expectation that the generation of operating cash flows will continue with a growth trend, a trend that has been benefited by the operational efficiency strategies that the company has launched.  Amon...

Domicem wins Energy Award for solar power plant

18 January 2022, Published under Cement News

The Domicem cement plant (Colacem group) has received the award of excellence in the Energy Rinnovabili category, for the project "Improvement in solar park control systems", in the 202 the National Award for Clean Productions, awarded by the Ministry of Environment and Natural Resources in collaboration with other institutions of the Dominican Republic. The 1.5MW solar power plant was built on an area of 16,889m 2 and consists of 4616 photovoltaic panels of 325Wp. The solar park ann...

Holcim Costa Rica wins Positive Packaging Certification

14 January 2022, Published under Cement News

As part of its efforts aimed at operating as a responsible company with the environment and with people, Holcim Costa Rica became the first subsidiary of Holcim in the world to obtain the Positive Packaging distinction, by recovering 14,000t of paper from various classes to co-process them as energy and compensate for the 1500t emitted in their packaging. "Costa Rica is a benchmark in sustainability, globally recognised for its policies in favour of the environment and society. We are ...

Honduran price hike cancelled

13 January 2022, Published under Cement News

The HNL10 (US$0.41) increase in the price of cement in Honduras, effective from 1 January 2022, has been cancelled following an agreement between private firms committee, Cohep, construction companies, cement firms and the Honduran government. ANDI, CHICO, Cementos del Norte, Cementos Wang Peng and Ultracem agreed to maintain the price of cement to its pre-2022 level.

Honduran cement price rise alarms construction industry

10 January 2022, Published under Cement News

Members of the Honduran Chamber of the Construction Industry (CHICO) have demanded that the cement industry explains the reasons for a HNL10 (US$0.41) price increase for a bag of cement in the domestic market. "We hope to see what solid substantive arguments will be presented by the cement companies when I understand that an agreement had been reached to leave said increase on stand-by, taking into account what the Honduran people are experiencing," said Osmín Bautista, who heads up the ch...

Cemex and Cementos Progreso see growth scenarios

07 January 2022, Published under Cement News

At the end of last year, Cemex agreed to the sale of its Costa Rica and El Salvador operations to Guatemala's Cementos Progreso for US$335m. ICR discusses the ongoing Cemex strategy of Operation Resilience and considers how the new assets will fit in with Cementos Progreso's portfolio. Cemex's divestment included the sale of one fully-integrated cement plant, one grinding station, seven ready-mix plants an aggregate quarry and a distribution centre in Costa Rica as well as a distribut...

Cemex to sell Costa Rica and El Salvador operations to Cementos Progreso

30 December 2021, Published under Cement News

Mexico-based Cemex has signed an agreement for the sale of its operations in Costa Rica and El Salvador with Guatemala’s Cementos Progeso Holdings, for the amount of US$335m, to be completed in the first quarter of 2022. The assets up for sale include an integrated cement plant, a grinding station, seven concrete plants, an aggregates quarry and a distribution centre in Costa Rica as well as a distribution centre in El Salvador. The disposal of the operations are in line with Cemex’s str...

Argos announces US$23m investment in Honduran strategic projects

21 December 2021, Published under Cement News

Argos will invest US$23m in several projects to improve operations at its Honduran plants. The investment is also expected to support the country’s growth and development. The company will expand its installed capacity at Piedras Azules, Comayagua, to increase its annual cement production by 35 per cent as it forecasts accelerated market demand. Furthermore, Argos will invest in renewable energy by expanding its solar farm in Comayagua, which was opened in 2020, and currently consists of...