Cement News tagged under: Central America
Cemex and Cementos Progreso see growth scenarios07 January 2022, Published under Cement NewsAt 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 Progreso30 December 2021, Published under Cement NewsMexico-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 projects21 December 2021, Published under Cement NewsArgos 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... |
CEMEX joins the UN CFO Taskforce to promote sustainability goals21 December 2021, Published under Cement NewsCEMEX SA de CV has joined the United Nations (UN) Global Company CFO Taskforce for the Sustainable Development Goals (SDG) as the company continues to align its financial strategy to its leadership in addressing climate change, the company announced. The CFO Taskforce for the SDGs has three main goals: to engage the global CFO community, to integrate the SDGs into strategy, financing, and investor relations, and to create a broad sustainable finance market. Members of the UN Global Compact... |
Cruz Azul legal dispute risks sustained cement production20 December 2021, Published under Cement NewsMexico-based cement producer Cruz Azul is currently facing a legal conflict in its plant in Tula, Hidalgo, that threatens to impact cement production. The plant currently employs 1300 workers and two groups are seeking control of the company. A day after the failed seizure of the facilities that the dissident group intended that resulted in a riot, the cooperative members chaired by Federico Sarabia, warned that due to the series of sabotage and actions taken against them by the group led ... |
Holcim El Salvador awards solar park contract10 December 2021, Published under Cement NewsHolcim El Salvador awarded the contract for the construction of a solar park to AES El Salvador. The solar power facility would be built at its El Ronco cement plant in Metapan in the second half of 2022. As part of the US$19m investment AES would be responsible for the installation of 39,200 solar panels as well as the operation of the photovoltaic park for 15 years. The facility is expected to generate 17MW of renewable energy, accounting for 21 per cent of the energy required for cement... |
Cuban cement industry expected to recover in 202208 December 2021, Published under Cement NewsCuba’s cement industry is forecast to show significant signs of recovery in 2022 with a production of 1.4Mt of cement, according to the country’s Construction Minister, Réné Mesa Villafaña. “It [cement] will continue to be produced at the José Mercerón factory in Santiago de Cuba, transporting clinker produced at Cienfuegos by cabotage. If the Siguaney kiln in Sancti Spíritus remains stable – as we have foreseen – we will then transfer a discrete amount of clinker from the Perla del Sur un... |
Honduran cement prices frozen until end of 202108 December 2021, Published under Cement NewsThe price of a cement bag in Honduras will remain the same until 31 December 2021, according to the country’s Secretary of Economic Development (SDE), the Honduran Council of Private Enterprise (COHEP) and the Honduran Chamber of Industry and Construction (CHICO). The head of the SDE, María Antonia Rivera, said that "the most important thing is to maintain the stabilisation of the price that was applied on November 30, which will be maintained for 30 days and we are going to create the wor... |
Fire at Cruz Azul’s Tula operations29 November 2021, Published under Cement NewsA fire broke out at Cruz Azul’s facility in Tula de Allende, Mexico, on Sunday morning. The flames were reportedly located at the company’s limestone conveyor belt. The fire was extinguished within two hours, but around 500m of the belt has been damaged. Operations are not expected to affected, while repair work will last between 15-20 days. |
Cement demand continues climb in El Salvador in July26 November 2021, Published under Cement NewsApparent cement consumption in El Salvador increased 45.9 per cent YoY to 180,611t (4249.67 bags) from 123,779t (2912.45 bags) in July 2020, according to Casalco. In the January-July 2021 period apparent demand saw a 57.3 per cent increase to 1,100,926t (25,904.15 bags) from 699,989t (16,470.33 bags) in the 7M20. In October 2021 the ex-works price remained stable MoM at US$8.09 per 42.5kg bag. Retail prices edged up further to US$8.82/bag in October, representing a YoY rise of five per... |