Cement News tagged under: Central America

RSS feed

Cemex plans 30% expansion at Caribbean Cement Co

26 August 2022, Published under Cement News

CEMEX plans to expand the production capacity at its subsidiary in Jamaica, Caribbean Cement Co Ltd (CCCL). This expansion aims for an up to 30 per cent increase CCCL’s cement capacity, through an investment of approximately US$40m for the first phase of the project.   The announcement was made by CEMEX’s CEO, Fernando A González, during his visit to Jamaica, jointly with the Prime Minister of Jamaica, Andrew Holness, relevant officials of the Jamaican government and key representati...

Cement sales in Puerto Rico decline 16% in July

26 August 2022, Published under Cement News

Puerto Rican cement sales fell 15.7 per cent YoY in July 2022 to 1.12m bags of 42.6kg, or 47,712t, according to the country’s Institute of Statistics. The drop represents the largest fall in the past seven months. Sales were down 2.9 per cent when compared with July 2019. Cement production increased 21.3 per cent YoY in July 2022 to 739,000 bags, or 31,481t. While this represents the fourth consecutive month of advance, in the last three years output from domestic cement plants has decline...

Argos generates revenue of COP2.9trn in 2Q22

11 August 2022, Published under Cement News

Argos, ( Grupo Argos ) recorded revenues and strong demand for cement and ready-mix, mainly in the United States and Colombia, as well as stable operating results in an environment of high-cost inflation helped by its strategy, the flexibility of its fuel matrix and the partial hedging of fuel prices. From April to June 2022 (2Q22), the cement company generated revenues for COP2.9trn (US$670m), 15.3 per cent higher compared to the same months of the previous year. Also, it obtained an adj...

US and Puerto Rican cement shipments increase in May

08 August 2022, Published under Cement News

Total shipments of Portland and blended cement in the USA and Puerto Rico increased six per cent YoY to 9.7Mt in May 2022, according to the US Geological Survey (USGS). The leading cement-consuming states were Texas, California, Florida, Illinois and Ohio. They received 39 per cent of May shipments. The top five cement-producing states were Texas, California, Missouri, Florida and Michigan, which accounted for 39 per cent of cement production in May 2022. Masonry cement deliveries totalled...

Zacua Ventures to receive CEMEX and CEMEX Ventures' investment

05 August 2022, Published under Cement News

CEMEX and CEMEX Ventures are investing in a global early-stage venture fund, Zacua Ventures, which aims to tackle the construction industry’s biggest challenges in sustainability, productivity and urbanisation.   "As pioneers in the construction industry's transformation, we are happy to be part of this investment vehicle to seek innovative solutions that help boost productivity, sustainability, and urbanisation,” said Gonzalo Galindo, head of CEMEX Ventures. “The collaboration and syn...

Caribbean Cement reports drop in 2Q profit

05 August 2022, Published under Cement News

Jamaica-based Caribbean Cement posted operating profit of US$28.2m in the 1H22, representing a two per cent drop YoY from US$28.8m. Net profit also slipped by two per cent YoY to US$19.7m, despite a 10 per cent increase YoY in sales to US$85.5m in the 2Q22. The drop in earnings was attributed to increased operational expenses during a downturn in the global economy.

CEMEX orders 200 low-carbon trucks

04 August 2022, Published under Cement News

CEMEX has added nearly 200 lower-carbon natural gas-powered trucks as part of a comprehensive strategy seeking to decarbonise its global fleet. This initiative is part of the company’s flagship Future in Action programme to become a net-zero CO 2 company by 2050. The investment in these 200 new vehicles consist mostly of concrete mixer trucks powered by low emission compressed natural gas (CNG) or renewable natural gas (RNG). These trucks will have a carbon footprint that is approximatel...

CEMEX reports 2Q22 net sales growth of 11%

29 July 2022, Published under Cement News

CEMEX has announced continued solid top line growth, with second quarter net sales growing 11 per cent to US$4080m in the 2Q20. Pricing was the main driver with prices of cement, ready-mix and aggregates increasing 16,12, and 14 per cent, respectively.   With a difficult second quarter 2021 comparison base, EBITDA decreased by eight per cent to US$723m, primarily due to higher energy costs and supply chain disruptions. Cemex group’s net income totalled US$265m in the 2Q22.   “I a...

Advent International partners Cemex and invests in NEORIS

27 July 2022, Published under Cement News

Advent International is partnering with CEMEX to accelerate the growth and development of NEORIS. As a global provider of tech consultancy and digital transformation services, NEORIS will strengthen its capabilities and reach through Advent’s expertise in the space.   With Advent’s support, NEORIS will deepen its focus on artificial intelligence, data science, cloud solutions, and automation, etc. These verticals are aligned with CEMEX’s priorities for its continued digital transformat...

CEMEX Ventures invests in 3D printing company COBOD

26 July 2022, Published under Cement News

CEMEX Ventures (Cemex Group) is investing in COBOD, a global leader in construction-grade 3D printers. CEMEX and COBOD have been working together over the last year to innovate in the 3D printing space. Through this partnership, they recently introduced the first-ever 3D printing solution that utilises conventional ready-mix concrete in the building process. The solution can deliver significant savings versus traditional 3D printing construction methods and materials and has been implement...