Cement News tagged under: Central America
Cemex seeks to offset inflationary pressures with price hikes08 October 2021, Published under Cement NewsFernando A Gonzalez, CEO, opened yesterday's Cemex Day - Part II event with a look at some of the surprises of the last year. Not only has Cemex seen a 'V-shaped' recovery since the pandemic, it has also reported remarkable growth with EBITDA advancing in the 1H21 by 20.7 per cent YoY. However, inflation has become the main challenge going forward, particularly due to price rise for marine transportation and fuel, which the company has responded to with a robust pricing strategy and the post... |
SBTi validates Cemex's 2030 global emission targets06 October 2021, Published under Cement NewsThe Science Based Targets Initiative (SBTi) has validated Cemex’s 2030 global emissions targets. Cemex’s targets are in accordance with the Paris Agreement, citing global warming to well below 2˚C and pursuing efforts to limit warming to 1.5˚C. Cemex has a net greenhouse gas emissions (GHG) reduction target of 40 per cent by 2030 compared to its 1990 base line. Under scope 1, this means a reduction in direct GHG emissions of 20 per cent per tonne of cementitious materials by 2030 fr... |
Cemex plans Guatemalan expansion17 September 2021, Published under Cement NewsCemex will increase its cement capacity in Guatemala by early 2023 with a new grinding mill at the Arizona facility in the port of San José. The new mill will increase cement capacity from 0.4Mta to 0.9Mta and will cost approximately US$25m. Cemex plans to produce low-carbon cements with the extra capacity. "This investment reinforces Cemex’s commitment to Guatemala’s development and reflects our confidence in the favourable outlook of the economy in the country and the region," said J... |
Puerto Rican cement sales drop 10%14 September 2021, Published under Cement NewsCement sales in Puerto Rico decreased 9.6 per cent YoY to 51,165t (or 1.26m bags), the third-consecutive YoY fall, according to the Bank of Economic Development (BDE). Cement sales had been increasing since May 2020 following the end of lockdown, peaking at 1.6m in June 2020, which represented the highest sales since 2012. By the end of the year, sales had advanced 2.8 per cent when compared with 2019. |
US and Puerto Rican Portland and blended cement market remains stable in June08 September 2021, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico remained stable at 10.1Mt in June 2021, according to the US Geological Survey (USGS). Texas, California, Florida, Ohio and Illinois – the leading cement-consuming states – accounted for 37 per cent of the US market. Output of Portland and blended cement in June 2021 was the highest in Missouri, California, Texas, Florida and Tennessee, which accounted for a combined share of 40 per cent of domesti... |
Cemex launches its Sustainability-Linked Financing Framework08 September 2021, Published under Cement NewsCemex has launched its most comprehensive 'Sustainability-Linked Financing Framework' to date. The framework further aligns Cemex's sustainability commitments to its financing strategy, as part of its Future in Action programme. Cemex's guiding principles for new sustainability-linked financing instruments, including public bonds, private placements, loans, derivatives, working capital solutions and other financing instruments are set out in the framework. "Climate change is one of the... |
Salvadoran cement prices up 4% in August03 September 2021, Published under Cement NewsCement prices in El Salvador have increased four per cent YoY to US$7.87/42.5kg bag in August 2021 from US$7.57/bag, delivered ex-works. Retail prices rose by 3.6 per cent YoY to US$8.68/bag from US$8.38/bag over the same period. |
Holcim buys 51% stake in Costa Rican RMC producer01 September 2021, Published under Cement NewsHolcim 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 unit31 August 2021, Published under Cement NewsCementos 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 prospects19 August 2021, Published under Cement NewsPeru’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... |