Cement News tagged under: Central America

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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.

Puerto Rico sees first fall in sales since April 2020

30 July 2021, Published under Cement News

In June 2021, 1.3m bags, or 55,429t of cement were sold in Puerto Rico, according to the Banco de Desarrollo Económico.  This represents a YoY decline of 18.8 per cent from 68,220t, the first drop in sales since April last year. FY21 ended with a 31.7 per cent advance in sales from 12.4m bags, or 528,707t, to 16.3m bags, or 694,994.51m. The growth in sales is the highest in 12 years, according to Sin Comillas.

GCC reports 44% increase in 2Q net income

28 July 2021, Published under Cement News

GCC saw its consolidated net sales increased 18.1 per cent YoY to US$286.7m in the 2Q21 from US$242.8m in the 2Q20. EBITDA advanced 18.6 per cent YoY to US$97m in the 2Q21 from US$81.8m in the 2Q20. As a result, the EBITDA margin edged up from 33.7 per cent to 33.8 per cent over the same period. Net income increased 43.8 per cent to US$47.7m in the 2Q21 from US$33.2m in the year-ago period. In Mexico cement and ready-mix volumes increased 17.1 and 41.4 per cent, respectively. In the USA c...

GCC reports strong 2Q21 results and prepares for expansion

28 July 2021, Published under Cement News

GCC reported a net sales increase of 18 per cent in the 2Q21 and a rise in EBITDA of 19 per cent. The company’s net financial expenses totalled US$10m during this accounting period. GCC reported cement volumes rising by 11 per cent in the 2Q21 compared to eight per cent in 2020. Concrete sales fell by 17 per cent compared to a six per cent rise in the 2Q20. Commenting on guidance for the remainder of 2021, Enrique Escalante, GCC’s CEO said: “ Starting in Mexico, we now expect GCC’s cem...

Caribbean Cement Co 2 years accident free

27 July 2021, Published under Cement News

Cemex-owned Caribbean Cement Co Ltd is marking two years free from accidents at its Rockfort plant in Kingston, Jamaica. The milestone was officially reached on 15 July and fell within the company's observation of Health and Safety Week between 12-16 July. "It's a good feeling to know that we can break production records but at the same time keep our people safe, so this is definitely a big achievement. In the last 10 years, we have not been able to accomplish such a feat but now that we...

Rock Hard Distributors sees import restrictions claim dismissed

22 July 2021, Published under Cement News

The judicial review claim brought by Trinidad and Tobago-based Rock Hard Distributors and St Lucia-based Rock Hard Distribution Ltd against the Ministry of Trade and Industry against the ministry’s steps to introduce a quota on imported cement and a proposal to increase import duties was dismissed by Justice Jacqueline Wilson. The claim sought to challenge the decision made by the ministry on 13 November 2020 introduce import quota from 1 January, allowing only a total of 75,000tpa for all...